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 …
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 …
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 …
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 …
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 …
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 …
OpenAI is in early discussions to raise up to $40 billion in a funding round that could value the company at $300 billion, with SoftBank leading the investment. According to reporting by Berber Jin and Deepa Seetharaman in The Wall Street Journal, SoftBank is considering an investment of $15-25 billion. Part of the funding would …
Y Combinator-backed Origami Agents has secured $2 million in seed funding to develop AI research agents that support human sales teams. As Michael Nuñez reports for VentureBeat, the San Francisco-based startup focuses on automating sales research tasks rather than replacing sales representatives entirely. Founded four months ago, the company has achieved $50,000 in monthly recurring …
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 …