Perplexity AI reportedly closed a $500 million funding round earlier this month. The round tripled the artificial intelligence (AI) startup’s valuation to $9 billion, Bloomberg reported Wednesday (Dec. 18), citing an unnamed source. Reached by PYMNTS, Perplexity declined to comment on the report. The company’s backers include SoftBank, Nvidia...
The latest artificial intelligence models are delivering mixed signals about the technology’s pace of advancement, with some showing dramatic leaps forward while others hit unexpected roadblocks. The complex picture emerges at a crucial moment for businesses navigating AI investment decisions, as researchers debate whether recent...
Databricks has announced a Series J funding round in which it is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion so far. The funding values the data and artificial intelligence (AI) company at $62 billion, Databricks said in a Tuesday (Dec. 17) press release....
Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds. The final number could still go up before the round is finalized next week, Reuters reported Friday (Dec. 13), citing unnamed...
November 29, 2024
Chief operating officers (COOs) at large firms with more than $1 billion in revenue are turning to generative artificial intelligence (GenAI) for complex tasks like production management and cybersecurity. According to a PYMNTS Intelligence report, “COOs Find the Key for a Positive ROI on GenAI: Customization,” COOs are customizing GenAI to maximize its impact. With […]
July 11, 2024
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments,...
December 20, 2024
Boon announced $20.5 million in combined seed and Series A funding to build an artificial intelligence (AI) platform for commercial fleets. “With $20.5M raised, we are expanding capabilities to deliver new features, optimizing for current clients, and building out our engineering and go-to-market teams,” Boon said in a blog post. “Over the next 18 months, we […]
December 18, 2024
Perplexity AI reportedly closed a $500 million funding round earlier this month. The round tripled the artificial intelligence (AI) startup’s valuation to $9 billion, Bloomberg reported Wednesday (Dec. 18), citing an unnamed...
December 17, 2024
Databricks has announced a Series J funding round in which it is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion so far. The funding values the data and...
December 13, 2024
Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds. The final number could still...
