Generative AI funding achieved unprecedented levels in 2024, showing no signs of slowing down despite previous concerns about a market bubble. Investments in the field, which includes a variety of AI-driven applications and tools for generating text, images, videos, speech, and music, hit a remarkable $56 billion across 885 deals. This represents a stark 192% […]
Elon Musk’s AI venture, xAI, has secured $6 billion in a Series C financing round, significantly advancing its ambitions in artificial intelligence. The announcement reveals a diverse group of backers, including major players like Andreessen Horowitz, Blackrock, Fidelity, and Nvidia. Notably, Saudi conglomerate Kingdom Holdings contributed approximately $400 million, elevating xAI’s valuation to $45 billion—nearly […]
Amazon is contemplating increasing its investment in Anthropic, a significant competitor to OpenAI. According to a report from The Information, Amazon is engaged in discussions for a multi-billion dollar investment in Anthropic, marking its first financial commitment to the company since a $4 billion deal completed last year. The structure of the new investment mirrors […]
After years of easy money, the AI industry is facing a reckoning. A new report from Stanford’s Institute for Human-Centered Artificial Intelligence (HAI), which studies AI trends, found that global investment in AI fell for the second year in a row in 2023. Both private investment — that is, investments in startups from VCs — […]
Over the past couple of years, Nvidia, the leading AI chipmaker, has significantly increased its investments in startups, gaining a more profound foothold in the AI industry. According to S&P Global and Crunchbase, the number of Nvidia’s startup investments spiked 280% year-over-year from 2022 to 2023, participating in around 46 deals last year through the […]