AI Boom Stems Tech’s Downturn
Vinay Wagh’s venture is one. He decided earlier this year that this was the moment to launch a new company. He left a job at data-storage company Databricks to create a startup aimed at helping businesses incorporate generative artificial intelligence. Since then, he has been aiming to poach tech veterans from established firms and raising venture capital that had seemed to be largely idle amid the gloom that overshadowed much of Silicon Valley. “This tech wave…