Negotiable and for obvious reasons changes a lot with the interest rate environment (and other strategic factors).
MARKET TRENDS
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Four AI Startups Secure Funding for Industry Transformation
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* SeeChange Technologies raised £8M to transform global retail
• Birdseye raised $3M for its AI-powered marketing personalization platform
• LegalFly raised €2M to transform legal documents into insights
• Phare Health raised £2.5M to transform healthcare back office -
Pika Labs raises $35M for AI video platform
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@pika_labs raised $35M for their AI video platform. Round led by @mignano and @lightspeedvp.https://t.co/LW4mYODSz8
— Nathan Lands (@NathanLands) 29 novembre 2023@pika_labs raised $35M for their AI video platform. Round led by @mignano and @lightspeedvp
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Why Banks Compete for Deposits: Economic Incentives Explained
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"What is the economic reason this exists?" Marketers gonna market and sales reps gonna sales rep. The bank assumes its people are going out into the economy every day and fighting other banks for deposits. Institutionally, it thinks you're "moving" to it from somewhere else.
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FDIC Updates Concerning 2023 Economic Graph Data
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Oh look the FDIC updated the Most Surprising Graph Of 2023, and the update is not a good one.
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Coatue Management Demands CEO Removal After $500M Valuation
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“Coatue Management called for Chief Executive Officer Emad Mostaque to step down in a letter to management last month, some of the people said. The demand came just a year after Coatue led a funding round that initially valued the startup at $500 million”
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Perplexity Online Models Match GPT-3.5 and Llama2 Performance
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pplx online models can match and even surpass gpt-3.5 and llama2-70b-chat performance on the task of answering questions with web search grounding, based on a curated human eval set of diverse prompts focused on helpfulness, factuality, and freshness.
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Amazon Q Bot Commodifies Generative AI Services
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Amazon’s Q bot is the commodification of AI Amazon has announced a $20-a-month chat bot, Amazon Q, which takes generative AI to where it was always going to go, which is a garden variety service that will be widely available and mostly sold on price rather than capabilities.
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Meta and IBM: Big Tech Stances on Closed AI
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Meta is a Big Tech and definitely not aligned with closed AI.
Same for IBM.