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🚀 Big news in the AI world! #Funding News Toronto-based Cohere has just announced a massive $500M Series D funding round, bringing their valuation to an impressive $5.5B. #Investors Led by PSP Investments, this round includes heavy hitters like Cisco, Fujitsu, AMD Ventures, and even NVIDIA and Salesforce Ventures. Cohere's innovative large language models are transforming the AI landscape, enabling advanced interactive chat and text generation applications. 🌟 With AI investment soaring, it's clear the race to the top is far from over. Stay tuned for more updates on this exciting journey! #AI #TechNews #Funding #Innovation #Startups

Big News in AI! What a power-play strategy! Andreessen Horowitz has just taken a bold step to stay ahead in the AI game, acquiring over 20,000 NVIDIA chips. This move shows their unwavering commitment to AI, proving that money alone isn't enough to secure the best AI deals. It is about having the right technology and resources to support innovation. This strategic decision is set to raise the bar for other funds, pushing them to enhance their capabilities. More importantly, it highlights a crucial point: this is not about creating dependency or monopolizing resources. Instead, it is about empowering AI startups with cutting-edge technology, enabling them to push boundaries and drive breakthroughs. By making high-end technology accessible, Andreessen Horowitz is democratizing AI, ensuring that even smaller players can compete with the big names. This can lead to a surge in innovative solutions across various sectors, fostering a more vibrant and competitive ecosystem. This move could also set a new standard in venture capital, encouraging firms to invest not just financially but also in the technological infrastructure needed for success. This holistic approach could drive substantial progress in AI and beyond. Kudos to Andreessen Horowitz for leading the charge in AI innovation! #AI #Innovation #Technology #VentureCapital #AndreessenHorowitz #NVIDIA #TechNews #FutureOfAI #Startups #Investment #ArtificialIntelligence #TechEcosystem #AIRevolution

What's New to TheStreet... 🤖Elon Musk’s xAI Eyes $40 Billion Valuation in New Funding Talks🚀 Musk’s xAI is reportedly in discussions for a funding round that could value the startup at around $40 billion, pushing the race to develop advanced generative AI technology to new heights. Is xAI set to be the next big player in AI? Share your thoughts below!👇🏻✨ 👉🏻Follow New To The Street for more! #xAI #ElonMusk #AIFunding #TechInnovation #GenerativeAI #StartupNews #TechIndustry #FutureOfAI #Innovation #Businessupdate #Businessnews #Business #News #Newtothestreet

Andreessen Horowitz is once again at the forefront of innovation, securing thousands of NVIDIA H100 GPUs to empower AI startups through their strategic initiative, "oxygen." By offering critical computational resources at reduced rates and in exchange for equity, the firm is democratizing access to cutting-edge technology, fostering unprecedented innovation, and accelerating AI development. This forward-thinking move addresses a significant bottleneck for startups, sets a new standard in venture capital, influences market dynamics, and attracts top-tier talent. Kudos to the entire team for consistently thinking ten steps ahead! TY Kate Clark and The Information for always keeping us well informed and ahead of the curve, ourselves... #AI #TechInnovation #VentureCapital #GenerativeAI #GPU #Startups #TechNews #AndreessenHorowitz #Innovation #AIStartups #AIDevelopment #MarkAndreessen #BenHorowitz

What's New to TheStreet... 🤖Elon Musk’s xAI Eyes $40 Billion Valuation in New Funding Talks🚀 Musk’s xAI is reportedly in discussions for a funding round that could value the startup at around $40 billion, pushing the race to develop advanced generative AI technology to new heights. Is xAI set to be the next big player in AI? Share your thoughts below!👇🏻✨ 👉🏻Follow New To The Street for more! #xAI #ElonMusk #AIFunding #TechInnovation #GenerativeAI #StartupNews #TechIndustry #FutureOfAI #Innovation #Businessupdate #Businessnews #Business #News #Newtothestreet

Andreessen Horowitz has shaken up the #AI sector with a strategic move to acquire >20,000 NVIDIA H100 GPUs, which they plan to rent to AI #startups. This innovative approach goes beyond traditional funding, offering crucial #hardware to fledgling companies. While this could be a boon for emerging AI businesses, it raises concerns about the potential for "monopolizing resources" and "creating dependency". By controlling a significant portion of the AI chip supply, Andreessen Horowitz might influence the direction of AI research, potentially stifling competition and distorting market dynamics. This move might lead to an #unfair advantage for startups under their wing, impacting the broader development of AI technologies. Surely something to look for in the future!

xAI’s rapid climb to a $40 billion valuation showcases how valuable AI companies are becoming, especially with their ambitious tech investments like expanding their GPU power. Musk’s goal of doubling the Nvidia GPUs in xAI’s Memphis supercomputer cluster — now positioned as the world’s largest — is not only a technological flex but a calculated move in the race for AI supremacy. This level of infrastructure could enable xAI to handle far more complex AI models and data, possibly putting it in direct competition with giants like OpenAI. The AI funding landscape overall is intense, with OpenAI and Perplexity’s valuations reflecting a similar hunger from investors who see AI as central to future tech advances. What’s notable is how xAI is positioning itself not just as another AI company but as one heavily invested in infrastructure and scalability, which could make it uniquely capable of tackling projects with massive computational needs, like advanced generative AI applications or autonomous tech. It will be interesting to see how these investments pay off and whether xAI can carve out its own identity and niche in a space already populated by big players. With Musk's track record of pushing the boundaries in other industries, it’s likely that xAI will take an aggressive approach to shape the AI landscape.

🎯 What does joining NVIDIA Inception mean for our customers? 🎯 By being part of NVIDIA’s Inception Program, composability will have access to the latest in AI model development and performance tools, which means: 1️⃣ Enhanced real-time analytics for startups and investors. 2️⃣ Even more accurate risk-adjusted scoring using NVIDIA’s optimised AI models. 3️⃣ Smarter, faster decision-making to help founders secure funding and growth. We’re committed to continuously improving our platform, and this is just the beginning! The future is bright for tech startups, and we’re here to lead the way. 🚀 #AI #Startups #NVIDIAInception #TechInnovation #investor

#fundingalert 💼Company: Scale AI 💰Funding: $1 Billion ⚡Round: Series F 👥Investors: Accel, Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, NVIDIA, Tiger Global Management, Greenoaks, Wellington Management, Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD VENTURES, LLC, WCM, Amazon, Elad Gil, and Meta. Scale AI is fueling the Generative AI revolution. Built on a foundation of high-quality data and human insight, Scale’s proprietary Data Engine powers the world’s most advanced models. Their years of deep partnership with every major model #builder enables us to provide the roadmap for any organization to apply AI. This new funding will also enable Scale to build upon its prior model #evaluation work with enterprise customers, the U.S. Department of Defense, and work on the White House-announced DEFCON 31 red-teaming event to deepen its capabilities and offerings for both public and private evaluations. Dan Levine, Alexandr Wang Read more - https://lnkd.in/gUs9Uy9r To share your startup story write us on - [email protected] #ScaleAI #revolution #evaluations #funding #fundingnews #startup #startupnews #startuprise

One week. So much to talk about. Yet so little time to adapt... It's been an interesting couple of days in the AI and start-up space. We’ve seen: → Fundings → Acquisitions → New genAI model releases It’s time to sum things up. Here are the 5 most buzzing updates of the past week: 1. Nvidia acquires AI workload management startup Run:ai for $700M 2. Snowflake releases its flagship genAI model - Arctic LLM 3. German genAI platform, Parloa, raises $66M in Series B round 4. Adobe releases Firefly 3 - 
Is it the best image generation model so far? 5. Xaira Therapeutics, an AI drug discovery start-up, emerges from stealth with $1B in funding Which one have you already heard of? -------------- Found this interesting? ♻ Repost to be the first to inform your network. 🔔 Follow Pete Skarzynski for more AI content. #ai #startups #nvidia #genai