Amazon and Meta Invest $1 Billion in Scale AI, Valuing Company at $14 Billion
Tuesday, artificial intelligence startup Scale AI said it had raised $1 billion in a Series F funding round. This puts the value of the enterprise...
Snapchat Plans to Invest $1.5 Billion Annually in AI
According to the CEO of Snap, the company that created Snapchat, the messaging app is investing more money in machine learning and artificial intelligence (AI)....
Snowflake in Negotiations to Acquire Reka AI for $1 Billion
People familiar with the matter say that snowflake Inc. is in talks to buy startup Reka AI for more than $1 billion. This would extend...
OpenAI Startup Fund raises $5 million more
The U.S. Securities and Exchange Commission reports that the OpenAI Startup Fund, a venture fund that invests in early-stage AI companies and recently transferred legal...
Elon Musk’s AI startup xAI is raising $6 billion at a value of $18 billion
Elon Musk's AI startup, xAI, is almost certain to get a $6 billion investment at a value of $18 billion. This shows that artificial intelligence...
OpenAI Startup Fund Raises $15 Million Quietly
The OpenAI Startup Fund, a venture fund that is connected to OpenAI but not the same as it, has quietly closed a $15 million tranche....
Perplexity AI’s potential value could reach $3 Billion. Find out why!
Perplexity AI's most recent big fundraising event may be quickly surpassed by an even bigger one. The startup raised $62.7 million at a valuation of...
Generative AI ‘FOMO’ is driving tech giants to invest billions of dollars in startups
The lack of acquisition activity by tech giants these days is mostly caused by an unfavourable regulatory environment. However, they're coming up with other ideas...