July 10, 2024

No pain, no gain

Hi there,

There isn't a single book that reads:

"Hey, I had this idea. I started it. Everything went great. The end."

Also, it's worth remembering this fantastic line:

"Excellence is the capacity to take pain."

h/t David Senra

Now, on to today's lineup.

Green day

Major oil & gas players are setting ambitious climate goals in response to mounting pressure from regulators and activist investors.

To meet the demands posed by these groups, oil & gas companies are diversifying and investing in green initiatives.

For example, ExxonMobil is committing over $20B to lower-emission projects, while Chevron advances renewable fuels and carbon capture. However, some incumbents have pulled back amid booming oil prices.

Find out where these companies and 13 others are investing, acquiring, and partnering to drive the energy transition in this report.

Put on a happy face

AI development platforms are gaining traction amid the genAI rush.

So we spoke to 50+ customers of these platforms to gain insight into their use of these tools and thoughts on the future of the space.

One area we dove deeper into was how enterprise buyers are evaluating the ROI of their AI tool spend.

Two interconnected factors emerged: productivity gains and cost savings.

For example, this Hugging Face customer highlights how they quantify the value by considering how long it would have taken to achieve the same results without the AI tool.

To learn more about the direct cost savings achieved by enterprises using AI development platforms, download the free report here.

No regrets

The example above shows what happens when an AI purchase goes well: OMG-level results.

But getting there isn't always easy.

With an increasing number of AI solutions to choose from, across every use case under the sun, it can be difficult to figure out what will actually work for your company.

So we dug into the key signals and data you should look for when evaluating AI companies.

Discover how to cut through the noise right here.

I'll take that to go

You can now generate a detailed company scouting report in a click while doing web research.

Yup — we just made some tremendous updates to our Chrome and Edge browser extension that will provide you with a full-blown report about a company's market positioning, competitors, etc. all right in your browser.

CBI customers can add the freshly updated browser extension to their Chrome and Edge browsers today.

Industry Standard

The Economist. The outlet discusses the AI revolution and cites CB Insights data.

Financial Times. Ivan Levingston, Nikou Asgari, Robert Smith, and Brooke Masters cover the sale of Preqin and quote CB Insights founder Anand Sanwal.

Forbes. Emily Mason (@emilymason00) and Alex Konrad (@alexrkonrad) report on Point72 Ventures layoffs and cite CB Insights research.

I love you.

Anand

@asanwal

P.S. Tomorrow is the last day to apply for this year's Insurtech 50. Be sure to submit your application before the deadline here.