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Stock impact report

The AI Search Race Heats Up With Perplexity’s Latest Acquisition [Forbes]

Wayfair Inc. Class A (W) 
Last wayfair inc. class a earnings: 2/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.wayfair.com
Company Research Source: Forbes
startup specializing in retrieval-augmented generation technology. This acquisition, announced in December 2024, represents a pivotal moment in the company's expansion of enterprise search and data connectivity capabilities. Company Background and Founding Carbon was founded in 2022 by Derek Tu and Aditya Chempakasseril , two tech entrepreneurs with impressive backgrounds. Derek Tu, previously a tech leader at Italic and having held product roles at companies like Wayfair and 6sense , brought extensive product experience to the startup. His co-founder, Aditya Chempakasseril, an engineer from Italic with a master's in computational science, complemented Tu's strategic vision with technical expertise. The startup initially emerged from collaborative whiteboard sketches at a WeWork location and quickly evolved into a leading solution for connecting external data sources to large language models. Carbon raised a modest $1.3 million seed round in 2023, attracting investments from Tre Show less Read more
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