AI Unicorns: ClickUp Brings AI to Productivity Management

According to a recent report, the global productivity management software market was estimated at $59.88 billion in 2023. The industry is estimated to grow at 14.1% CAGR from 2024 through 2030. San Diego-based ClickUp is leveraging AI capabilities to make a big impact in the market.

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AI Unicorns: VAST Data Puts Unstructured Data in a Database

According to a recent report, the AI data management market, which includes companies that provide the ability to store, process, and access data, is expected to grow at 23% CAGR to reach $70.2 billion by 2028. New York-based VAST Data is a strong player in the industry.

Cloud Stocks: Twilio Wants to Embed AI Across All its Offerings

Communication Platform as a Service (CPaaS) player Twilio (NYSE: TWLO) recently announced its third quarter results that outpaced market expectations. The improved outlook and the strong performance helped take the stock 10% higher in the after-hours trading session.

Cloud Stocks: Amazon’s GenAI Grows Triple Digits

Amazon (NASDAQ: AMZN) recently announced its third-quarter results that beat market expectations driven by its growth in its cloud and advertising businesses.

Will Apple’s AI Investments Drive Hardware Sales?

Apple (Nasdaq: AAPL) recently announced its fourth quarter results that continued to outpace market expectations. iPhone sales appear to have made a rebound. Apple is counting on its AI-initiatives to further drive sales of its hardware. But it is early days to see if that strategy will truly pay off.

Cloud Stocks: Microsoft’s AI to Hit $10B ARR

Last week, Microsoft (Nasdaq: MSFT) announced its first quarter results that surpassed market expectations. However, its stock dipped following a weak outlook. 

Meta’s Investment Outlook Keeps Growing

Meta (Nasdaq: META), formerly Facebook, announced its quarterly results last week that outpaced market expectations. But Meta’s plans to continue to increase capex spending during the year, caused its stock to fall 3% in the after-hours trading session.

Cloud Stocks: Analysis of Google’s $2.7B Deal with Character.ai 

Alphabet aka Google (Nasdaq: GOOG) recently reported stronger than expected results for its third quarter driven by the strong momentum in its cloud business.

Cloud Stocks: ServiceNow Expands AI Use Cases

Earlier last week, ServiceNow (NYSE:NOW) reported its third quarter results that continue to surge past market expectations. However, a weak outlook for the coming quarters did not impress the market, and the stock fell 1% in the after-hours trading session.

Cloud Stocks: IBM’s Smaller Granite AI Models Eye Vertical AI

IBM (NYSE: IBM) recently announced results for its third quarter that missed estimates. However, its Software revenue had good momentum driven by its AI business and a sound strategy. Its stock hit an all-time high this week despite the revenue miss.