This AI builds you a business, runs it, and settles payments in USDC

Y Combinator launched Locus Founder on June 13, 2024, an AI platform designed to build and operate businesses based on user prompts. Users can initiate the process by texting a business idea through iMessage, SMS, or Telegram. The AI then handles the subsequent steps, including business creation and financial settlement using USDC, a stablecoin pegged to the US dollar. This service aims to democratize entrepreneurship by significantly lowering the barrier to entry for starting a new venture. Locus Founder's capabilities extend to managing operational aspects of the business, effectively acting as a virtual CEO and operational team. The platform's integration with USDC for payment settlements highlights its focus on leveraging blockchain technology for streamlined financial transactions. Y Combinator, known for its accelerator program that has supported companies like Airbnb and Stripe, is expanding its offerings into AI-driven business creation tools. The platform's design emphasizes ease of use, allowing individuals with innovative ideas but limited technical or operational experience to bring their concepts to life. This initiative represents a significant step towards automating the entrepreneurial process, potentially accelerating the pace of startup formation and innovation.