Image Credits: Jesse Grant/The Hollywood Reporter / Getty Images Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Musk’s 10-month-old baby, xAI, is closing in on a whoppin’ $6 billion funding round. The social network …
However, that amount includes massive funding from corporate backers, like Microsoft’s infusion of capital into OpenAI and Amazon’s funding of Anthropic. Stripped down to conventional VC investments, funding in 2023 for AI startups was much smaller, and only on pace to match the total amount raised in 2021. Pitchbook senior analyst Brendan Burke noted in …
Blaize, an artificial intelligence (AI) computing company, has secured $106 million in funding. The financial infusion is set to propel the company’s efforts in advancing AI and machine learning (ML) technologies across various sectors, Blaize said in a Monday (April 29) press release. “This investment lends further credence to our thesis that edge AI is …
Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26). Silicon Valley venture capital (VC) firm Sequoia Capital has committed to investing in the startup, according to the Financial Times (FT), which reported the same …
Apple has stepped up its foray into artificial intelligence (AI) by acquiring Datakalab, a Paris-based AI tech startup. The acquisition, finalized on Dec. 17, was quietly noted in a filing with the European Commission and reported by French media. It’s part of Apple’s reported push into AI. Datakalab, founded in 2016 by Xavier Fischer and Lucas Fischer, specializes …
Image Credits: Storiaverse Agnes Kozera and David Kierzkowski, the co-founders of podcast sponsorship marketplace Podcorn, today launched their newest app—Storiaverse, a short-form entertainment platform that offers a multi-format reading experience, combining animated video and written content. Available on iOS and Android devices, Storiaverse caters to graphic novel readers and adult animation fans who want to …
Image Credits: chepkoelena / Getty Images Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. There’s not that much news from me this week, but I’ve been doing a ton of prep for TechCrunch Early …
In December 2022, someone was looking for Emad Mostaque. The founder and CEO of Stability AI, one of the hottest startups in the nascent generative AI field, could not be found. Even Mostaque’s wife, Zehra Qureshi, was not sure. She texted an employee, worried about Mostaque and noting that he’d left home in his pajamas. …
Clegg, a former British deputy prime minister, argued that policing AI was akin to building a plane already in flight — inherently risky and difficult work. Harris trumpeted Washington’s efforts to address the dangers of AI through voluntary business agreements as the world’s gold standard. Ursula von der Leyen, the European Commission president, who was …
Canadian artificial intelligence (AI) startup Cohere is reportedly in advanced discussions to raise $500 million. That funding would value the company — which makes foundation models to compete with ChatGPT creator OpenAI — at $5 billion, Reuters reported Thursday (March 21), citing a source familiar with the matter. According to that source, Cohere’s annualized revenue run rate has …