Character.AI has filed for Chapter 11 bankruptcy protection in the United States and agreed to sell certain assets to Disney for $20 million. The chatbot company says its platform will remain online during the sale process, including its paid subscription services. Disney will act as the initial, or “stalking-horse,” bidder. That role sets a minimum …
AMD has agreed to acquire World Labs, the artificial intelligence research company founded by Fei-Fei Li, in an all-stock transaction valued at about $8.2 billion. The deal is expected to close by the end of 2026, subject to regulatory approvals and standard closing conditions. World Labs develops AI models that can generate, reconstruct, and simulate …
Anthropic expects to commit at least $518 billion over the next decade to cloud services, computing capacity, and AI infrastructure, according to details from its confidential IPO prospectus reported by Reuters and the Financial Times. About 80% of that amount cannot be canceled or must be paid even if Anthropic does not use the contracted …
Nvidia has agreed to acquire Hugging Face for $12.9 billion, bringing one of the most widely used platforms for sharing AI models, data sets, and developer tools under the chipmaker’s control. The transaction is Nvidia’s second-largest acquisition, after its $20 billion purchase of Groq assets last year. It also marks a major expansion beyond the …
OpenAI’s enterprise business now generates more revenue than its ChatGPT-led consumer operations, according to comments by chief financial officer Sarah Friar to investors. Kate Rooney reports for CNBC that Friar said the company began the year with revenue split roughly 60% consumer and 40% enterprise, but business demand grew faster than expected. Friar told investors …
AI software creation platform Lovable has raised $400 million in a Series C round that values the company at $13.3 billion. Lovable announces in an official blog post that Menlo Ventures leads the financing, while EQT’s Scaleup Europe Fund co-leads it. The round brings in investors including Balderton Capital, Carmignac, Kaszek Ventures, Tencent and Regent. …
Ollama has raised a $65 million Series B round led by Theory Ventures, founder and CEO Jeff Morgan tells Julie Bort of TechCrunch. The funding follows a $15 million Series A led by Benchmark’s Peter Fenton, bringing the company’s total funding to $88 million. Ollama, launched in 2023, lets developers run open-weight AI models on …
OpenAI has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. Ashley Capoot and Kate Rooney report for CNBC that the company, valued at $852 billion, is targeting a public debut as early as the fourth quarter of this year. The filing comes one week after rival Anthropic made …
A New York-based startup called Flourish has raised $500 million to pursue one of AI’s most ambitious goals: building an artificial intelligence system that works like the human brain. Steven Levy reports for WIRED that Jeff Bezos led the early funding after reading a two-page pitch document, eventually contributing tens of millions of dollars and …
AI music platform Suno has closed a $400 million funding round, valuing the company at $5.4 billion. Corbin Bolies reports for Variety that the Series D round was led by Bond Capital, with participation from IVP, Forerunner, Union Square Ventures, Alkeon Capital Management and Quiet. Previous backers Matrix, Lightspeed, Menlo Ventures and Schroders Capital also …