Enterprise

Cohere raises $500M to beat back generative AI rivals

Fundraising /

Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $500 million in new cash from investors including Cisco, AMD and Fujitsu. Bloomberg says that the round, which also had participation from Canadian pension investment manager PSP Investments and Canada’s export credit agency EDC, values Toronto-based Cohere at $5.5 billion. That’s more than double […]

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CrowdStrike’s rivals stand to benefit from its debacle

Enterprise /

The CrowdStrike debacle — a bug in the company’s Windows software that had the disastrous effect of rendering PCs unusable — has disrupted flights, canceled elective medical treatments, and left many an office worker twiddling their thumbs for hours. Unsurprisingly, it’s also tanked CrowdStrike’s stock price, even as the company’s CEO, George Kurtz, promises a

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CrowdStrike’s rivals stand to benefit from its update fail debacle

Enterprise /

The CrowdStrike debacle — a bug in the company’s Windows software that had the disastrous effect of rendering PCs unusable — has disrupted flights, canceled elective medical treatments, and left many an office worker twiddling their thumbs for hours. Unsurprisingly, it’s also tanked CrowdStrike’s stock price, even as the company’s CEO, George Kurtz, promises a

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OpenAI Startup Fund backs AI healthcare venture with Arianna Huffington

Fundraising /

Huffington Post founder Arianna Huffington and OpenAI CEO Sam Altman are throwing their weight behind a new venture, Thrive AI Health, that aims to build AI-powered assistant tech to promote healthier lifestyles. Backed by Huffington’s mental wellness firm Thrive Global and the OpenAI Startup Fund, the early-stage venture fund closely associated with OpenAI, Thrive AI

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OpenAI buys Rockset to bolster its enterprise AI

Fundraising /

OpenAI has acquired a company, Rockset, building tools to drive real-time search and data analytics. In a post on its official blog, OpenAI said that it would integrate Rockset’s technology to “power [its] infrastructure across products.” Members of Rockset’s team will join OpenAI, and Rockset’s existing customers will be transitioned off of Rockset’s platform “gradually.”

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Mistral launches new services, SDK to let customers fine-tune its models

AI /

French AI startup Mistral is introducing new AI model customization options, including paid plans, to let developers — and enterprises — fine-tune its generative models for particular use cases. The first is self-service. Mistral has released a software development kit (SDK), Mistral-Finetune, for fine-tuning its models on workstations, servers and small datacenter nodes. In the

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Databricks acquires Tabular to build a common data lakehouse standard

Enterprise /

Databricks, the analytics and AI giant, has acquired data management company Tabular for an undisclosed sum. (CNBC reports that Databricks payed over $1 billion.) According to Tabular co-founder Ryan Blue, he and Tabular’s other two co-founders, Daniel Weeks and Jason Reid, will be joining Databricks in some capacity. There, they’ll work to unify Tabular’s and

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Sagetap looks to bring enterprise software sales into the 21st century

Fundraising /

When the founders of Sagetap, Sahil Khanna and Kevin Hughes, started working at early-stage enterprise software startups, they were surprised to find that the companies they worked at were trying to sell their innovative tech through old-school methods like repeated cold emails and calls. Khanna, a former product marketer, and Hughes, a former sales manager,

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