AI-powered accounting startup Campfire raises $35 million Series A led by Accel, leveraging AI capabilities like automatic reconciliation and cash flow analysis to win over startups from NetSuite, as founder John Glasgow draws on experience from Invoice2go acquisition.
Elon Musk's AI startup xAI secures $10 billion in funding, with $5 billion in debt and $5 billion in equity, fueling its ambitions to build AI infrastructure and develop the Grok chatbot, intensifying rivalry with OpenAI and Anthropic.
SoftBank CEO Masayoshi Son announces plans to invest $33.2 billion in OpenAI, predicting it will become the world's most valuable company and positioning SoftBank as the leading platform provider for artificial superintelligence within a decade.
Legal AI startup Harvey skyrockets to $5 billion valuation after securing $300 million in Series E funding, marking a 67% jump from its $3 billion valuation just four months ago as the company reaches $75 million in annualized revenue and plans aggressive expansion into tax accounting services.
Mira Murati, former OpenAI CTO who led development of ChatGPT and DALL-E, secures $2 billion seed round at $10 billion valuation for her new AI startup Thinking Machines Lab, backed by Andreessen Horowitz and Conviction Partners.
Breaking news: OpenAI slashes GPT-4.1 prices, igniting an AI price war as Sam Altman is ousted as CEO amidst a legal battle with music publishers over AI copyright.
OpenAI's revolutionary ChatGPT has ignited a frenzy, propelling the AI powerhouse to an astonishing $10 billion in annual recurring revenue, with ambitious plans to reach a staggering $125 billion by 2029, showcasing investors' confidence in its disruptive potential.
AI agents automate 85% of compliance tasks and embed regulatory standards, providing governance for financial institutions while handling high-risk tasks, boosting capacity and turning compliance into a competitive advantage.
Microsoft secures a massive deal to provide 100,000 Copilot AI licenses to Barclays, signaling the banking giant's bet on AI for streamlining workflows and enhancing decision-making across its workforce.
Elon Musk's AI startup, xAI, is reportedly launching a $300 million tender offer that values the company at $113 billion, allowing staff to sell shares while raising funds for future growth amidst challenges with Musk's other ventures.