funding

OmniAI transforms business data for AI

The majority of companies struggle to extract value from their data. Several years ago, Forrester reported that between 60% and 73% of data belonging to the average business goes unused for analytics. That’s because the data’s siloed or otherwise pigeonholed by technical and security considerations, making it difficult — if not impossible — to apply analytical tools.

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OpenAI buys Rockset to bolster its enterprise AI

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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Genspark is the latest attempt at an AI-powered search engine

Move over, Perplexity. There’s a new AI-powered search engine in town — and its creators think it can best the many, many other attempts out there. Called Genspark, the platform taps generative AI to write custom summaries in response to search queries. Type in a search like, “What’s the best baby formula for newborns?” and

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SurrealDB is helping developers consolidate their databases

Brothers Tobie Morgan Hitchcock and Jaime Hitchcock spent years building cloud-based software-as-a-service (SaaS) systems together, ranging from tools to let golf courses measure “golfer engagement” to online platforms designed to assess job candidates. While the systems they built had wildly different functions, the unifying thread running through all of them was a dependence on databases

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

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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Google acquires Cameyo to bring Windows apps to ChromeOS

Google has acquired Cameyo, a company developing virtualization tools to run Windows apps on ChromeOS devices, for an undisclosed amount. In a blog post, Cameyo CEO Andrew Miller and Google product lead Naveen Viswanatha wrote that the buy will benefit ChromeOS, Google’s lightweight Linux-based operating system, by giving ChromeOS users greater access to Windows apps

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Databricks acquires Tabular to build a common data lakehouse standard

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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Relay raises $32.2 million to help smaller businesses manage their cashflow

Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,”

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