Mayfield allocates $100M to AI incubator modeled after its entrepreneur-in-residence program

Quick Summary:

Snap is testing a “simplified version of Snapchat,” CEO Evan Spiegel wrote in a letter to employees published on Snap’s website Tuesday.

Navin Chaddha, the leader and managing partner of 55-year-old VC firm Mayfield Fund, has a penchant for approaching venture investing in a way that deviates slightly from other established firms.

If the AI discovers it can’t fix the problem, it calls human engineers for help.“That’s an example of a teammate,” Chaddha said.

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Article Details

Author / Journalist: Marina Temkin

Category: Technology

Markets: United StatesChadCubaIndiaMali

Topics: Venture Startups Exclusive Pre-seed Incubator program Mayfield fund AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 15:00:00 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1142 words

Reading Time: 7 minutes read

Sentences: 52 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22367347

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