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The 'godmother of AI' Fei-Fei Li, reportedly raised about $100 million in funding to build her startup, World Labs. According to the Financial Times' sources, World Labs raised the capital over two funding rounds, the most recent of which valued the company at more than $1 billion. The company’s investors are said to include Andreessen Horowitz and Radical Ventures, a Toronto-based venture fund where Li is a scientific partner. It’s likely that a sizable portion of the $100 million that World Labs has reportedly raised will go towards AI infrastructure. https://lnkd.in/e6MS7ERa #AIHWEdgeAISummit #AI #EdgeAI #AIHardware #Partnership

Menlo Ventures and Anthropic have joined forces to launch the $100M Anthology Fund, targeting pre-seed to Series A AI startups. Key points: -->$100K+ investments -->$25K in Anthropic model credits -->Focus on companies building with Anthropic or broadly in AI This collaboration between a top VC and a leading AI company signals a strong push for innovation in the AI ecosystem. Startups, get your applications ready! #AI #VentureCapital #Startups

This insight from Allie K. Miller reflects the shift that all tech businesses are going through. And, this shift is also a precursor for how all businesses will need to evolve. Being AI-first isn't just prioritizing the use of AI in your business, it is refactoring your processes and business model to fully leverage the scale, intelligence and speed of AI. It is transformation that takes advantage of the new characteristics of AI for competitive advantage. We need to be prepared to let go of old ways of working. #genai #ai #generativeai #artificialintelligence #futureofwork

) Hillel from Kennet Partners stresses the need for levelheaded investing in the AI sector. With hype surrounding AI startups, it's crucial to focus on good businesses with strong strategies. Not all that glitters is gold. #Investment #ArtificialIntelligence #BusinessStrategy

The world of startups is being split into two by the arrival of generative AI (GenAI), and those who can leverage this new technology ahead of their peers will have a significant advantage in attracting funding, according to Dave Richards, co-founder and managing partner of Capria Ventures.

🚀 Cambri secured €8M in new funding from Octopus Ventures and S4S Ventures👉 https://ain.social/4e26ebw Finnish startup Cambri has secured €8M in a new funding round to scale its AI-powered consumer insights platform! The round included participation from new investors Octopus Ventures and S4S Ventures, alongside existing backers like OpenOcean, Spintop Ventures, and The 98. Cambri, founded in 2018, helps major brands tackle the high failure rate of product launches by providing actionable insights with an impressive 80% prediction accuracy. Its AI engine is 2-3 times more accurate than traditional methods, fuelling Cambri's rapid growth with a 146% year-over-year ARR increase. The fresh funds will support Cambri's global expansion and further enhancement of its AI models, setting the stage for even more successful product launches worldwide. #AI #StartupFunding #ConsumerInsights #TechInnovation #ProductLaunches

Whether investors agree or not, it’s a critical reality in the AI startup arena. Only those companies, ideas, founders, or startups that secure “substantial funding” from multiple VCs and achieve rapid market penetration with significant cash burn will lead the show. The AI sector is characterized by a lack of exclusivity and monopoly, where the ability to develop and penetrate the market quickly is paramount. Those who can maintain a healthy financial runway for at least 1-2 years (through great VCs cheques) are more likely to influence market trends. #OpenAI is a prime example of this dynamic at play. Now, with a $500M investment, they have secured a few more months of runway and also aim to create some disruption in the tech world. Copy and paste, but after pasting it, don’t hold back. Shout it out loud and get the needed attention, funding, and appraisals. 🫣 Its a game of securing Capital ! New AI 🤖 products are building on other multiple AI’s.

Investment in the AI sector today completely dwarfs any era of investment seen by humanity before. To explain in numbers: AI startups worldwide raised $50 billion in 2023. An impressive number of startups are landing top-tier venture capital funding. You can view the complete list of top 1K Startups that Fundraised in 2024 so far at https://lnkd.in/d9nkRgQs 💰 The list contains: - Company names - Their last funding round amounts - The top investors they raised from - Funding round If you have a folk account, you can analyze + extract data from this list by duplicating it. #folkPartner #sponsored

Start-up/VC lawyers: A crucial reminder that understanding AI is essential—not just for your clients' business models, but for your own professional relevance as well. Observe, listen, and learn. Most importantly, integrate AI into your daily life, both on and off the proverbial clock. Engage with the future.

Fascinating insights! The shift towards AI-first startups signifies a monumental transformation in both the venture capital landscape and the broader tech ecosystem. Your observation regarding the jump from 25% to roughly 90% of VC pitches being AI startups underscores a pivotal moment in innovation. It's clear that the value proposition of AI has not only become more recognized but is now at the forefront of entrepreneurial efforts. The point about "wrapper" companies is especially intriguing, highlighting a diverse range of applications and the potential for significant value creation in repackaging existing AI technologies in innovative ways. This heralds a broader trend where the differentiation lies not just in the technology itself but in how it's applied. Your emphasis on the human element in leveraging AI resonates deeply. It's a reminder that while AI can provide the tools for disruption, the real edge comes from human creativity, insight, and the ability to integrate these technologies effectively into solutions that address real-world problems. Allie K. Miller