Gang Du’s Post

Scale AI valued at $14 billion in Nvidia, Amazon-backed funding round 🚀 Big News in the AI World! 🚀 Scale AI has achieved a remarkable milestone, raising $1 billion in a late-stage funding round! This round was led by venture capital firm Accel with significant participation from tech giants Nvidia, Amazon, and Meta, valuing the AI data startup at nearly $14 billion. 🌟 Scale AI collaborates with top-tier clients including Microsoft, Morgan Stanley, OpenAI, and Cohere to create and refine data sets, driving advancements in the AI field. This San Francisco-based company's funding round is part of a broader trend, as AI startups collectively raised $19.15 billion in venture capital funding in the first quarter, up from $16.36 billion in the same period last year. Read more about this exciting development [here](https://lnkd.in/gAwXjRms). #AI #TechNews #StartupFunding #Nvidia #Amazon #Meta #ScaleAI #Innovation #Accel #Microsoft #MorganStanley #OpenAI #Cohere

"This is what actually scares me the most… thanks to Ai big tech is getting back in shape to run a marathon at breakneck speeds. It’s been a long time since all of them competed so intensely against each other to win, in a very public way, with events and media coverage almost daily. Startups face significant challenges in competing with these giants. The financial muscle of Big Tech allows them to outspend startups in R&D and acquisitions. The data advantage held by these companies means that their AI models can be trained on more comprehensive and varied datasets, leading to superior performance. So most startups will need access to it via partnerships, APIs etc - hopefully go beyond being just a wrapper." https://lnkd.in/gidWwWAr

💰 #ElonMusk's xAI Raises $5 Billion and Doubles Valuation 🚀 📊 STARTUP SNAPSHOT - Founded: 2023 - Total Funding: $16 billion - Key Product: Colossus 100k H100 training cluster - Category: AI/ML Infrastructure 💫 NEWS HIGHLIGHT xAI's significant $5 billion raise elevates its valuation to $50 billion, bolstering its AI capabilities on a colossal scale. 💡 INNOVATION ANGLE - Technical Edge Expanding the computational power for cutting-edge AI model training - Market Opportunity Doubling their competitive edge in a market valuated at billions. - Business Model Building AI services at a massive scale 🏗️ GROWTH METRICS - Customer Growth: Ongoing collaborations with key industry players - Market Penetration: Strengthens global presence in AI computing 🔮 STARTUP TRAJECTORY - Near-term (6 months) Enhance AI model training capabilities - Scale-up (12-18 months) Expand into new tech verticals through further partnerships 💪 COMPETITIVE EDGE Positioned against top competitors, leading with superior tech infrastructure. #AIStartups #VentureCapital #AIInfrastructure #StartupLife #xAI

Are Generative AI #Investments at Risk?🧐 Investments in generative #AI startups remain strong. According to Crunchbase data shared with TechCrunch, $12.3B raised by 225 #startups in H1 2024✅ Early-stage deals dominate, but legal challenges and costly training data pose risks. Major #investors like Google , Amazon , and NVIDIA are committed, but could a bubble burst be imminent? Will generative AI startups overcome these existential challenges? Comment Below👇

In a bold move to carve out a competitive edge in the global AI race, Europe has embarked on an ambitious journey with its EuroHPC project. This initiative, backed by a nearly €8bn investment, aims to turbocharge the region’s AI startups by providing them with unprecedented access to supercomputing resources. At first glance, this strategy appears as a beacon of hope, potentially catapulting Europe from an AI early-stage startup phase to a significant player on the world stage. However, beneath the surface of this appealing proposition lies a complex web of challenges that could either make or break the project’s long-term success.

💡 💫 Our Head of Investment Research Awet Ghirmay shares his insights on the significance of AI investment and its potential to transform industries. 🎙 Tune in to our latest Intelligent Wealth podcast Episode 7 on Automation and Robotics, NOW available! 📌 Join Awet Ghirmay, Tony Byrne (Managing Director of Minerva Money Management), and Carl Roberts, FPFS (Director) as they explore the future of investments, automation, and AI. 🧐 🌟 🔗 Watch the podcast here: https://lnkd.in/erDnkfZi

𝗧𝗵𝗲 𝗔𝗴𝗲 𝗼𝗳 𝗔𝗜 “𝗕𝗶𝗴𝗴𝗲𝘀𝘁𝘀” 𝗮𝗻𝗱 𝗕𝗼𝘂𝗻𝗱𝗹𝗲𝘀𝘀 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 AI is rewriting the rules of innovation, setting records that were unimaginable just a few years ago. 🚀 Here’s a closer look at the biggest trends shaping this transformative era: 🌟 𝗕𝗶𝗴𝗴𝗲𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗶𝗴: • OpenAI secured the largest VC round in history($6.6 billion at $157 billion post-money valuation). • Safe SuperIntelligence redefined seed funding with an unprecedented $1B round. • Character.AI's $2.7B acqui-hire set a new benchmark for talent acquisition. • xAI’s Colossus emerged as the largest supercomputer designed for AI breakthroughs. 💰 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻𝘀 𝗕𝘂𝗶𝗹𝘁 𝗼𝗻 𝗢𝗽𝘁𝗶𝗺𝗶𝘀𝗺: • NVIDIA is trading at a P/E of 65, reflecting high expectations of AI-driven growth. (𝘈 𝘩𝘪𝘨𝘩 𝘗/𝘌 𝘳𝘢𝘵𝘪𝘰 𝘭𝘪𝘬𝘦 65 𝘮𝘦𝘢𝘯𝘴 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 𝘢𝘳𝘦 𝘱𝘢𝘺𝘪𝘯𝘨 $65 𝘧𝘰𝘳 𝘦𝘷𝘦𝘳𝘺 $1 𝘰𝘧 𝘕𝘝𝘐𝘋𝘐𝘈’𝘴 𝘦𝘢𝘳𝘯𝘪𝘯𝘨𝘴) • Startups are achieving multi-billion-dollar valuations, often before even launching products. ⚡ 𝗨𝗻𝗺𝗮𝘁𝗰𝗵𝗲𝗱 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺: AI startups are scaling at a pace faster than SaaS companies ever did. Stripe data underscores how the top AI startups in 2024 (e.g., OpenAI, Anthropic, Mistral AI, Midjourney) are making money faster than equivalent SaaS companies in 2018. 𝘼𝙡 𝙨𝙩𝙖𝙧𝙩𝙪𝙥𝙨 𝙩𝙝𝙖𝙩 𝙝𝙞𝙩 𝙖𝙩 𝙡𝙚𝙖𝙨𝙩 $30𝙈 𝙖𝙣𝙣𝙪𝙖𝙡𝙞𝙯𝙚𝙙 𝙧𝙚𝙫𝙚𝙣𝙪𝙚 𝙖𝙘𝙝𝙞𝙚𝙫𝙚𝙙 𝙩𝙝𝙚 𝙢𝙞𝙡𝙚𝙨𝙩𝙤𝙣𝙚 𝙞𝙣 20 𝙢𝙤𝙣𝙩𝙝𝙨 — 5𝙭 𝙛𝙖𝙨𝙩𝙚𝙧 𝙩𝙝𝙖𝙣 𝙥𝙖𝙨𝙩 𝙎𝙖𝙖𝙎 𝙨𝙩𝙖𝙧𝙩𝙪𝙥𝙨. We’re witnessing history in the making. AI isn’t just evolving industries—it’s redefining them. The question isn’t just what AI can do, but what we can build with it. #AI #Startup #Innovation #GenAI #SaaS #Tech

Discover the latest move in the AI sector, where Groq, an AI inference startup, has secured a whopping $640 million in their recent Series D funding. This landmark funding round, participated by giants like BlackRock and Neuberger Berman, propels Groq closer to industry leader NVIDIA, despite the looming challenges in the AI hardware market. Explore more about how this funding could reshape the competitive landscape in AI technology. Don't miss out on the detailed insights provided by Mark Beccue and Chirag Dekate, Ph.D. in this intriguing read! https://lnkd.in/eiCpe-Rn #AI #ArtificalIntelligence

"Despite continuing to bet big on A.I. startups and chip programs, the founders of the venture capital firm Andreessen Horowitz say they’ve noticed a drop off in A.I. model capability improvements in recent years. Two years ago, OpenAI’s GPT-3.5 model was 'way ahead of everybody else’s,' said Marc Andreessen, who co-founded Andreessen Horowitz alongside Ben Horowitz in 2009, on a podcast released yesterday (Nov. 5)(, https://lnkd.in/guwdTtC8). 'Sitting here today, there’s six that are on par with that. They’re sort of hitting the same ceiling on capabilities,' he added." Alexandra Tremayne-Pengelly, Andreessen Horowitz Founders Notice A.I. Models Are Hitting a Ceiling—The founders of Andreessen Horowitz say development in A.I. model capabilities are beginning to slow down, 𝘛𝘩𝘦 𝘖𝘣𝘴𝘦𝘳𝘷𝘦𝘳, 6 November 2-2024, https://lnkd.in/g5txJDVT Stephanie Palazzolo, Erin Woo and Amir Efrati, Exclusive: OpenAI Shifts Strategy as Rate of ‘GPT’ AI Improvement Slows, 𝘛𝘩𝘦 𝘐𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯, 9 November 2024, https://lnkd.in/gRN_KfWn

Investments in generative AI startups remain robust, but they are consolidating into a fewer number of early-stage ventures. From January to July 16, 2023, 225 startups raised $12.3 billion, with early-stage companies leading the pack. 🚀   𝗞𝗲𝘆 𝗳𝗶𝗴𝘂𝗿𝗲𝘀:   - 198 angel/seed deals: $500 million - 39 early-stage deals: $8.7 billion - 18 late-stage deals: $3.1 billion   Notable early-stage winners include xAI, Moonshot AI, Mistral AI, Glean, and Cognition. Investors are focusing on big startups with high success potential, while others face uncertain futures amid legal and regulatory challenges. The rising costs of high-quality training data and model development are significant hurdles, making profitability elusive even for major players like OpenAI and Anthropic.   Generative AI investments are seen as long-term strategic bets by tech giants like Google, Amazon, and NVIDIA. However, the future remains uncertain as these startups navigate complex challenges.   Check out the full article by TechCrunch and follow DeepTech Futures for more AI news ⚡️   https://lnkd.in/eSGBydW9   #AI #TechCrunch #ArtificialIntelligence #AIFunding #VentureCapital #DeepTechFutures #DeepTech #AIInsights #GenerativeAI