Metropolis's acquisition of Oosto for $125 million reflects the declining valuations in the AI sector, with Oosto's worth dropping sharply from its previous highs.
Oosto, previously known as AnyVision, has faced a tumultuous reputation due to its controversial surveillance technology, which impacted its investor relationships and market positioning.
Despite raising $235 million in 2021, Oosto's efforts to rebrand and pivot towards ethical AI haven’t entirely shielded it from the consequences of its past.
The ongoing saga of Oosto highlights the challenges AI startups face in navigating public perception and maintaining investor support in a dynamic market.
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