AI investments

Report: Elon Musk’s xAI Raises $5 Billion and Doubles Valuation
Report: Elon Musk’s xAI Raises $5 Billion and Doubles Valuation
November 20, 2024  |  News

Elon Musk’s artificial intelligence (AI) startup xAI reportedly raised $5 billion in a funding round, valuing the company at $50 billion. The new financing brings the...

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US Power Grid Bottlenecks Threaten AI Innovation, Experts Say
US Power Grid Bottlenecks Threaten AI Innovation, Experts Say
November 19, 2024  |  artificial intelligence

Nvidia’s push into overseas artificial intelligence (AI) infrastructure highlights growing worries about America’s outdated power grid. The potential departure of AI investment spotlights a critical...

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IPO Market Struggles as Investors Flock to AI
IPO Market Struggles as Investors Flock to AI
November 14, 2024  |  News

Venture capital firms are reportedly struggling amid a lack of mergers, acquisitions and public listings. It’s a situation that has led to a liquidity drought...

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Report Says Amazon May Be Negotiating New Anthropic Investment
Report Says Amazon May Be Negotiating New Anthropic Investment
November 07, 2024  |  artificial intelligence

Amazon is reportedly in talks to make a second multibillion-dollar investment in artificial intelligence (AI) startup Anthropic, mirroring its initial $4 billion deal from March...

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AI Boom Drives Record Revenues and Funding Across Tech Sector
AI Boom Drives Record Revenues and Funding Across Tech Sector
October 17, 2024  |  artificial intelligence

Artificial intelligence is fueling explosive growth in the tech industry, with companies from chip manufacturers to security startups reporting soaring revenues and attracting significant investment....

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VCs Stay on the Sidelines Despite Market Rally
VCs Stay on the Sidelines Despite Market Rally
October 10, 2024  |  Markets

A recent stock market rally hasn’t made American venture investors any less cautious. That’s according to a report Thursday (Oct. 10) by Reuters, citing new Pitchbook-NVCA data...

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OpenAI Reportedly Slated for $500 Million SoftBank Investment
OpenAI Reportedly Slated for $500 Million SoftBank Investment
September 30, 2024  |  Investments

Japan’s SoftBank is reportedly planning to invest in OpenAI’s multi-billion dollar funding round. The $500 million investment would come from the bank’s Vision Fund, The...

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AI’s $100 Billion Data Center Push May Rewire Global Commerce
AI’s $100 Billion Data Center Push May Rewire Global Commerce
September 18, 2024  |  artificial intelligence

A newly formed coalition of tech and finance titans is betting $100 billion that artificial intelligence (AI) could alter global trade infrastructure, launching an ambitious...

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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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