perplexity Perplexity AI Introduces Publisher Revenue Sharing Program Amid Plagiarism Claims AI search startup Perplexity launches a new program to share ad revenue with publishers whose articles inform its generated answers. The initiative arrives shortly after Forbes accuses the company of plagiarizing its paywalled content.
openai Legal AI Startup Harvey Reaches $1.5 Billion Valuation After $100M Raise OpenAI-backed legaltech startup Harvey secures $100 million in a Series C round led by Google's GV to expand its AI tools for lawyers. The new funding brings the company's total valuation to $1.5 billion.
cohere Cohere Secures $500 Million to Expand Enterprise AI Focus Generative AI startup Cohere raises $500 million at a $5.5 billion valuation to fuel its expansion in the enterprise sector. The company plans to grow its technical teams and enhance its privacy-focused business AI models.
amazon Amazon Acquires AI Startup Adept Founders and Licenses Agent Technology Amazon hires the co-founders of AI startup Adept and licenses their agent technology to boost its in-house generative AI efforts. Adept remains operational under new leadership as it pivots to focus exclusively on enterprise agentic AI solutions.
openai OpenAI Acquires Video Collaboration Startup Multi in Latest Enterprise Push OpenAI continues its acquisition streak by purchasing Multi, a remote video collaboration platform, to bolster its growing enterprise offerings.
ai Databricks and OpenAI Lead Billion-Dollar AI Funding Rounds in 2024 Artificial intelligence dominates the venture capital landscape as top startups secure massive funding rounds. Databricks and OpenAI lead the pack with multi-billion-dollar raises that push their valuations to historic highs.
aws AWS Drives Generative AI Innovation with New Loft and Healthcare Partnership AWS launches a major generative AI training hub in India and partners with GE HealthCare to develop new medical AI tools, backed by a massive global investment.
robotics investments Robotics Sector Secures $1.3 Billion Across 47 Deals in July Robotics companies raise $1.3 billion in July 2024 across 47 deals, pushing the year-to-date total to $9.7 billion. Software firms and autonomous vehicle developers lead the funding rounds.
venture capital Healthcare and AI Sectors Dominate $23 Billion in July Venture Funding Venture funding totals over $23 billion in July 2024, with healthcare and artificial intelligence companies capturing half of all investments. Notable financial moves include a massive $900 million round for legal tech firm Clio and the year's largest IPO from Lineage Logistics.
ai 2024 Sees Record-Breaking Billion-Dollar AI Startup Funding Rounds Artificial intelligence startups dominate the venture capital landscape in 2024 by securing massive financial rounds. Databricks and OpenAI lead the pack with historic multi-billion-dollar raises.
ai Databricks and OpenAI Lead Record-Breaking AI Funding Rounds in 2024 Artificial intelligence dominates the venture capital landscape as companies require over a billion dollars just to make the list of largest funding rounds. Databricks and OpenAI secure the top two spots with massive multi-billion-dollar valuations.
amazon Amazon Hires Covariant Founders in Latest Robotics Licensing Deal Amazon brings on the co-founders of AI robotics startup Covariant while securing a non-exclusive license to their foundational robotic technology. This strategic move represents Amazon's latest reverse acqui-hire as the company accelerates its warehouse automation efforts.
mistral ai Paris AI Startup Mistral Reaches $6 Billion Valuation After $640M Raise Mistral AI secures €600 million in a Series B round led by General Catalyst, pushing its valuation to $6 billion. The French company plans to use the funds to compete directly with top AI models like GPT-4o and Claude 3.
scale ai Scale AI Secures $1 Billion Funding Boost Valued at $13.8 Billion Artificial intelligence startup Scale AI raises $1 billion in a Series F round led by Accel, with major investments from Amazon and Meta. The company provides critical data labeling services that power leading generative AI models.
coreweave AI Cloud Provider CoreWeave Hits $19B Valuation After $1.1B Raise CoreWeave secures $1.1 billion in new funding, boosting its valuation to $19 billion amid massive demand for AI-focused GPU infrastructure. The startup plans to rapidly expand its data center footprint to compete with major cloud providers.