If your target market has 22 official languages and its people speak in over 19,000 dialects, does it make sense to offer a text-only AI chatbot that can function best in a couple languages? That’s the question Indian AI startup Sarvam has been working to solve, and on Tuesday it launched a series of offerings, […]
Why this AI startup is betting on voice-enabled bots to scale AI adoption in India Read More »
BT, the U.K.’s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly-shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel among other assets, said it would purchase a 24.5% stake currently owned by Altice. Based on
Bharti will become BT’s biggest shareholder after buying a 25%, $4B stake from Altice Read More »
Box announced on Thursday that it had acquired Alphamoon, a small Polish startup that specializes in intelligent document processing, a technology that helps companies extract metadata from dense text documents — think contracts and loan applications — automatically. The companies didn’t share the purchase price, but Box CEO Aaron Levie said the acquisition provides a
Box adds crucial piece to its AI platform with Alphamoon acquisition Read More »
AI companies are gobbling up investor money and securing skyhigh valuations early in their lifecycle. This dynamic has many calling the AI industry a bubble. Nick Frosst, a co-founder of Cohere, which builds custom AI models for enterprise customers, recently said on TechCrunch’s Found podcast that he doesn’t think the AI industry is in a
SoundHound, an AI company that makes voice interface tech used by car companies, restaurants and tech firms, is doubling down on enterprise services by playing consolidator in a crowded market. The company said on Thursday that it is acquiring Amelia AI, which makes an AI agent that businesses can customize for internal or customer use.
SoundHound acquires Amelia AI for $80M after it raised $189M+ Read More »
Rumors first surfaced last month that Google was going after cloud security startup Wiz and a $23 billion offer was on the table, the most lucrative offer ever made for a startup. Before the deal eventually died, there would have been a lot of moving parts, and it’s fair to ask: What are the mechanics
When a big company comes after a hot startup, it’s not a slam dunk decision to sell Read More »
Sri Lanka isn’t renowned for its startup ecosystem, but one company has been something of an outlier in the South Asian island nation these past two decades. An open source enterprise software provider with customers such as Samsung, Axa, and AT&T, WSO2 recently agreed to be acquired by private equity giant EQT, at a valuation
Meet the founder who built and sold a $600M enterprise software startup from Sri Lanka Read More »
Intel announced it would layoff more than 15% of its staff, or 15,000 employees, in a memo to employees on Thursday. The massive headcount is part of a large plan to reduce spending by $10 billion in 2025, following a dismal second quarter earnings report and outlook. “Our revenues have not grown as expected –
Intel to lay off 15,000 employees Read More »
Microsoft has a long and tangled history with OpenAI, having invested a reported $13 billion in the ChatGPT maker as part of a long term partnership. As part of the deal, Microsoft runs OpenAI’s models across its enterprise and consumer products, and is OpenAI’s exclusive cloud provider. However, the tech giant called the startup a
Microsoft now lists OpenAI as a competitor in AI and search Read More »
Google is hosting a version of its Cloud Next conference in Tokyo this week, and it’s putting the focus squarely on tweaking its databases for AI workloads (because at this point in 2024, AI is the only thing these major tech companies want to talk about). These include updates to its Spanner SQL database, which
Google Cloud expands its database portfolio with new AI capabilities Read More »
