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 …
OpenAI has missed several internal targets for revenue and new users, raising questions inside the company about how it will fund its enormous spending on data centers. The Wall Street Journal reported that Chief Financial Officer Sarah Friar has warned other company leaders that OpenAI may not be able to cover future computing contracts if …
ComfyUI, a startup offering precise control over AI-generated images, video, and audio, has raised $30 million in a new funding round at a $500 million valuation. Marina Temkin reports for TechCrunch that Craft Ventures led the round, with Pace Capital, Chemistry, and TruArrow also participating. The company began as an open-source project in 2023. Its …
Google plans to invest up to $40 billion in AI startup Anthropic, deepening a relationship between two companies that compete directly in the AI market while also depending on each other commercially. Google will commit $10 billion immediately, valuing Anthropic at $350 billion. An additional $30 billion may follow if Anthropic meets certain performance targets, …