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Top related persons:
Arvind Jain - 1 it's - 1 Kleiner Perkins - 1 Arvind Purushotham - 1 OpenAI - 1 Jain - 1 Glean - 1 Purushotham - 1
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Palo Alto Calif LLMs OpenAI Glean
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Wall - 1 Banking - 1 Citigroup - 1 Lightspeed - 1 Sequoia - 1 Citi Ventures - 1 CNBC - 1 Microsoft - 1

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2 mentions found


☆ AI startup Glean lures Citigroup as investor at $2.2 billion valuation after revenue quadruples
  + stars: | 2024-02-27 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Arvind Jain, co-founder and CEO of Glean, makes a selfie with employees of the startup, which is based in Palo Alto, Calif. Artificial intelligence startup Glean attracted tech companies Databricks and Workday into its latest investment round. Glean, whose software sifts through corporate repositories to provide quick answers to workers' questions, said Tuesday that it's raised $200 million at a $2.2 billion valuation. Glean's annualized revenue at the end of January was $39 million, up from $10 million a year earlier. While Glean initially targeted the tech industry, it's now looking to expand in financial services, retail, manufacturing and other sectors, Jain said.
Persons: Arvind Jain, it's, Kleiner Perkins, Arvind Purushotham, OpenAI, Jain, Glean, Purushotham, Citi hasn't, Cathy Gao Organizations: Wall, Banking, Citigroup, Lightspeed, Sequoia, Citi Ventures, CNBC, Microsoft, Google, Sony Electronics, Citigroup's, Citi, Nvidia, Sapphire Locations: Palo Alto, Calif, LLMs, OpenAI, Glean
☆ 'It's a work in progress.' How Covid has changed the life insurance marketplace
  + stars: | 2022-12-01 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +6 min
But for the life insurance industry, experts say the long-term effects aren't yet known. Faced with a staggering loss of life, insurance firms saw payouts soar during the pandemic. The demand for life insurance policies also jumped as consumers rushed to protect loved ones. Individual U.S life insurance application activity increased by 3.4% in 2021, following a record-breaking year-over-year growth of 3.9% in 2020, according to the MIB Life Index's 2021 annual report. However, the life insurance industry is still wrestling with mortality changes and how these shifts may affect the underwriting process.
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