AI funding

Desia Raises $3.3 Million to Expand AI Applications for Investment Professionals
Desia Raises $3.3 Million to Expand AI Applications for Investment Professionals
September 24, 2024  |  Investments

Desia has raised $3.3 million in pre-seed funding to fund the development and growth of its artificial intelligence (AI) applications for productivity, automation and analytics...

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Anthropic Revenue Reportedly Set to Jump to $1 Billion This Year
Anthropic Revenue Reportedly Set to Jump to $1 Billion This Year
September 24, 2024  |  artificial intelligence

AI startup Anthropic is reportedly on pace to generate $1 billion in revenue this year. That figure would represent 1,000% year-over-year growth, CNBC reported Tuesday...

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AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
AI Startups Find Financing Pipeline in Middle Eastern Sovereign Wealth Funds 
September 22, 2024  |  artificial intelligence

Sovereign wealth funds have reportedly become major players in the artificial intelligence (AI) funding race. Countries such as Saudi Arabia, Kuwait and the United Arab...

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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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Insight Partners Prepares to Close $10 Billion Venture Capital Fund
Insight Partners Prepares to Close $10 Billion Venture Capital Fund
September 15, 2024  |  Investments

Venture capital (VC) firm Insight Partners is reportedly preparing to close a $10 billion-plus fund. As the Financial Times (FT) reported Sunday (Sept. 15), the...

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Report: OpenAI Must Alter Structure to Reach $150 Billion Valuation
Report: OpenAI Must Alter Structure to Reach $150 Billion Valuation
September 15, 2024  |  artificial intelligence

OpenAI’s $150 billion valuation will reportedly depend on whether it can change its corporate structure. That’s according to a report Saturday (Sept. 14) by Reuters,...

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Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
September 12, 2024  |  Investments

MGX, a United Arab Emirates (UAE) state-backed technology investment company, is reportedly considering participating in a multibillion funding round for OpenAI. The fund has not determined the...

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Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
September 05, 2024  |  Investments

Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial...

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Report: OpenAI’s Building of AI Infrastructure to Begin in US
Report: OpenAI’s Building of AI Infrastructure to Begin in US
September 04, 2024  |  artificial intelligence

OpenAI reportedly plans to bring together global investors to spend tens of billions of dollars on artificial intelligence (AI) infrastructure in the United States. The...

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