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Sam Altman backs teens’ AI startup automating browser-native workflows

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Sam Altman, Peak XV, Eric Schmidt’s trust, and Daniel Gross and Nat Friedman’s AI grant are among backers of an AI startup, founded by two teenagers, that’s aiming to assist businesses in automating numerous workflows in previously unexplored ways.

Induced AI, founded this year, enables businesses to input their workflows in plain English, subsequently converting the instructions into pseudo-code in realtime for numerous repetitive tasks typically managed by back offices.

The eponymous platform launches Chromium-based browser instances, and uses its tech to read on-screen content and control the browser similarly to a human in order to complete various steps of a workflow. This allows the browser instances to interact with websites even if they don’t have an API, Aryan Sharma, Induced AI co-founder and chief executive, showed in a demo.

Zapier is among the firms that pioneered the API integration economy, connecting disparate applications, offering businesses a route toward automated and efficient workflows. The platform’s use of automated workflows provided companies with a mechanism to streamline operations and innovate, all without necessitating an in-depth understanding of technical processes. 18-year-old Sharma, who co-founded the startup with 19-year-old Ayush Pathak, is betting that Induced AI can build an integration economy for the browser-native workflows.

The workflows can be complex and logic-driven processes, including two-factor authentication dialogues. Induced AI applies a bi-directional interaction system, enabling human involvement in certain steps as needed, while autonomously managing the remainder, said Sharma.

“We’ve purpose-built a browser environment on top of Chromium that’s designed for autonomous workflow runs. It has its own memory, file system, and authentication credentials (email, phone number) to do complex flows. As far as I know, we’re the first to take this approach of redesigning the browser for native AI agent use. So complex logins, 2fa (we auto fill in auth codes/SMSs), file downloads, storing and re-using data is possible that other autonomous agents can’t do,” said Sharma.

In contrast to existing models, where an individual trying to program such instructions might spend hours on tasks like tagging all HTML elements, Induced AI eliminates the need for manual tagging. Its system can discern the necessary information from English instructions and dynamically adjust them as needed for tweaks.

Induced AI is certainly not alone. Chances are you have seen several similar modern Robotic Process Automation concepts floating around on X and Hacker News in recent months. But Sharma highlighted several factors that set Induced AI apart from others. Induced AI can run multiple tasks simultaneously and it’s fully remote, for instance, he said.

The startup, which currently has just five members, has signed up a few small to mid-sized customers in recent weeks, including a sales firm that uses Induced AI for employee onboarding, and is working on many new use cases, said Sharma.

Induced AI said Tuesday it’s raised $2.3 million in its seed funding round, and its investors include SignalFire, Untitled Ventures, SV Angel, Superscrypt, Balaji Srinivasan, Julian Weisser, IDEO Colab, and Ondeck.

“Induced is the definition of RPA 3.0. Not only are they taking a huge leap forward in providing true human-like interaction and efficiency, they democratize access by allowing users to describe their workflows in natural language and execute parallel agents any back-office workflow,” said Signalfire’s Elaine Zelby in a statement.



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Where Did Earth’s Oceans Come From? Scientists Say They Originated From Comets

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Scientists have long debated how Earth became rich in liquid water after the planet formed about 4.5 billion years ago. Now a new research published in Science Advances suggests that comets, particularly those from the Jupiter family, may have played a significant role in delivering water to Earth.

The study focused on Comet 67P/Churyumov-Gerasimenko, a celestial body that belongs to the Jupiter family of comets.

Using data from the European Space Agency‘s (ESA) Rosetta mission, researchers analysed the molecular structure of water on the comet and found striking similarities to the water in Earth’s oceans. This discovery strengthens the theory that icy comets and asteroids crashing into Earth contributed to the formation of its oceans.

The ratio of deuterium to regular hydrogen in the water is a key signature which is the basis of the study. Deuterium is a heavier isotope of hydrogen and it forms heavy water.

Previous studies had shown that the levels of deuterium in the water vapour of many Jupiter-family comets closely matched those found in Earth’s water. To explore this connection further, NASA planetary scientist Kathleen Mandt and her team used advanced statistical techniques to analyse data from Comet 67P.

The findings revealed that deuterium-rich water was more closely associated with dust grains around the comet than previously understood. Because water with deuterium is more likely to form in cold environments, there’s a higher concentration of the isotope on objects that formed far from the Sun, such as comets, than in objects that formed closer to the Sun, like asteroids.

Measurements within the last couple of decades of deuterium in the water vapor of several other Jupiter-family comets showed similar levels to Earth’s water.

This discovery not only strengthens the idea that comets helped deliver water to Earth but also provides valuable insight into how the early solar system formed. By studying the molecular makeup of comets like 67P, scientists can better understand the processes that shaped our planet and its oceans billions of years ago.

Mandt expressed her excitement about the results, saying, “This is just one of those very rare cases where you propose a hypothesis and actually find it happening.” The research also shows how studying comets can help unravel mysteries about the building blocks of the solar system.

ALSO SEE: Uranus Is Hiding 8000-Km Deep Ocean? New Study Presents Thrilling Hints

ALSO SEE: Webb Telescope Sees World That Could Reek Of Burnt Matches And Rotten Eggs

(Image: NASA)





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Chainalysis permanently parts ways with its founding CEO

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Michael Gronager, the co-founder and longtime CEO of Chainalysis, has agreed to leave the company permanently, two months after taking a temporary personal leave of absence.

Chainalysis, a buzzy 10-year-old, New York-based blockchain data platform, will now be led by co-founder Jonathan Levin, as Levin told TechCrunch, explaining that on Tuesday, its board of directors gave him Gronager’s job. But Levin, who has long served as the outfit’s chief strategy officer, will do more than run the company as CEO; he will also maintain his other roles.

“I’ve been running R&D, and I think the CEO should be the chief product officer, so I’m making no changes to our R&D leadership team; it will continue to report directly to me,” he said in an interview on Wednesday.

Levin declined to provide more information about Gronager other than to say that Gronager is also no longer on the Chainalysis board but retains his equity in the company.

A message to Gronager on Wednesday from TechCrunch went unreturned.

Asked about Chainalysis’ financial health, Levin said the startup is “continuing to invest in our growth,” and that “we don’t need to raise capital. We raised $175 million in 2022 and [still] feel strong about the cash position of company.” He added that his focus will be on “executing, the expansion of our risk platform, and going deeper with our government clients across the world to ensure they can deal with the increased demand of crypto.”

Chainalysis, whose early investors include Benchmark, was valued by investors at $8.6 billion during that 2022 funding round. Crypto investor Katie Haun, who first discovered Chainalysis in her capacity as federal prosecutor, reportedly began buying up secondary shares of the company at a valuation of $2.5 billion this past April.

Considered a “crypto detective,” one whose clients include the U.S. government and a wide range of corporations, Chainalysis in late 2023 laid off slightly more than 15% of its staff of 900, with plans to focus more squarely on government contracting, according to The Block.

The entire crypto industry has been in bounce-back mode in more recent weeks, as the incoming Trump administration signals a far friendlier stance toward digital currencies. The most obvious proof point: The price of bitcoin reached a record high of $100,000 on Wednesday.

Above: Levin at a StrictlyVC event hosted by TechCrunch in November 2024.



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Zopa, the UK neobank, snaps up $87M at a $1B+ valuation, eschewing the IPO route

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Some believe Klarna’s planned IPO in 2025 could set the stage for other fintech startups to go public. But with the tech IPO market still sluggish, one of the candidates hotly tipped to follow suit has instead just announced a fundraise, and its CEO says going public is “not a priority.” Zopa, the U.K. neobank […]

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