It turns out that the massive $642 million round that U.S.-based GPU compute provider CoreWeave just closed was a secondary transaction. I can’t summon a better news event to summarize the current state of investor interest, venture included, in AI-related startups.
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The ongoing frenzy to invest in AI startups is not a local phenomenon: German AI company Aleph Alpha closed a $500 million Series B in November, and France’s Mistral AI is currently tipped to be closing in on €450 million at a €2 billion valuation, after raising a $113 million seed round earlier this year. 
Then we have OpenAI’s in-process secondary transaction that could go through at a valuation of nearly $90 billion.
The list doesn’t get any less hotter if we include recent eight-figure investments instead of those worth nine figures or more.
Parsing a list of recent AI funding events put together by Crunchbase, we can find more stand-out companies: Rohirrim just raised $15 million (generative AI for enterprise); Atomic Industries raised $17 million (AI tuned for industrial production); and Assembly AI closed a $50 million round (AI speech models).
Those are all from December. And today happens to be December 5th.
Eugen Boglaru is an AI aficionado covering the fascinating and rapidly advancing field of Artificial Intelligence. From machine learning breakthroughs to ethical considerations, Eugen provides readers with a deep dive into the world of AI, demystifying complex concepts and exploring the transformative impact of intelligent technologies.
