Tag: Revenue Growth

Leading travel service provider, Trip.com, reports a remarkable revenue growth of 124% in Q1 2021, driven by China's post-pandemic recovery of both domestic and international travel. CEO Jane Sun announced the launch of a generative AI plug-in last May to streamline travel planning and booking processes. With eased travel restrictions and increased vaccination campaigns, Trip.com's success signals a promising outlook for the travel industry and creates new opportunities for the company.

Paris-based startup Pigment secures $88 million in funding with participation from existing investors. The company offers a modern business planning platform designed to rival Excel and major enterprise software brands. Pigment differs from Excel by seamlessly integrating with other enterprise software and data sources for real-time, synchronized insights. Its impressive 600% growth in 2022, and high-profile client list including Mozilla and Klarna, demonstrate the power and appeal of this tool for finance, sales, and HR teams everywhere.

B2B startup Finch secures $3.5m in a fresh funding round led by Intuit Ventures, as it becomes the go-to source for unified APIs for businesses. The company is growing its customer base with its secure API that integrates directory, payroll, and benefits data across 200 systems. Finch connects 10,000 US employers and has seen its revenue shoot up by 12 times.

Chinese start-up Mobvoi is capitalizing on the popularity of generative AI technology in China, with its Xuliehouzi model boasting tens of billions of parameters, competing with OpenAI's 175 billion parameter GPT-3. The company has applied its technology to various products, including smartwatches, wireless earphones, and an AI voice dub assistant. Mobvoi is submitting its IPO plan to the Hong Kong stock exchange, aiming to raise up to US$300 million.

Generative AI market is projected to reach $1.3tn by 2032 due to customer-driven AI tools like ChatGPT & Bard. Nvidia, Amazon, and Microsoft are set to benefit.