An $85 million bet on in-house AI

A Chicago tech company has raised $85 million in venture capital as it rides the wave of interest in generative AI. Crain’s technology reporter John Pletz joins host Jeanne Sparrow to talk about why Chicago is primed for more of this sector’s investment.

Plus: The last-minute push to squeeze more out of Stonepeak’s parking meter deal, AbbVie pursues AI-led drug discoveries, a Bay Area cyber-security firm expands to Fulton Market, and Northern Trust joins ETF conversion boom.