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AI startup Datagen on verge of closure after laying off almost all remaining workforc

AI startup Datagen, which raised $50 million in funding, is facing closure after the rise of generative AI made its solution less relevant, leading to layoffs and failed acquisition talks with Meta. Only a small team is now brainstorming a new direction for the company.

calcalistech.com
Relevant topic timeline:
The surge in generative AI technology is revitalizing the tech industry, attracting significant venture capital funding and leading to job growth in the field.
LastMile AI has raised $10 million in a seed funding round to develop and integrate generative AI models into apps, aiming to democratize generative AI for software engineers and simplify the AI developer journey.
Data and AI company Databricks has raised $500 million in funding, valuing the company at $43 billion, as it continues to focus on AI tooling and expand its artificial intelligence capabilities. The funding round included strategic investors such as Nvidia.