PYMNTS-MonitorEdge-May-2024

AI investments

AI Startups Gain Traction Tackling Software, eCommerce and Healthcare
AI Startups Gain Traction Tackling Software, eCommerce and Healthcare
August 15, 2024  |  Earnings

Artificial intelligence (AI) is making its mark on the business world, with several tech companies reporting growth in retail and healthcare sectors. These firms are...

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AI Firms’ Big Tech Deals Leave VC Investors in the Cold
AI Firms’ Big Tech Deals Leave VC Investors in the Cold
August 14, 2024  |  artificial intelligence

This year has seen three fledgling AI firms swallowed up by Big Tech companies. As the Financial Times (FT) notes in a report Wednesday (Aug. 14), it...

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Report: AI Startup Glean in Talks to Raise $250 Million
Report: AI Startup Glean in Talks to Raise $250 Million
August 08, 2024  |  Investments

Artificial intelligence (AI) startup Glean is reportedly in advanced discussions to raise $250 million in financing. The deal would value the company at $4.5 billion, a figure...

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Groq Raises $640 Million to Scale AI Inference Platform’s Capacity
Groq Raises $640 Million to Scale AI Inference Platform’s Capacity
August 05, 2024  |  Investments

Groq has raised $640 million in a Series D funding round to scale the capacity of its vertically integrated artificial intelligence (AI) inference platform. The...

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Investors Increasingly Skeptical That AI Opportunities Outweigh High Costs
Investors Increasingly Skeptical That AI Opportunities Outweigh High Costs
August 02, 2024  |  Investments

Big Tech companies’ efforts around artificial intelligence (AI) are reportedly getting a largely negative reception on Wall Street. In the days since their most recent earnings reports, Amazon, Microsoft...

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AI Surge Reshapes Tech Landscape With Big Wins and Growing Pains
AI Surge Reshapes Tech Landscape With Big Wins and Growing Pains
July 25, 2024  |  artificial intelligence

As artificial intelligence (AI) takes center stage, tech giants and startups alike are reaping rewards while grappling with new challenges. From Google’s cloud boom and...

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Fei-Fei Li’s Mysterious AI Startup World Labs Achieves Unicorn Status in Record Time
Fei-Fei Li’s Mysterious AI Startup World Labs Achieves Unicorn Status in Record Time
July 25, 2024  |  artificial intelligence

In Silicon Valley, where innovation is the currency of choice, one startup is making waves with unprecedented speed. World Labs, the brainchild of AI pioneer...

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Lakera Raises $20 Million to Provide Security for GenAI Applications
Lakera Raises $20 Million to Provide Security for GenAI Applications
July 24, 2024  |  Investments

Lakera has raised $20 million in a Series A funding round to expand its offerings in the real-time generative artificial intelligence (AI) applications security category....

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Anthropic and Menlo Ventures Launch $100 Million AI Startup Fund
Anthropic and Menlo Ventures Launch $100 Million AI Startup Fund
July 17, 2024  |  artificial intelligence

Anthropic and Menlo Ventures have launched a $100 million fund for artificial intelligence (AI) startups. “We created this fund to fuel the next generation of...

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