Elon Musk's xAI is in talks with investors to raise $3B in a funding round that would value the artificial intelligence startup at $18B.
Monday, April 8, 2024There have been reports of the open source pioneer Mistral seeking several hundred million dollars of funding to train more models.
Altera is building digital human beings, starting with agents who can play any game with you, just like a friend. The company raised $9 million in an oversubscribed seed round, co-led by First Spark Ventures (Eric Schmidt's deep-tech fund) and Patron (the seed-stage fund co-founded by Riot Games alums).
- Scale AI secures a massive $1 billion in Series F funding led by Accel to fuel its AI data services.
The monstrous series F comes from Accel and previous investors. Demand for the services provided is enormous and Scale is uniquely positioned to continue powering the modern AI data wave.
H, which aims to build action models and was started by DeepMind scientists, raised a monster seed round. Another win for French AI talent.
xAI has announced a $6 billion Series B funding round led by top investors to advance its AI systems, including the Grok-1 models with enhanced capabilities. The funding will fuel product go-to-market strategies, infrastructure, and R&D.
Mistral, a Paris-based AI startup, turns 1 year old today. It announced a monster series B funding raise.
Decentralized social platform Lens Protocol was offered 0.5% of the total ZK supply ($22.4 million) to build in the ZKsync ecosystem.
Cohere, a Canadian AI startup focused on large language models, has reached a $5.5B valuation following a $500M Series D funding round. The new funds aim to enhance its enterprise-grade AI tech for global business efficiency. Key investors include PSP Investments, Cisco, Fujitsu, AMD Ventures, and EDC.
The legal startup, now a unicorn, has raised from Google ventures and others to continue its push into big law firms.
Groq, the lightning-fast AI chip startup, is raising a substantial round to meet demand for large language model inference.
Cursor raised a Series A to continue building its AI-powered coding IDE.
Known for its AI-driven video generation service, Viggle AI secured $19 million in Series A funding led by Andreessen Horowitz. The Toronto-based startup will use the investment to enhance its AI capabilities and expand its market presence. Viggle AI's unique JST-1 model offers realistic character movements, setting it apart from competitors.
OpenAI is reportedly in talks to raise funds at a valuation of more than $100 billion, substantially higher than the company's previous $86 billion valuation. Investors include Thrive Capital and Microsoft. The financing will be OpenAI's biggest outside infusion of capital since Microsoft invested nearly $10 billion in January last year. While OpenAI's revenue eclipsed $3.4 billion early this year, the company is on track to lose nearly $5 billion by year end. It has already burned through $8.5 billion on AI training and staffing.
OpenAI is in discussions to raise several billion dollars in a new funding round led by Thrive Capital that would value the company above $100 billion, with Microsoft also expected to participate.
You.com, a search engine, agent platform, and knowledge base company, has raised additional funds as it continues to grow.
The raise will allow Sakana to continue growing its compute capabilities, hire more researchers, and generally become a leading AI lab in Japan.
OpenAI's latest fundraising round is nearing completion. Prospective investors will find out on Friday whether they'll be part of the deal. The $6.5 billion funding round is oversubscribed, with an excess of demand in the billions of dollars. It is set to value OpenAI at $150 billion. Thrive Capital is rumored to be leading the round with a check for $1.25 billion.