PYMNTS-MonitorEdge-May-2024

AI funding

AI in Gaming: Kinetix Launches Fund for User Content as Cloud Deal is Inked
AI in Gaming: Kinetix Launches Fund for User Content as Cloud Deal is Inked
September 17, 2024  |  artificial intelligence

From boosting cloud gaming performance to enabling player-created content and lifelike characters, artificial intelligence (AI) opens up fresh possibilities for developers and gamers alike. AI...

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Insight Partners Prepares to Close $10 Billion Venture Capital Fund
Insight Partners Prepares to Close $10 Billion Venture Capital Fund
September 15, 2024  |  Investments

Venture capital (VC) firm Insight Partners is reportedly preparing to close a $10 billion-plus fund. As the Financial Times (FT) reported Sunday (Sept. 15), the...

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Report: OpenAI Must Alter Structure to Reach $150 Billion Valuation
Report: OpenAI Must Alter Structure to Reach $150 Billion Valuation
September 15, 2024  |  artificial intelligence

OpenAI’s $150 billion valuation will reportedly depend on whether it can change its corporate structure. That’s according to a report Saturday (Sept. 14) by Reuters,...

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Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
September 12, 2024  |  Investments

MGX, a United Arab Emirates (UAE) state-backed technology investment company, is reportedly considering participating in a multibillion funding round for OpenAI. The fund has not determined the...

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Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
September 05, 2024  |  Investments

Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial...

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Report: OpenAI’s Building of AI Infrastructure to Begin in US
Report: OpenAI’s Building of AI Infrastructure to Begin in US
September 04, 2024  |  artificial intelligence

OpenAI reportedly plans to bring together global investors to spend tens of billions of dollars on artificial intelligence (AI) infrastructure in the United States. The...

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Index Ventures Raises $2 Billion Amid AI ‘Platform Shift’
Index Ventures Raises $2 Billion Amid AI ‘Platform Shift’
July 10, 2024  |  Investments

Index Ventures has raised more than $2 billion for artificial intelligence (AI) projects. The venture capital (VC) firm announced the fund Wednesday (July 10), saying it would divide...

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The Week in AI: Anthropic’s AI Safety Initiative, Regulation Battles, and Investor Alerts: The AI Landscape Shifts
The Week in AI: Anthropic’s AI Safety Initiative, Regulation Battles, and Investor Alerts: The AI...
July 05, 2024  |  artificial intelligence

Anthropic’s new funding program for advanced artificial intelligence (AI) evaluations aims to tackle safety and adoption challenges in AI. As global AI regulations tighten, from...

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AI Projects Push Venture Funding to a Two-Year High
AI Projects Push Venture Funding to a Two-Year High
July 03, 2024  |  Investments

Thanks to AI, American venture funding reached its highest quarterly total in two years. Venture capital (VC) investments for the second quarter came to $55.6...

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