AI Startup Funding Hit a Record $97 Billion in 2024
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2 days, 1 hour 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. While more cash gets lavished on artificial intelligence companies, many plain-vanilla startups in formerly hot sectors like enterprise software are having trouble raising money at once achievable valuations, reflecting a longstanding post-pandemic trend in the industry. A closely watched metric of initial public offerings and acquisitions of startups — also called exits — brought in $149.2 billion for the year, almost $30 billion more than 2023 and about the same as 2022.

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History of this topic

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024
1 day, 2 hours 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 …

Startup funding recovers to $14.44 bn in 2024
5 days, 16 hours ago

Startup funding recovers to $14.44 bn in 2024

Deccan Chronicle  

Chennai: Funding in the startup ecosystem recovered to $14.44 billion in 2024 from $11.3 billion in the previous year. Indian startups raised a total of $14.44 billion across 1,337 deals in 2024 against $11.3 billion in 2023. In 2024, startups saw the lowest funding of $719.42 million in January and highest of $1.92 billion in June. Health tech secured 120 …

Fintech’s new fuel: Venture debt takes centrestage amid a funding crunch
1 week, 3 days ago

Fintech’s new fuel: Venture debt takes centrestage amid a funding crunch

Live Mint  

As venture capital investments into India’s financial technology sector plunged this year amid stringent regulatory oversight, fintech companies found another funding source become more readily available: venture debt. Consumer startups followed, raising $459 million in venture debt across 55 rounds this year, marking a 10% growth from the $416.4 million of venture debt they raised in 2023. Sharma said credit …

Elon Musk’s xAI raises $6 billion funding from BlackRock, Nvidia, AMD, and others
2 weeks, 1 day ago

Elon Musk’s xAI raises $6 billion funding from BlackRock, Nvidia, AMD, and others

Live Mint  

Billionaire Elon Musk's artificial intelligence company on Monday, December 23, raised $6 billion from marquee investors like BlackRock, Nvidia Corp., and AMD, among others, to expand AI infrastructure, according to the company's official blog note posted on Monday. This is the second funding round in 2024; the first was a Series B round in May 2024. xAI raised $6 billion …

Public procurements may come with startup quotas
1 month ago

Public procurements may come with startup quotas

Live Mint  

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development
1 month, 1 week 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 …

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report
1 month, 1 week ago

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report

Live Mint  

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round, according to CNBC, which …

AI investments are booming, but venture-firm profits are at a historic low
1 month, 3 weeks 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, …

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

The Supercycle of AI: How Startups Can Tap into the Next Big Thing
2 months, 1 week ago

The Supercycle of AI: How Startups Can Tap into the Next Big Thing

Live Mint  

Venture capitalist Martin Casado discusses the potential of AI for investors. He highlights three use cases that are working well now: creative composition, companionship, and code. Casado also discusses the challenges of AI, including the need for data, computing power, and data centers. He emphasizes that the next epoch of AI growth will be driven by exponential scales, requiring 10 …

Four young guns share secrets to successful startups
3 months ago

Four young guns share secrets to successful startups

China Daily  

Gao Boting, founder of Shanghai Jobly AI. My research on TRNS therapy was at the cutting edge of brain science, which I believe has paved the way for my work in AI," said Gao. "Being in a burgeoning field, the competitive pressure is somewhat less intense since everyone is still in a stage of exploration and learning," said Gao. My …

OpenAI raises $6.6 billion in funds at $157-billion valuation
3 months, 1 week ago

OpenAI raises $6.6 billion in funds at $157-billion valuation

LA Times  

OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157-billion valuation and bolstering its efforts to build the world’s leading generative AI technology. Microsoft Corp., OpenAI’s largest backer, put in about $750 million, on top of the $13 billion it had already invested in the startup, according to a person familiar …

Start-up funding falls 7% to $7.6 billion in January-September
3 months, 2 weeks ago

Start-up funding falls 7% to $7.6 billion in January-September

New Indian Express  

NEW DELHI: Indian start-ups have secured only $7.6 billion in funding in the last nine months, marking a 7% decline from $8.2 billion in 2023 and a 66% fall from $22.4 billion funding in 2022. The retail sector managed to attract $1.95 billion in funding so far this year, and this is a 23% increase from 2023 but a 61% …

Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff
4 months, 1 week ago

Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff

The Hindu  

Apple, Nvidia expected to join OpenAI funding Apple and Nvidia are in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, according to media reports on Thursday. OpenAI has become increasingly important to Apple’s artificial intelligence strategy, with the iPhone maker bringing the AI firm’s chatbot, ChatGPT, to …

French AI Startups Felt Unstoppable. Then Came the Election
6 months, 1 week ago

French AI Startups Felt Unstoppable. Then Came the Election

Wired  

French president Emmanuel Macron has spent years dreaming aloud of a homegrown artificial intelligence giant. Like Altman, Mensch was able to command vast amounts of capital: Mistral’s $6 billion valuation fell far short of OpenAI’s $80 billion price tag, but still—this was validation. Yet when Macron called a shock snap election earlier this month, the AI industry quickly began to …

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study
6 months, 2 weeks ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News  

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

Google's AI chief set to invest USD 100 billion in AI development to stay ahead of rivals
8 months, 3 weeks 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 …

A Peter Thiel-backed AI startup, Cognition Labs, seeks $2 billion valuation
9 months, 1 week 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, …

More funding needed for women-led AI start-ups, report says
9 months, 3 weeks ago

More funding needed for women-led AI start-ups, report says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Female-led AI start-ups are being left behind in terms of investment funding, despite …

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

India’s AI market seen touching $17 billion by 2027: Report
10 months, 2 weeks ago

India’s AI market seen touching $17 billion by 2027: Report

The Hindu  

February 21, 2024 10:16 am | Updated 12:24 pm IST - MUMBAI India’s artificial intelligence market is projected to touch $17 billion by 2027, growing at an annualised rate of 25-35% between 2024 and 2027, IT industry body Nasscom and consulting firm BCG said on Tuesday, citing a joint report studying AI-powered tech in the country. The growth is seen …

India's AI market to reach USD 17 billion by 2027: Nasscom
10 months, 2 weeks ago

India's AI market to reach USD 17 billion by 2027: Nasscom

India TV News  

India’s artificial intelligence market is booming, and it is likely to grow at a 25 per cent compound annual growth rate to reach USD 17 billion by 2027, with similar growth in artificial intelligence investments. This growth has been fueled by multiple factors which include increasing enterprise tech spending, India’s growing AI talent base and a significant increase in AI …

Google Launches €25 Million AI Opportunity Initiative for Europe. Details
10 months, 3 weeks ago

Google Launches €25 Million AI Opportunity Initiative for Europe. Details

ABP News  

Google has announced a significant investment of 25 million euros from Google.org. Specifically, the initiative targets aiding vulnerable and marginalised communities in Europe, ensuring they have access to AI training and skills development opportunities. So today, we are launching the AI Opportunity Initiative for Europe, to help provide training and skills to support people and countries to be successful in …

Google invests $8 million to support Israeli AI firms, Palestinian startups
11 months, 2 weeks 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 …

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData
1 year ago

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData

Live Mint  

Indian startups witnessed a 65.8% drop in funding in terms of value between January and November 2023, according to a report by Times of India. Citing data from GlobalData, Indian startups raised $6.9 billion across 1,013 venture capital funding deals in the past 11 months this year. Among the top VC funding deals in Indian startups this year were- $250 …

Chancellor pledges £500m investment to boost UK AI development
1 year, 1 month ago

Chancellor pledges £500m investment to boost UK AI development

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 The Government has pledged to …

Google set to invest $2 billion in Anthropic- OpenAI's competitor
1 year, 2 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, 2 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, 3 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, 3 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, 3 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 …

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18
1 year, 11 months ago

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said, ‘The major push for startups happened in 2016 when the honourable Prime Minister announced a policy. And subsequently year after year giving concessions’ New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that funds are waiting to see more innovative startups from India and assured that there is no scarcity of funding. In an …

Startup Funding Declines 33% Quarterly To $6.9 billion During April-June 2022
2 years, 6 months ago

Startup Funding Declines 33% Quarterly To $6.9 billion During April-June 2022

News 18  

Indian startups raised $6.9 billion in 409 funding rounds during April-June 2022, which was down by 33 per cent as compared with $10.3 billion mopped up in the previous quarter. Through this report, we aim to give industry stakeholders key insights into the ecosystem that would help in business decision making backed by extensive market intelligence and thorough research and …

Exclusive: 57 Startups Raise Above $100 Million This Year, Only 3.5% Were Profitable
2 years, 6 months ago

Exclusive: 57 Startups Raise Above $100 Million This Year, Only 3.5% Were Profitable

News 18  

Even as startups have been resorting to lay-offs to cut costs amid the current volatile and uncertain market conditions, data sourced by news18.com shows that the finances of the firms are under stress as the number of profitable companies has come down this year. The data reveals that only 3.5 per cent of the startups raising $100 million or above …

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees
2 years, 7 months ago

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees

News 18  

Although start-ups are resorting to lay-off of employees as they cite cost-cutting as the primary reason, data show that the overall funding for these new-generation enterprises during January-April this year is almost the same as last year and even the number of companies raising over USD 100 million is also higher than last year. Interestingly, the data showed that the …

Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic
3 years, 11 months ago

Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic

Firstpost  

Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. “Weathering negative sentiment, seed stage investment deals grew by 50 percent from $353 million over 420 deals in 2019 to $372 million over 672 deals in 2020. The report said Bengaluru, …

Indian Startups Received $10.14 Billion in Funding in 2020; E-Commerce, Edtech Biggest Gainers: Report
3 years, 11 months ago

Indian Startups Received $10.14 Billion in Funding in 2020; E-Commerce, Edtech Biggest Gainers: Report

News 18  

Indian startups are estimated to have received USD 10.14 billion in funding across more than 1,200 deals in 2020 despite the Covid-19 crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019, the number of deals were higher by 20 per cent, the report said. “Weathering negative sentiment, …

Venture capitalists still investing in startups, despite Covid crisis
4 years, 2 months ago

Venture capitalists still investing in startups, despite Covid crisis

NL Times  

Despite the coronavirus pandemic, startups worldwide are still getting investments from venture capitalists. In the Netherlands, startups raised 591.2 million dollars in the third quarter, more than double the 252.4 million dollars raised in the quarter before, according to a study by KPMG and additional figures the accountancy firm provided to NL Times. Over the past few quarters, investors particularly …

Global AI Market to See 12.3% Growth in 2020, Revenues to Reach $156.5bn: IDC
4 years, 5 months ago

Global AI Market to See 12.3% Growth in 2020, Revenues to Reach $156.5bn: IDC

News 18  

Worldwide revenues for the Artificial Intelligence market, including software, hardware, and services, are expected to total $156.5 billion in 2020, a growth of 12.3 per cent over the previous year, according to a new forecast by International Data Corporation. Worldwide AI market revenue revenues are likely to surpass $300 billion in 2024 with a five-year compound annual growth rate of …

Indian tech-led startups attract funding worth $2.5 billion in first quarter of 2020, up 14% on-year: Report
4 years, 8 months ago

Indian tech-led startups attract funding worth $2.5 billion in first quarter of 2020, up 14% on-year: Report

Firstpost  

Indian tech-led startups attracted funding worth $2.5 billion in the first quarter of 2020, a 14 percent rise compared to the same period last year, a report by research and consulting firm HexGn said New Delhi: Indian tech-led startups attracted funding worth $2.5 billion in the first quarter of 2020, a 14 percent rise compared to the same period last …

Five Dutch companies club together to fund university AI researchers
5 years, 2 months ago

Five Dutch companies club together to fund university AI researchers

Dutch News  

Five of the Netherlands’ biggest companies have clubbed together to pay for new professors in Artificial Intelligence, following reports earlier this year that universities are going to limit the number of places because of staff shortages. Ahold Delhaize, Philips, KLM, ING and Dutch railway group NS will pay towards the salaries of at least 25 new academics as part of …

Five Dutch companies club together to fund university AI researchers
5 years, 2 months ago

Five Dutch companies club together to fund university AI researchers

Dutch News  

Five of the Netherlands’ biggest companies have clubbed together to pay for new professors in Artificial Intelligence, following reports earlier this year that universities are going to limit the number of places because of staff shortages. Ahold Delhaize, Philips, KLM, ING and Dutch railway group NS will pay towards the salaries of at least 25 new academics as part of …

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