Meta Wants to Keep Investing in AI

Meta (Nasdaq: META), formerly Facebook, announced its quarterly results earlier this week that failed to impress the market. The company’s disappointing outlook coupled with big investment plans for AI sent the stock falling 16% in the afterhours trading session.

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Analysis of Databricks’ Lilac Acquisition

According to a recent report, the Data Science Platforms market is estimated to grow at 77% CAGR to reach $322.9 billion by 2026. Databricks, a leading data analytics solution provider, recently reported its annual revenues that grew more than 50%.

AI Unicorns: H2O.ai Builds Smaller AI Models

The growth in the AI industry has led to the increasing size of the AI models. OpenAI’s ChatGPT and Google’s Bard, for instance, are composed of more than 100 billion parameters. GPT-4 is estimated to be built out of over 1 trillion parameters. However, these large parameters require substantial computing power, have high operating costs, and can perpetuate harmful biases if not carefully monitored. The high resource requirement makes these large AI models inaccessible to smaller players. Mountain View-based H2O.ai is helping democratize AI adoption by working on smaller AI models, some that weigh as little as 1.8 billion parameters.

Is BigML Just Another Small ML Platform Player?

According to a recent report, the machine learning (ML) market is estimated to grow 48% annually through 2027. The industry was pegged at $56.5 billion in 2022. The growth in the market is attributed to the increasing adoption of cloud-based offerings.

AI Unicorns: Clarifai Brings AI to Third Party Developers

New York-based Clarifai was founded in 2013 by Matt Zeiler whose interest in the technology was sparked by a video of a flickering flame that he saw while an undergraduate at the University of Toronto. The movement of that flame was not created by human code, but by a computer that had used video data to determine a pattern.

AI Unicorns: DataRobot Delays Listing Plans

According to a recent report, the global generative AI market size is expected to grow 37% annually through 2030. The industry was estimated at $13 billion in 2023. While AI has become a buzz word more recently, companies like Boston-based DataRobot have been working on AI and ML tools for quite a while.

AI Unicorns: Cohere is Looking to Double its Valuation

According to a report published last year, the generative AI market is expected to grow at 42% CAGR to reach $1.3 trillion in 2032 from $40 billion in 2022. The growth in the industry is expected to be driven by training infrastructure for large language models (LLMs) along with specialized software and services for the industry. The boom in the industry has seen several smaller players making significant investments in the technology. One such player is Cohere.

AI Unicorns: AlphaSense is Making Research Easy

According to a recent research report, the global market research industry is expected to grow 4% this year to $87.7 billion. Researchers expect the industry to grow at the same rate to reach $102.9 billion by 2028. Technology adoption within the industry is expected to continue to drive growth.

Cloud Stocks: Okta Recovers from Data Breach Issues

Corporate identity management software company Okta (NASDAQ: OKTA) recently announced its quarterly results that continued to outpace market expectations. The company’s focus on profitability is paying off as it delivered record non-GAAP profitability and cash flow in the quarter.

Cloud Stocks: Analysis of Zscaler’s Avalor Acquisition

Cloud security provider Zscaler (NASDAQ: ZS) recently reported its quarterly performance that outpaced market expectations. The company is focusing on AI as its growth engine and recently announced an acquisition in the space as well.