AI startup Genspark raises $100 million to compete with Google, source says
The Palo Alto-based company currently has over 2 million monthly active users, and the round was led by a group of U.S. and Singapore-based investors, the source said.
The company raised a $60 million seed round last June. Its CEO Eric Jing led Baidu's (9888.HK), opens new tab AI-powered smartphone and smart speaker Xiaodu unit.
Genspark is one of a number of startups attempting to uproot the search engine market dominated by Alphabet's Google. AI-generated search results can offer a single answer with citations, a potential user experience improvement compared to Google's link lists.
Google itself is experimenting with AI search results, while OpenAI's ChatGPT recently integrated internet search capabilities. Another big player in the AI search space, Perplexity, has raised funds valuing it at $9 billion.
According to its blog, Genspark says it has developed a feature capable of using multiple AI models that work together to conduct in-depth research online. OpenAI, Perplexity and You.com have also released similar products.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Evening Standard
25 minutes ago
- Evening Standard
Cranswick says review ‘well advanced' after pig farm abuse claims
The update on Monday came as the East Yorkshire-based company also revealed that revenues grew by 9.7% over the 13 weeks to June 28, after a boost from the acquisition of sausage maker Blakemans and export growth.
North Wales Chronicle
28 minutes ago
- North Wales Chronicle
Cranswick says review ‘well advanced' after pig farm abuse claims
The boss of the company added that it has strengthened its animal welfare practices and checks further in recent months as a result. Cranswick suspended using Northmoor Farm in Lincolnshire in May after covert footage emerged appearing to show workers at the site abusing piglets. Workers were filmed appearing to hold piglets by their hind legs and slamming them to the ground, using a banned method of killing the animals known as 'piglet thumping'. Major supermarkets Asda, Morrisons, Sainsbury's and Tesco suspended Northmoor Farm as a supplier, and Cranswick shortly afterwards launched the independent review into its animal welfare policies and livestock operations. Adam Couch, chief executive of the firm, said: 'In line with the commitments we made on May 20, we have further strengthened our animal welfare compliance practices and checks. 'The independent expert veterinarian led review of these policies and procedures is well advanced, and we look forward to receiving its recommendations. 'We will provide a further update on this review in due course.' The update on Monday came as the East Yorkshire-based company also revealed that revenues grew by 9.7% over the 13 weeks to June 28, after a boost from the acquisition of sausage maker Blakemans and export growth. Like-for-like revenues grew by 7.9% as it was also boosted new business wins and a strong performance from its 'premium added-value ranges'. Export revenues were 'strong' on the back of higher volumes and pricing after the China export licence for its Norfolk fresh pork site was reinstated late last year. Poultry revenues also grew strongly, while its pet products revenues grew after rolling out more products for Pets at Home. Cranswick said it is currently on track to meet it financial expectations for the current financial year. Mr Couch added: 'We have made a strong start to the year, delivering volume-led revenue growth across all product categories. 'Our continued positive progress reflects the substantial ongoing investment in our asset base and the quality and capability of our colleagues across the business.'
Leader Live
29 minutes ago
- Leader Live
Cranswick says review ‘well advanced' after pig farm abuse claims
The boss of the company added that it has strengthened its animal welfare practices and checks further in recent months as a result. Cranswick suspended using Northmoor Farm in Lincolnshire in May after covert footage emerged appearing to show workers at the site abusing piglets. Workers were filmed appearing to hold piglets by their hind legs and slamming them to the ground, using a banned method of killing the animals known as 'piglet thumping'. Major supermarkets Asda, Morrisons, Sainsbury's and Tesco suspended Northmoor Farm as a supplier, and Cranswick shortly afterwards launched the independent review into its animal welfare policies and livestock operations. Adam Couch, chief executive of the firm, said: 'In line with the commitments we made on May 20, we have further strengthened our animal welfare compliance practices and checks. 'The independent expert veterinarian led review of these policies and procedures is well advanced, and we look forward to receiving its recommendations. 'We will provide a further update on this review in due course.' The update on Monday came as the East Yorkshire-based company also revealed that revenues grew by 9.7% over the 13 weeks to June 28, after a boost from the acquisition of sausage maker Blakemans and export growth. Like-for-like revenues grew by 7.9% as it was also boosted new business wins and a strong performance from its 'premium added-value ranges'. Export revenues were 'strong' on the back of higher volumes and pricing after the China export licence for its Norfolk fresh pork site was reinstated late last year. Poultry revenues also grew strongly, while its pet products revenues grew after rolling out more products for Pets at Home. Cranswick said it is currently on track to meet it financial expectations for the current financial year. Mr Couch added: 'We have made a strong start to the year, delivering volume-led revenue growth across all product categories. 'Our continued positive progress reflects the substantial ongoing investment in our asset base and the quality and capability of our colleagues across the business.'
