#ai-startup

#ai-startup

AI startup founder Alex Beckman and his wife were arrested for allegedly defrauding investors out of over $60 million.

Former CEO of GameOn indicted for alleged $60 million fraud; he and wife face serious charges of wire fraud and obstruction of justice.

Perplexity, an AI startup, faces a lawsuit for alleged trademark infringement by a company named Perplexity Solved Solutions.

Sierra is developing AI-powered agents to improve customer experiences for big companies.

Sierra's eventual market is any company that communicates with customers.

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.

Mistral, Europe's leading AI startup, opts for an IPO instead of a sale to grow independently.

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

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.

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

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

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

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

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.

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

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.

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

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.

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

CMA investigating Microsoft's deal with AI startup Inflection.