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Technology Stocks
AI Unicorns: Hugging Face’s Successful Pivot Away from Teenage Chatbot Engine
According to a recent report, the global Machine Learning Operations (MLOps) market is expected to grow at 44% CAGR to reach $13.3 billion by 2030 from $720 million in 2022. MLOps vendors perform activities that range from supporting model training, testing and validation, deployment, automated model validation, and continuous delivery and deployment.
>>>AI Unicorns: Mistral AI Brings Stiff Competition to Other LLMs
In a market where Open AI and Anthropic remain the giants, there is a relatively new entrant in the space, that is causing quite a stir. Paris-based Mistral AI has been building an alternative to the large language models, and it is being rewarded with a significant market valuation.
>>>AI Unicorns: Icertis Gearing up for an IPO
According to a report, the Contract Lifecycle Management (CLM) solution market was estimated to grow at 13% CAGR from $1.33 billion in 2022 to reach $3.5 billion industry by 2030. Bellevue, Washington-based Icertis is a leading player in the market that has been using AI to drive efficiencies in the industry way before AI became the talk of the town.
>>>Analysis of Google’s Character.ai Acquisition
According to a recent report, the global generative AI market is expected to grow 34% annually over the next few years to reach $255.8 billion by 2033 from $13.5 billion in 2023. It is no surprise then that companies big and small are all reaching out to expand their presence in the industry.
>>>AI Unicorns: Cyera Uses LLMs for Data Security
According to a recent research report, the global data-centric security market was pegged at $4.2 billion in 2022 and is expected to grow 24% annually to $12.3 billion by 2027. San Mateo-based Cyera, is a rapidly growing player in the market that recently closed a $300 million funding round that sent it into the Unicorn club.
>>>AI Unicorns: Weka Accelerates AI Model Training
According to a recent research report, the global AI data management market is estimated to grow 23% annually through to 2030. The market was pegged at $25.53 billion in 2023. Campbell, California-based Weka is a fast growing company in the space.
>>>IPOs 2024: U-BX Technology Needs to Work on its Business Model
Earlier this year, Chinese insurance tech solutions provider U-BX Technology (Nasdaq : UBXG) listed in the US. The company has had a disappointing run so far.
>>>IPOs 2024: Waystar Delivers a Successful IPO
Earlier this year, healthcare payments technology provider, Waystar (Nasdaq: WAY) went public to a tepid debut. The market seems to have improved now and the stock has been climbing since.
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