Next Unicorns: Preventing future fraud using AI with Sardine CEO Soups Ranjan | E1802
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 5 September 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
LinkSquares. Life for in-house legal just got a whole lot easier. From contract creation to execution and more, LinkSquares is the go-to for all your legal needs. Learn more at https://linksquares.com/twist
LinkedIn Marketing. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to https://LinkedIn.com/nextunicorn
Roots. Invest in the only real estate investment trust that creates wealth for you and its residents at https://investwithroots.com/twist
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Today’s show:
Sardine CEO and Co-Founder Soups Ranjan joins Jason to discuss the potential harms of generative AI re: fraud (9:53), the value of intrinsic AI (29:48), Sardine's fraud-prevention solution (26:02), and much more!
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Time stamps:
(0:00) Sardine CEO Soups Ranjan joins Jason
(6:11) What Soups learned from his time as Coinbase’s director of risk management and data science
(8:36) LinkSquares - The go-to for all your legal needs. Learn more at https://linksquares.com/twist
(9:53) Fraud in finance and spotting bad actors
(15:03) “Pig Butchering” scams and Kitboga’s crackdown
(24:35) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/nextunicorn
(26:02) Using machine learning to prevent future fraud
(29:48) Extrinsic AI vs. intrinsic AI and doomsday scenarios
(33:53) What sets Sardine apart from other companies
(35:19) Roots - Head to https://investwithroots.com/TWIST to sign up and start investing today!
(36:53) Overlap in techniques, actors, etc. in fraud protection
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Check out Sardine: https://www.sardine.ai/
FOLLOW Soups: https://twitter.com/soupsranjan
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Transcript
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| 0:00.0 | So fraudsters, you know, as they use AIV are using AI as well, so be think that the future of |
| 0:07.1 | identity verification online is actually a battle of bots, extrinsic AI versus intrinsic. |
| 0:12.3 | This week in startups is brought to you by Link Squares. Life for in-house legal just got a whole lot |
| 0:19.5 | easier. From contract creation to execution and more, Link Squares is the go-to for all your legal |
| 0:27.7 | needs. Learn more at linksquares.com-slash-whist. Link-din marketing. To redeem a free $100 |
| 0:36.8 | Link-din ad credit and launch your first campaign, go to link-din.com-slash-next-unicorn and |
| 0:44.6 | Roots. Invest in the only real estate investment trust that creates wealth for you and its |
| 0:51.2 | residents at investwithroots.com-slash-whist. Hey everybody, welcome back to this week in startups. |
| 0:59.3 | It's our next unicorn series. If you don't know about the unicorn series, go to thisweekandstartups.com-slash-unicorns. |
| 1:05.4 | And what you'll find is all the companies that we have on when they're growing fast and they figured |
| 1:10.3 | something out and they got product market fit. They have a pretty good eye and a pretty good |
| 1:13.7 | track record for figuring out when those companies are going to get to that coveted unicorn status, |
| 1:18.8 | which means absolutely nothing. All that matters is your customers, but hey, we use this to |
| 1:23.7 | our unicorn. It's good branding. Everybody loves it. It's a milestone. But you know, typically when |
| 1:29.6 | a company hits that unicorn status, it's because you're doing something very important in the world. |
| 1:34.0 | Now, AI, it's empowering people. We know that every day, every week, especially on Mondays with |
| 1:39.6 | Sundeepe on this show, we look at all the progress being made and it is extraordinary. But there's |
| 1:45.4 | going to be downsides to every technology. Look at the smartphone. Everybody gets a smartphone. |
| 1:49.6 | Now nobody's sleeping. Oh, kids have anxiety eating disorders. And so as a technologist, |
| 1:54.6 | as somebody who is a capital allocator in technology or somebody just covering technology, I'm well |
| 1:59.0 | three actually, you really need to be aware of the downsides. Nothing's free in this world. You |
| 2:04.8 | want to put in nuclear power. You get the downside of nuclear weapons or a nuclear power plant |
... |
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