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REUTERS/Kacper Pempel/Illustration
August 27, 2024
632 billion: Global spending on AI will more than double in the next five years to $632 billion in spending by 2028, according to a new report from the market intelligence firm, International Data Corporation.
50: The AI search engine Perplexity announced it’ll start selling ads in the fourth quarter of 2024. The company, which seeks to challenge search and advertising giant Google, is reportedly planning to charge $50 per thousand impressions, much higher than industry averages for comparable ad products, causing head-scratching among ad professionals.
220 million: The French company H, formerly called Holistic, raised $220 million to fund its artificial intelligence models. But now, three of its five co-founders are leaving the company over “operational and business disagreements,” a sign of turmoil at one of the buzziest European AI startups.
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