FatBrain creates the first publicly traded AI Venture Operating Company
FatBrain AI, the leader in powerful and easy-to-use AI solutions for the enterprise stars of tomorrow, to become the first publicly traded AI venture operating company.
FatBrain announces its new strategic direction after internal review with its key strategic advisors, executive board chair and CEO. AI is projected to grow to $15.7 Trillion dollars of additional GDP by 2030 reported by PWC analysis. According to Wedbush’s Dan Ives interviews following research report, “AI is the biggest transformational tech trend we’ve seen in 30 years… unleashing a trillion in IT spending.
FatBrain’s unique AI Solutions capabilities married to the operating team’s unique success in investing and finding the great growth companies of tomorrow enable the company to better take advantage of what it is seeing and delivering in the AI marketplace.
“AI is the fastest and most transformational trend we’ve since 1995,” said Michael Moe, Executive Chair of FatBrain AI and founder and CEO of GSV, an early investor in Facebook, Twitter, Palantir, Spotify, Coursera, and Snap. “We are repositioning FatBrain in order to better capitalize on our unique distinctive competencies as investors and operators, helping to usher in a new period of growth and success for our stakeholders.”
“FatBrain AI is well positioned to ride the trillion-dollar AI tidal wave,” said Peter B. Ritz, co-founder and CEO of FatBrain AI. “With six acquisitions and triple-digit Q/Q growth over the last year, we can accelerate faster to keep momentum with the unprecedented market opportunity.”
