Cloud Stocks: Analysis of Google’s $2.7B Deal with Character.ai 

Alphabet aka Google (Nasdaq: GOOG) recently reported stronger than expected results for its third quarter driven by the strong momentum in its cloud business.

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Cloud Stocks: ServiceNow Expands AI Use Cases

Earlier last week, ServiceNow (NYSE:NOW) reported its third quarter results that continue to surge past market expectations. However, a weak outlook for the coming quarters did not impress the market, and the stock fell 1% in the after-hours trading session.

Cloud Stocks: IBM’s Smaller Granite AI Models Eye Vertical AI

IBM (NYSE: IBM) recently announced results for its third quarter that missed estimates. However, its Software revenue had good momentum driven by its AI business and a sound strategy. Its stock hit an all-time high this week despite the revenue miss.

AI Unicorns: SambaNova’s Chip Competes with NVIDIA

According to a recent report, the global artificial intelligence (AI) chip market size was estimated at $16.86 billion in 2022 and is expected to grow at 30% CAGR to reach $227.48 billion by 2032. While the market leader in the industry remains NVIDIA, there are other players like SambaNova that are playing in both the hardware and the software segment of the rapidly growing AI industry.

AI Unicorns: Hugging Face’s Successful Pivot Away from Teenage Chatbot Engine

According to a recent report, the global Machine Learning Operations (MLOps) market is expected to grow at 44% CAGR to reach $13.3 billion by 2030 from $720 million in 2022. MLOps vendors perform activities that range from supporting model training, testing and validation, deployment, automated model validation, and continuous delivery and deployment.

AI Unicorns: Mistral AI Brings Stiff Competition to Other LLMs

In a market where Open AI and Anthropic remain the giants, there is a relatively new entrant in the space, that is causing quite a stir. Paris-based Mistral AI has been building an alternative to the large language models, and it is being rewarded with a significant market valuation.

AI Unicorns: Icertis Gearing up for an IPO

According to a report, the Contract Lifecycle Management (CLM) solution market was estimated to grow at 13% CAGR from $1.33 billion in 2022 to reach $3.5 billion industry by 2030. Bellevue, Washington-based Icertis is a leading player in the market that has been using AI to drive efficiencies in the industry way before AI became the talk of the town.

Analysis of Google’s Character.ai Acquisition

According to a recent report, the global generative AI market is expected to grow 34% annually over the next few years to reach $255.8 billion by 2033 from $13.5 billion in 2023. It is no surprise then that companies big and small are all reaching out to expand their presence in the industry.

AI Unicorns: Cyera Uses LLMs for Data Security

According to a recent research report, the global data-centric security market was pegged at $4.2 billion in 2022 and is expected to grow 24% annually to $12.3 billion by 2027. San Mateo-based Cyera, is a rapidly growing player in the market that recently closed a $300 million funding round that sent it into the Unicorn club.

AI Unicorns: Weka Accelerates AI Model Training

According to a recent research report, the global AI data management market is estimated to grow 23% annually through to 2030. The market was pegged at $25.53 billion in 2023. Campbell, California-based Weka is a fast growing company in the space.