#AI funding
27 stories taggedAI funding.
Lambda Borrows $1 Billion to Buy Nvidia Chips, Then Rents Them to Microsoft
The AI cloud company is using short-term debt to fund a chip-leasing deal with one of the world's biggest tech companies. Here is what that tells us about how the AI buildout is actually being paid for.
Generalist Hits $3 Billion Valuation After Raising Nearly $200 Million More
The robotics AI startup, founded by ex-Google DeepMind researchers, now claims its software can teach a robot a new skill from a video clip as short as three seconds.
Hugging Face is reportedly fielding acquisition offers at a $13 billion valuation
The open-source AI model hub has been approached by potential buyers, but its CEO has publicly stressed the company's long-term duty to its community of developers and researchers.
AI Training Data Startup Micro1 Hit $500 Million Gross Run Rate in Eight Months
Demand for human-verified AI training data is minting fast-growing startups. Micro1's revenue explosion shows the market is big enough for several players, and the ethical debates are heating up too.
SpaceX Tried to Buy AI Coding Startup Cognition. Its CEO Says That's Not True.
Bloomberg reported a takeover approach. Cognition's CEO shot it down publicly within hours. What we actually know, and what it tells us about how much money is flowing into AI coding tools.
Anthropic's revenue hits $65 billion a year, and it's still accelerating
The maker of the Claude AI assistant is growing faster than almost any company in history, and investors expect it to hit $100 billion or more by year's end.
Databricks wanted to raise $1 billion. Investors offered $15 billion. It took $5 billion.
The AI data company closed a $5 billion funding round at a $190 billion valuation after a leaked news report triggered a flood of investor calls it never asked for.
River AI raises $1.1 billion to build AI you train yourself, not AI that replaces you
A two-month-old startup founded by an xAI co-founder just landed one of the largest seed rounds in AI history, with a bet that personal, trainable AI agents will matter more than corporate productivity tools.
OpenAI buys back $7 billion in employee shares at an $852 billion valuation
The company paid out staff before a possible public stock listing, signalling that any IPO may be further away than many expected.
University AI researchers are being squeezed out of their own field
The cutting edge of AI has moved from campuses to private labs. Academics at a recent Schmidt Sciences gathering described a field that is harder to fund, harder to study, and harder to justify than ever before.
SoftBank's Intel bet pays off big, but OpenAI goes quiet on the books
The Japanese investment giant posted a $2.2 billion profit for the June quarter, well above forecasts. A huge gain on Intel shares did the heavy lifting. OpenAI, which SoftBank has pumped $55 billion into, added nothing this time.
Mirendil signs $100 million-plus Google Cloud deal to build AI that improves itself
The AI startup, founded by former Anthropic researchers, will use Google's chips and cloud infrastructure to develop systems designed to get smarter on their own over time.
The 22-year-old AI call centre company that thinks chatbots are overrated just raised $67 million
Athens-based Omilia has been automating customer phone calls since 2002. Its CEO says rivals are making a costly mistake by using heavy AI for every task, no matter how simple.
Five million people rank AI designs so machines can learn what looks good
A startup called Intelligence has raised $7.9 million to run a platform where ordinary users vote on AI-generated images and websites, and the data it collects is already worth $60 million a year to the companies that build AI models.
Nscale pays $1.65 billion to buy AI software startup Anyscale
A British AI cloud company is snapping up the team behind a popular tool for running big AI workloads, in a bet that owning the whole stack, from servers to software, is where the money is.