AI startups drive VC funding resurgence, capturing record U.S. investment in 2024
1 day, 13 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 for AI technology, largely sparked by the breakout success of OpenAI’s ChatGPT since late 2022, has helped revive venture capital funding after companies sought to establish true valuations in the post zero-interest-rate environment. Among venture capital funds some $76 billion was raised in 2024, the lowest in five years, with major funds like Andreessen Horowitz and General Catalyst securing major pieces of the pie.

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History of this topic

‘Salesforce invests $500 million in AI innovation’
Trending News
1 hour, 53 minutes 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 …

Venture capital needs a new Math. Try this formula.
1 day, 6 hours ago

Venture capital needs a new Math. Try this formula.

Live Mint  

Successful exits, the transactions that let founders and early investors cash out with significant gains, have become vanishingly few and far between. To survive, let alone prosper, they need an alternative to the traditional venture capital math based on big-number investments, $1 billion-plus valuations and gargantuan exits. “So imagine a company that gets funded today at $1 billion—join the IPO …

Microsoft plans to invest $3 billion on AI, cloud infrastructure in India
2 days, 7 hours 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 days, 12 hours 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 plans to invest $80 billion on AI-enabled data centers in fiscal 2025
6 days, 17 hours ago

Microsoft plans to invest $80 billion on AI-enabled data centers in fiscal 2025

CNN  

Reuters — Microsoft is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence models and deploy AI and cloud-based applications, the company said in a blog post on Friday. AI requires enormous computing power, pushing demand for specialized data centers that enable tech companies to link thousands of chips together in clusters. …

Companies expected to increase Gen AI investments by half this year
1 week, 1 day ago

Companies expected to increase Gen AI investments by half this year

Live Mint  

Companies worldwide are expected to spend 50% more on adopting generative AI technologies in 2025 compared to last year, according to a report from an American technology research and IT advisory firm. Last year, seven IT services firms, including Accenture Plc., Cognizant Technology Solutions Corp., and Capgemini SE, flagged the rise of AI and GenAI tools as a risk factor …

Fintech’s new fuel: Venture debt takes centrestage amid a funding crunch
1 week, 4 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, 2 days 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 …

Databricks is Raising $10B Series J Investment at $62B Valuation
3 weeks, 1 day ago

Databricks is Raising $10B Series J Investment at $62B Valuation

Deccan Chronicle  

Hyderabad: Databricks, the Data and AI company, announced its Series J funding. We are positioning the Databricks Data Intelligence Platform to deliver long-term value for our customers and our team is committed to helping companies across every industry build data intelligence,” said Ali Ghodsi, Co-Founder and CEO of Databricks. “We’re building transformative data and AI infrastructure and excited to move …

Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round
1 month ago

Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round

Deccan Chronicle  

Elon Musk’s xAI has raised $6 billion in new capital, according to a regulatory filing, wrapping up a funding round that has been in the works for months and was said to value the artificial intelligence startup at more than $40 billion. Bloomberg News reported in October that xAI was seeking new funding at a $40 billion valuation, not including …

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November
1 month ago

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November

New Indian Express  

Meanwhile, private equity funding in start-ups stood at $4.69 billion in January-November 2024, compared to $4.59 billion in 2023 and $14.95 billion in 2022 during the same period. Zepto raised $665 million in June and in August, it raised $340 million, and these were the top two funding rounds in 2024 so far. Late-stage funding remains cautious, with constrained valuations.” …

Forbes 30 Under 30 2025: 8 Indian-origin innovators shine in AI category
1 month ago

Forbes 30 Under 30 2025: 8 Indian-origin innovators shine in AI category

Live Mint  

Eight individuals of Indian origin have been recognized in the prestigious Forbes 30 Under 30 list for class of 2025 in the Artificial Intelligence category. The 2025 Forbes 30 Under 30 list of eight Indian-origin individuals in the AI category are Surya Midha, Adarsh Hiremath, Nikhil Cheerla, Nischal Nadhamuni, Anand Kannappan, Sneha Revanur, Arjun Desai, and Aman Sanger. Sneha Revanur …

Sam Altman-led OpenAI targets 1 billion users by 2025 on the back of Apple partnership
1 month, 1 week ago

Sam Altman-led OpenAI targets 1 billion users by 2025 on the back of Apple partnership

Firstpost  

“If you get to that threshold, you’re competing with Google and Facebook,” a venture capital investor said OpenAI is aiming to reach 1 billion users by 2025 as it rolls out new artificial intelligence products, builds its own data centres, and strengthens its partnership with Apple. The San Francisco-based company, known for its ChatGPT chatbot with 250 million weekly active …

Elon Musk plans to launch a new chatbot to take on OpenAI: Report
1 month, 1 week ago

Elon Musk plans to launch a new chatbot to take on OpenAI: Report

Hindustan Times  

Elon Musk is planning to launch a new chatbot to further scale his artificial intelligence startup xAI and take on OpenAI which he also had co-founded, but left in 2018 due to a power struggle. This comes as a by-product of Musk pushing contractors to build Colossus, a massive new data centre in Memphis, Tennessee, in just 122 days with …

'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 …

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report
1 month, 1 week ago

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report

Hindustan Times  

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. OpenAI logo is seen in this illustration taken on February 3 SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup …

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal
Trending News
1 month, 2 weeks 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 …

Elon Musk’s startup xAI valued at $50 billion in new funding round
1 month, 2 weeks ago

Elon Musk’s startup xAI valued at $50 billion in new funding round

Live Mint  

Elon Musk’s artificial intelligence startup, xAI, has told investors it raised $5 billion in a funding round valuing it at $50 billion—more than twice what it was valued at several months ago. Investor interest in Musk’s businesses, including xAI and SpaceX, have increased since Donald Trump won the presidential election. xAI, which launched in July of last year, plans to …

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, …

Self-Driving Startup Pony.ai Seeks Up to $195 Million in US IPO
1 month, 3 weeks ago

Self-Driving Startup Pony.ai Seeks Up to $195 Million in US IPO

Live Mint  

-- Pony.ai Inc. is looking to raise as much as $195 million from its US initial public offering as automotive-related companies lead a modest pickup in Chinese listings. Investment Global Co., a wholly owned subsidiary of Beijing Automotive Group Co., and ComfortDelGro Ventures Pte Ltd. indicated an interest in purchasing up to roughly $75 million worth of the offering. Guangzhou …

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, 1 week 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 …

OpenAI is reportedly changing its non-profit structure for IPO next year, eyes $150 bn valuation
3 months, 3 weeks ago

OpenAI is reportedly changing its non-profit structure for IPO next year, eyes $150 bn valuation

Firstpost  

OpenAI’s journey began in 2015 as a non-profit organisation, funded by donations that totalled around $130.5 million. OpenAI is expected to raise a new round of financing through convertible notes, with its valuation potentially reaching $150 billion In recent years, OpenAI’s revenue has experienced strong growth, with reports suggesting that it doubled its annualised revenue in the first half of …

OpenAI Says ChatGPT Now Has 200 Million Weekly Active Users
4 months ago

OpenAI Says ChatGPT Now Has 200 Million Weekly Active Users

News 18  

– AI startup OpenAI said on Thursday its chatbot ChatGPT now has more than 200 million weekly active users, double the number it had in the last fall season. ChatGPT, launched in 2022, can generate human-like responses based on user prompts and had 100 million weekly active users, OpenAI CEO Sam Altman had said in November. OpenAI said 92% of …

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 …

Centre convenes roundtable on how to finance AI start-ups
4 months, 1 week 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 …

Perplexity AI to launch ads on search platform by fourth quarter
4 months, 2 weeks ago

Perplexity AI to launch ads on search platform by fourth quarter

The Hindu  

Nvidia and Jeff Bezos-backed Perplexity AI said on Thursday that it plans to introduce advertising on its artificial intelligence-powered search platform by the fourth quarter. Since ChatGPT first launched in November 2022, major search engines have been trying to integrate AI into web search, and analysts have viewed AI-assisted search as a threat to Google's dominant position in the industry …

Race for AI talent heats up amid demand
4 months, 3 weeks ago

Race for AI talent heats up amid demand

China Daily  

Contestants participate in the China Robotics and Artificial Intelligence Competition in Hefei, Anhui province, on Sunday. In a reflection of the tight global race to attract AI talent, Tesla CEO Elon Musk said in April on the social platform X that his company was increasing salaries and compensation for staff members on Tesla's AI engineering team, after OpenAI, an AI …

Race for AI talent heats up amid demand
4 months, 3 weeks ago

Race for AI talent heats up amid demand

China Daily  

Contestants participate in the China Robotics and Artificial Intelligence Competition in Hefei, Anhui province, on Sunday. In a reflection of the tight global race to attract AI talent, Tesla CEO Elon Musk said in April on the social platform X that his company was increasing salaries and compensation for staff members on Tesla's AI engineering team, after OpenAI, an AI …

The big risk for the market: Becoming an AI echo chamber
4 months, 3 weeks ago

The big risk for the market: Becoming an AI echo chamber

Live Mint  

Whatever you think of it, generative artificial intelligence has proven adept at something: generating profits for other AI projects. Digging a bit further into the broad moniker of “AI firms," however, might also help explain the market’s recent concerns. The former group involves “AI implementation" firms that develop tools such as the large language models popularized by OpenAI’s ChatGPT since …

OpenAI sought Intel's investment 7 years ago but this decision changed AI race
5 months ago

OpenAI sought Intel's investment 7 years ago but this decision changed AI race

Hindustan Times  

For US chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} About seven years ago, the company had the chance to buy a stake in OpenAI, then a fledgling non-profit research organization working in a little-known field called generative artificial …

Get ready for more AI mania this earnings season
5 months, 4 weeks ago

Get ready for more AI mania this earnings season

Live Mint  

Artificial intelligence is about to be the undisputed star of yet another earnings season. This would make it the best quarter for earnings growth since the January-to-March period of 2022, confirming that companies have left behind the period when inflation eroded profit margins. In the second quarter, S&P 500 firms that should benefit directly from the technology are expected to …

Training AI costs around $1 billion now, can go up to $100 billion in 3 years: Anthropic CEO
6 months ago

Training AI costs around $1 billion now, can go up to $100 billion in 3 years: Anthropic CEO

Hindustan Times  

AI models which are in development today can cost up to $1 billion to train, Dario Amodei, the CEO of Anthropic, a US-based artificial intelligence startup, said in the In Good Company podcast. Current models like ChatGPT-4o cost about $100 million to train, but this cost for training is expected to reach $10-100 billion in as little as three years, …

Tech investor Sean Parker leads rescue of struggling AI startup
6 months, 2 weeks ago

Tech investor Sean Parker leads rescue of struggling AI startup

Live Mint  

Investors including ex-Facebook President Sean Parker are committing $80 million to take over Stability AI, an image-generation startup that took off with the artificial-intelligence boom but quickly ran into business problems. Despite its problems, Parker said the company’s core technology remained popular, which gave him faith it could become financially successful. “Stability has an enormous amount of influence and distribution …

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 …

OpenAI doubles annualised revenue to $3.4 billion, says report
6 months, 3 weeks ago

OpenAI doubles annualised revenue to $3.4 billion, says report

Live Mint  

OpenAI is on pace for $3.4 billion of annual revenue, Chief Executive Officer Sam Altman told the company’s staff, according to a person familiar with the matter. In an all-hands meeting Wednesday, Altman said the vast majority of that revenue — about $3.2 billion — comes from OpenAI’s products and services, according to the person, who spoke on condition of …

Global AI Chips revenue will grow 33% in 2024: Gartner
7 months, 1 week ago

Global AI Chips revenue will grow 33% in 2024: Gartner

The Hindu  

Revenue from artificial intelligence semiconductors globally is expected to total $71 billion in 2024, a rise of 33% from 2023, according to the latest forecast by Gartner, Inc. “Today, generative AI is fueling demand for high-performance AI chips in data centres,” said Alan Priestley, VP Analyst at Gartner. “In 2024, the value of AI accelerators used in servers, which offload …

Elon Musk's xAI raises $6 billion in Series B funding round
7 months, 1 week ago

Elon Musk's xAI raises $6 billion in Series B funding round

Hindustan Times  

Elon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital among others, the company said in a blog post on Sunday. Tech billionaire Elon Musk arrives at Ngurah Rai International airport in Denpasar on Indonesia's Bali island. The money will be used to take xAI's …

India's AI Spending Forecasted to Reach $5.1 Billion by 2027: Intel-IDC Report
7 months, 3 weeks ago

India's AI Spending Forecasted to Reach $5.1 Billion by 2027: Intel-IDC Report

News 18  

Intel and IDC have unveiled a joint report assessing the Artificial Intelligence maturity level across eight markets, including India. The report highlighted that India’s AI spending is forecasted to experience the swiftest expansion among the examined markets, with a projected Compound Annual Growth Rate of 31.5 per cent from 2023, reaching $5.1 billion by 2027. According to the report, India, …

Elon Musk’s xAI nears funding at $18 billion value soon as this week
8 months ago

Elon Musk’s xAI nears funding at $18 billion value soon as this week

Hindustan Times  

Elon Musk’s artificial intelligence startup X.AI Corp. is set to close its funding round at a valuation of about $18 billion as soon as this week, according to people familiar with the matter. Tesla CEO Elon Musk and his security detail depart the company's local office in Washington, US. The maker of AI chatbot assistant Grok was set to raise …

Musk’s xAI is raising $6 billion from Sequoia and others
8 months, 2 weeks ago

Musk’s xAI is raising $6 billion from Sequoia and others

The Hindu  

Elon Musk’s AI startup xAI is raising $6 billion at a valuation of $18 billion, according to a report by The Information. The funding round will see participation from Sequoia Capital and Future Ventures, the venture capital fund started by Musk’s friend and SpaceX board member, Steve Jurvetson. A TechCrunch report has revealed that all of Musk’s companies are interlinked …

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 …

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan
8 months, 4 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 …

Elon Musk's xAI could be valued at $18 billion. Here's how
9 months ago

Elon Musk's xAI could be valued at $18 billion. Here's how

Hindustan Times  

xAI, the artificial intelligence firm launched by Elon Musk in July last year, could potentially be valued at $18 billion as investors close to the billionaire are in talks to raise $3 billion, an amount that will take the company to the said valuation, The Wall Street Journal has reported. Elon Musk Those considering putting money into xAI include venture …

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, …

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