Google owns 14 percent of AI startup Anthropic, according to legal filings obtained by The New York Times. As reported by Cade Metz, Nico Grant, and David McCabe, Google’s investment comes with significant limitations: the tech giant cannot own more than 15 percent of the company and holds no voting rights or board seats. The … Read more
Ilya Sutskever’s secretive AI company Safe Superintelligence (SSI) has reached a valuation of $30 billion in its latest funding round. According to reporting by Berber Jin and Deepa Seetharaman from The Wall Street Journal, the company is raising approximately $2 billion from investors. Sutskever, who previously served as OpenAI’s chief scientist and helped develop ChatGPT, … Read more
Anthropic, an AI startup founded in 2021 by former OpenAI researchers including siblings Dario and Daniela Amodei, has secured a significant $3.5 billion in Series E funding. This latest investment round, led by Lightspeed Venture Partners with a $1 billion contribution, values the company at $61.5 billion post-money. The funding attracted participation from several prominent … Read more
AI company Anthropic has secured $3.5 billion in new funding at a $61.5 billion valuation, according to Wall Street Journal reporter Berber Jin. The company behind the Claude chatbot initially sought $2 billion but increased the amount during investor talks. The funding round includes participation from Lightspeed Venture Partners, General Catalyst, and Bessemer Venture Partners, … Read more
Ilya Sutskever’s Safe Superintelligence (SSI) is raising over $1 billion at a valuation exceeding $30 billion, Bloomberg’s Kate Clark reports. Greenoaks Capital Partners leads the investment with $500 million. The startup, co-founded by Sutskever after leaving his position as OpenAI’s Chief Scientist, focuses exclusively on developing safe AI systems. SSI’s valuation has increased significantly from … Read more
The European Union has unveiled a major AI investment initiative called InvestAI, aimed at competing with the United States and China. According to Wall Street Journal reporters Edith Hancock and Mauro Orru, the program combines 150 billion euros in private investments with 50 billion euros in EU funding over five years. European Commission President Ursula … Read more
French President Emmanuel Macron has unveiled plans for €109 billion ($113 billion) in artificial intelligence investments, with a significant portion dedicated to creating large-scale AI computing facilities powered by the country’s nuclear energy infrastructure. The announcement comes as France aims to establish itself as a major player in the global AI computing landscape, competing with … Read more
Safe Superintelligence (SSI), an AI startup focused on developing safe artificial general intelligence, is reportedly in discussions to raise funding at a $20 billion valuation. According to Reuters reporters Kenrick Cai, Krystal Hu, and Anna Tong, this would represent a fourfold increase from the company’s $5 billion valuation last September. SSI was founded by former … Read more
European artificial intelligence startups raised €8 billion in venture capital funding during 2024, accounting for 20% of all VC investments in the region. According to a report published by Galion.exe, Revaia, and Chausson Partners, as reported by Romain Dillet for TechCrunch, the UK leads European AI investments, followed by France and Germany. The majority of … Read more
Mobile AI applications have become a significant revenue source, with ChatGPT leading the market. According to a new report by Appfigures, analyzed by Bloomberg’s Vlad Savov, OpenAI’s chatbot has generated $529 million since its mobile launch in May. The total AI app market nearly quadrupled in 2024, reaching $1.4 billion in revenue. US consumers drive … Read more