I worked w @SarithaRai on this latest piece for @BW about the Wild West of AI agents like Auto-GPT. (spoiler: I couldn’t get an AI agent to come up w a good plan to make a cool $1M over 10 yrs w an initial $100 investment but I’m still very curious to see where this all goes.)
INVESTMENT
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VRAGE3: The Future Investment in AI Technology
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SE is in VRAGE2. VRAGE3 is our investment into the future
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Pinecone targets double-digit millions ARR by end 2026
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(To clarify, double-digit millions in ARR by the *end of the year* for Pinecone)
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Pinecone exceeds $2-3M ARR after $100M funding round
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Earlier this year Pinecone raised $100 million at a $750 million valuation. My understanding was their ARR was in the $2-3m range, but it's already exceeded that since the round was announced. Their target is in the double-digit millions in ARR now.
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Business Leaders Recognize AI and LLM Risks
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Artificial Intelligence: Business leaders start to realise the risks ChatGPT and other large language models can rewrite value, and business leaders now realise they need a plan https://
computerweekly.com/news/366536394
/Artificial-intelligence-Business-leaders-start-to-realise-the-risks
… #AI @mvollmer1 @JAdP @gvalan @Shi4Tech @Damien_CABADI @enilev @FmFrancois -
Autonomize AI Secures $4M Funding for Healthcare AI Solutions
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LFG world! In case you missed this yesterday, pretty pumped about the possibilities! https://
businesswire.com/news/home/2023
0502005477/en/Autonomize-AI-Secures-4M-to-Help-Healthcare-and-Life-Sciences-Companies-Drive-Down-Costs-with-Trusted-AI
… @AutonomizeAI #Autonomize -
Jimmy Di Wins Vector Institute AI Scholarship for Master’s
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Congrats to Jimmy Di on winning the @VectorInst Scholarship in AI! He was my @UWCheritonCS URA, and will be staying for his Master's. He's done great work so far on new poisoning threats caused by machine unlearning (
https://
x.com/thegautamkamat
h/status/1613868130371264513
…), I can't wait to work with him more! -
Cohere Generative AI Startup Valued at $2 Billion
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Generative A.I. Start-Up Cohere Valued at About $2 Billion in Funding Round:
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AMD Data Center Sales Slowdown Impacts Semiconductor Market
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Advanced Micro Devices falls: data center sales take a breather This follows huge server-chip sales in 2022 https://
thetechnologyletter.com/the-posts/adva
nced-micro-devices-falls-data-center-sales-take-a-breather
… $AMD $INTC $NVDA #investing #stocks #semiconductors #datacenter #artificialintelligence -
Replit Raises $97.4M Series B Extension at $1.16B
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8/ Replit Series B Extension $97.4M at a $1.16B valuation.