Models and influencers are among Artisse’s early adopters along with some businesses using AI photography for their ads.
“I see AI photography as a new category that should be probably of a similar size, if not bigger than, photo editing apps,” he says.
The investment, which was inbound, made sense because the fund has an influencer marketing arm and could help with marketing the app, Wu explains.
Shopping from AI photos and turning them into physical prints are other ideas being explored.
Artisse’s AI app is available on both iOS and Android.
With so much in the rearview mirror, it’s hard to predict what will happen with AI startups in 2024.
But some people, like investors, make their living from shrewd bets, so TechCrunch+ recently asked more than 40 investors what they think AI investing could look like in 2024.
Most investors told TechCrunch+ that they expect the current swell of funding to continue but were optimistic that the industry is moving past its initial hype cycle and toward more durable businesses.
Lisa Wu, a partner at Norwest Venture Partners, expects opportunities in verticalized AI to be particularly attractive this year.
“For example, law firms that effectively leverage AI will be able to offer their services at lower cost, higher efficiency and higher odds of favorable outcomes in litigation.”
What a yearThis is the last edition of The Interchange for 2023 — it’s hard to believe that the year is almost over.
In May 2022, Mary Ann reported at least 185 employees, or one-third of its workforce, were let go.
Mary Ann reported on a couple of high-profile executive departures this week.
Mustard’s decision to step down marks the third known high-profile executive departure at Credit Karma in 2023.
Then she wrote about how Opendoor co-founder Eric Wu is leaving the real estate fintech company after 9 years to get back to his startup roots.
Opendoor co-founder Eric Wu is stepping down to return to his startup rootsOpendoor co-founder Eric Wu is stepping down from the real estate tech company, according to an SEC filing.
In a statement, Wu said: “After ten years, I am called to get back to my startup roots and create and build again.
Last December, Wu announced he was stepping down from his role as CEO to serve as Opendoor’s president of marketplace.
In November 2022, Opendoor announced it was letting go of about 550 people, or 18% of the company, across all functions.
Jack Altman also announced he would be stepping down from Lattice, a software startup he founded in 2015.
