Tag: Enterprise

Learn why generative AI like ChatGPT won't replace search engines like Google. Combining search and AI is key to unlocking enterprise knowledge and boosting productivity.

Microsoft launched Azure OpenAI, an AI service for government agencies. This service provides secure and reliable access to GPT-3 and 4, along with embeddings. Despite past security missteps, Microsoft promises government data will remain safe via REST APIs, a Python SDK, or Azure AI Studio. Azure traffic is encrypted with MACsec, with all communication kept within Microsoft's global backbone, providing a safer AI service to government customers.

Palantir Technologies Inc., a big data analytics company, has doubled its share price and boasts a market cap of $30 billion, making it a valuable investment opportunity. With robust revenue and FCF growth, it's capturing attention in the AI space and recently won a $463 million contract with US Special Forces. While continuing to grow its cash flow, Palantir's long-term sustainable growth prospects ensure its undervaluation. Explore why it's worth considering for your portfolio.

Contextual AI raises $20 million in seed funding to develop next generation large language models for enterprises. Their new text-generating AI technology, based on retrieval augmented generation, aims to improve reliability, compliance and governance issues in LLMs. Their focus on accuracy, reliability and traceability targets the enterprise market with a much more integrated solution. RAG technology allows LLMs to develop context-aware responses for specific business applications, with the majority of funding dedicated to product development.

Instabase, a San Francisco-based platform using AI to extract insights from unstructured data, has secured $45m in Series C funding, doubling its valuation to $2bn. Enterprises use the platform to process documents, automate processes and deploy apps. It is used by four of the top five banks in the US. The funding will be used to increase investment in generative AI. It competes with Google, AWS and Azure.