Mark Zuckerberg finalizes a $14 billion deal to invest in Scale AI and hires co-founder Alexandr Wang to lead Meta's AI push, aiming to catch up with rivals like OpenAI in the AI race.
Enterprise AI startup Glean raises $150 million in Series F funding, propelling its valuation to a staggering $7.2 billion as it surpasses $100 million in annual recurring revenue within just 3 years of operation.
Meta CEO Mark Zuckerberg is reportedly recruiting a team of around 50 experts to build a 'superintelligence' AI system capable of surpassing human capabilities, driven by frustration with Meta's progress in the highly competitive AI landscape.
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.
Defense tech startup Anduril raises $2.5 billion in Series G funding led by Founders Fund, doubling its valuation to $30.5 billion after revenue reached $1 billion and securing the U.S. Army's massive $22 billion AR/VR headset contract from Microsoft.
Toma's AI voice agents, tailored to car dealerships' needs through hands-on research, attracted $17 million funding from a16z and others, enabling the startup to expand its subscription service helping dealerships handle calls and operations efficiently.
Obvio, a startup funded by Bain Capital Ventures, deploys AI-powered cameras at stop signs that locally process footage to detect violations like running stops or distracted driving, sharing only verified clips with law enforcement to curb unsafe behaviors while limiting surveillance concerns.
Google is introducing a $13 million AI Opportunity Fund to help prepare over 2 million Canadians for an AI-powered future through training and skills development initiatives across the country, fostering a strong AI 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.
Early AI investor Elad Gil is now betting big on using AI to transform traditional businesses through roll-ups, acquiring mature companies and using AI to radically increase their margins, then repeating the process to create tech-enabled giants in industries like legal services.