Cloud computing firm Salesforce to invest $50 million in startups employing artificial intelligence
7 years, 6 months ago

Cloud computing firm Salesforce to invest $50 million in startups employing artificial intelligence

Firstpost  

The venture wing of Salesforce.com is launching a $50 million fund to invest in start-ups employing artificial intelligence, the cloud computing firm said. The venture wing of Salesforce.com Inc is launching a $50 million fund to invest in startups employing artificial intelligence, the cloud computing firm told Reuters on Tuesday. Salesforce, whose software helps businesses sell, market and track customer activity, has been increasing its use of AI since launching its ‘Einstein’ technology a year ago, which uses automation and data-driven features. “We want more of those companies to do these innovations on Salesforce’s platform.” Salesforce revenues and income have grown rapidly in recent quarters, and it has boosted spending on research and development in the face of tough competition from rivals such as Oracle Group and Microsoft Corp. Venture capital investment in AI startups is rising quickly.

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History of this topic

Protectt.ai raises $8.7 mn in funding round led by Bessemer Venture Partners
1 week, 1 day ago

Protectt.ai raises $8.7 mn in funding round led by Bessemer Venture Partners

Live Mint  

Mobile apps cybersecurity startup Protectt.ai said on Monday it has raised around $8.7 million at an undisclosed valuation in a Series-A funding round led by global venture capital firm Bessemer Venture Partners. “We are working on a concept of predicting cyber threats based on user behaviour and device behaviour to figure out how they'll impact mobile apps," Mimani, who was …

AI-focused firms to corner a bulk of Bessemer Venture’s new $350 mn India fund
2 weeks ago

AI-focused firms to corner a bulk of Bessemer Venture’s new $350 mn India fund

Live Mint  

Global venture capital firm Bessemer Venture Partners expects artificial intelligence to disrupt its investment roadmaps, with a disproportionate share of its new $350 million India-dedicated fund likely to flow into opportunities in this new-age technology that promises to transform businesses. “India is at the forefront of the AI-driven transformation, with founders building domestic as well as globally competitive businesses across …

AI profits are still a mystery to investors. A new IPO filing holds clues.
2 weeks, 2 days ago

AI profits are still a mystery to investors. A new IPO filing holds clues.

Live Mint  

Cloud firms that rent out servers have been some of the early winners in the AI revolution. But there’s a new window into AI cloud growth, thanks to the recent prospectus for the initial public offering of CoreWeave, which is planning to list its stock on the Nasdaq under the symbol CRWV. Now that CoreWeave’s financials for 2022 to 2024 …

AI firm Anthropic valued at $61.5 billion in funding round
3 weeks, 1 day ago

AI firm Anthropic valued at $61.5 billion in funding round

The Hindu  

Anthropic on Monday announced it has raised $3.5 billion in a funding round that valued the artificial intelligence startup at $61.5 billion. The funding round was led by Lightspeed Venture Partners, and the list of those taking part included Salesforce Ventures, Fidelity Management, and Bessemer Venture Partners, according to Anthropic. Along with Claude 3.7 Sonnet, the San Francisco-based company made …

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?
3 weeks, 1 day ago

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?

Live Mint  

US President Donald Trump is set to make an "investment announcement" at 1:30 p.m. TSMC’s growing investment in the US TSMC has been ramping up its US semiconductor production: In April, the company increased its planned U.S. investment to $65 billion, adding a third factory in Arizona by 2030. Major tech investments since Trump's return to office Since Trump's second …

Wipro commits $200 mn to venture arm Wipro Ventures
3 weeks, 6 days ago

Wipro commits $200 mn to venture arm Wipro Ventures

The Hindu  

Wipro Limited, a technology services and consulting company, on Wednesday said it would be committing $200 million to its venture arm, Wipro Ventures, in its latest round of funding. This is the fourth round of funding raised by Wipro Ventures since its inception 10 years ago and is aimed at accelerating the company’s investments in early- to mid-stage startups, as …

Wipro’s latest big bet on startups! Wipro Ventres raises nearly ₹1,740 crore in fourth round of fundraise
3 weeks, 6 days ago

Wipro’s latest big bet on startups! Wipro Ventres raises nearly ₹1,740 crore in fourth round of fundraise

Live Mint  

IT major Wipro on Wednesday said it will invest USD 200 million in its arm Wipro Ventures to accelerate its funding for startups in the technology innovation space. This marks the fourth funding round for Wipro Ventures since it began operations ten years ago, and is aimed at speeding up investments in startups at the early to mid-stage level, a …

Anthropic close to $3.5 billion fundraise, sources say
1 month ago

Anthropic close to $3.5 billion fundraise, sources say

The Hindu  

AI startup Anthropic is seeking $3.5 billion in a funding round that would value it at $61.5 billion, two sources familiar with the matter told Reuters on Monday. The startup behind the Claude chatbot could receive backing from venture firms Lightspeed Venture Partners, General Catalyst and Bessemer Venture Partners, the sources said. The funding round would be larger than the …

Apple to invest $500Bn to build servers and hire 20,000 people to boost US AI capabilities
1 month ago

Apple to invest $500Bn to build servers and hire 20,000 people to boost US AI capabilities

Firstpost  

A major highlight of Apple’s ambitious plan is the construction of a new advanced manufacturing facility in Houston. This site will focus on producing servers for Apple Intelligence, which were previously manufactured abroad Apple’s investment plan goes beyond manufacturing. Image Credit: Reuters Apple is going all-in on US President Donald Trump’s vision for AI with a massive $500 billion investment …

Apple to invest $500Bn to build servers and hire 20,000 people to boost US AI capabilities
Top News
1 month ago

Apple to invest $500Bn to build servers and hire 20,000 people to boost US AI capabilities

Firstpost  

A major highlight of Apple’s ambitious plan is the construction of a new advanced manufacturing facility in Houston. This site will focus on producing servers for Apple Intelligence, which were previously manufactured abroad Apple’s investment plan goes beyond manufacturing. Image Credit: Reuters Apple is going all-in on US President Donald Trump’s vision for AI with a massive $500 billion investment …

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
1 month ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
1 month ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

Robotics startup Figure AI in talks for new funding at $39.5 billion valuation, source says
1 month, 1 week ago

Robotics startup Figure AI in talks for new funding at $39.5 billion valuation, source says

The Hindu  

Robotics startup Figure AI is in talks to raise $1.5 billion in funding that would value the company at $39.5 billion, with Parkway Venture Capital expected to lead the Series C round, according to a person familiar with the matter. Major tech companies, including Nvidia, Meta Platforms and Tesla, alongside various startups, are rushing to make humanoid robots, as advanced …

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China
Trending News
1 month, 2 weeks ago

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China

Firstpost  

Amazon, Microsoft, and Alphabet each saw sharp stock declines following their fourth-quarter earnings reports, which revealed steep increases in AI-related capital spending. Microsoft and Google’s market values dropped by $200 billion as their cloud divisions reported weaker growth Microsoft CEO Satya Nadella reaffirmed his commitment to spending $80 billion to expand Azure, emphasising the importance of capitalising on its early …

Tech giants double down on their massive AI spending
1 month, 2 weeks ago

Tech giants double down on their massive AI spending

Live Mint  

Tech giants projected tens of billions of dollars in increased investment this year and sent a stark message about their plans for AI: We’re just getting started. “We think virtually every application that we know of today is going to be reinvented with AI inside of it," Amazon Chief Executive Andy Jassy said on Thursday’s earnings call. Here is a …

At $1.76 bn, startup funding at six-month high
1 month, 3 weeks ago

At $1.76 bn, startup funding at six-month high

Deccan Chronicle  

Chennai: The start of 2025 brought a wave of optimism as startups attracted venture capital of $1.76 billion in January, highest in six months. January 2025 saw a more than two-fold year-on-year jump in funding compared to January 2024 when the total funding was $719.42 million. January also recorded a 33 per cent increase in investments against December 2024 with …

DeepSeek effect: India should build cheaper AI models
1 month, 3 weeks ago

DeepSeek effect: India should build cheaper AI models

New Indian Express  

This shows that countries, especially India, need not depend on advanced hardware and that this R1 model drives home the importance of innovation. The fact that they created this platform with under $6 million investments has shaken the tech CEOs globally highlighting that game changing innovations don’t necessarily need billion-dollar investments, he added. Narendra Bhandari, General Partner, Seafund, a deeptech …

Trump announces $500bn ‘Stargate’ venture to build up AI infrastructure
2 months ago

Trump announces $500bn ‘Stargate’ venture to build up AI infrastructure

Al Jazeera  

US president says venture will be the largest AI infrastructure project in history ‘by far’. United States President Donald Trump has announced a $500bn joint venture with Texas-based tech firm Oracle, Japan’s SoftBank and ChatGPT-maker OpenAI to advance artificial intelligence infrastructure. Trump said the venture would be the largest AI infrastructure project in history “by far” and represented “a resounding …

Trump highlights partnership investing $500 billion in AI
2 months ago

Trump highlights partnership investing $500 billion in AI

Associated Press  

▶ Follow live updates on President Donald Trump’s return to Washington WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for …

‘Salesforce invests $500 million in AI innovation’
Trending News
2 months, 2 weeks ago

‘Salesforce invests $500 million in AI innovation’

The Hindu  

U.S.-based cloud software firm Salesforce on Thursday said its investment arm, Salesforce Ventures, in the last 18 months has deployed $500 million, half of the $1 billion it committed for AI innovation globally. Although the company didn’t disclose how much of these funds have come to AI start-ups in India, Salesforce chairperson and CEO Arundhati Bhattacharya said India was critical …

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development
2 months, 2 weeks ago

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development

The Hindu  

Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services, plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies. Big Tech companies are pouring billions into artificial intelligence, highlighting the growing need for robust data centers and advanced infrastructure to support AI-driven innovations and cloud services. This surge …

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024
2 months, 2 weeks ago

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024

The Hindu  

Artificial intelligence startups have contributed significantly to the recovery of U.S. venture capital funding from market lows, with the total capital raised in 2024 nearly 30% higher year-on-year, according to PitchBook data released on Tuesday. AI startups also captured a record 46.4% of the total $209 billion raised last year, compared to less than 10% a decade earlier. The enthusiasm …

Anthropic to raise $2 billion in deal valuing AI startup at $60 billion: Report
2 months, 2 weeks ago

Anthropic to raise $2 billion in deal valuing AI startup at $60 billion: Report

The Hindu  

AI startup Anthropic is in advanced talks to raise $2 billion in a deal valuing the OpenAI rival at $60 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Amazon.com late last year doubled its investment in the startup to $8 billion, as the e-commerce giant went up against Big Tech rivals in a race …

Microsoft plans to invest $3 billion on AI, cloud infrastructure in India
2 months, 2 weeks ago

Microsoft plans to invest $3 billion on AI, cloud infrastructure in India

Live Mint  

Microsoft plans to spend $3 billion over the next two years to expand its cloud and artificial-intelligence infrastructure in India, the latest in a string of investment pledges by U.S. tech giants amid booming AI computing needs. Microsoft Chief Executive Satya Nadella said at an event in Bengaluru, India, on Tuesday that the investment marks the company’s single largest expansion …

AI Startup Funding Hit a Record $97 Billion in 2024
Trending News
2 months, 2 weeks ago

AI Startup Funding Hit a Record $97 Billion in 2024

Live Mint  

-- Venture capitalists put $97 billion into artificial intelligence startups in the US last year — a new record in a year of multibillion-dollar megarounds for companies like Elon Musk’s xAI, OpenAI and Anthropic. Almost half of the total $209 billion raised by US startups last year went to AI companies, the research firm said, the highest portion on record. …

Microsoft to Spend $80 Billion on AI Data Centers This Year
2 months, 3 weeks ago

Microsoft to Spend $80 Billion on AI Data Centers This Year

Deccan Chronicle  

Microsoft Corp. plans to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence. Cloud infrastructure providers like Microsoft and Amazon.com Inc. have been racing to expand computing capacity by constructing new data centers. In the previous fiscal year ending in June 2024, Microsoft spent more than $50 billion on capital expenditures, …

VC funding review in 2024: Recovering but cautious
3 months, 1 week ago

VC funding review in 2024: Recovering but cautious

Live Mint  

However, this recovery is marked by caution, with investors remaining selective and wary of past overvaluations that plagued the startup ecosystem. Macro change Venture capital inflows into Indian startups bounced back in 2024, with funding in the first 11 months exceeding $10 billion—a 7% increase compared to the full year of 2023. The previous year’s funding crunch stemmed from global …

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development
3 months, 3 weeks ago

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development

Hindustan Times  

SoftBank is planning to buy $1.5 billion worth of OpenAI stock as its CEO Masayoshi Son looks to position the Japanese group as an artificial intelligence leader. SoftBank CEO Masayoshi Son has also publicly expressed admiration for OpenAI co-founder and CEO Sam Altman and said he frequently talks to him Son is doing this with an ambitious AI plan of …

Stellaris Venture launches its largest ever $300 million fund
3 months, 3 weeks ago

Stellaris Venture launches its largest ever $300 million fund

Live Mint  

Bengaluru: Stellaris Venture Partners, which has backed companies such as personal care brand Mamaearth and SaaS startup Whatfix, announced the launch of its largest ever fund with a corpus of $300 million on Thursday. “With this new fund, we’re excited to back founders using technology to solve deep problems in large markets," said Rahul Chowdhri, partner at Stellaris. With this …

Amazon Invests an Additional $4 Billion in AI Firm Anthropic
4 months ago

Amazon Invests an Additional $4 Billion in AI Firm Anthropic

Deccan Chronicle  

Amazon is investing an additional $4 billion in artificial intelligence startup Anthropic, boosting its stake in one of OpenAI’s chief rivals. That deal included provisions that Anthropic use Amazon Web Services data centers for some of its computing needs, as well as AWS-designed AI chips. The latest investment “establishes AWS as our primary cloud and training partner,” Anthropic said in …

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal
Trending News
4 months ago

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal

Live Mint  

Amazon is set to invest a further $4 billion in Anthropic, a San Francisco-based artificial intelligence startup, as major technology firms continue to vie for dominance in the generative AI sector. Under the agreement, Anthropic will designate Amazon Web Services as its principal training partner for developing its foundational AI models—highly advanced systems that power general-purpose AI applications such as …

Amazon to invest an additional $4 billion in AI startup Anthropic
4 months ago

Amazon to invest an additional $4 billion in AI startup Anthropic

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Amazon is investing an additional …

AI investments are booming, but venture-firm profits are at a historic low
4 months, 1 week ago

AI investments are booming, but venture-firm profits are at a historic low

Live Mint  

Silicon Valley’s venture-capital firms are having an easy time finding promising startups to back. Last year, U.S. venture firms returned $26 billion worth of shares back to their investors, the lowest amount since 2011, according to the data provider PitchBook. “We’ve raised a lot of money, and we’ve given very little back," Thomas Laffont, co-founder of investment firm Coatue Management, …

Google Cloud announces initiatives for early-stage AI startups
4 months, 2 weeks ago

Google Cloud announces initiatives for early-stage AI startups

The Hindu  

Google has announced a suite of programs and partnerships at the AI Startups Summit held yesterday in Bengaluru to accelerate the growth of artificial intelligence startups. The Emerging ISV Partner Springboard is a 12-week program designed so startups receive hands-on support from Google experts for building go-to-market assets, product refinement, technical advice and smooth onboarding to Google Cloud Marketplace. Early-stage …

AI startup funding hit a record in the L.A. area last quarter. Here’s who got the most money
4 months, 2 weeks ago

AI startup funding hit a record in the L.A. area last quarter. Here’s who got the most money

LA Times  

Anduril Industries co-founder Palmer Luckey is shown at the company’s Costa Mesa office last year. The region broke a record in the third quarter, capturing $1.8 billion in venture capital investment for AI startups with a total of 31 deals, according to a new report by research firm CB Insights. Anduril, which manufactures autonomous weapons systems, including submarine drones, has …

Early-stage investor Venture Catalysts looks at investing in chip, space-tech, AI start-ups
4 months, 3 weeks ago

Early-stage investor Venture Catalysts looks at investing in chip, space-tech, AI start-ups

The Hindu  

Start-ups working in the areas of semiconductor, defence, space technology, manufacturing automation, AI are expected to generate interest among private equity investors as their future area of investment. Then AI and there are other green sectors now,” said Apoorva Ranjan Sharma, co-founder and MD, Venture Catalysts, an early-stage investor in start-ups. Answering a question on how loss-making starts-ups are still …

Centre convenes roundtable on how to finance AI start-ups
6 months, 3 weeks ago

Centre convenes roundtable on how to finance AI start-ups

Hindustan Times  

The ministry of electronics and information technology on Tuesday held a roundtable on how to finance AI start-ups under the ‘INDIAai’ mission, during which venture capitalists, angel investors, and AI start-ups told government officials that giving grants alone do not work, and that funds should be given to entities that are actually working in the AI space, three people aware …

Google's AI chief set to invest USD 100 billion in AI development to stay ahead of rivals
11 months, 1 week ago

Google's AI chief set to invest USD 100 billion in AI development to stay ahead of rivals

India TV News  

When we speak of artificial intelligence, everything is about a smart working ecosystem along with a lot of money. As per Google's AI boss, the company is set to invest more than USD 100 billion in AI development and further aim at maintaining its edge over competitors. However, the pursuit of Artificial General Intelligence – AI capable of human-like reasoning …

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors
11 months, 2 weeks ago

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors

Associated Press  

Amazon is adding artificial intelligence visionary Andrew Ng to its board of directors, a move that comes amid intense AI competition among startups and big technology companies. The Seattle company said Thursday that Ng, a managing director at the Palo Alto, California-based AI Fund, will replace a seat vacated by Judy McGrath, a former CEO of MTV who told Amazon …

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan
11 months, 2 weeks ago

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan

Live Mint  

-- Microsoft Corp. will invest $2.9 billion over the next two years to boost its hyperscale cloud computing and artificial intelligence infrastructure in Japan, marking its biggest investment in the country. The announcement was made on Tuesday in Washington after Microsoft President Brad Smith met Japanese Prime Minister Fumio Kishida, who is in the US for the first official visit …

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan
11 months, 2 weeks ago

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan

Hindustan Times  

Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence. Microsoft's Azure, Alphabet-unit Google Cloud and Amazon Web Services are the top three cloud computing companies in the world. Server …

A Peter Thiel-backed AI startup, Cognition Labs, seeks $2 billion valuation
11 months, 3 weeks ago

A Peter Thiel-backed AI startup, Cognition Labs, seeks $2 billion valuation

Live Mint  

Cognition Labs, a startup developing an artificial intelligence tool for writing code, is in talks with investors to raise funding at a valuation of up to $2 billion, in a test of the investor frenzy around new AI technology. Silicon Valley venture firms including Founders Fund, already a shareholder in Cognition, are in talks to invest in the current round, …

Jeff Bezos’ investment in this AI startup has doubled in value in a few months. It's a major Google rival
1 year ago

Jeff Bezos’ investment in this AI startup has doubled in value in a few months. It's a major Google rival

Hindustan Times  

Amazon founder Jeff Bezos has heavily bet on Perplexity AI, a startup that is taking on the search giant Google. This means that Jeff Bezos' investment has nearly doubled in the company in just a few months as Perplexity AI has reached 10 million monthly active users. In January this year, Perplexity reached 10 million monthly active users and served …

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race
1 year ago

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race

Hindustan Times  

India will invest $1.2 billion in a wide range of artificial intelligence projects as the world's most populous country stakes a claim to the burgeoning sector. Junior minister Rajeev Chandrasekhar said the investment "will catalyze India's AI ecosystem and position it as a force shaping the future of AI for India and for the world". OpenAI chief executive Sam Altman …

Google invests $8 million to support Israeli AI firms, Palestinian startups
1 year, 2 months ago

Google invests $8 million to support Israeli AI firms, Palestinian startups

Hindustan Times  

Alphabet-owned Google on Wednesday said that it is investing over $8 million to help the business of Israeli tech firms and Palestinian businesses. Google cited the importance of these small companies to grow in the tech space, saying that $4 million will be invested in Israeli AI firms, while the rest $4 million will be used as funding for early-stage …

Google set to invest $2 billion in Anthropic- OpenAI's competitor
1 year, 4 months ago

Google set to invest $2 billion in Anthropic- OpenAI's competitor

India TV News  

Google is set to invest $2 billion in the AI startup Anthropic, created by former members of OpenAI, as competition in the AI field intensifies. In September, Amazon also announced plans to invest as much as $4 billion in Anthropic, securing a minority ownership position in the firm, reflecting the fierce competition within the growing generative AI sector dominated by …

GenAI startups biggest driver of unicorns, says VC firm Accel
1 year, 5 months ago

GenAI startups biggest driver of unicorns, says VC firm Accel

The Hindu  

Generative artificial intelligence companies have become the major driver of unicorns -- startups reaching $1 billion valuation -- with 60% of the new ones falling in this category, according to a report from venture capital firm Accel. Funding in European and Israeli GenAI startups was close to $1 billion in the last 12 months compared with over $14 billion in …

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
1 year, 6 months ago

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

The Hindu  

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the agreement, Anthropic is making Amazon its …

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
1 year, 6 months ago

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

Associated Press  

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the agreement, Anthropic is making Amazon its …

Nvidia's dominance in AI chips deters funding for startups
1 year, 6 months ago

Nvidia's dominance in AI chips deters funding for startups

The Hindu  

Nvidia's supremacy in building computer chips for artificial intelligence has chilled venture funding for would-be rivals, investors said, with the number of U.S. deals this quarter falling 80% from a year ago. Nvidia has "indirectly" contributed to overall AI chip fundraising woes, because investors want "Home run only type investments with a huge investment, huge return," Mythic CEO Dave Rick …

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