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Generative AI: A paradigm shift in enterprise and startup opportunities

CIO

Generative AI (Artificial Intelligence) and its underlying foundation models represent a paradigm shift in innovation, significantly impacting enterprises exploring AI applications. One of the most important of such architectures, the “transformer,” was developed in 2017.

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Countable brings in $12M for virtual brand communities

TechCrunch

Enterprise engagement company Countable raised $12 million in Series A funding so that brands can more easily engage with customers, even in a way that shows a brand’s values and stance on issues. It is also serving as a launchpad for social token community exchange. How engaged are your employees?

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Digital listening reveals 3 leading innovation drivers

CIO

To gain perspective, Iron Mountain sponsored research by Quadrant Strategies, which used digital listening technologies to study public online conversation trends among enterprise decision-makers. It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises.

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Lawsuit claims IBM falsely used mainframe sales to boost AI, cloud businesses

CIO

District Court for the Southern District of New York, and seeks class action status for anyone who purchased IBM shares during the period April 4, 2017, to Oct. Hayden alleges that, while he worked for IBM, the company unlawfully used his proprietary business method — A2E — that he had developed to streamline enterprise sales.

Cloud 246
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Confluent’s IPO brings a high-growth, high-burn SaaS model to the public markets

TechCrunch

As we wrote at the time of Confluent’s $50 million Series C in 2017 , the open-source project was designed to move massive amounts of data at the professional social network: At its core, Kafka is simply a messaging system, created originally at LinkedIn, that’s been designed from the ground up to move massive amounts of data smoothly around the enterprise (..)

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Givz raises $3M in seed funding to make donations a marketing tool for businesses

TechCrunch

Givz was founded in 2017 to make charitable giving more accessible and convenient for the masses. Prior to the funding, Givz had been working with more than 80 enterprise, mid-market and SMB retail and e-commerce clients such as H&M, Tom Brady’s TB12, Seedlip and Terez, and accumulated more than 40,000 individual users.

Marketing 246
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Varo Bank raises another $63M, led by NBA star Russell Westbrook

TechCrunch

Westbrook’s investment came through Russell Westbrook Enterprises , which previously backed social avatar startup Genies. Founded in 2017, Varo Bank competes with a growing number of all-digital banks operating in the U.S., Varo Bank last year raised $241 million in Series D funding.

Banking 237