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business-finance2 years ago

"TravelPerk Raises $104M to Accelerate Corporate Travel Innovation"

TravelPerk, a business travel management platform, has raised $104 million in a financing round led by SoftBank’s Vision Fund 2, giving the company a valuation of $1.4 billion. The funding, part of a Series D round, reflects a flat post-money valuation compared to two years ago. Despite the pandemic's impact on travel, TravelPerk has seen growth and plans to invest in its core product. SoftBank's investment signals potential ramp-up in funding activities, and TravelPerk's CEO emphasizes a long-term company vision over immediate IPO plans.

via TechCrunch|
#business-finance#business-travel#funding
technology2 years ago

EU's AI Act: Impact on Europe's SMEs and the Global Race to Tackle AI Harms

The EU's AI Act, a key piece of legislation to regulate artificial intelligence, is in the final phase of the legislative process. The act aims to put "guardrails" around the development and use of AI technology. However, there are mixed opinions on its impact. While some believe it will increase trust and data safety for businesses, others are concerned about the potential increase in costs and obligations for SMEs. There are also unresolved legal questions regarding liability and compliance, which could hinder the adoption of AI. The act proposes a tiered approach and self-regulation for foundation models, but disagreements among EU member states may delay its implementation.

via DW (English)|
#ai-act#compliance#eu
technology2 years ago

Microsoft 365 Copilot: Affordable AI Assistance for Businesses and Educators

Microsoft has made its Microsoft 365 Copilot generally available for enterprises worldwide, but customers are unhappy with the minimum requirement of purchasing at least 300 seats. The additional cost of $30 per user per month, on top of existing subscriptions, has caused frustration among SMEs. Users on Microsoft forums have expressed disappointment, arguing that smaller companies could benefit from the Copilot capabilities as much as larger enterprises. Microsoft has not addressed the needs of customers unable to meet the minimum purchase requirement.

via The Register|
#ai#enterprise#microsoft