AI investments

The Week in AI: ‘Safe’ Superintelligence, Research Hurdles and Digital ID Badges
The Week in AI: ‘Safe’ Superintelligence, Research Hurdles and Digital ID Badges
September 06, 2024  |  artificial intelligence

In a whirlwind week for AI, OpenAI co-founder Ilya Sutskever’s new venture secured $1 billion for ‘safe’ superintelligence, while AI-driven drug discovery hit roadblocks in...

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Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
September 05, 2024  |  Investments

Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial...

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Report: OpenAI’s Building of AI Infrastructure to Begin in US
Report: OpenAI’s Building of AI Infrastructure to Begin in US
September 04, 2024  |  artificial intelligence

OpenAI reportedly plans to bring together global investors to spend tens of billions of dollars on artificial intelligence (AI) infrastructure in the United States. The...

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Report: OpenAI Considers Making Corporate Structure More Attractive to Investors
Report: OpenAI Considers Making Corporate Structure More Attractive to Investors
August 30, 2024  |  Business

OpenAI is reportedly considering changing its corporate structure to make that structure simpler and more attractive to financial backers. The artificial intelligence (AI) company currently issues...

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AI Startups Gain Traction Tackling Software, eCommerce and Healthcare
AI Startups Gain Traction Tackling Software, eCommerce and Healthcare
August 15, 2024  |  Earnings

Artificial intelligence (AI) is making its mark on the business world, with several tech companies reporting growth in retail and healthcare sectors. These firms are...

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AI Firms’ Big Tech Deals Leave VC Investors in the Cold
AI Firms’ Big Tech Deals Leave VC Investors in the Cold
August 14, 2024  |  artificial intelligence

This year has seen three fledgling AI firms swallowed up by Big Tech companies. As the Financial Times (FT) notes in a report Wednesday (Aug. 14), it...

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Report: AI Startup Glean in Talks to Raise $250 Million
Report: AI Startup Glean in Talks to Raise $250 Million
August 08, 2024  |  Investments

Artificial intelligence (AI) startup Glean is reportedly in advanced discussions to raise $250 million in financing. The deal would value the company at $4.5 billion, a figure...

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Groq Raises $640 Million to Scale AI Inference Platform’s Capacity
Groq Raises $640 Million to Scale AI Inference Platform’s Capacity
August 05, 2024  |  Investments

Groq has raised $640 million in a Series D funding round to scale the capacity of its vertically integrated artificial intelligence (AI) inference platform. The...

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Investors Increasingly Skeptical That AI Opportunities Outweigh High Costs
Investors Increasingly Skeptical That AI Opportunities Outweigh High Costs
August 02, 2024  |  Investments

Big Tech companies’ efforts around artificial intelligence (AI) are reportedly getting a largely negative reception on Wall Street. In the days since their most recent earnings reports, Amazon, Microsoft...

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