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The AI funding race continues unabated, even as challenges grow - SiliconANGLE

Mar 01, 2024 - siliconangle.com
The article discusses the continued funding of artificial intelligence (AI) companies, despite growing challenges and uncertainty about when the AI money gusher will arrive. Companies such as Glean have received significant investments, while others like Snowflake, Elastic, and Thoughtworks have missed estimates. The article also highlights the Mobile World Congress in Barcelona, where industry leaders like Michael Dell and Antonio Neri were interviewed. The focus of the event was not just about 5G, but also about the silicon.

In other news, AI startups continue to receive substantial funding, with Glean raising over $200M and Figure raising $675M. However, the AI industry also faces challenges, with Google CEO Sundar Pichai promising to fix inaccurate Gemini responses and Mozilla research revealing that AI-generated content labeling falls short. The article also mentions various enterprise and cloud news, including regulatory watch, earnings, and other news. The article concludes with upcoming enterprise earnings reports from companies like GitLab, Box, CrowdStrike, Couchbase, and HashiCorp.

Key takeaways:

  • Investors continue to pour money into artificial intelligence companies such as Glean, despite it not being clear when the AI money gusher will arrive.
  • Enterprise technology earnings reports were largely positive this week, with a few exceptions such as Snowflake, Elastic and Thoughtworks that missed estimates.
  • Mobile World Congress in Barcelona was not just about 5G, but also about the silicon, with interviews from Michael Dell, HPE CEO Antonio Neri and Broadcom Semiconductor Solutions Group President Charlie Kawwas, among others.
  • AI-powered enterprise search startup Glean raised over $200M at a $2.2B valuation, humanoid AI-driven robotics startup Figure raised $675M at a $2.6B valuation, and other AI startups also raised significant funding.
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