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Snapchat, Amazon, and Pinterest Earnings

Bloomberg Tech

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AI: The Future of Machine Learning

Pinecone, a startup whose platform supports AI software, just raised $100 million in a funding round that values the company at around $750 million. The round led by Andreessen Horowitz with participation from existing investors, Menlo Ventures and Wing Venture Capital. Jake Flumenberg: Pinecone is still a really early company. No public market metric is going to say, justify this valuation. This is a valuation that's based off of the potential. And so with the rise of all these generative AI applications, we're seeing more and more people adopt Pinecone.

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