As large enterprises struggle to include AI into their platforms and processes, they’ve run into a problem: Generative AI should have memory and its training data should be consistently updated to be of any practical use. This area is currently called “Live AI” and many startups operate in it, including: Cohere AND Writer. Other, Pathjust raised a $10 million seed round to construct working artificial intelligence systems that the company says think and learn in real time like humans.

The round was led by TQ Ventures, with participation from Kadmos, Innovo, Market One Capital, Id4 and business angels. Another investor in Pathway is Łukasz Kaiser, co-author Transformers and key researcher behind GPT o1 from OpenAI.

Pathway’s offering includes so-called “infrastructure components” that power running AI systems and feed structured and unstructured data, meaning enterprise AI platforms could make decisions based on up-to-date knowledge. Current clients include NATO and the French post office La Poste.

Zuzanna Stamirowska, co-founder and CEO of Pathway, told TechCrunch on a call: “The way deep learning assistants and LLM work is that you take training data and then train models. But the question is: how to deal with knowledge, how to deal with memory? At this point, the LLM is behaving a bit like a very smart intern on his first day of work who has been offered a book to read. But they can’t actually remember it. Besides, it’s not live, it’s static.”

To address this, she said Pathway “enables developers to build a pipeline through which they can feed live data into AI systems.” Right now, we’re doing this in the prompting stage whenever you’re constructing LLM applications or Gen AI applications.

Stamirowska — who’s moving to Menlo Park, California — has assembled a formidable, highly technical team to attain the startup’s goals. Its co-founders are CSO Adrian Kosowski and CTO Jan Chorowski, who previously worked with recent Nobel Prize winner in physics and “godfather of artificial intelligence” Geoff Hinton. Stamirowska herself is the writer of a cutting-edge forecasting model for the complex network occurring in maritime trade, published by the US Academy of Sciences.

“The company started with an idea that popped into my head one sunny morning in Chicago,” she said. “I used to be there accompanying a friend to a research conference on theoretical computer science… We had an argument and I said I had to begin with myself. So I took out my laptop and began writing to people in my network about move things forward. I still remember the taste of coffee from that moment.

I asked her where she sees Pathway in comparison with other startups in the space? “For applications in GenAI engineering and knowledge management, Cohere and Writer appear alongside us in Gartner’s newest quadrants,” she said. “Whereas in enterprise deals we often see Palantir bidding on AI transformation, although they are less product-oriented than we are.”

Commenting in a statement, Schuster Tanger, co-managing partner and co-founder of TQ Ventures, said: “Zuzanna and the Pathway team have cutting-edge knowledge and expertise in one of the most exciting areas of business today… The recent, and almost at least, response from the developer community has been powerful.”

Zomato has raised $1 billion in a so-called qualified institutional placement, completing its first major fundraising since its 2021 IPO.

Friday’s stock exchange filing showed the $30 billion food delivery and fast-trading giant, which leads in each categories, issued about 336.5 million shares at 252.62 kilos ($3) each.

The placement, which began on November 25 and ended on November 28, enjoyed large participation from leading domestic investment funds. The largest investor turned out to be Motilal Oswal, whose family of funds covered 20.81% of the difficulty. ICICI Prudential Funds secured 12.78%, while HDFC and Kotak Funds secured 8.68% and 5.95% respectively.

The timing of the capital raise can be strategic, coming just weeks after rival Swiggy’s $1.35 billion initial public offering earlier this month. Zepto, one other leading fast trading startup, earlier this month secured $350 million in a deal brokered by Motilal Oswal.

Swiggy shares fell 4.1% on Friday, limiting the general gain this week to 12.8%. Zomato shares, offered to investors participating in the QIP at a 5% discount, fell about 1% on Friday but are up 127.7% since the start of the 12 months.

Zomato co-founder and CEO Deepinder Goyal said last month that the corporate, which already has money reserves of $1.3 billion, was searching for additional funds to take care of competitive parity.

The company, which recently reported its second straight quarterly profit, is a frontrunner in India’s fast trading market via Blinkit, competing with well-funded rivals corresponding to Swiggy, Zepto and BigBasket in a sector expected to generate greater than $6.5 billion in annual revenue .

“We see that the fast trading industry will go through a phase of increased competition over the next 6-12 months. Companies operating on the fast trading market are looking for capital or have already obtained it. Four new names including Flipkart, Reliance, BigBasket and Amazon are looking to enter the fast trading space,” Bank of America analysts said in a note.

“The first mover advantage is what matters in this space, and given that the TAM is around 30 million households (330 million households in India), we believe it is logical that market leader Zomato would want to maintain its leading position c. 40% share.”

Thanksgiving weekend has long been seen as the normal start to a very powerful sales period for retailers, and up to now, all signs point to a powerful e-commerce holiday season ahead. Salesforce tracks activity in real time and has just released its first numbers for the day. It says that as of two p.m. ET, online sales were up 7% globally and 4% within the U.S. compared to 2023, generating $15.6 billion and $3.1 billion in sales, respectively.

By comparison, last 12 months’s Thanksgiving was slow for online shopping. Salesforce reported that online sales totaled $31.7 billion for the day, while U.S. sales totaled $7.5 billion. Each of them increased by only one%.

Salesforce says its 2024 numbers are based on purchasing data from 1.5 billion consumers, collected from customers and other data sources in its Commerce Cloud, Marketing Cloud and Service Cloud. You can see more Here.

We’ll update this post later with more data, including data from Adobe, which also tracks online sales. Last 12 months, Adobe Analytics he said that Americans spent $5.6 billion online on Thanksgiving Day, an estimated increase of just 5.5% from the previous 12 months.

The economy indeed stays volatile in lots of markets, so retailers are sweetening the deal to get customers to part with their money. Discounts average 24% worldwide and 27% within the US

Thanksgiving has grow to be a key day for mobile shopping within the US. With most brick-and-mortar stores closed and plenty of people hanging out with family and friends, they’re turning to their phones for a more subtle way to purchase discounted items.

Salesforce predicts that the strongest shopping period will probably be within the evening, after the feast, with 35% of all sales occurring between 7 p.m. and midnight. Thanksgiving can also be expected to be the largest day of the week overall for mobile shopping, with 73% of all sales today occurring on mobile devices.

The Internet has contributed to the numerous spread of holiday shopping. Black Friday was once a novel shopping phenomenon in America, falling just after Thanksgiving and kicking off the vacation shopping season.

Now, not only are you able to find “Black Friday” sales events around the globe (where Thanksgiving doesn’t exist except within the distribution of American television programming), but these and other holiday sales days have come to be wrapped up in “Cyber ​​Week”, which begins on just a few days before carving a turkey or roasting a pumpkin.

Salesforce recognized Tuesday of this week as the beginning of Cyber ​​Week and reported that sales increased 7% and 14% globally and within the US, respectively.

Sometimes it looks like we have reached a plateau in innovation when it comes to e-commerce, but generative AI could have something to say about it. Salesforce reported that retailers’ use of digital agents and GenAI is up 32% from every week ago.

Salesforce clearly sees a business opportunity in creating AI bells and whistles, so perhaps that is why they’re revealing these specific details. “32% increase” doesn’t tell us how much AI tools even have – let alone how useful they’re in sales conversions or whether or not they’ve led to frustrated people leaving sites. We’ll have to see if more concrete statistics emerge this 12 months.

“Christmas shopping dynamics are increasing throughout Cyber ​​Week, with online traffic and sales increasing. After a full 12 months of waiting for the season’s best deals, shoppers are finally ready for holiday shopping and are increasingly willing to visit their favorite web sites via mobile devices,” Caila Schwartz, director of consumer research at Salesforce, said in an announcement.