47 stories tagged Investment
Prentis, an AI lab co-founded by Reid Hoffman and Mark Pincus, is raising $100M to automate routine computer tasks — betting this will outpace coding as AI's biggest use case.
Google's cloud business is booming, thanks to companies adopting its AI and AI infrastructure services. The tech giant reported record profits, validating its massive spending on AI development.
ServiceNow invested $40 million in BusinessNext, an Indian AI-powered banking software specialist, valuing the startup at $700 million. The deal aims to accelerate global expansion of AI tools for fraud detection, compliance, and personalized banking.
Etched, an AI chip startup founded by three Harvard dropouts, has secured a $10.3 billion valuation from major investors. The company claims its new chips and memory components accelerate AI inference without requiring traditional GPUs, potentially disrupting Nvidia's dominance in the AI hardware market.
Microsoft has struck a multibillion-dollar deal with French AI firm Mistral to expand its operations and integrate its AI models into Microsoft's cloud services, aiming to strengthen Europe's position in the global AI race.
AMD is investing up to $5 billion in AI company Anthropic and supplying up to 2 gigawatts of Instinct MI450 AI GPUs via its Helios rack-scale system. The deal aims to dramatically expand Anthropic's computing power and accelerate the development of its AI models.
A $400 million chip-backed loan from investors who previously financed GPU production now targets inference chips, signaling a major shift in AI infrastructure funding that could lower costs and speed up AI applications for everyone.
OpenAI researcher Miles Wang is in funding talks for a new AI drug discovery startup, with discussions valuing the company at $2 billion. The move underscores surging investor interest in applying AI to accelerate life-saving drug development.
Anthropic, OpenAI, and SpaceX are preparing for massive IPOs that could create more value than all U.S. VC-backed exits since 2000. This marks a historic moment for the tech industry, particularly in AI and space exploration.
Microsoft is creating a new AI deployment company with a $2.5 billion commitment. This move follows similar initiatives by Amazon, OpenAI, and Anthropic, signaling a major push in AI infrastructure and making AI more accessible for businesses.
Samsung and SK Hynix, the world's two largest memory chip companies, have pledged over $550 billion to build new memory labs and factories. This massive investment is part of South Korea's push to become a leading AI technology powerhouse and aims to address the critical shortage of memory chips, which has been dubbed 'RAMageddon.'
Baidu's AI chip division, Kunlunxin, is reportedly targeting a massive $50 billion IPO in Hong Kong. The news sent Baidu shares up 7%, highlighting the growing importance of AI hardware in the tech industry.
Chinese hedge funds are warning that the AI industry is in a 'super bubble' that could burst soon, citing unsustainable valuations and overinvestment in huge capital projects with uncertain returns.
Patronus AI, founded by former Meta AI researchers, has raised $50 million to create digital environments for testing AI agents. The company is experiencing near-insatiable demand as enterprises seek to make AI systems more reliable before deployment.
General Intuition raised $320 million in fresh funding—bringing its total raised to $2.3 billion—to train AI models on millions of hours of video game gameplay, aiming to teach AI something closer to human intuition.
The Wall Street Journal reports that the AI market's euphoria is colliding with a harsh political reality. Governments are imposing new rules and raising antitrust concerns, creating uncertainty that could slow investment and innovation.
Odyssey, a startup developing world models for AI, has secured a $1.45 billion valuation with backing from Amazon and other major investors. This highlights the growing importance of world models as the next big advancement beyond traditional language models.
Pramaana Labs has secured $27 million to develop AI systems that can be formally verified for accuracy. This technology aims to eliminate errors in fields like law and drug discovery where mistakes can be costly.
Meta is reversing its $2 billion acquisition of AI startup Manus after Beijing ordered the deal undone. This highlights the growing tensions between global tech and Chinese regulations.
Mistral AI is reportedly raising €3 billion in funding, nearly doubling its valuation to €20 billion. This massive investment reflects the growing confidence in AI startups and Mistral's rapid growth.
Jeff Bezos's AI startup Prometheus raised $12 billion to develop an 'artificial general engineer' that can automate complex engineering tasks like heavy engineering and drug design. This massive funding round values the company at $41 billion, showing strong investor confidence in physical AI applications.
OpenAI has confidentially filed for an IPO with the SEC, following rival Anthropic's similar move on June 1st. This marks a key step in the race between the two AI companies to go public.
OpenAI has submitted a confidential draft registration for an IPO, a key step toward going public. This move signals the company's intention to raise capital and expand its AI ambitions.
The US government has invested heavily in quantum computing, but legal experts question the legality of the deal. This could impact the future of the quantum industry and research funding.