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7 mentions found


☆ Meet the contrarian VC: Why Mayfield's Navin Chaddha is writing more checks than ever before while other investors pull back
  + stars: | 2023-07-26 | by ( Vishal Persaud | ) www.businessinsider.com   time to read: +5 min
The longtime VC firm just announced a new $250 million seed fund focused on AI. In tough economic times, the firm's leader, Navin Chaddha, believes it's a prime time to invest. That has essentially been Navin Chaddha's mantra since he took over the reins at venture-capital stalwart Mayfield Fund in 2009. With a dedicated $250 million AI seed war chest, Mayfield is now prepared to lean in even more. "We believe that AI will emerge as our teammate and that the Gen.AI wave will create many iconic companies," Chaddha said in a press release.
Persons: Mayfield, Navin Chaddha, it's, Navin, that's, Chaddha, – who's, Forbes, –, Vijay Reddy, Reddy Organizations: VC, Mayfield Fund, Mayfield, Tiger, Insight Partners, Clear Ventures, Intel Capital, Wing Venture Locations: Bessemer, Sequoia
☆ REUTERS MOMENTUM Sapphire Ventures plans to invest over $1 billion in enterprise AI startups
  + stars: | 2023-07-11 | by ( Krystal Hu | Thomson Reuters | Krystal Reports On Venture Capital | ) www.reuters.com   time to read: +2 min
July 11 (Reuters) - Sapphire Ventures plans to invest over $1 billion in AI enterprise startups, doubling down on the technology's adoption by companies across the world, its president Jai Das said at the Reuters MOMENTUM conference in Austin on Tuesday. The $1 billion in capital will come from Sapphire's existing funds, which have $10 billion under management and about $3 billion waiting to the deployed. The majority will be a direct investment in AI startups, while some capital will also go to early-stage AI-focused venture funds through its limited partner fund. Over $40 billion has been invested into AI startups in the past six months, accounting for nearly a quarter of overall startup funding, according to PitchBook data. With headquarters in Austin, Texas, Sapphire has invested in AI-powered enterprise startups including Clari and DataRobot.
Persons: Jai Das, it's, Sapphire, Das, Krystal Hu, David Evans, Deepa Babington Organizations: Sapphire Ventures, Thomson Locations: Austin, Austin , Texas
☆ Singapore is not looking to regulate A.I. just yet, says the city-state's authority
  + stars: | 2023-06-19 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +5 min
"We are currently not looking at regulating AI," Lee Wan Sie, director for trusted AI and data at Singapore's Infocomm Media Development Authority, told CNBC. It is calling for companies to collaborate in the world's first AI testing toolkit — called AI Verify — that enables users to conduct technical tests on their AI models and record process checks. Google , Microsoft and IBM are among tech giants which have already joined the AI Verify Foundation — a global open-source community set up to discuss AI standards and best practices, as well as collaborate on governing AI. "By creating practical resources like the AI governance testing framework and toolkit, Singapore is helping organizations build robust governance and testing processes," said Smith. Singapore has really sort of positioned itself as almost like the steward in the region of responsible and trustworthy use of AI.
Persons: Nicky Loh, Lee Wan Sie, IMDA, Lee Wan, chatbot ChatGPT, Sam Altman, Elon Musk, Lee, Haniyeh, Brad Smith, Smith, Josephine Teo, Teo, Emmanuel Macron, Macron, Stella Cramer, APAC, Clifford Chance's, Clifford Chance, Stella Cramer APAC Organizations: Bloomberg, Getty, Media Development Authority, CNBC, Tech, IBM, Singapore Airlines, Tesla, U.S, National AI Advisory, Google, Microsoft, Singapore government's, Asia Tech, Singapore's, Communications, European Union, Artificial Intelligence Locations: Bay, Singapore, DataRobot, U.S, China
☆ Investors shut out of traditional funding rounds are scouring secondary markets to snap up shares in buzzy AI startups like Dataminr, Hugging Face, and Anthropic
  + stars: | 2023-06-12 | by ( Leena Rao | Ben Bergman | ) www.businessinsider.com   time to read: +4 min
As the AI craze continues, investors are eager to buy shares of these startups on secondary markets. AI startup shares have been the top in demand sector every month this year, according to EquityZen. It seems that every week there's a new hot AI startup that's raising a big round. ForgeGlobal, a marketplace for secondary transactions of startup shares, is seeing similar excitement from investors in AI startups. Sequoia, General Catalyst, Andreessen Horowitz and many others have been aggressively investing in AI startups.
Persons: Phil Haslett, Haslett, Avlok Kohli, Howe Ng, Ng, Catalyst, Andreessen Horowitz, Javier Avelos, OpenAI, Anthropic, Avelos Organizations: sixfold, SamBaNova Systems, Microsoft, Google Locations: secondaries, Sequoia, Caplight
☆ How SAP is future-proofing business data with the unveiling of its newest technology and strategic partnerships
  + stars: | 2023-03-17 | by ( Sponsor Post | Created Insider Studios With Sap | ) www.businessinsider.com   time to read: +5 min
SAP Datasphere is a new data fabric architecture that integrates data and contextual metadata across enterprises. A data fabric architecture can seamlessly incorporate new partners and deliver cutting-edge solutions as they evolve. What a business data fabric architecture can doSAP Datasphere's capabilities are enabled by its data fabric architecture, which integrates data from many sources into a single environment that can run multiple services and technologies. SAP Partnerships: Databricks integrates SAP data — including its complete business context — with its Data Lakehouse platform. As the volume of business data continues to expand, unleashing its capabilities with a data fabric architecture is becoming essential to success.
☆ SAP introduces SAP Datasphere and partnerships with Collibra, Confluent, DataRobot, and Databricks to simplify customers' data landscape
  + stars: | 2023-03-09 | by ( Sponsor Post | Created Sap With Insider Studios | ) www.businessinsider.com   time to read: +6 min
SAP announced SAP Datasphere, the next generation of its data management portfolio, which gives customers easy access to business-ready data across the data landscape. SAP DatasphereAvailable today, SAP Datasphere is the next generation of SAP Data Warehouse Cloud. With a unified experience for data integration, data cataloging, semantic modeling, data warehousing, data federation, and data virtualization, SAP Datasphere enables data professionals to easily distribute mission-critical business data — with business context and logic preserved — across their organization's data landscape. SAP Datasphere is built on SAP Business Technology Platform (BTP), which includes strong enterprise security capabilities such as database security, encryption, and governance. Databricks customers can integrate their Data Lakehouse with SAP so data can be shared with semantics preserved, helping customers simplify their data landscape.
☆ These are the most important executives who joined Google Cloud in 2022 — and the ones who left
  + stars: | 2023-01-19 | by ( Ellen Thomas | ) www.businessinsider.com   time to read: +10 min
Below is a list of the key executives who left Google Cloud in 2022 — and the most important new hires. At Google Cloud, Gearhart was responsible for the Google Cloud Platform and Google Workspace channel business around the world, according to her LinkedIn profile. Exit: Frank BienBien, a Looker vice president, left Google Cloud in February, two years after Google acquired the data-analytics company for $2.4 billion. A nearly 20-year Microsoft veteran, Jester joined Google Cloud in 2019 as part of an executive hiring spree initiated by Kurian, who had recently taken the helm of Google Cloud. Hire: Kevin MandiaMandia, Mandiant's CEO and cofounder, joined Google Cloud in September after Google completed its $5.4 billion acquisition of his cybersecurity firm.
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