Voice.ai, a leading provider of real-time voice changing technology, has recently secured $6 million in funding to further develop its innovative platform. The investment, led by Mucker Capital and M13, will be used to expand the company’s technical talent pool, enhance its software development kits (SDKs) and application programming interfaces (APIs), and explore new applications such as singing. With over 480,000 users and a vast library of more than 50,000 voice filters, Voice.ai is poised to revolutionize the AI voice modification industry.
In recent years, there has been a surge in the development of AI-driven tools that can generate images, text, and even audio based on basic prompts. Voice.ai is at the forefront of this trend, offering users the ability to change and disguise their voices in real time. The company’s technology has gained significant traction among gamers, content creators, and Vtubers, with applications on popular platforms such as TikTok, Zoom, Discord, and more.
Voice.ai’s success can be attributed to its user-friendly interface and extensive library of voice filters. Currently available as apps for Mac, PC, Android, and iOS, the platform allows users to create new voices or select from thousands of pre-created options. These voices can be used live on supported platforms or for recordings. Voice.ai’s user base has grown primarily through word-of-mouth marketing, with its Discord channel boasting more than 120,000 members.
As Voice.ai continues to experience overwhelming demand, server capacity has become a pressing concern. The company aims to address this issue by using a portion of the funding to increase server capacity and ensure a seamless user experience. Additionally, Voice.ai plans to hire more technical talent to drive innovation and expand its platform’s compatibility with popular frameworks like Meta, Unreal, and Unity.
What sets Voice.ai apart from its competitors is its focus on delivering affordable voice modification technology directly to consumers. While other companies in the voice AI space primarily cater to enterprise clients, Voice.ai aims to make this technology accessible to individuals. By retaining the core elements of a user’s speech, such as emotion, pacing, and emphasis, while replacing the voice itself, Voice.ai creates a unique and customizable end result in real-time.
Voice.ai’s technology has found resonance among various user groups. From gamers and streamers looking to enhance their online presence to individuals seeking privacy protection, the platform offers a range of applications. Moreover, Voice.ai has become a valuable tool for transgender users, allowing them to represent themselves with voices that align with their identity. The platform also empowers users to explore new online personas, enabling creative expression and personalization.
While Voice.ai is making significant strides in the voice AI market, it faces competition from several other players. Companies like Respeecher and ElevenLabs also offer voice-to-voice AI solutions, allowing users to modify and transform their voices. Additionally, there are numerous speech-to-voice and voice-to-speech services available in the market, each with its unique value proposition. However, Voice.ai differentiates itself by providing accessible and affordable voice AI technology directly to consumers.
Voice.ai is committed to democratizing voice AI technology by making it accessible to developers worldwide. The company aims to build a community of developers who can leverage and integrate its technology into their own applications. By offering user-friendly solutions that were once exclusive to large enterprises, Voice.ai hopes to revolutionize the AI developer community, similar to how AdMob transformed the mobile app developer landscape.
With its recent funding round, Voice.ai is well-positioned to continue its growth and innovation in the voice AI industry. By expanding its platform support, hiring top technical talent, and enhancing its voice changing technology, Voice.ai aims to solidify its position as a leader in the market. The company’s commitment to affordability, accessibility, and inclusivity sets it apart from its competitors and paves the way for a promising future.
First reported on TechCrunch
Fintech Kennek raises $12.5M seed round to digitize lending
London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.
According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.
The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:
“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”
The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:
“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”
The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.
The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.
Featured Image Credit: Photo from Kennek.io; Thank you!
Fortune 500’s race for generative AI breakthroughs
As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.
Goldman Sachs’ Cautious Approach to Implementing Generative AI
In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.
According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.
One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.
To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.
Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.
Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!
UK seizes web3 opportunity simplifying crypto regulations
As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.
Streamlining Cryptocurrency Regulations for Innovation
To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.
The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.
Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.
The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.
Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!