Google has invested an additional $1 billion in AI company Anthropic, according to a Financial Times report by George Hammond, Madhumita Murgia, and Arash Massoudi. This new investment builds on Google’s previous $2 billion commitment to the AI startup. Anthropic, known for its Claude AI models, is approaching a $60 billion valuation and is close …
AI-powered search engine Perplexity has acquired Read.cv, a professional social media platform that competed with LinkedIn. According to TechCrunch reporter Kyle Wiggers, Read.cv will cease operations, with users having until May 16 to export their data. The Berkeley-based platform, founded in 2021, offered tools for sharing resumes, professional networking, and job listings. Read.cv’s team will …
AI or Not, a platform specialized in detecting AI-generated content and deepfakes, has raised $5 million in seed funding. As reported by Dean Takahashi, the investment round was led by Foundation Capital with participation from GTMFund, Plug and Play, and angel investors. The company’s technology identifies AI-generated content across images, audio, and video to prevent …
AI startup Anthropic is negotiating a $2 billion funding round that would value the company at $60 billion. According to Wall Street Journal reporter Berber Jin, Lightspeed Venture Partners is leading the investment. The deal would make Anthropic the fifth most valuable U.S. startup, following its previous $18 billion valuation in 2023. The company’s chatbot …
Niklas Zennström, co-founder of Skype and prominent European tech investor, believes European startups can thrive in AI despite the significant funding gap with US competitors. In an interview with the Financial Times, as reported by Tim Bradshaw, Zennström explained that European companies can succeed by developing applications on top of established AI platforms from companies …
OpenAI is currently losing money on its $200 monthly ChatGPT Pro subscription due to higher-than-expected usage by subscribers. According to reporting by Kyle Wiggers for TechCrunch, CEO Sam Altman personally set the price, expecting it to be profitable. The premium service, launched in late 2024, provides access to advanced AI models and removes usage limits. …
Investment in AI-powered medical note-taking applications doubled to $800 million in 2024, marking a significant shift in healthcare technology adoption. According to a report by Madhumita Murgia in the Financial Times, this surge reflects growing competition between Big Tech companies and startups in the $26 billion AI healthcare market. Microsoft’s Nuance DAX Copilot and solutions …
Venture capital investment in generative AI companies hit an unprecedented $56 billion in 2024, marking a 192% increase from the previous year. According to reporting by Kyle Wiggers for TechCrunch, this funding was distributed across 885 deals worldwide. Major contributors to this surge included substantial investments in industry leaders, with Databricks securing $10 billion, xAI …
Nvidia has completed its acquisition of Run:ai, a software company specializing in GPU cloud management for artificial intelligence, as reported by Dean Takahashi. While the purchase price wasn’t officially disclosed, earlier reports valued the deal at $700 million. The company announced plans to make Run:ai’s software platform open source, potentially allowing it to support GPUs …
Masayoshi Son, founder of SoftBank Group Corp., is developing plans to enter the AI chip market with a projected $100 billion investment over the next four years. According to a report by Min Jeong Lee and Ian King for Bloomberg, Son aims to challenge Nvidia’s dominance in AI hardware. The initiative involves leveraging SoftBank’s 90% …