Enterprise Weekly #450: The Gemini Era, Executive Briefings, and More
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The AI race continues!
One year after OpenAI’s launch and one week after their dramatic board shakedown, Google announced its biggest bet against OpenAI - Gemini.
As a self-proclaimed “AI first” company who has been behind the AI boom, Google’s new generative AI model claims to “outperform the previous best model,” built exclusively on its own specialized AI chips and tensor processing units.
The tech family of 3 models will be launched in phases over the next year:
Gemini Ultra — the largest and most capable model is geared toward data centers and large companies for highly complex tasks and underpins Bard Advanced, a new chatbot that will be able to simultaneously process text, images, audio, and video
Gemini Pro — a midsize model designed for developers and enterprise customers to handle more complex tasks, and powers Google’s current chatbot, Bard
Gemini Nano — an efficient model for Android developers
The biggest advantage of Gemini is its ability to understand and interact with video and audio through multimodal capabilities built around one multisensory model (for context, ChatGPT has separately trained models for images and voice — DALL-E and Whisper). However, early reviews of the tech aren’t great and its demo is getting flak for being fake.
Speaking of corporate innovation, our team is planning our next slate of 2024 Executive Briefings where we bring together corporate executives to identify key pain points and opportunities in the enterprise, as well as the best startups building solutions in those areas!
➡️ Reach out if you’re a part of a corporate executive team looking to explore the latest and greatest tech offerings.
➡️ Read our recent blog post where Kelley Mak deep dives into our corporate engagement philosophy.
🖥️ Join more events:
12/4: Women in Accounting & Finance: How to Overcome Challenges and Skyrocket Your Career hosted virtually by Leapfin
📚 Read more news:
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INSIDER: Internal Microsoft Email Shows A Shakeup In Charlie Bell's Security Organization
WSJ: Spotify’s Layoff Memo and the Art of Delivering Bad News
📚 Read more (th)reads:
Company: Arthur
Role: Machine Learning Engineer
Technology: AI Monitoring & Explainability
Funding: $60.3M from Work-Bench, Index Ventures, Acrew, Plexo Capital, Homebrew
🌟 Company of the Week 🌟
Respell raises $4.8M led by Craft Ventures
Data / AI / Machine Learning • Seed • San Francisco, CA
Founder: Matthew Rastovac (CEO)
Harriet raises $1.5M led by Concept Ventures
HR Tech • Pre-Seed • London, UK
Velt raises $2.8M led by Spider Capital, Amino Capital, and Others
Collaboration / Productivity • Seed • San Francisco, CA
Enveedo raises $3.2M led by Silverton Partners
Risk / Security • Seed • Miami, FL
Pimento raises $3.2M led by Partech and Cygni Capital
Collaboration / Productivity • Seed • Paris, France
Asato raises $7.5M led by Intel Capital and Lip-Bu Tan
Data / AI / Machine Learning • Seed • Saratoga, CA
Yogi raises $10M led by Blueprint Equity
Sales / Marketing • Series A • New York, NY
Extropic raises $14.1M led by Kindred Ventures
Data / AI / Machine Learning • Seed • San Francisco, CA
Bitdrift raises $15M led by Amplify
Infrastructure / Dev Tools • Series A • San Francisco, CA
Rohirrim raises $15M led by Insight Partners
Data / AI / Machine Learning • Series A • Reston, VA
Rich Data Co. raises $17.5M led by Westpac and nCino
Data / AI / Machine Learning • Series B • Sydney, Australia
EnCharge AI raises $22.6M led by VentureTech Alliance
Data / AI / Machine Learning • Venture • Santa Clara, CA
On raises $25M led by Equiam, B3 Capital and Others
Data / AI / Machine Learning • Venture • San Francisco, CA
Mine raises $30M led by Battery Ventures
Risk / Security • Series B • Tel Aviv, Israel
Keboola raises $32M led by Viking Global
Data / AI / Machine Learning • Series A • Prague, Czech Republic
Liquid AI raises $37.5M led by OSS Capital, Samsung Next and Others
Data / AI / Machine Learning • Seed • Brookline, MA
ArmorCode raises $40M led by HighlandX
Risk / Security • Series B • Palo Alto, CA
Replicate raises $40M led by Andreessen Horowitz
Data / AI / Machine Learning • Series B • San Francisco, CA
MaintainX raises $50M led by Bain Capital Ventures
Future of Work • Series C • San Francisco, CA
VAST Data raises $118M led by Fidelity Management & Research Company
Data / AI / Machine Learning • Series E • New York, NY
CoreWeave raises $642M led by Fidelity
Infrastructure / Dev Tools • Private Equity • Roseland, NJ
Wiz acquires Raftt for ~$50M
Infrastructure / Dev Tools • Acquisition • Tel Aviv, Israel