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#generative-ai

Stripe CFO joins the board of $3 billion AI startup Vercel

Vercel adds Steffan Tomlinson, Stripe's CFO, to its board to aid potential public market ambitions.

EXCLUSIVE: Perplexity is raising $250M+ at a $2.5-$3B valuation for its AI search platform, sources say

Perplexity is a highly sought-after AI startup experiencing significant valuation growth and raising additional funding rounds.

Stripe CFO joins the board of $3 billion AI startup Vercel

Vercel adds Steffan Tomlinson, Stripe's CFO, to its board to aid potential public market ambitions.

EXCLUSIVE: Perplexity is raising $250M+ at a $2.5-$3B valuation for its AI search platform, sources say

Perplexity is a highly sought-after AI startup experiencing significant valuation growth and raising additional funding rounds.
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#funding

Elon Musk's AI Company Announces Ungodly Sum of Money to Beat OpenAI

Elon Musk's xAI artificial intelligence startup raised $6 billion, becoming the second most valuable AI startup at $24 billion, but still trailing behind OpenAI with over $80 billion.

Jeff Bezos backs AI chipmaker Tenstorrent | TechCrunch

Tenstorrent raised $693 million to advance AI hardware with plans for new processors and a focus on building its engineering team.

Ex-Twitter CEO Parag Agrawal raises $30 million for his AI startup: Report

Former Twitter CEO Parag Agrawal has raised $30 million for his AI startup.
The funding was led by Khosla Ventures, with participation from Index Ventures and First Round Capital.

Startup Praktika raises 28 Million to bring personalised AI tutors to language learning

Praktika secures 28 million funding to offer AI-generated virtual private tutors for language learning.

DeepL, the AI language translation startup, nabs $300M on a $2B valuation to focus on B2B growth | TechCrunch

AI startup DeepL secures $300 million in funding, now valued at $2 billion, to boost sales and marketing efforts and research and development.

UK's Wayve raises $1B in Europe's largest ever AI funding round

Wayve, a London-based AI startup working on embodied AI systems for autonomous vehicles, secured $1bn in funding, led by SoftBank, Nvidia, and Microsoft.

Elon Musk's AI Company Announces Ungodly Sum of Money to Beat OpenAI

Elon Musk's xAI artificial intelligence startup raised $6 billion, becoming the second most valuable AI startup at $24 billion, but still trailing behind OpenAI with over $80 billion.

Jeff Bezos backs AI chipmaker Tenstorrent | TechCrunch

Tenstorrent raised $693 million to advance AI hardware with plans for new processors and a focus on building its engineering team.

Ex-Twitter CEO Parag Agrawal raises $30 million for his AI startup: Report

Former Twitter CEO Parag Agrawal has raised $30 million for his AI startup.
The funding was led by Khosla Ventures, with participation from Index Ventures and First Round Capital.

Startup Praktika raises 28 Million to bring personalised AI tutors to language learning

Praktika secures 28 million funding to offer AI-generated virtual private tutors for language learning.

DeepL, the AI language translation startup, nabs $300M on a $2B valuation to focus on B2B growth | TechCrunch

AI startup DeepL secures $300 million in funding, now valued at $2 billion, to boost sales and marketing efforts and research and development.

UK's Wayve raises $1B in Europe's largest ever AI funding round

Wayve, a London-based AI startup working on embodied AI systems for autonomous vehicles, secured $1bn in funding, led by SoftBank, Nvidia, and Microsoft.
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#funding-round

Enterprise-Focused AI Startup Sierra Aims to Raise $85M

Sierra, an enterprise-focused AI startup, is expected to achieve unicorn status with an $85 million funding round led by Sequoia Capital.
The success of OpenAI's ChatGPT has attracted significant attention and capital from investors in the AI industry.

Elon Musk's startup xAI is now reportedly worth more than what the billionaire paid for Twitter

Elon Musk's xAI has reached a valuation of $50 billion, doubling since spring and surpassing Twitter's purchase price.

AI startup Abnormal Security 'valued at $5bn'

Abnormal Security, an AI startup, is anticipated to be valued at $5 billion in an upcoming funding round, showcasing substantial growth and investor confidence in its email security solutions.

Enterprise-Focused AI Startup Sierra Aims to Raise $85M

Sierra, an enterprise-focused AI startup, is expected to achieve unicorn status with an $85 million funding round led by Sequoia Capital.
The success of OpenAI's ChatGPT has attracted significant attention and capital from investors in the AI industry.

Elon Musk's startup xAI is now reportedly worth more than what the billionaire paid for Twitter

Elon Musk's xAI has reached a valuation of $50 billion, doubling since spring and surpassing Twitter's purchase price.

AI startup Abnormal Security 'valued at $5bn'

Abnormal Security, an AI startup, is anticipated to be valued at $5 billion in an upcoming funding round, showcasing substantial growth and investor confidence in its email security solutions.
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Former OpenAI CTO Mira Murati is reportedly fundraising for a new AI startup | TechCrunch

Mira Murati is raising VC funding for an AI startup after leaving OpenAI, aiming for over $100 million in investment.

Y Combinator is being criticized after it backed an AI startup that admits it basically cloned another AI startup | TechCrunch

PearAI initially mismanaged an open-source license, leading to controversy and an apology from the founder, who acknowledged the mistake and corrected the license.
#investment

Cavela is using AI to automate manufacturing and e-commerce. Here's how the startup raised $2 million without using a pitch deck.

Cavela employs generative AI to revolutionize the sourcing process in manufacturing, providing a user-friendly platform that simplifies communication with suppliers.

Stability AI CEO Disappeared in His Pajamas in Bizarre Incident

Stability AI emerged as a major player in the AI space through its advanced text-to-image AI that went viral among developers.
Despite external success and funding, internal chaos plagued Stability AI due to a lack of organization and structure.

Cavela is using AI to automate manufacturing and e-commerce. Here's how the startup raised $2 million without using a pitch deck.

Cavela employs generative AI to revolutionize the sourcing process in manufacturing, providing a user-friendly platform that simplifies communication with suppliers.

Stability AI CEO Disappeared in His Pajamas in Bizarre Incident

Stability AI emerged as a major player in the AI space through its advanced text-to-image AI that went viral among developers.
Despite external success and funding, internal chaos plagued Stability AI due to a lack of organization and structure.
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Websites accuse AI startup Anthropic of bypassing their anti-scraping rules and protocol

Freelancer and iFixit accuse AI startup Anthropic of ignoring website policies and crawling protocols, causing disruptions and resource strain.

Runway's AI video generator trained on thousands of scraped YouTube videos

AI startup Runway trained its text-to-video AI on videos from major entertainment companies, creators, and news outlets, potentially including pirated content.

Hugging Face says it detected 'unauthorized access' to its AI model hosting platform | TechCrunch

Hugging Face AI startup announced unauthorized access to its Spaces platform, prompting token revocation and security policy review.
#automation

French AI startup H raises $220 million seed round | TechCrunch

H, a Paris-based AI startup, raised an impressive $220 million seed round due to its innovative models and experienced founding team.

Quilter's AI platform nabs $10M to automate PCB layout

AI startup Quilter has raised $10 million in series-A funding to improve the process of designing printed circuit boards (PCBs) using machine learning and high-performance computing.
Quilter aims to make PCB design more efficient and accurate by automating the layout process, condensing weeks of work into just hours.
The company's machine learning platform can produce a complete PCB design at a fraction of the cost of outsourcing the work to a third party.

French AI startup H raises $220 million seed round | TechCrunch

H, a Paris-based AI startup, raised an impressive $220 million seed round due to its innovative models and experienced founding team.

Quilter's AI platform nabs $10M to automate PCB layout

AI startup Quilter has raised $10 million in series-A funding to improve the process of designing printed circuit boards (PCBs) using machine learning and high-performance computing.
Quilter aims to make PCB design more efficient and accurate by automating the layout process, condensing weeks of work into just hours.
The company's machine learning platform can produce a complete PCB design at a fraction of the cost of outsourcing the work to a third party.
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#technology

This Company Says Conversational AI Will Kill Apps and Websites

Sierra is developing AI-powered agents to improve customer experiences for big companies.
Sierra's eventual market is any company that communicates with customers.

Humane's AI "Pin" Is a $700 Flaming Dumpster Fire

The AI startup Humane raised $100 million for the disappointing 'Pin' gadget.
The 'Pin' device struggled in basic tasks like reporting weather accurately and translations.

This Company Says Conversational AI Will Kill Apps and Websites

Sierra is developing AI-powered agents to improve customer experiences for big companies.
Sierra's eventual market is any company that communicates with customers.

Humane's AI "Pin" Is a $700 Flaming Dumpster Fire

The AI startup Humane raised $100 million for the disappointing 'Pin' gadget.
The 'Pin' device struggled in basic tasks like reporting weather accurately and translations.
moretechnology

Stability AI CEO resigns to "pursue decentralized AI"

Mostaque steps down from Stability AI to pursue decentralized AI.
Board appoints interim co-CEOs Shan Shan Wong and Christian Laforte.

Story Protocol Works With Crypto-AI Firm Ritual To Train and Track Models On-Chain

Blockchain-based IP-tracking platform partners with AI startup for tracking outputs on-chain.
MyShell platform allows creators to host AI models on Ritual and register them as IP Assets on Story Protocol.

AI Startup Captions Growing to 15K SF in 71 Fifth Avenue Move

AI startup Captions signed a 3-year lease for 15,202 sqft at $85/sqft in Union Square, doubling its office space.
AI firms like Captions are driving demand in office markets, contributing 1.7 million sqft of new demand in January.

VCs are optimistic that AI investing will move beyond the hype in 2024

Investors anticipate continued funding for AI startups
Second wave of verticalized AI startups expected

Big Tech AI Spending Outweighs VC Investments

The mega deals by , and this year made up two-thirds of the funneled to AI startups, the Financial Times (FT) reported Wednesday (Dec. 27), citing data from PitchBook.

Elon Musk's AI startup seeks to raise $1bn in equity

Elon Musk's AI startup xAI is seeking to raise $1 billion in equity financing to compete with rivals in the field.
The race to develop generative AI products has intensified after the release of OpenAI's ChatGPT.

PhysicsX, the AI Marvel, Nabs 25.3m in Series A Funding Led by General Catalyst

PhysicsX, an AI startup based in London, has raised $32 million in a Series A funding round.
The company specializes in engineering and uses AI technology for various applications.
#microsoft

Microsoft's weird Inflection AI deal is now in the antitrust spotlight

Regulators investigate Microsoft's deal with AI startup Inflection, raising concerns about talent acquisition practices and potential antitrust issues.

Microsoft deal with AI startup to be investigated by UK competition watchdog

CMA investigating Microsoft's deal with AI startup Inflection.

Microsoft's weird Inflection AI deal is now in the antitrust spotlight

Regulators investigate Microsoft's deal with AI startup Inflection, raising concerns about talent acquisition practices and potential antitrust issues.

Microsoft deal with AI startup to be investigated by UK competition watchdog

CMA investigating Microsoft's deal with AI startup Inflection.
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