Lu Zhang’s Post

Perplexity.AI is a shining example of how innovative thinking and strategic investments can pave the way for new technological paradigms. Founded in 2022, Perplexity has captivated the tech world with its generative AI-based search engine, delivering accurate, rich responses via a chatbot-style interface. This innovation isn't just about searching; it's about revolutionizing how we interact with information. 🔥 Future Impact: Perplexity is not just another search engine; it’s a game-changer. By leveraging a variety of Large Language Models (LLMs), it provides responses that are not only accurate but also contextually rich and relevant. Their latest product, Perplexity Enterprise Pro, targets enterprise clients with top-notch security, privacy, and user management features—a testament to their commitment to addressing the needs of the modern enterprise. 💸 Impressive Growth: Recently, Perplexity is raising $250M, valuing the company between $2.5B and $3B. This follows significant funding milestones: $74M in January and $63M in March, skyrocketing their valuation from $121M in April 2023. 🤝 Backed by the Best: With investors like NEA, IVP, Sequoia, Jeff Bezos, NVIDIA, and strategic backers such as Databricks and Deutsche Telekom, Perplexity has a powerhouse of support. The latest funding round, led by Daniel Gross with participation from Stanley Druckenmiller, Garry Tan, and others, speaks volumes about the trust in Perplexity’s vision. #TechInnovation #StartupFunding #FutureOfSearch #PerplexityAI #EnterpriseTech

We came across an intriguing article by CNBC highlighting the 2024 Disruptor 50 companies, and we're excited to share that four out of the top 15 disruptors are part of Axevil Capital's investment portfolio! 🎉 It's fantastic to see Stripe, Databricks, Anthropic, and Scale AI recognized for their significant contributions to the industry. These companies are at the forefront of innovation, driving the future with their cutting-edge technologies. 🌟Stripe: Leading the way in online payments, facilitating over $1 trillion in transactions. 🌟 Databricks: Transforming data and AI solutions with their pioneering platform. 🌟 Anthropic: Advancing AI safety and research to new heights. 🌟 Scale AI: Providing essential AI data solutions to businesses worldwide. We are incredibly proud to support these companies and their missions. Thank you, CNBC, for this insightful recognition. Read the full article: https://lnkd.in/diSYSSdQ

The regulatory spotlight is currently shining on the interactions between major tech giants and emerging #AI startups. Companies like #Amazon, #Google, and #Microsoft are actively forging robust partnerships with the up-and-coming stars of the AI domain, including #OpenAI, #MistralAI, and #StabilityAI. These collaborations sometimes involve financial investments from the tech giants, although this isn’t always the case. Recently, the UK’s Competition and Markets Authority identified 90 such relationships in a comprehensive report. https://lnkd.in/dvycTpVP

Opportunity for business start-ups ahead! See info below to learn how you can integrate modern tech solutions to help grow your organisation 👇

🌍🚀 AI Bridging the Language Barrier 💡 This company focuses on real-time accent adjustment AI🤖 transforming call centers😴 and international business relationships🥱. While that's exciting, I want to focus🔎 on something even more impactful. 🌟 🤔 Think about this: 🌉Bridging Humanitarian Stories Across Borders: We all know that the most captivating stories come from the diverse tapestry of human experiences. But often, language and accent barriers prevent these stories from truly resonating globally. Now, picture an AI that not only breaks down these barriers but allows us to understand these narratives in our linguistic comfort zone. This innovation will be a game-changer in challenging our biases, nurturing global empathy, and connecting us more deeply with our shared humanity. 🤝🌏❤️ I'm hoping that the future isn't just about being technologically advanced and moneymaking; it's about being inclusively human. 💫🙌 #AIInnovation #GlobalEmpathy #HumanStories #TechnologyForGood #InclusiveFuture https://tomato.ai/

🌟 𝐌𝐢𝐬𝐭𝐫𝐚𝐥 𝐀𝐈'𝐬 𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐋𝐞𝐚𝐩 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐈 𝐀𝐫𝐞𝐧𝐚 Paris-based Mistral AI, rivaling giants like OpenAI and Anthropic, is nearing a landmark funding round of $487M, boosting its valuation to $2B. This significant move, initially estimated at $300M, includes a notable $350M equity investment led by Andreessen Horowitz and contributions from General Catalyst, Lightspeed Venture Partners, and Bpifrance. Tech giants NVIDIA and Salesforce are also pitching in with $130M in convertible debt, marking a rapid ascent from Mistral AI's $111M seed round six months ago. This funding surge mirrors the AI industry's dynamism, as competitors like OpenAI and Anthropic also secure hefty investments. For example, OpenAI's $10B deal with Microsoft highlights the sector's growing allure. As Mistral AI gears up with this new capital, the AI landscape is poised for transformative advancements. What impact do you foresee from these massive investments in AI? #MistralAI #AIInvestment #TechGrowth #StartupFunding

In AI there are Unicorns and there are Acorns! Scale AI, a San Francisco-based AI data labeling company, raised $1 billion in new funding at a $14 billion valuation led by Accel. VCs aren't showing any signs of AI fatigue. Details: Participating investors include Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, NVIDIA, Tiger Global Management, Greenoaks, and Wellington Management, Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta. The deal includes primary and secondary financing. The bottom line: "The company's annual recurring revenue — the money paid by businesses for Scale AI's services over extended periods of time — tripled in 2023 to an undisclosed amount and is expected to reach $1.4 billion by the end of 2024, [CEO Alexandr Wang] said." — Sharon Goldman, Fortune

Excellent day spent with Startup Network Europe and Google. It was great to meet so many tech leaders and founders who are doing incredible things in the AI space. Special thanks to Startup Network Europe , especially Adam Fulham, and Google dublin for having me on one of the panel discussions at the main stage. Thanks to William Daniel Leppard for moderating the panel well, asking meaningful questions, and allowing us to share our experiences with everyone present. Alice Mansergh ,Dmitry Gurski , John O'Beirne #wayleadr #ai #genAI #arrivalsolutions #googlecloud #google Wayleadr

🦄The significant valuation increases of #Unicorn #startups in the year came as a result of a surge in interest for #AI and machine learning. Find out more in our latest analysis.

🦄The significant valuation increases of #Unicorn #startups in the year came as a result of a surge in interest for #AI and machine learning. Find out more in our latest analysis.