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IBM acquires data analysis startup Seek AI, opens AI accelerator in NYC | TechCrunch

IBM acquires data analysis startup Seek AI, opens AI accelerator in NYC | TechCrunch

IBM on Monday said that it has acquired Seek AI, an AI platform that allows users to ask questions about enterprise data using natural language, for an undisclosed sum.

Seek CEO and founder Sarah Nagy said that the startup’s technology will be a key part of Watsonx AI Labs, IBM’s new NYC-based AI accelerator, which IBM also announced today.

“[W]e’ll scale our platform, deploy mission-critical solutions for IBM clients, empower the next generation of AI developers, and grow our team significantly,” Nagy wrote in a LinkedIn post.

IBM’s acquisition of Seek comes as the former looks to grow its investments in AI, particularly AI for the enterprise. It’s a strategy that’s worked well for IBM so far. The tech giant’s Q1 earnings beat estimates, driven by software growth and strong AI demand.

NYC-based Seek, which Nagy founded in 2021, offers an array of tools designed to help businesses better leverage their data. The company’s software allows users to interact with data using a chatbot-like interface, automatically translating natural language questions into database queries and performing high-level data analysis and summarization.

Prior to its exit, Seek AI managed to raise around $10 million from investors, including Battery Ventures, Conviction Partners, and NJP Ventures. The startup will move its headquarters to One Madison, the location of Watsonx AI Labs and IBM’s new Manhattan offices, once the deal closes.

“[W]atsonx AI Labs is where the best AI developers gain access to world-class engineers and resources and build new businesses and applications,” IBM GM of Data and AI Ritika Gunnar said in a statement. “By anchoring this mission in New York City, we are investing in a diverse, world‑class talent pool and a vibrant community whose innovations have long shaped the tech landscape.”

In a press release, IBM said that Watsonx AI Labs will bring together IBM researchers and engineers in a “collaborative hub” to build AI solutions for companies. Watsonx AI Labs will also seek collaborations with local colleges and research institutions.

Startups that successfully launch products at the accelerator will have access to IBM resources as well as potential investment from the company’s corporate VC wing, IBM Ventures, and its $500 million enterprise AI fund.

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easier and more satisfying, alarm clocks that can rattle even the most sleep-deprived students from a deep slumber, bags that are just as great for the gym as they are for the weekend away, and more. We wish the students in your life (or you, if you’re the student in question) a prosperous year, and we hope that our curation makes things a little easier during your studies and your downtime a lot more fun.

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Knowing exactly what your student needs for the school year ahead is next to impossible. Sure, you’ll probably nail the essentials, but there will likely be a few items you forgot to buy, or didn’t think they’d need to have. We’re pulling our weight during the back-to-school season with a new shopping guide that’s a mix of practical and aspirational products for students to use in and out of the classroom.

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Much has been made of the incident in which one of OpenAI’s agents broke out of its sandboxed test environment and proceeded to hack the AI hosting platform Hugging Face. OpenAI has since launched an investigation into how the incident occurred, which is still ongoing.

Now, anonymous sources have told Reuters that more of OpenAI’s agents are believed to have escaped their sandboxes. However, one source downplayed the severity, saying that with those escapes, the agents didn’t appear to leave OpenAI’s network to hack into another company’s. TechCrunch reached out to OpenAI for more information.

AI programs acting in bizarre ways has apparently become a weird, almost bragging point for companies. The same week, Anthropic also announced that it had discovered not one, but three instances in which its agents had escaped test environments and hacked other organizations.

AI companies have also been accused of using such incidents for marketing purposes — as they generate considerable attention and may underscore how powerful the companies’ products are. The flip side of that is that these disclosures are also ramping up discussions of government regulations.

#OpenAI #reportedly #finds #evidence #agents #ran #amok #TechCrunchHugging Face,In Brief,OpenAI">OpenAI reportedly finds evidence that more of its agents ran amok | TechCrunch
Much has been made of the incident in which one of OpenAI’s agents broke out of its sandboxed test environment and proceeded to hack the AI hosting platform Hugging Face. OpenAI has since launched an investigation into how the incident occurred, which is still ongoing.

Now, anonymous sources have told Reuters that more of OpenAI’s agents are believed to have escaped their sandboxes. However, one source downplayed the severity, saying that with those escapes, the agents didn’t appear to leave OpenAI’s network to hack into another company’s. TechCrunch reached out to OpenAI for more information.







AI programs acting in bizarre ways has apparently become a weird, almost bragging point for companies. The same week, Anthropic also announced that it had discovered not one, but three instances in which its agents had escaped test environments and hacked other organizations.

AI companies have also been accused of using such incidents for marketing purposes — as they generate considerable attention and may underscore how powerful the companies’ products are. The flip side of that is that these disclosures are also ramping up discussions of government regulations.


#OpenAI #reportedly #finds #evidence #agents #ran #amok #TechCrunchHugging Face,In Brief,OpenAI

proceeded to hack the AI hosting platform Hugging Face. OpenAI has since launched an investigation into how the incident occurred, which is still ongoing.

Now, anonymous sources have told Reuters that more of OpenAI’s agents are believed to have escaped their sandboxes. However, one source downplayed the severity, saying that with those escapes, the agents didn’t appear to leave OpenAI’s network to hack into another company’s. TechCrunch reached out to OpenAI for more information.

AI programs acting in bizarre ways has apparently become a weird, almost bragging point for companies. The same week, Anthropic also announced that it had discovered not one, but three instances in which its agents had escaped test environments and hacked other organizations.

AI companies have also been accused of using such incidents for marketing purposes — as they generate considerable attention and may underscore how powerful the companies’ products are. The flip side of that is that these disclosures are also ramping up discussions of government regulations.

#OpenAI #reportedly #finds #evidence #agents #ran #amok #TechCrunchHugging Face,In Brief,OpenAI">OpenAI reportedly finds evidence that more of its agents ran amok | TechCrunch

Much has been made of the incident in which one of OpenAI’s agents broke out of its sandboxed test environment and proceeded to hack the AI hosting platform Hugging Face. OpenAI has since launched an investigation into how the incident occurred, which is still ongoing.

Now, anonymous sources have told Reuters that more of OpenAI’s agents are believed to have escaped their sandboxes. However, one source downplayed the severity, saying that with those escapes, the agents didn’t appear to leave OpenAI’s network to hack into another company’s. TechCrunch reached out to OpenAI for more information.

AI programs acting in bizarre ways has apparently become a weird, almost bragging point for companies. The same week, Anthropic also announced that it had discovered not one, but three instances in which its agents had escaped test environments and hacked other organizations.

AI companies have also been accused of using such incidents for marketing purposes — as they generate considerable attention and may underscore how powerful the companies’ products are. The flip side of that is that these disclosures are also ramping up discussions of government regulations.

#OpenAI #reportedly #finds #evidence #agents #ran #amok #TechCrunchHugging Face,In Brief,OpenAI

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