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3 ways to break out of AI ‘pilot purgatory’

CIO

The biotech company Moderna , for example, is aiming to use ChatGPT Enterprise to “automate nearly every business process” in order to “outpace its plan to roll out 15 new products within the next five years.” No one today looks back fondly on the time their organization spent in “pilot purgatory.”

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

CIO

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. Gen AI helps scientists develop new proteins Another interesting set of use cases can be found, for the time being, in biotech.

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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. The xAI round had been rumored for months. just earlier this year.

Biotech 101
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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

The creator of ChatGPT first bought search and analytics startup Rockset last week. Last week, artificial intelligence chips startup Cerebras Systems reportedly filed confidentially for an initial public offering. However, just as AI is taking over venture, perhaps it is doing that for the M&A and IPO markets.

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The Week’s 10 Biggest Funding Rounds: X-Energy And Seismic Therapeutics Lead Surprisingly Big Week

Crunchbase News

X.AI , $135M, artificial intelligence: You may have heard Elon Musk has an artificial intelligence startup to compete with OpenAI. was announced in July — funded by Musk himself — and released an early version of its ChatGPT competitor, Grok, last month. and Kam Ghaffarian to hit that big total.

Energy 66
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Healthcare And AI Sectors Continue To Lead, While Funding Settles In July 2024

Crunchbase News

Healthcare and AI lead The leading sector for investment was healthcare and biotech companies which raised $6 billion. Funding to AI companies doubled in Q2 — the highest quarter for funding to this sector since the launch of ChatGPT. Biotech and healthcare companies have dominated billion-dollar exits this year.

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Global Funding And M&A Picked Up In Q2, While AI Funding Mushroomed

Crunchbase News

Table of Contents AI boost Half-year update Late-stage funding up Early-stage up Seed stable Uncertain markets Methodology Glossary of funding terms AI boost AI was the leading sector for the first time since the launch of OpenAI ’s ChatGPT , based on an analysis of Crunchbase data.

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