Cloud Stocks: Analysis of ServiceNow’s Raytion Acquisition

Earlier last week, ServiceNow (NYSE:NOW) reported its second quarter results that soared past market expectations. The impressive performance and outlook sent the stock climbing 13% in the after-hours trading session.

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Cloud Stocks: IBM Gets a Boost from AI, Services Leads the Way

IBM (NYSE: IBM) recently announced strong results for its second quarter that surpassed analyst estimates driven by a boost in its AI business.

Cloud Stocks: Oracle Cloud Infrastructure Benefits from AI

Oracle (NYSE: ORCL) recently reported its fourth quarter results that missed estimates. But despite the weak results, the market was impressed given the strong Oracle Cloud Infrastructure (OCI) demand that it is seeing coming its way.

AI Unicorns: xAI Racing to Catch-up with OpenAI

In 2015, Elon Musk was a key founding member of the OpenAI non-profit entity. But over the course of time, due to disagreements between the rest of the team, he left OpenAI. Last summer, he announced plans to release his own AI-player called xAI.

IPOs 2024: Tempus AI Addresses Medical Diagnostic Use Case

According to a market report, the use of AI in medical diagnostics is expected to grow at 25% CAGR from $0.8 billion in 2022. Chicago-based Tempus AI (Nasdaq: TEM) is a leading player in the market that recently went public to a weak market response.

AI Unicorns: Anthropic Focuses on Building a Safer AI Model

The rapid rise of generative AI technology has led to a growing concern around safety and security around the development of the technology. Backed by both Google and Amazon, Anthropic PBC is a public benefit company (PBC) that is focused on ensuring that they build systems that people can rely on and generate research about the opportunities and risks of AI.

AI Unicorns: Automation Anywhere Moves Beyond RPA

According to a recent report, the global robotic process automation (RPA) market is expected to grow at 40% CAGR from $2.94 billion in 2023. San Francisco-based Automation Anywhere is another high growth AI unicorn that is experiencing a similar meteoric growth.

AI Unicorns: Could OpenAI Become the Most Successful PaaS Company?

When it comes to AI, the one company that comes to everyone’s mind is OpenAI. It was founded in 2015 as a non-profit entity by Sam Altman, Elon Musk, Ilya Sutskever, Greg Brockman, John Schulman, and Wojceih Zaremba to develop a useful version of AI. OpenAI was set up with the intention to act as a countermeasure for the possibility of monopolization of AI technology by tech giants.

AI Unicorns: Scale AI Labels its Way to Unicorn Status

According to a recent report, the global AI market is estimated to grow at 36% CAGR from $214.6 billion in 2024 to $1.339 trillion by 2030. This has accelerated the growth of companies like Scale AI that are providing resources for development of AI solutions.

Cloud Stocks: Analysis of Docusign’s Lexion Acquisition

Digital signature services provider Docusign (Nasdaq: DOCU) recently announced strong quarterly results. The company is looking to expand its market reach through a focused AI-based strategy for document management.