RE: My AI Picks for 202520 Jan 2025 10:52
We only have to look at the growth of software companies such as Zapier Inc (recently valued at $5B according to Yahoo Finance.⁵) to get a gauge of the sheer scale of the market. Giants with deep pockets like Amazon, Microsoft and Google are putting their chips firmly behind companies focusing on AI development.
Google provided initial upfront funding of $300M to AI Startup, Anthropic; Amazon have now followed suit with upfront funding of $1.25B, pledging to invest up to $4B. Tech Crunch have now put a valuation on Anthropic of $5B.⁶ The technology that Anthropic develops focuses on interfacing via a chatbot similar to ChatGPT.(Recently valued at an incredible $86B.⁷)
Adept; another AI-centric startup, has already raised $350M from the likes of Microsoft and NVidia to take existing software and configure it in a way that allows humans and computers to work together creatively to solve problems. This ingenuity has resulted in Forbes reporting a valuation for Adept of “at least $1B”.⁸
Recent RNS announcements have come thick and fast for Cykel, with a growing number of strategic partnerships being won and most notably the release of 'Lucy', Cykel's Automated Digital Worker, tasked with cutting costs in half for recruitment agencies and in-house hiring teams.
If 2025 is the year of the Digital Worker then Cykel AI are already aptly placed to compete within an exciting and fast growing subset of the Artificial Intelligence market.