Will be an interesting story to watch. See also Brain.ai for related... https://lnkd.in/gCQVNMyy Per Perplexity, OpenAI CEO Sam Altman and former Apple design chief Jony Ive are indeed in talks to raise up to $1 billion from major venture capital firms for their secretive AI-powered personal device startup.[1][2][3][4][5] The key details are: - Altman and Ive have formed a new unnamed startup to develop an AI-powered personal device that will not resemble a traditional smartphone.[1][2][3][4][5] - They are currently in advanced discussions with investors like Thrive Capital (an OpenAI investor) and Emerson Collective to secure around $1 billion in funding.[1][2][3][4][5] - The device is expected to leverage OpenAI's advanced language models and AI capabilities, similar to products like the Humane AI Pin that Altman has invested in.[2][4][5] - While details about the device remain under wraps, it is positioned to challenge the conventional smartphone experience and explore new ways of interacting with AI.[3][4] - Ive left his role as Apple's design chief in 2019 but continued to work with the company as a consultant until 2022.[2] - The collaboration between Ive and Altman has been in the works for some time, with initial reports of their partnership surfacing last fall.[4] In summary, the search results confirm that Altman and Ive are actively seeking significant funding for their secretive AI device startup, which aims to reimagine how we interact with artificial intelligence on a daily basis.[1][2][3][4][5] Citations: [1] https://lnkd.in/g8DtiRWM [2] https://lnkd.in/gxmva8TJ [3] https://lnkd.in/g35_T4By [4] https://lnkd.in/g3K2KEG7 [5] https://lnkd.in/g_UpN6rr
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🤖 Jony Ive and Sam Altman's AI Device Startup 🤖1/ Former Apple designer Jony Ive and OpenAI CEO Sam Altman are reportedly developing an AI device startup4 https://lnkd.in/deckkrnq. 2/ The mysterious company is in funding talks with Emerson Collective and Thrive Capital, a major investor in OpenAI4 https://lnkd.in/deckkrnq. 3/ Ive is seeking to raise up to $1 billion in funding, and the device may utilize OpenAI's conversational AI4 https://lnkd.in/deckkrnq. 4/ Apple's iPhone design chief, Tang Tan, is set to join Ive's LoveFrom design studio to work on the AI project2.5/ The device's design and capabilities will be shaped by LoveFrom, while Altman plans to provide the software underpinnings2.
Jony Ive and Sam Altman’s AI Device Startup in Funding Talks With Emerson, Thrive
theinformation.com
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New startup named /dev/agents raises $56M for building an OS for AI agents. The company is led by former executives from Google, Stripe, and Meta, aiming to create an operating system for AI agents. The funding round was led by Index Ventures and CapitalG, with participation from other notable investors including Scale AI's CEO and OpenAI's co-founder. David Singleton, the CEO of /dev/agents, emphasized the need for a platform that makes AI agents accessible for mainstream use. The startup's goal is to build AI agents that can autonomously perform tasks and integrate seamlessly into daily software use. Singleton highlighted the necessity for new UI patterns and a reimagined privacy model to facilitate the development of these agents. The company plans to develop a cloud-based operating system for AI agents that can operate across various devices. Nina Achadjian from Index Ventures mentioned the potential for AI agents to transform how people interact with technology. Read more: https://lnkd.in/eBibeXkJ #ai #artificialintelligence #aistartup #aifunding
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Scale AI raised $1 billion in a round led by Accel that values the data labeling and evaluation startup at a stunning $13.8 billion. The valuation is nearly double the $7.3 billion the San Francisco-based startup hit after a $325 million raise in April 2021. The new financing included some of the biggest names in tech, with Nvidia, Meta and Amazon all investing. Others existing investors participating in the round included Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Tiger Global, Greenoaks Capital and Wellington Management, as well as new investors Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM Investment Management and Elad Gil. The new Scale AI round is the second $1 billion raise for a U.S.-based AI startup this month, after CoreWeave raised a whopping $1.1 billion in a fresh funding round led by Coatue in a deal valuing the company at $19 billion, per The Wall Street Journal. Scale AI plays a key role in creating large language models, accurately labeling text, images, video and voice data. The startup also creates and fine-tunes data sets. https://lnkd.in/erM-d5U5
Scale AI Raises $1B In Accel-Led Round; Hits $13.8B Valuation
nasdaq.com
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As analysts debate whether high investments and valuations in the AI space are creating a bubble akin to the dot-com bubble of the 90s, a less than six-month-old startup is seeking a valuation in the billions. Cognition Labs, an AI startup founded in November that’s building an AI tool for writing code, is reportedly seeking a valuation of up to $2 billion in its current fundraising round, according to the Wall Street Journal. Earlier this year, the startup was valued at $350 million, after a $21 million Series A round led by Peter Thiel-founded Founders Fund. The fund reportedly plans to invest in the current round. If Cognition Labs completes its current round with the $2 billion valuation, its valuation will have increased sixfold in just weeks. The startup has also reportedly turned down offers of a $1 billion valuation. Subscribe to the Daily Brief, our morning email with news and insights you need to understand our changing world. The startup, which launched what it calls “the world’s first fully autonomous AI software engineer,” Devin, in March, reportedly started working on the product only last year, and currently doesn’t generate any real revenue. According to the startup, its product “can plan and execute complex engineering tasks requiring thousands …
An AI startup that's not even 6 months old says it's worth $2 billion
qz.com
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Happening Now in Tech: Apple Acquires Canadian AI Startup, Nabla Inc. 🍁💡🚀 Apple aims to escalate its #ArtificialIntelligence game by acquiring the formidable #AI startup Nagbla Inc. This move demonstrates Apple's commitment to leading the charge in the advancement of #GenerativeAI, a fascinating field that can create new content from existing data. Join us in uncovering the motivations behind this acquisition and what this could mean for the future of AI. Read the full story here:
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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 …
AI startup Groq gears up for new funding
axios.com
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🚀 35 US AI Startups Raising $100M+ in 2024 🚀 AI is booming in 2024, with a remarkable number of startups securing significant funding. Here are some highlights: Safe Superintelligence: $1 billion raised at a $4 billion valuation. Magic: $320 million Series C, a major leap in AI coding. Abnormal Security: $250 million for AI-driven email security. xAI: $6 billion Series B for an AI platform that will “accelerate human scientific discovery" Scale AI: $1 billion for data-labeling services, now valued at nearly $14 billion. The total global investment in AI startups reached over $35.5 billion in the first half of 2024 alone. 📈 How do you think these investments will shape the future of AI? Explore more details in the full list from TechCrunch: https://lnkd.in/dWqGt-tM
Here’s the full list of 35 US AI startups that have raised $100M or more in 2024 | TechCrunch
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This 90-day-old AI startup has already secured $1 billion in funding without a product. I’m talking about Ilya Sutskever, OpenAI's co-founder, and his new venture, Safe Superintelligence Inc. After nearly a decade of pushing boundaries at OpenAI, Ilya stepped away earlier this year to launch this new company, along with Daniel Gross and Daniel Levy, in June. Their goal? To develop AI systems that surpass human intelligence—safely. But they’re not rushing to market with a product or chasing short-term profits. Instead, they’re laser-focused on building “superintelligence” free from immediate pressures. Despite having no product, they’ve already attracted $1 billion in funding from top investors, including Andreessen Horowitz, Sequoia Capital, and DST Global. Their core teams will be built out in Palo Alto and Tel Aviv. What comes next for Safe Superintelligence Inc.? That’s the billion-dollar question. With the talent and capital behind them, they’re poised to make big waves in AI. Let’s see what they bring to the table—I’m excited to watch it unfold. -- Articles for references: Reuters: https://lnkd.in/gXB_G4ia CNBC: https://lnkd.in/gcfXN3f2 SSI's official website: https://ssi.inc/
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The trajectory of the 2024 Next #BillionDollarStartups list was overwhelmingly determined by two trends: the continuing dearth of funding for startups and the overwhelming rise of AI. AI continues to be the dominant force driving innovation. Last year’s list indicated that companies involved in artificial intelligence and machine learning would become the next tech heavyweights, especially in cybersecurity and logistics. With funding for generative AI companies reaching historic levels in 2023, it is no surprise that this technology remains a key driver of innovation in 2024.
AI Drives The 2024 Next Billion-Dollar Startups List
social-www.forbes.com
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The trajectory of the 2024 Next #BillionDollarStartups list was overwhelmingly determined by two trends: the continuing dearth of funding for startups and the overwhelming rise of AI. AI continues to be the dominant force driving innovation. Last year’s list indicated that companies involved in artificial intelligence and machine learning would become the next tech heavyweights, especially in cybersecurity and logistics. With funding for generative AI companies reaching historic levels in 2023, it is no surprise that this technology remains a key driver of innovation in 2024.
AI Drives The 2024 Next Billion-Dollar Startups List
social-www.forbes.com
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Collaborate • Deliver • Iterate. 📱
8moIt will be thin, so thin that it compromises the durability of the device, so, so thin, and it won't have any stinking ports. https://youtu.be/VqomZQMZQCQ?si=9yCtmnMUb0iILXFJ