AI startups want to crack open recipe book in Big Food’s test kitchens

In the world of big food, artificial intelligence is nothing new. McCormick, which owns brands including Frank’s RedHot, Cholula and Old Bay, has been using AI in flavor development for nearly a decade, with the company saying its development timelines have been cut by 20% to 25%, on average, by identifying promising flavor combinations and narrowing down which ideas are…

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Investing in AI, health tech

Giorgos Tsetis, cofounder and former CEO of Nutrafol. Courtesy of Great Things A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. After struggling with hair loss in his 20s, Giorgos Tsetis co-founded…

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