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3 ways to break out of AI ‘pilot purgatory’

CIO

Today we worry this phenomenon is playing out with enterprise adoption of generative AI. Generative AI (genAI) arrived on the scene with use cases such as “support chatbots” or “talk to your documentation apps” that were so obviously useful that many companies are well on their way to taking them into production.

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Will enterprises soon keep their best gen AI use cases under wraps?

CIO

The retail industry has no shortage of cases on display where generative AI has shown tangible benefits. They had ChatGPT write the script, and other gen AI tools to create a digital person who reads the script, a scalable process with at least one measurable benefit: speed. And software code is a language.”

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The Week’s 10 Biggest Funding Rounds: xAI Laps Field In Another Slow Week

Crunchbase News

xAI , $6B, artificial intelligence: Elon Musk ’s generative AI startup, xAI, officially announced its long-awaited fundraise — making it the second-most-valuable generative AI company in the world behind only competitor OpenAI. among others. The xAI round had been rumored for months. just earlier this year.

Biotech 100
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Midyear Forecast: Top Trends To Watch In H2 2024 — From Chips To AI Funds

Crunchbase News

Sure, there are some, including two $3 billion deals in Q2: Merck buying privately held biotech EyeBiotech for as much as $3 billion, and Hg buying AuditBoard for more than $3 billion. Of course, what is leading to this renewed investor interest in chipmakers is AI. It’s a good time to be an AI chip developer.

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The Biggest Of The Big: AI Startups Raised Huge — These Were The Largest Deals Of 2023

Crunchbase News

Artificial intelligence was big in 2023 — and that could be the understatement of the year. For a time — especially in the middle of the year — it seemed like nine-figure rounds were being thrown out by investors every week to the latest and greatest AI startup. However, that’s why we’re here. billion in June.

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Eye On AI: OpenAI Goes On A Buying Spree As AI Looks To Open Up M&A, IPO Markets

Crunchbase News

However, just as AI is taking over venture, perhaps it is doing that for the M&A and IPO markets. The creator of ChatGPT first bought search and analytics startup Rockset last week. However, M&A is not the only way to exit, and AI may be looking to help there too. It’s a good time to be an AI chip developer.

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The 10 Biggest Rounds Of May: xAI And CoreWeave Lead Big Month For AI

Crunchbase News

Not surprisingly AI led the way — as it always seems to do — with a trio of a billion-or-more rounds. xAI , $6B, artificial intelligence: Elon Musk ’s generative AI startup, xAI , officially announced its long-awaited fundraise — making it the second-most-valuable generative AI company in the world behind only competitor OpenAI.