New York (LabNews Media LLC) – US company Snorkel AI has raised $350 million, increasing its valuation to $3.5 billion, according to the New York Stock Exchange (NYSE). The company plans to use the funds to expand its platform. The NYSE announced this on Wednesday in its pre-market update.
According to the stock exchange, Snorkel AI works with AI labs and companies on the data behind the valuation and training of frontier models. CEO Alex Ratner will explain on the NYSE Live show why he considers the advancement of science and technology behind data development to be one of the most impactful areas of AI research.
Other topics from the NYSE update
According to the NYSE, Jake Paul was among the notable participants at the All-In Summit in September. In an interview with Kristen Scholer, Paul said that defense company Saronic stands out for its ability to manufacture hardware at scale and solve industry bottlenecks. Paul also said that expanding AI data centers in the US is essential for national security.
Market environment
According to the NYSE, the S&P 500 aims to build on a fresh record. The large-cap index closed above 7,800 points for the first time in Tuesday's session. The minutes from the US Federal Reserve's September meeting are expected on Wednesday at 2 p.m. ET.
Opening and closing bell
At the opening bell, the CNBC show “Halftime Report” celebrates its 15th anniversary. At the closing bell, Genius Sports (NYSE: GENI) celebrates its role as the operating system of modern sports.
