Enterprise Weekly #462: AI Woodstock, LLM Revenue, and More
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Woodstock. Woodstock ‘99. Now, AI Woodstock. No, Jimi Hendrix’ ghost wasn’t there, but Sam Altman was.
This week, Nvidia’s annual GPU Technology Conference gained more attention than ever following the company's soaring revenue and stock performance last quarter, gaining them a seat at the $2T market cap club.
Who joined? ~11,000 people descended on San Jose, California. While these are usually designed as customer events, Nvidia hosted the top minds in AI as well as big banks, energy companies, auto manufacturers, and others all looking to attach their name to the biggest innovations in AI and attract AI talent – whether they’re Nvidia customers or not.
The hot news? While plenty of new products were revealed, the centerpiece of the conference was the introduction of “Blackwell,” their next-generation GPU, which is made up of 208 billion transistors.
Who cares? Apparently…everyone. Jensen Huang, Nvidia’s CEO, painted a vision of AI turbocharging computing power, leading to a boom in robotics, autonomous transport, retail and aiding in some of the world’s biggest challenges, including drug discovery, healthcare, climate science and the green transition. According to Huang, Blackwell will be “the engine to power this new industrial revolution” and can better handle AI models and queries more quickly than its predecessors.
Despite this grand vision for the future of AI, our big question is rooted in reality - how does any of this change enterprise buyers’ appetite? So far buyers have consistently called for future growth in AI budgets. But when will the chicken come home to roost?
🖥️ Join more events:
Monday, March 25: Women In Accounting & Finance: How To Be a Tech-Savvy Leader and Why It Matters hosted by Leapfin
📚 Read more news:
TechCrunch: Late-Stage VCs May Be Preventing Their Startups From Going Public In 2024
WSJ: Cisco Closes $28B Acquisition of Splunk, Betting Big on AI
WSJ: Tech Job Seekers Without AI Skills Face a New Reality: Lower Salaries and Fewer Roles
📚 Read more (th)reads:
Company: Authzed
Role: Site Reliability Engineer
Technology: Managed Permissions Database
Funding: $3.9M from Work-Bench, Amplify Partners, Y Combinator
🌟 Company of the Week 🌟
Mermaid Chart raises $7.5M led by OCV, M12, and Others
Collaboration / Productivity • Seed • San Francisco, CA
Founder: Andrew Firestone (CEO), Knut Sveidqvist (CTO)
Mobly raises $2.5M led by Peterson Ventures
Sales / Marketing • Seed • Lehi, UT
PuppyGraph raises $2.5M led by Eastlink Capital
Data / Machine Learning / AI • Seed • Santa Clara, CA
Quilt raises $2.5M led by Sequoia Capital
Sales / Marketing • Seed • San Francisco, CA
IO River raises $5.4M led by S Capital
Data / Machine Learning / AI • Seed • Tel Aviv, Israel
Euno raises $6.3M led by 10D
Data / AI / Machine Learning • Seed • Sunnyvale, CA
Superlinked raises $9.5M led by Index Ventures
Data / AI / Machine Learning • Seed • San Francisco, CA
BlueFlag Security raises $11.5M led by Maverick Ventures and Ten Eleven Ventures
Risk / Security • Seed • Sunnyvale, CA
NeuReality raises $20M led by European Innovation Council Fund, Varana Capital, and Others
Data / AI / Machine Learning • Venture • Tel Aviv, Israel
CyberSaint raises $21M led by Riverside Acceleration Capital
Risk / Security • Series A • Boston, MA
Borderless AI raises $27M led by Susquehanna and Aglaé Ventures
HR Tech • Seed • Toronto, Canada
TigerEye raises $35M led by Next47, Initialized Capital, and Others
Sales / Marketing • Venture • San Francisco, CA
BigID raises $60M led by Riverwood Capital
Risk / Security • Venture • New York, NY
Foundry raises $80M led by Lightspeed and Sequoia Capital
Data / AI / Machine Learning • Seed • Palo Alto, CA
Francisco Partners acquires Jama Software for $1.2B
Future of Work • Acquisition • Portland, OR
Databricks acquires Lilac for an Undisclosed Amount
Data / AI / Machine Learning • Acquisition • Boston, MA