ElevenLabs CEO on AI slowdown; Prosus dials up fintech bets
Happy Wednesday! ElevenLabs CEO Mati Staniszewski weighs in on the AI slowdown debate. This and more in today’s ETtech Morning Dispatch.
Mati Staniszewski, co-founder and CEO of ElevenLabs, argues against industry-wide AI development slowdown, stating that deployment should proceed where technology has been "adequately tested," while halting it in cases of "unsafe" implementation. He emphasized the need for balance between society's benefits and risks associated with AI progress during an event in Bengaluru.
India remains ElevenLabs' second-largest market, where the company witnessed rapid growth and launched its latest text-to-speech (TTS) model, Eleven V4, supporting 14 Indian languages.
Amsterdam-listed investment firm Prosus is considering investments in Indian fintech startups Kiwi and Oolka, marking a shift in its direct investments across lending, housing finance, and savings. Both startups are currently in advanced talks with Prosus and Bessemer Venture Partners to secure $40-50 million at a $200-million post-money valuation.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
