Mark Gurman

AI startup Simile has raised $100 million in a new funding round led by Index Ventures.

Simile is an AI lab that wants to help companies predict human behavior.

In fact, a chain of human behaviors.

For more, June Park, Simile's CEO and one of the founding group is with us in San Francisco.

This is very interesting because the field has tried to develop a model that is a behavior model.

and it has had mixed success, some failure.

Let's start by talking about the data sets that the model's trained on.

How did you develop what you think is a model that does give you an insight or a prediction of how a human might behave?

Look, there's a degree of skepticism about Simile, to be fair.

The founding members, four of you, are largely academics at Stanford.

You founded the company officially a year ago, but you've only been training the model for seven months.

You say you have five months of commercial deals.

How have you done that so quickly?

Yep, it has.

And look at the spike in the session on those headlines.

So coming up, Coinbase releases earnings after the closing bell.

We're going to preview what to expect.

This is Bloomberg Tech.

Asian delivery firm Grab missed analysts' expectations on its four-year forecast, a sign that weaker consumer sentiment is weighing on the company.

Earlier, we spoke with Grab CFO Peter Ui.