Iceland Startups to Watch According to VCs

Dwelly raises $170M for AI rollup strategy

Dwelly, a proptech startup founded in 2023, has secured $170 million to expand its AI-driven rollup strategy in the UK letting agency market. By acquiring traditional letting agencies and integrating AI to streamline operations, Dwelly aims to modernize property management tasks like tenant communications and rent collection. This funding round, led by EQT Growth and General Catalyst, underscores the growing investor interest in AI rollup models that transform low-growth industries. With 17 agencies already under its belt, Dwelly is poised to further disrupt the property management sector.

Microsoft Challenges OpenAI, Anthropic with Own AI Models

Microsoft is positioning itself as a formidable competitor to AI giants OpenAI and Anthropic by promoting its own AI models and infrastructure. CEO Satya Nadella emphasizes the importance of enterprises maintaining control over their AI systems, advocating for a diverse model approach to avoid dependency on any single provider. This strategy is underscored by Microsoft's development of the MAI family of models and the Maya AI chips, which promise cost-effective and efficient performance. By offering a broad catalog of models, Microsoft aims to provide enterprises with flexible and secure AI solutions, challenging the dominance of established AI labs.

Music Industry Proposes AI Governance Framework