AI Insider’s Post

#DidYouKnow Gen AI acquisitions by #tech companies in first half of 2024 has already surpassed those in all of 2023. One of the key indicators of a #technology maturing and possibility of business success enhancing is acquisitions in the space. The first half of 2024 has already seen more Gen AI startup acquisitions by tech companies than all of CY2023 combined, reflecting a surge in innovation and investment in the space. These strategic acquisitions have been driven by multiple factors- strong business potential, access to IP and products, expanding AI capabilities, enhancing portfolios, and onboarding AI talent. Would you like to explore more about these groundbreaking acquisitions and their impact? Download the latest nasscom Generative AI Tracker 👉 https://lnkd.in/g5CEhUaH #GenAI #Startups #AI #DigitalTransformation #TechTrends #GenerativeAI Sangeeta Gupta | Achyuta Ghosh | Namita Jain | Madhumay . | Ankit Bose | nasscom ai | nasscom deeptech | INDIAai | nasscom member connect | Nirmala Balakrishnan | Khyati Kapoor

Founder Journey Update 🚀 Since our launch, momentum is building rapidly: - We've expanded our talent pool to over 100 AI experts—brilliant minds ready to tackle the most complex challenges. - Client calls have already began taken place, and the interest is escalating. There’s a growing sense of urgency among potential clients to be our first partner. - We’re establishing best practices and systems that will optimize every aspect of our operations, from client engagement to project delivery. It’s been an encouraging start, but the real magic is just beginning. 🌟 Founders of AI startups: If you're looking for top-tier AI talent to accelerate your projects, let's connect. We're ready to bring cutting-edge solutions to your business. 💼 AI Experts: Want to be part of something transformative? Join our growing talent pool and work on exciting projects with industry leaders. The journey has just begun, and there's so much more ahead. Stay tuned, and don’t miss out on what’s coming next. #ai #genai #aistartup #startup #founder

Discover how Loubby AI provides companies with the tools to identify top-notch talent effortlessly. Visit www.loubby.ai to book a demo today. ........................... #loubbyai #africatalent #hrtech #hiring #founders #startup #remotework #artificialintelligence

It was one of those spontaneous events that Matt Coburn and I decided to attend last week. And we found it truly insightful! The event was organized by #Dallas #AI event organizers, where an AI Startup #Investor from #NYC, discussed the trends in AI Entrepreneurship and #Fundraising. One of them was "How to become AI Mature" through the 5-level AI Spectrum. The prediction is that almost every company will need to embrace AI, with the expectation that within the next three years, reaching at least Level 3 will be crucial for survival. Thoughts? Your AI Recruiter - TalentDome Staffing #AI #DallasAI #Entrepreneurship #Venturecapitalfirm #AIinvestor #AIStartup #Innovation #FutureTech #Networking #AIrecruiter #AIstaffing #ITrecruiter #ITstaffing #AIhiring #Dallas #Texas

In tech startup news…🚨 Apple has acquired Canadian startup DarwinAI, marking a significant expansion of its AI division. This strategic move underscores Apple’s dedication to advancing AI technology and its commitment to innovation and growth in the field. According to Bloomberg, this acquisition will not only bolster Apple’s AI capabilities but also add talented staff to its AI division, enhancing its ability to develop cutting-edge solutions and products. What are your thoughts on Apple’s latest move in the AI landscape?

In the age of AI, if you can't hire them, acquire them. As the fight (and cost) for AI talent ramps up, the industry could see an influx of "acquihires," writes Rebecca Torrence and Riddhi Kanetkar. But these deals come with plenty of risks as the market is largely overvalued after funding flooded the space. And beyond just AI, acquihires in general can be a tough fit, Julia Gudish Krieger told me. More on Business Insider: #aistartups #tech #artificialintelligence #startups #deals #acquihires #talent #recruiting

Are we building a revolution, or fueling another tech bubble? AI is booming, with investors pouring billions into startups. But here’s the real question, will this money lead to real change, or are we just inflating valuations? 1. Glean just raised $260 million, doubling its valuation to $4.6 billion. But can this back-to-back fundraising spree really last? 2. Mercor, the AI-powered hiring platform, secured $30 million to "revolutionize" hiring. But how many AI solutions have promised to fix hiring biases, only to fall short? Will this one be any different? 3. Meanwhile, Cohere and Cynomi are raising hundreds of millions. With so much cash flowing in, when will we see tangible results from AI, or is this just another hype cycle? The AI frenzy is undeniable, but are we witnessing real innovation, or just fueling the FOMO machine? #AI #TechBubble #FundingFrenzy #Startups #InnovationOrHype #Mercor #Cohere #Glean #Investors #FOMO #ArtificialIntelligence

The cooling frenzy in the AI startup sector underscores a challenging reality: survival and growth are becoming increasingly tough. Despite raising over $2 billion collectively, companies like Character.AI, Adept AI, and Inflection AI are resorting to pseudo-acquisitions by tech giants. This strategy allows major tech firms to license cutting-edge technology and attract top talent while avoiding regulatory hurdles. It also signals a deeper consolidation of power within big tech in the AI space. Such deals also limit exit opportunities for VC, potentially diminishing prospects for substantial returns.

#fundingalert 💼Company: Armilla AI 💰Funding: $4.5Million ⚡Round: Seed 👥Investors: MS&AD Ventures, SixThirty, Y Combinator Armilla AI founded by Karthik Ramakrishnan (CEO), The money will be used by the business to promote the growth of Armilla GuaranteedTM, a program that provides performance and #quality assurance for AI products. Armilla AI’s goal is to help #businesses properly implement cutting edge AI. The company offers solutions for AI risk minimization and transfer. Leading reinsurers Swiss Re, Greenlight Re, and Chaucer support the company as it evaluates and quantifies the risk level of AI models using industry-leading AI/LLM evaluation technologies to provide AI #verification and guarantees. Read more - https://lnkd.in/g9kbrQJu To share your startup story write us on - contact@startuprise.io #armillaaI #funding #eustartup

𝐔𝐒 𝐒𝐞𝐧𝐚𝐭𝐨𝐫𝐬 𝐜𝐫𝐢𝐭𝐢𝐜𝐢𝐳𝐞 𝐁𝐢𝐠 𝐓𝐞𝐜𝐡'𝐬 𝐩𝐨𝐚𝐜𝐡𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐀𝐈 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬. Tech giants are poaching talent and tech from AI startups to dominate the AI field, avoiding formal acquisitions. Big tech companies are poaching talent and tech from AI startups to avoid antitrust scrutiny. Instead of buying the whole startup, they hire key employees and license the technology. US senators are concerned about this practice and are asking regulators to investigate. Follow for more update - GenXi - AI Updates #US #AIstartup #AI #technology #innovation #AI #newAIupdates #genxi