LeadStory ASK answers user queries with highest-quality broadcast news clips as answers, addressing growing user concerns with AI hallucinations and out-of-date responses
LeadStory, the on-demand personalized news streaming platform redefining how news is consumed, today announced $2.75M in Seed funding along with the launch of its revolutionary AI video search functionality.
The round was led by Checker Media, founded by former VICE Media Global President Jesse Angelo and also included American Public Media Group’s Horizon Fund, along with follow-on investment from their pre-Seed investors, CP Ventures. This latest funding will enable the rollout of its AI functionality and expand on its now 10 million strong, global audience.
“The era of AI-powered search is here – but when it comes to video News, the results from the existing platforms are woeful,” said Jesse Angelo, CEO of Checker Media. “LeadStory has solved a critical and growing problem in the ecosystem by quickly getting people accurate answers from trusted sources.”
As AI becomes an integral part of people’s daily lives, persistent hallucinations—especially when it comes to news delivery—have been a hallmark of the current generation of models. According to the BBC, 51% of Gen-AI news-related outputs have “significant issues.” LeadStory is setting out to change that, replacing text-responses with licensed video from the world’s premier news brands to answer user questions.
“This solves the hallucination problem AI has been unable to fix when it comes to news answers,” said Cam Price, CEO and co-founder of LeadStory, a former television journalist. “Delivering the exact point in a broadcast news story to answer a user’s question means the response will always be from fact-checked, verified news sources ensuring users can trust the answer is real and not an AI hallucination”.
“We’re right at the start of a user-led movement to voice-activated, AI search. When it comes to surfacing video, we’re only getting started on what is possible with AI,” added LeadStory co-founder, former UpGuard software engineer Cheyne Wallace.
LeadStory leverages content partnerships with many of the world’s top media outlets, including CBS, CNBC, Reuters, and Euronews, to power its AI functionality.
LeadStory continues to solidify its position as the emerging AI-driven news platform and is already experiencing another high-growth year. The company’s popular FAST channels are available in a dozen markets on Samsung TV Plus and in North America on VIZIO. Earlier this year LeadStory was selected by Mercedes-Benz to power their in-car video news experience, the first step in their growing automotive business.
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