top 100 AI companies

It's out: 2024 AI 100. ByteDance investor dilemma. No-good Tesla quarter.   View in browser April 2, 2024 Bring home the bacon Hi there,    Here is this week's Hot or Not, featuring:  2024 AI 100 ByteDance's investors An AI acquisition spree Tesla's growth strategy Hot: AI startups   We just released our eighth annual AI 100 list, which breaks down the most promising AI startups in the world.    This year's winners are ‎️‍🔥: 16 countries 30+ categories, from foundation models to humanoids Two-thirds are early-stage The full report includes deep dives on revenue multiples, valuation per employee, and much more.    Check it out here. Not: TikTok complications   With TikTok in hot water in the US, investors in its parent ByteDance face increasing uncertainty.    ByteDance is currently the most valuable startup in the world worth $225B. TikTok revenue in the US was $16B in 2023, driving its parent's revenue to a reported $120B in the same year.    ByteDance has raised over $5B in equity funding, including from US investors General Atlantic and Sequoia Capital. CB Insights customers can see its other investors on its profile here.  Hot: Databricks acquisitions    Databricks recorded $1.6B in revenue for its fiscal year ended January 31st.    The data and AI company is not wasting time deploying some of that cash into acquisitions.    It made its second acquisition just this year in March, acquiring Lilac — which simplifies unstructured data evaluation for genAI applications. The bottom line: Databricks is building a one-stop shop. Not: Tesla's Q1   Tesla's electric vehicle deliveries are slowing, and investors aren't happy about it.   Its stock price has fallen 30%+ since the start of the year, while the Nasdaq as a whole has climbed 10%.    Besides fluctuating demand, Tesla also faces competition from a host of startups in areas like EV battery production. To see where the EV maker's next growth opportunity lies, CB Insights customers can dig into our Tesla Strategy Map here. I love you.    Anand  @asanwal  P.S. We're hiring on our research team. Check out our open roles here. Get started with CB Insights Start your free trial CB Insights' emerging technology insights platform provides all the analysis and data from this newsletter. Our data is the easiest way to discover and respond to emerging tech.  Was this email forwarded to you? Sign up here Copyright © 2024 CB Insights, All rights reserved. 498 7th Avenue, NY, CB Insights, New York,10018 About Us | Update Preferences | Research | Newsletter