Cloud Stocks: Google Looking to Monetize GenAI

Alphabet aka Google (Nasdaq: GOOG) recently reported a strong first quarter that beat analyst estimates driven by strong and profitable growth in Google Cloud.

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Cloud Stocks: Analysis of IBM’s AI Platform Strategy

IBM (NYSE: IBM) recently announced results for its first quarter and its plans to acquire cloud software maker Hashicorp for $6.4 billion.

Cloud Stocks: Microsoft Sees High Adoption of its AI Platform

Last week, Microsoft (Nasdaq: MSFT) announced its third quarter results that exceeded analyst estimates driven by its AI momentum. However, its weak outlook brought down the momentum in its share price.

Cloud Stocks: Atlassian Expands API Capabilities with Optic

Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its third quarter results that surpassed market expectations. The company’s outlook outpaced market expectations as well, but the news of its co-founder and co-CEO Scott Farquhar stepping down caused some angst in the market.

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.

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.