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 […]
A founder who was an early mover in autonomous vehicle technology has successfully raised $15 million for his next venture: a startup that claims its AI can autonomously generate enterprise software. The UK-based startup, Cogna, is led by Ben Peters, the technical co-founder of FiveAI, a self-driving company that was sold to Bosch in 2022. […]
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 […]
Zscaler, a cloud security company based in San Jose, California, has bought cybersecurity startup Avalor 26 months after its inception, according to reports, for a sum of $310 million in cash and equity. In a press release publicizing the news, Zscaler’s founder, and CEO, Jay Chaudhry stated that this acquisition would enhance Zscaler’s platform with […]