News
New Club Allows You To Invest In Lebanese Startups For Just $50
The close-knit group will allow worldwide financial backers to support vetted, high-potential, home-grown Lebanese businesses.
In spite of its troubled economy, Lebanon is home to a burgeoning tech scene and is rapidly becoming a hub for startups and local talent outsourcing.
However, although the country has plenty of potential to shine on the world stage, so far, financial backers and venture capital firms have been slow to invest.
To that end, the leading online source for all things Lebanon, 961, has decided to take action. The result is a new Investor Club where financial backers can support Lebanese startups, helping to reduce unemployment and ignite the growth of a clean economy.
For as little as $50, investors can be part of a close-knit club that will allow them to back vetted, high-potential, home-grown Lebanese founders.
Here are some of the opportunities that the 961 Investor Club is offering local startups:
- Tech & Digitalization: Innovations that drive digital transformation.
- Solving Day-to-Day Problems: Practical solutions to improve day-to-day life.
- Proven Startups Looking to Grow: Established local companies aiming to scale.
- Companies Looking to Expand Abroad: Businesses preparing to enter new markets.
- Taking Concepts/Franchises Abroad: Growing Lebanese brands globally.
Startups based abroad may be eligible for funding, but they’ll need to pass specific criteria. For example, companies must demonstrate potential for significant growth, maintain and keep a sizable team in Lebanon, and prioritize Lebanese hires wherever possible.
Also Read: Top 10 Best Freelance Platforms In The Middle East
In addition to the ever-popular tech startups, investors will also be able to back local restaurants, food trucks, nightlife venues, retail outlets, and franchises.
Experts will rigorously vet all businesses before they are presented to the 961 Investor Club, and members can choose to invest in whatever opportunities interest them most.
How To Join
Head over to the 961 website and fill out the form to join the club and be part of a private WhatsApp group. Alternatively, if you’re one of the Lebanese startups looking for a funding opportunity for your business, you can apply here.
News
Spotify Will Now Tell You If Your Favorite Artist Isn’t Real
The streaming platform is introducing an “AI Personas” label and cutting AI-generated artist profiles from its recommendations.
These days, the question of whether the artist you’re streaming actually exists is no longer hypothetical. Spotify intends to combat this issue by introducing a label called “AI Personas” for artist profiles that present an AI-generated, human-like identity rather than a real person. More consequentially, it will also keep those profiles out of its editorial and algorithmic recommendations by default.
From mid-September, listeners will start seeing an AI Persona badge on artist profiles, appearing in the banner and About section, in Search, and on track rows across playlists. Tapping the badge reveals whether the artist disclosed the AI identity themselves, or whether Spotify’s review team made the determination after examining the profile.
That distinction matters, because Spotify is not relying on self-disclosure alone. Artists can flag their own profiles as AI Personas through Spotify for Artists as of today, but the platform will also review profiles whose public identity – including name and imagery – appears to represent photorealistic AI-generated identities. The rollout begins with artists who have met defined audience thresholds, so the labels cover the vast majority of profiles listeners actually visit. Artists badged by Spotify’s reviewers will be notified and can self-disclose or appeal, and in the coming months listeners will be able to report suspected AI Personas themselves.
Also Read: Shokz OpenFit Pro Review: Open-Ear Audio Finally Grows Up
The company’s recommendations policy is also being tweaked. Music from AI Personas will not surface in a listener’s personalized recommendations unless, for example, they follow the artist. Spotify says all artists have a creative choice in how they present themselves, but its programming is focused on elevating music from authentic artists building careers in music.
The badge concerns identity, not production of the music itself. An artist who uses AI tools to make music is a separate question, one Spotify addresses through AI Credits and SongDNA. The AI Persona label sits alongside those features, plus Verified by Spotify and Artist Profile Protection, in what the company has made one of its top priorities this year: letting listeners trust that the artist behind the music is who they claim to be.
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