Articles about "AI in business"

Berlin-based AI startup Zell has raised €500,000 in seed funding to scale its AI-powered sales management platform. The investment will support product development, team expansion, and geographic growth across Europe. Zell's solution uses artificial intelligence to automate sales coaching and performance improvement for enterprise clients.

Industry 5.0 marks a significant transition in industrial transformation, prioritising human collaboration and sustainability over mere automation. While investments continue to favour efficiency, research highlights that companies are missing opportunities for growth and resilience by underfunding human-centric and strategic AI use cases.

Significant numbers of experienced researchers and engineers are leaving high-profile AI firms OpenAI and xAI. The departures underscore issues of culture, strategic direction, and the rapidly evolving landscape in the artificial intelligence industry.

UK-based legaltech pioneer Luminance has unveiled its most substantial upgrade in ten years, introducing a new platform architecture designed to retain critical negotiation context and streamline enterprise contract management through advanced AI. The relaunch strengthens Luminance’s position as a key European innovator in specialized legal AI, promising major efficiency gains for organizations worldwide.

Scoro, the Estonian-founded project management platform, has acquired Envoice, an AI-driven expense automation company, to streamline project cost management for professional services firms. The integration aims to provide real-time visibility and automated expense tracking, leveraging AI to minimise manual tasks and prevent margin surprises. Both companies will continue to operate separately while enhancing their collaborative features.

AI-driven startup Orbital has raised $60 million in Series B funding to further automate the legal processes underpinning real estate transactions in the US and UK. The company aims to bring much-needed transparency and efficiency to a traditionally manual and fragmented sector through its dedicated platform.

As European businesses increasingly invest in generative AI platforms like Microsoft Copilot and ChatGPT Enterprise, research shows the true value of these tools remains elusive. Experts Matt Berseth and Russell Dixon of NLP Logix advise organizations to abandon ad hoc deployments in favor of strategic, measured rollouts, ensuring that enterprise AI assistants deliver meaningful, sustainable returns.