LeadStory Secures $2.75 Million to Enhance AI Video Search
LeadStory Secures $2.75 Million to Enhance AI Video Search
LeadStory is transforming the way we access news through its innovative platform that tailors content to individual preferences. With a recent raise of $2.75 million in Seed funding, the company is advancing its game-changing AI video search capability, providing users with high-quality answers drawn from reputable broadcast news clips.
The funding round saw participation from notable investors, including Checker Media, known for its leadership under former VICE Media Global President Jesse Angelo. The investment will enable LeadStory to roll out its advanced AI functionality, catering to its expanding user base, which now exceeds 10 million worldwide.
"We're ushering in an era where AI is paramount in how searches for video news are conducted, but many current platforms fall short," said Jesse Angelo. He highlighted how LeadStory is effectively addressing a crucial issue in the media landscape by sourcing accurate information quickly. This is particularly vital amidst growing concerns over misinformation and AI-generated errors.
As artificial intelligence becomes deeply ingrained in our daily routines, issues such as inaccuracies, commonly referred to as AI hallucinations, have become increasingly problematic, especially in the context of news delivery. Research indicates that a significant number of AI-generated news outputs present serious inconsistencies that can mislead users.
LeadStory aims to combat this by utilizing licensed video content from leading global news organizations, ensuring that users receive credible and reliable information. Co-founder Cam Price emphasized the importance of delivering precise segments of broadcast news instead of vague text answers. This model guarantees that users can trust the responses provided, eliminating the risks associated with AI misinformation.
Cam Price, a seasoned television journalist, noted, "This solution effectively mitigates the hallucination issue that has plagued AI in providing news answers." By focusing on content from verifiable and fact-checked sources, LeadStory ensures a trustworthy experience for its users. The potential for voice-activated AI searches is just beginning, and LeadStory is poised to lead this revolution.
LeadStory is also strengthening its presence across various platforms, with their FAST (Free Ad Supported TV) channels available on major networks, further extending their reach into the news consumption market. Earlier this year, the platform was selected by a major automotive company to enhance in-car news experiences, marking the beginning of a robust development phase in their automotive sector.
The partnership with top media outlets such as CBS, CNBC, and Reuters enables LeadStory to provide a diverse range of news content, tailored specifically to user demands. By focusing on personalization and reliability, LeadStory is paving the way for new standards in news delivery and engagement.
About LeadStory
LeadStory is an innovative news streaming platform powered by AI, offering on-demand video news tailored to the individual viewer. By collaborating with trusted publishers, LeadStory ensures that users access up-to-date and multi-sourced news while maintaining control over their viewing experience. Founded in 2021 by former journalist Cam Price and tech expert Cheyne Wallace, LeadStory is redefining news interaction, aiming for a personalized and trustworthy approach in a rapidly evolving media landscape.
About Checker Media
Checker Media operates at the convergence of entertainment, news, and artificial intelligence. They are dedicated to empowering creators and media organizations, supporting them in harnessing the vast opportunities presented by the ongoing AI revolution.
Frequently Asked Questions
What funding amount did LeadStory raise?
LeadStory raised $2.75 million in Seed funding to further develop its AI video search technology.
How does LeadStory's AI video search work?
LeadStory's AI video search provides high-quality video clips from trusted news sources to answer user queries accurately, tackling misinformation issues.
Who are the investors in LeadStory?
The Seed funding round was led by Checker Media and included contributions from other notable investors such as American Public Media Group's Horizon Fund.
What are LeadStory's partnerships?
LeadStory collaborates with leading media outlets, including CBS, CNBC, and Reuters, to deliver a diverse range of reliable news content.
What is the mission of LeadStory?
LeadStory aims to personalize news consumption by providing trustworthy, AI-enhanced video news that meets user preferences and controls the viewing experience.
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