Weekly DaaS Roundup for October 3

DaaS Never Sleeps

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World of DaaS
October 03, 2024

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NEWS, READS AND MORE

The 7 moats of Bloomberg The Terminalist

People have been coming for the king long before the internet was a thing. Its unbeatable combination of massive real-time financial data infrastructure, powerful network effects through its chat and marketplace ecosystem, and deep technical integrations create an uphill battle for any would be “Bloomberg Killer”

Bill SB-1047 was meant to put limitations on large LLM models (using more than 10^ 26 FLOPS). The thing is, what’s considered large today will most likely be considered laughably small in a few month’s time. Legislation needs to be forward looking - hard limits in an evolving world (is Moore’s law still valid?) are short sighted no matter how well intentioned they may be.

Perfect data doesn’t exist. Your weight today may not be your weight tomorrow, inferences are made. These “junk inferences” have some serious real world implications that need to be addressed.

LSEG announced a similar offering in their Q2 earnings. Allowing financial professionals the freedom to consume data as they see fit is quickly becoming table stakes.

West Monroe analyzed over 1000 companies to find some emerging patterns in how data is being monetized. Amidst the almost requisite “AI changes everything!” takeaways the real standouts are a the growth to data bartering, free to licensing models and increased value in unstructured data.

🎧THE LATEST WOD PODCAST 🎧

Matt Clifford is the co-founder and chair of Entrepreneur First, a global talent investor that has helped create over 500 companies worth more than $10 billion. He’s picked thousands of early career high performers before they even have ideas for companies and shares his views on what makes a successful entrepreneur.

World of DaaS is flirting with 40K subs on YouTube! We started the year 7K strong. Who knew there were so many data nerds enthusiasts out there!

PRESENTED BY GOODBRAND

Exclusively for our readers, GoodBrand is offering a free 30-minute consultation for your data business. Get a professional opinion on the TAM for your data product, suggested marketing strategies, and advice on how to reach and engage your prospects. Founded by data operators and buy side data buyers, Goodbrand has helped some of the most successful data and fintech firms grow. Book your consultation here.

M&A AND FUNDING

Crisp: Collaborative Commerce Company Raises $72 Million (Series B)

Crisp aims to reduce waste in the Consumer Packaged Goods (CPG) space by creating a data sharing platform. In the past year their client count grew from 600 to 6000.

Salesforce to Acquire Zoomin

Zoomin, a leading provider of unstructured data unification has been a Salesforce partner since 2018 - a nice continuation of Salesforce’s “try before you buy” strategy.

Reducto Raises $8.4m seed funding

Reducto provides LLMs with training data from unstructured sources (PDFs, Spreadheets etc)

ANNOUNCEMENT

Our World of DaaS Exec Community is live and accepting applications. An exec only slack channel, curated member events, a member directory. This place has it all!

RANDOM ART(TIFICIAL HALLUCINATION) OF THE WEEK

prompt: The world of data on the back of a turtle

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