Venture funding in AI healthcare and biotech is rebounding in 2024, with $6.7 billion raised so far, following a dip to $4.8 billion in 2023. Dimension Capital launched a new $500 million fund aimed at AI-driven startups. Key investments include Xaira Therapeutics’ $1 billion round and Abridge’s $150 million Series C. The excitement surrounding AI’s … Read more
Investors looking to capitalize on the AI boom should consider Advanced Micro Devices (AMD) and Palantir Technologies (PLTR). AMD is swiftly capturing market share in the AI chip sector, expecting significant growth in revenue, while Palantir excels in providing data analytics solutions that empower companies to harness AI effectively. Both companies are well-positioned for remarkable … Read more
Nvidia and Uber are investing in Serve Robotics, an AI-driven company focused on autonomous delivery solutions. With over 20% ownership and a plan to deploy 2,000 robots, they aim to revolutionize last-mile logistics despite Serve’s financial challenges. The company envisions reduced delivery costs and high efficiency, targeting a booming market expected to reach $450 billion … Read more
As 2024 concludes, SoundHound AI has experienced a staggering 578% stock increase amidst a booming S&P 500 market, primarily driven by advancements in artificial intelligence. The company’s voice recognition technology is enhancing customer interactions in fast-food and automotive industries, reflecting significant efficiencies. Despite impressive revenue growth, concerns persist over valuation and profitability, urging potential investors … Read more
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The AI in Security market is projected to witness exceptional growth, increasing from $22.7 billion in 2023 to $62.13 billion by 2028, reflecting a CAGR of 22.3%. This growth is propelled by rising cybersecurity threats, increased cloud adoption, and the integration of AI-driven solutions into security practices. Key trends include advancements in machine learning and … Read more
OpenAI’s ChatGPT turns two amidst concerns that only tech giants reap its benefits, highlighting an unsettling trend of wealth concentration among top firms. The S&P 500 has surged, led by gains from major players like Nvidia and Microsoft. Meanwhile, customization of generative AI is becoming crucial for companies looking to maximize investment returns, according to … Read more
AWS and Anthropic are developing “Project Rainier,” a supercomputer that will be five times larger and more powerful than Anthropic’s current setup. This initiative will utilize hundreds of thousands of Trainium2 chips for AI model training, offering unprecedented performance and efficiency. Following significant investments from Amazon, this partnership aims to revolutionize AI technology, providing robust … Read more
The AI in asset management market is experiencing robust growth, projected to expand from $3.28 billion in 2023 to $4.27 billion in 2024, with a forecasted reach of $12.34 billion by 2028. Major drivers include advancements in AI technologies, cloud adoption, and the need for sophisticated investment strategies. Key trends involve the rise of AI-driven … Read more
The Artificial Intelligence in HR market is projected to grow significantly, from $5.28 billion in 2023 to $6.18 billion in 2024, culminating in $11.63 billion by 2028. Key drivers include automation in HR operations and a focus on employee wellbeing and engagement. The Artificial Intelligence in HR market is undergoing a transformation, expected to burgeon … Read more