OpenAI and Anthropic Face a New Threat — And It Isn't China
Europe’s Mistral and US-based xAI are rapidly gaining ground in enterprise AI, siphoning major accounts from OpenAI and Anthropic and accelerating procurement diversification.
Enterprise AI
AI Customer Service Platform Sierra Raises $950M, Valuation Tops $15 Billion
Sierra, the AI customer service platform co-founded by former Salesforce CEO Bret Taylor, has completed a $950 million Series E round at a valuation exceeding $15 billion, aiming to become the global standard for AI-powered customer experiences.
Cohere Merges with Aleph Alpha to Create Transatlantic AI Powerhouse
Canadian AI company Cohere announces merger with German firm Aleph Alpha, creating a transatlantic AI platform for regulated industries and government clients.