Enterprise

Amazon says it’ll spend $230 million on generative AI startups

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Amazon says that it will commit up to $230 million to startups building generative AI-powered applications. The investment, roughly $80 million of which will fund Amazon’s second AWS Generative AI Accelerator program, aims to position AWS as an attractive cloud infrastructure choice for startups developing generative AI models to power their products, apps and services. […]

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Databricks launches LakeFlow to help its customers build their data pipelines

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Since its launch in 2013, Databricks has relied on its ecosystem of partners, such as Fievtran, Rudderstack, and dbt, to provide tools for data preparation and loading. But now, at its annual Data + AI Summit, the company announced LakeFlow, its own data engineering solution that can handle data ingestion, transformation and orchestration and eliminates

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Restate raises $7M for its lightweight workflows-as-code platform

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When one of the co-creators of the popular open-source stream-processing framework Apache Flink launches a new startup, it’s worth paying attention. Stephan Ewen was among the founding team of the open source project back in 2010 and then later became the CTO of Data Artisans, which aimed to monetize Flink. Alibaba then acquired the company

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Cognigy lands cash to grow its contact center automation business

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Philipp Heltewig, who was CIO at marketing firm Sitecore before it was sold to private equity group EQT in 2016, joined forces with Sascha Poggemann and Benjamin Mayr eight years ago to found Cognigy, a customer service automation startup. The impetus was what they perceived as confusion about AI’s capabilities among both consumers and C-suite

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Sources: Wasoko-MaxAB e-commerce merger faces delays amid headwinds in Africa

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Last December, Nairobi’s Wasoko and Cairo-based rival MaxAB — two B2B e-commerce startups that enable retailers to order fast-moving consumer goods (FMCG) from suppliers via their respective apps — announced a planned “merger of equals.” The aim was clear: create better economies of scale in a sector that holds a lot of promise in the

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Bereave wants employers to suck a little less at navigating death

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If death and taxes are inevitable, why are companies so prepared for taxes, but not for death? “I lost both of my parents in college, and it didn’t initially spark this interest to go start a business around my experience,” said Bereave co-founder Elijah Linder. In the immediate aftermath of Linder’s loss, founding a company

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Autonomy’s Mike Lynch acquitted after US fraud trial brought by HP

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Former Autonomy chief executive Mike Lynch issued a statement Thursday following his acquittal of criminal charges, ending a 13-year legal battle with Hewlett-Packard that became one of Silicon Valley’s biggest fraud cases. He was accused of falsely inflating revenues at the UK startup ahead of Autonomy’s $11 billion sale to HP in 2011. Commenting on

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PowerSchool, provider of K-12 education software, to go private in $5.6B deal

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Cloud-based education software vendor PowerSchool is being taken private by investment firm Bain Capital in a $5.6 billion deal. The announcement comes amid a swathe of take-private deals led by private equity firms seeking a bargain on under-performing enterprise software firms. PowerSchool is a web-based platform that helps educational institutions manage operations such as enrolment,

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