Yet, we knew that entrepreneurs were out there, working to build a new path forward and we hoped to accelerate that development. We are seeing the building blocks to a better internet emerge: decentralization, privacy-preserving tech (and a bit of privacy regulation), advancements in machine learning (particularly NLU) are all key elements. So are shifting norms, and widespread awareness that social media just isn’t working for society as intended.
And we have hundreds of other reasons to be optimistic! Hundreds of start-ups applied to participate in Betalab, covering a broad range of solutions: novel approaches to de-biasing news, combatting disinformation, rethinking the incentive models for social media, reconsidering data usage and ownership, and putting more power into the hands of creators (aka the Creator Economy). We mapped the landscape toward the end of last year, including our first Betalab investment cohort made up of Synthetaic, Nth Party, International Persuasion Machines and Savepoint.Danika Laszuk, General Manager, Betaworks Camp. Exploring how consumers interact with new technology.
We are very excited to be a part of the Betalab family as we collectively fix the internet!