AI Market Watch’s Post

OurCrowd unicorn Hailo leads the #AI edge revolution, closing a $120 million funding round, bringing its valuation to more than $1 billion — "the latest sign of #investor enthusiasm for #startups that can help address a global chip shortage and fuel the development of generative AI," Bloomberg reports. "Many AI chip startups have yet to land one major contract, let alone dozens or hundreds. But Hailo has over 300 customers today," TechCrunch reports. OurCrowd investors still have exclusive access to this successful round for a limited period. https://lnkd.in/dW6MK3ei

Groq, a Mountain View, Calif.-based artificial intelligence chip startup backed by the likes of Tiger Global and Lee Fixel's Addition, is gearing up to raise a fresh round next quarter after taking in a small recent cash infusion, the company tells Axios. Why it matters: The company, which says its AI chips can be 10 times faster than conventional ones, is at the center of the recent firings at venture firm Social Capital. The big picture: Founded in 2016 by Ross, Groq has built chips specifically designed for inference, that is, running generative AI models. It says its chips, dubbed "language processing units" (LPUs), are not only quicker but also one-tenth the cost of conventional AI hardware. The company currently has about 4,500 chips deployed, and Ross tells Axios it will have 1.5 million by end of next year. While at Google, Ross helped invent the company's tensor processing unit (TPU), its chip designed specifically for machine learning. To date, Groq has raised $367 million, most recently a $300 million round in 2021 at a $1.1 billion valuation led by Tiger Global and D1 Capital. Zooming in: The startup's strategy is two-pronged. It's selling access to developers who want to run their AI software on its cloud infrastructure, and selling its hardware to customers …

Breaking News in the AI World: Fibr Secures a Hefty $1.8M Funding from Accel! I hope everyone is having a fantastic day! Exciting news just out of the tech grapevine - Fibr, an emerging AI startup, secured a massive $1.8 million in funding led by the renowned venture capital firm, Accel. This funding is set to catapult their operations to new heights. From my perspective, this is not just an ordinary investment story. Fibr's efforts center around personalization platforms, a subfield of AI that has seen explosive growth lately. The fact that investors are taking serious note is indicative of a broader trend that AI is no longer the future; it's the present. The impact of this funding round can't be overstated. Other startups in the AI domain should be inspired by Fibr’s success. Higher investment in AI startups fosters innovation and paves the way for technological advancements that will ultimately reshape industries and the way we work. This story begs the question: As we see more funding in AI startups, what impacts are you predicting in your industry? How is your business planning to leverage the power of AI? Let the discussion begin in the comments section. Also, don’t forget to subscribe to my newsletter for the latest insights into the real world of AI: The Real World AI FREE Newsletter: https://lnkd.in/e5jBQ5ev Stay connected, stay informed!

Tenstorrent: Bezos' Vision to Revolutionize AI Investments Jeff Bezos is shaking up the AI landscape by investing $700M into Tenstorrent, but can this ambitious play disrupt the dominance of giants like Nvidia? Armed with $150M in contracts and a strategic partnership with Samsung, Tenstorrent offers innovative AI solutions that promise to be cost-effective and power-efficient. As this startup gears up to challenge the status quo, the question remains: can Tenstorrent redefine the AI frontier and seize the lead from established players? The investment from Bezos isn’t just about capital; it reflects a bold vision for the future of AI technology, where agility and innovation could trump size. Tenstorrent’s approach points to a future where AI systems become more efficient, their affordability and reduced power consumption opening new possibilities across industries. This could mean significant shifts in how businesses approach AI, potentially making advanced AI solutions more accessible to smaller enterprises and revolutionizing various sectors. Tenstorrent's partnership with Samsung could be a game changer. This collaboration might enable the rapid scaling and deployment of next-gen AI technologies, pushing the envelope of what AI can achieve. If successful, it could trigger a ripple effect, inspiring more collaboration and investment across the AI spectrum. Investors and tech enthusiasts worldwide are watching closely to see whether this alliance can deliver on its promises. Is this the dawn of a new era where smaller, nimble players like Tenstorrent upset the well-entrenched AI hierarchy? The potential is as vast as it is compelling, sparking debates about the future battlegrounds of AI innovation and competition. In an arena dominated by giants, Tenstorrent’s bold step backed by Bezos could either be a masterstroke or a monumental challenge. The outcome will offer insights into the evolving dynamics of tech investments and innovation. If Tenstorrent succeeds, it might set a significant precedent for future investments and inspire other investors to back similar ventures. The startup's journey could redefine industry standards and expectations around AI capabilities and deployment avenues. As the AI domain rapidly evolves, every new development invites discussions around technology's role in reshaping business landscapes and societal norms. Will Tenstorrent catalyze a shift that levels the playing field, or will it face insurmountable challenges from established tech behemoths? The world waits in anticipation. #TechInvestments #AIInnovation #StartupRevolution

✦ GENERATIVE AI STARTUPS attracted over $3.9 BILLION through 206 DEALS in Q3 2024, demonstrating STRONG INVESTOR CONFIDENCE ✦ US-BASED INVESTMENTS dominated with $2.9 BILLION, highlighting significant participation from domestic investors while INTERNATIONAL PLAYERS like MOONSHOT AI and SAKANA AI made notable progress ✦ Despite CHALLENGES, the sector exhibits PROMISE for future GROWTH and INNOVATION #GenerativeAI #TechInvestment #Innovation #StartupGrowth

VCs outline their AI startup wishes: transformative tech shaping industries, with AI's untapped potential signaling a huge opportunity for founders. Discover what's next on their AI wishlist. #VentureCapital #ArtificialIntelligence @BlackRock @ClearlakeCap