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 …
OpenAI and Anthropic appear to have crossed a critical threshold: their AI coding agents are generating substantial revenue, and both companies have quietly restructured their pricing to capture it. Simon Willison writes for his weblog that the two leading AI labs have found product-market fit, driven by a shift toward enterprise customers paying full API …
Anthropic has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission, the company announced on Monday. The filing gives Anthropic the option to pursue an initial public offering once the SEC completes its review. The move puts Anthropic ahead of rival OpenAI, which has not yet filed its …
Anthropic has raised $65 billion in a Series H funding round, pushing its post-money valuation to $965 billion. The San Francisco company has now surpassed OpenAI as the world’s most valuable artificial intelligence startup. OpenAI’s last valuation stood at $730 billion. The round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. A broad …
Anthropic has agreed terms on a new $30bn funding round that values the artificial intelligence company at $900bn, surpassing rival OpenAI’s current valuation of $852bn. The Financial Times reports that investment firms Dragoneer, Greenoaks, Sequoia Capital and Altimeter Capital will co-lead the round, with each likely contributing $2bn or more. The deal is expected to …