AI investments

Boon Raises $20.5 Million to Grow AI-Powered Platform for Fleets
Boon Raises $20.5 Million to Grow AI-Powered Platform for Fleets
December 20, 2024  |  Investments

Boon announced $20.5 million in combined seed and Series A funding to build an artificial intelligence (AI) platform for commercial fleets. “With $20.5M raised, we...

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Report: Perplexity Closed $500 Million Funding Round in Early December
Report: Perplexity Closed $500 Million Funding Round in Early December
December 18, 2024  |  Investments

Perplexity AI reportedly closed a $500 million funding round earlier this month. The round tripled the artificial intelligence (AI) startup’s valuation to $9 billion, Bloomberg reported Wednesday...

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AI’s Progress Shows Signs of Both Breakthroughs and Barriers
AI’s Progress Shows Signs of Both Breakthroughs and Barriers
December 18, 2024  |  artificial intelligence

The latest artificial intelligence models are delivering mixed signals about the technology’s pace of advancement, with some showing dramatic leaps forward while others hit unexpected...

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Data and AI Company Databricks to Raise $10 Billion in Funding Round
Data and AI Company Databricks to Raise $10 Billion in Funding Round
December 17, 2024  |  Investments

Databricks has announced a Series J funding round in which it is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion so far. The...

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Report: Databricks Close to Raising Record $9.5 Billion Amid AI Boom
Report: Databricks Close to Raising Record $9.5 Billion Amid AI Boom
December 13, 2024  |  Investments

Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds....

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Nvidia Helps Cloud Computing Firm Nebius Raise $700 Million
Nvidia Helps Cloud Computing Firm Nebius Raise $700 Million
December 02, 2024  |  Investments

Dutch cloud computing company Nebius has reportedly raised $700 million from investors including Nvidia. The company, which rebranded from Russian internet company Yandex, has sold...

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Nvidia Challenger Tenstorrent Gets $700 Million to Bolster AI Tech
Nvidia Challenger Tenstorrent Gets $700 Million to Bolster AI Tech
December 02, 2024  |  Investments

AI chip startup Tenstorrent has reportedly raised $700 million in its quest to challenge Nvidia. The investment — from Amazon founder Jeff Bezos and Samsung — values...

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77% of COOs Using GenAI Report Positive ROI, With Customized Tools Leading the Way
77% of COOs Using GenAI Report Positive ROI, With Customized Tools Leading the Way
November 29, 2024  |  artificial intelligence

Chief operating officers (COOs) at large firms with more than $1 billion in revenue are turning to generative artificial intelligence (GenAI) for complex tasks like...

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OpenAI Targets $100 Billion Revenue Amid AI Spending ‘Paradigm Shift’
OpenAI Targets $100 Billion Revenue Amid AI Spending ‘Paradigm Shift’
November 27, 2024  |  artificial intelligence

OpenAI is reportedly bolstering sales staff amid a “paradigm shift” in corporate AI spending. In an interview with The Information Wednesday (Nov. 27), OpenAI Chief Commercial Officer Giancarlo “GC”...

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