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Global AI deal volumes surged to 1,245 in Q3 2024, marking a 24% year-over-year growth, despite a 29% decline in funding from $1B+ rounds. U.S. startups led with $11.4B across 566 deals, while generative and industry-specific AI investments drove confidence, resulting in 13 new unicorns, primarily in generative AI. Challenges remain for enterprises in adopting these technologies at scale, as they must integrate AI into existing workflows while addressing data management issues.
Microsoft is set to report its fiscal first-quarter results, with analysts expecting earnings per share of $3.10 and revenue of $64.51 billion, reflecting a 14% annual growth. The company is revising its business segment reporting, anticipating $27.9 billion in revenue from the Productivity and Business Processes unit and $24.04 billion from the Intelligent Cloud segment, which includes Azure. As AI investments remain a focus, Microsoft is also expected to discuss increased spending on property and equipment during its conference call with analysts.
Katanemo has open-sourced Arch-Function, a collection of large language models (LLMs) designed for ultra-fast function-calling tasks, claiming speeds nearly 12 times faster than GPT-4 and significant cost savings. These models enable enterprises to create agentic applications that can efficiently handle complex workflows, from processing prompts to making API calls, paving the way for a new wave of AI-driven enterprise solutions. The market for AI agents is projected to grow to $47 billion by 2030, highlighting the increasing demand for such technologies.
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generative ai startups drive record unicorn growth and investment in q3 2024
21:21 01.11.2024
microsoft set to report fiscal first quarter results amid cloud growth expectations
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17:00 30.10.2024
Katanemo launches Arch-Function LLMs for faster and cost-effective AI applications
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01:22 16.10.2024
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