Autodesk meanwhile highlighted its January acquisition of Payapps, a construction payment and compliance management startup, on a recent earnings call as part of its “end-to-end” construction strategy.
Another is partnerships.
ServiceNow is leaning into messaging as a platform for “end-to-end digital transformation” as highlighted by our earnings insights on its Q4'23 call.
On this front, ServiceNow announced a 5-year strategic alliance earlier this year with Visa to co-develop a dispute management tool for its banking customers.
Bulking up
As enterprises rush to leverage generative AI, Databricks’ revenue is climbing.
The company’s revenue grew to $1.6B for the fiscal year ending in January 2024 — up over 50% YoY.
The data management co has looked to sustain its growth with product expansion and acquisitions.
One of the company’s biggest recent moves was its $1.3B acquisition of MosaicML last year.
Multimodal AI — systems that can process various data types, including images, videos, and text — is still in its infancy, but models are quickly evolving.
For example, Google introduced the multimodal model Gemini at the end of 2023.
And Meta just released its open-source genAI model Llama 3 last week, aiming to introduce a multimodal, multilingual version relatively soon.
Several private LLM developers are making multimodal strides as well.
DealBook Newsletter. Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch, and Ephrat Livni dive into menopause care and mention CB Insights research.
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