In Q2 2024, the AI ecosystem saw major players like NVIDIA, Microsoft, and Apple improve their AI offerings. Funding shifted to vertical-specific AI companies, with notable fundraisings by Codeium, FundGuard, and Orca AI, while Elon Musk’s xAI raised $6 billion and small language models (SLMs) gained popularity due to their efficiency.
Over the past quarter, AI has driven changes in the workplace, with some roles being eliminated in favor of AI while new roles were created that required new talent. The most significant shift in the workplace has been the realization by business leaders of the need to upskill employees to keep pace with GenAI.
This has certainly been an exciting quarter for the AI ecosystem. Check out this Q2 AI Ecosystem Report to learn about the companies, investments, innovations, and solutions shaping the future of AI:
- Innovation: Fluent AI, Nvidia, Hippocratic AI, Cisco, Intel, IBM, Accenture, Google, Microsoft, SAP, Indeed, Cognition, Google Cloud, Fast Company, TermSheet, Skanska, Slate, JLL, EY, OpenAI, Infosys
- Funding: Databricks, Lilac, BigID, Codeium, FundGuard, Run:ai, Blaize, Sequoia Capital, Orca AI, Xaira, xAI, AWS
- Some products: Accenture, Cohere, Grok, Google, Gojob, H&R Block, International Olympic Committee, Apple, Microsoft, Truecaller, Claros, TikTok
