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Quilt, an audio social network focused on self care, raises $3.5 million in seed

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quilt an audio social network focused on self care raises 3 5 million in seed

The era of social audio 1.0 is in full swing, and while podcasts and Clubhouse have led the way, there are many other audio startups joining the fold. Quilt, an audio social network that focuses on wellness and community, has raised a $3.5 million seed round led by Mayfield Fund, with partner Rishi Garg joining the board, to do just that.

Quilt started as a community platform founded by Ashley Sumner, which let local folks meet up with one another in their own homes. Sumner was on the founding team at NeueHouse and has spent her career building community through physical space. Thousands of Quilt conversations were happening out of peoples’ homes until the pandemic struck in March, resulting in an existential crisis for the startup.

Sumner quickly moved Quilt over to Zoom but soon realized that video chat didn’t quite capture the magic that was happening in person, nor did it prove the right medium to foster the type of conversations that had made Quilt so special.

She worked to develop an audio app that would become the new Quilt 2.0, which went live in the App Store at the end of January.

Quilt allows anyone to start a room for a conversation, dropping a line or two of text to describe what they want to talk about. The app is focused on wellness, breaking rooms into three different categories: spiritual and personal development (with conversations around meditation, astrology, human design, etc.), career and purpose (“it was very important to link purpose to it,” said Sumner, “these aren’t networking events”), and relationships, sex and family.

Quilt

Image Credits: Quilt

The platform has put specific focus on balancing the engagement levels of content creators and consumers. According to Quilt, 98% of hosts attend other hosts’ conversations and more than 50% of Quilters talk during any given conversation.

Garg, who has spent nearly two decades in the emerging media space, talked about how the engagement ratio among creators, consumers and “bystanders” is different for each social platform based on the medium and product choices.

“With YouTube, the famous number was 1% create, 9% engage and 90% sit back,” said Garg. “At Twitter, interestingly, it was 10%, 30%, 60%. If you look at something like Clubhouse, you’re seeing that parallel already happen. It’s like celebrity central. Part of what got us excited about Quilt was that anyone could just start a room. We really focused in on the pathway between being a consumer to being a creator. Starting or hosting a room is shorter than on any other social media platform.”

He added that the norms within the Quilt community are a big part of what makes that possible, saying there is a hurdle associated with platforms that are more celebrity-driven or top-heavy. Consumers look at the bar that is set by the community and feel they’re not famous enough, or don’t have a big enough community to contribute, he said.

“Part of the magic of Quilt is that everyone can feel like they have something to offer,” Garg explained. “I think it’s a lot more scalable and a lot less fragile than an ecosystem built entirely on celebrity.”

Retention also seems to be strong in Quilt’s early days, with 80% of sign-ups coming back for conversations every week. The company also said that around 60% of conversations are started spontaneously, rather than being a planned and promoted “event.”

Sumner says that Quilt will never generate revenue through advertising, but rather employ a freemium model.

Existing investors such as Freestyle VC’s Jenny Lefcourt and Upside Partnership’s Kent Goldman and Christina Hunt also participated in this latest round, alongside new investors, including Houseparty CEO Sima Sistani, The Mini Fund’s Eros Resmini (also former Discord CMO), former Knotel head of marketing Allison Stoloff and others.

The Quilt team is currently made up of eight people, 50% of whom are female and 25% of whom are non-Black people of color. Twenty percent are LGBT and 10% are non-binary.

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We asked ChatGPT what will be Google (GOOG) stock price for 2030

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We asked ChatGPT what will be Google (GOOG) stock price for 2030

Investors who have invested in Alphabet Inc. (NASDAQ: GOOG) stock have reaped significant benefits from the company’s robust financial performance over the last five years. Google’s dominance in the online advertising market has been a key driver of the company’s consistent revenue growth and impressive profit margins.

In addition, Google has expanded its operations into related fields such as cloud computing and artificial intelligence. These areas show great promise as future growth drivers, making them increasingly attractive to investors. Notably, Alphabet’s stock price has been rising due to investor interest in the company’s recent initiatives in the fast-developing field of artificial intelligence (AI), adding generative AI features to Gmail and Google Docs.

However, when it comes to predicting the future pricing of a corporation like Google, there are many factors to consider. With this in mind, Finbold turned to the artificial intelligence tool ChatGPT to suggest a likely pricing range for GOOG stock by 2030. Although the tool was unable to give a definitive price range, it did note the following:

“Over the long term, Google has a track record of strong financial performance and has shown an ability to adapt to changing market conditions. As such, it’s reasonable to expect that Google’s stock price may continue to appreciate over time.”

GOOG stock price prediction

While attempting to estimate the price range of future transactions, it is essential to consider a variety of measures in addition to the AI chat tool, which includes deep learning algorithms and stock market experts.

Finbold collected forecasts provided by CoinPriceForecast, a finance prediction tool that utilizes machine self-learning technology, to anticipate Google stock price by the end of 2030 to compare with ChatGPT’s projection.

According to the most recent long-term estimate, which Finbold obtained on March 20, the price of Google will rise beyond $200 in 2030 and touch $247 by the end of the year, which would indicate a 141% gain from today to the end of the year.

2030 GOOG price prediction: Source: CoinPriceForecast

Google has been assigned a recommendation of ‘strong buy’ by the majority of analysts working on Wall Street for a more near-term time frame. Significantly, 36 analysts of the 48 have recommended a “strong buy,” while seven people have advocated a “buy.” The remaining five analysts had given a ‘hold’ rating.

1679313229 737 We asked ChatGPT what will be Google GOOG stock price
Wall Street GOOG 12-month price prediction: Source: TradingView

The average price projection for Alphabet stock over the last three months has been $125.32; this objective represents a 22.31% upside from its current price. It’s interesting to note that the maximum price forecast for the next year is $160, representing a gain of 56.16% from the stock’s current price of $102.46.

While the outlook for Google stock may be positive, it’s important to keep in mind that some potential challenges and risks could impact its performance, including competition from ChatGPT itself, which could affect Google’s price.


Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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This Apple Watch app brings ChatGPT to your wrist — here’s why you want it

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Apple Watch Series 8

ChatGPT feels like it is everywhere at the moment; the AI-powered tool is rapidly starting to feel like internet connected home devices where you are left wondering if your flower pot really needed Bluetooth. However, after hearing about a new Apple Watch app that brings ChatGPT to your favorite wrist computer, I’m actually convinced this one is worth checking out.

The new app is called watchGPT and as I tipped off already, it gives you access to ChatGPT from your Apple Watch. Now the $10,000 question (or more accurately the $3.99 question, as that is the one-time cost of the app) is why having ChatGPT on your wrist is remotely necessary, so let’s dive into what exactly the app can do.

What can watchGPT do?

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Discord goes all in with AI: chatbots, automods, whiteboards and more

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Discord goes all in with AI: chatbots, automods, whiteboards and more

AI is the future, at least over on Discord.

The messaging application originally made for gamers has become Gen Z’s favorite online hangout destination of choice, and now it’s rolling out a number of features powered by artificial intelligence.

In an announcement(Opens in a new tab) on Thursday, Discord shared what’s coming to the platform soon: an AI chatbot, an automated AI moderator, a conversation summarizer, an avatar remixer, and a whiteboard. Some of these features begin rolling out today, March 9. Others will launch in the coming weeks and months.

While AI has jumped into the mainstream thanks to the popularity of OpenAI’s ChatGPT chatbot, Discord has had an active AI community for quite a while now. According to the company, third-party AI apps already on the platform already have more than 30 million monthly users. Nearly 3 million servers on Discord have some AI element integrated into the community.

In fact, the biggest community on Discord is Midjourney, a text-to-image AI project which allows users to generate art from right within the server. Discord says Midjourney’s server has more than 13 million members.

So, with AI being such an integral part of Discord already, it seemed like only a matter of time before Discord itself started bringing AI directly into the platform.

images

AutoMod AI
Credit: Discord

The first feature coming to some Discord servers as soon as today is AutoMod AI. Discord already has an AutoMod feature, which basically automatically moderates rooms for admins based on the rules of the server. Discord has now integrated OpenAI-powered AI into AutoMod, allowing it to search the server and contact moderators when it thinks rules are possibly being broken. According to Discord, AutoMod AI can also consider the context of a conversation so, for example, users don’t get penalized for posts that are misconstrued.

Clyde is a bot that Discord users may already be familiar with, and starting next week, Clyde is getting an AI upgrade. Currently, the Clyde bot provides information, such as server error messages, and also responds to timeout or ban requests from users and mods. However, that’s pretty much all Clyde was able to do. Until now.

Clyde chatbot

Clyde
Credit: Discord

Clyde will now be able to answer all sorts of questions from users, much like OpenAI’s ChatGPT chatbot. Users simply have to type “@Clyde” followed by their prompt. Clyde will be able to pull up information and also help find specific emojis or GIFs based on a user’s description.

Another AI feature coming to Discord next week is Conversation Summaries. Again, the name is fairly descriptive of what it does. With users all over the world, many Discord channels are always moving regardless of time of day. Conversation Summaries will allow users to catch up on what they missed on a Discover Server. The AI-powered feature will “bundle” chats into topics so users can easily read up on what they find most interesting.

Conversation Summaries

Conversation Summaries
Credit: Discord

Starting today, developers can start playing with Avatar Remix, an open-source Discord app that integrates AI art into the messaging app. Avatar Remix allows users to take a fellow user’s avatar and change it up “using the power of generative image models.” What does that mean? In the demo that Discord showed Mashable, a user was able to add a party hat or a mustache to a friend’s avatar by simply mentioning their username and describing what changes they’d like to make.

Avatar Remix

Avatar Remix
Credit: Discord

The company is also launching an “AI incubator,” offering support for developers creating AI-powered apps on Discord.

Finally, Discord revealed a feature that’s coming soon that has long been requested by the Discord community: a whiteboard. But, of course, this won’t be just any collaborative whiteboard feature. It’s going to be AI-powered, allowing users to collaborate in generating AI art and more.

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