This Week in Startups

Vertical AI Innovations: Abacus LLM in Finance & Synthesia's Video Avatars | E2112

107 snips
Apr 15, 2025
David Moscatelli, founder of Abacus, specializes in bringing generative AI to the finance sector, focusing on data control and accuracy for banks. Victor Riparbelli, CEO of Synthesia, leads an AI platform transforming corporate documents into engaging videos. They discuss the unique challenges of implementing AI in regulated industries and how on-prem LLMs enhance data management. Additionally, they explore the rise of customizable AI avatars that streamline communication for enterprises and the critical balance of ethics in AI development.
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ANECDOTE

Grease Pencils

  • David Moscatelli worked at a bank that used grease pencils for reconciliations.
  • This anecdote highlights the financial industry's lag in tech adoption.
INSIGHT

Bank Needs

  • Banks need on-prem or secure LLMs, indexed data, accurate answers, and response control.
  • Abacus addresses these needs for regulated industries like banks.
ADVICE

Customer Acquisition

  • Get your foot in the door with potential clients by becoming a customer.
  • Offer a money-back guarantee to build trust and demonstrate product value.
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