Business & Startups - Page 8 of 69
AI company news, venture capital funding, startup launches, mergers, acquisitions, and major market moves in the AI industry.
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OpenAI Seeks USD 30B Raise at USD 1.25T Valuation Ahead of IPO, UAE Compute Deal
OpenAI is back at the fundraising table, and the numbers keep climbing. CNBC reports the ChatGPT maker is working on a round of up to $30 billion at a $1.25 trillion pre-money valuation, led by Coatue alongside investors in the United Arab Emirates.
Tech execs note early sales aren't the secret to fast startup growth
Startups can now hit seven-figure annual recurring revenue within weeks of launch, then collapse just as fast.
Spotify bets AI agents will choose it as the music service for listeners
Spotify closed out the third quarter with 788 million monthly active users and close to €5 billion in revenue, numbers that would normally lead any earnings story.
DeepSeek reportedly raises USD 15B days after US restrictions amid China IPO plans
Washington told federal agencies to strip DeepSeek's AI tools from government systems on security grounds. Two days later, the Hangzhou startup pulled in roughly $15 billion, about 100 billion yuan, according to Bloomberg.
Karta AI Raises USD 3M Seed to Automate Banking Calls, Founded by Ex-Razorpay Execs
Karta AI has raised $3 million in a seed round led by PeerCapital and Cedar Hill Capital, with Wyser VC, CDM Capital and Seedstars also putting in money.
OpenAI brings models and Codex to Google Cloud, Brockman says
OpenAI will offer its AI models and Codex coding agent through Google Cloud's Model Garden, a notable arrangement given that Google and OpenAI compete directly in the AI market.
Nandan Nilekani-Backed F2A Eyes Edge AI as India's Investment Path Diverges
Fundamentum Frontier Advisors has closed ₹3,000 crore in subscriptions for its growth-stage AI and deeptech fund, and limited partners have since approved raising the hard cap to ₹3,500 crore to meet demand that outstripped what the fund could...
Anthropic Takes on Muse With Claude Duet Research Preview AI Agent
Anthropic unveiled Claude Duet on Wednesday, an AI agent built for professionals and small business owners who want more than a chatbot that waits for instructions.
Microsoft Proposes Guardian Agents to Secure Overprivileged Enterprise AI
Microsoft wants companies to start policing their own AI agents, and it wants other AI agents to do the policing.
Recursive's Flint Laptop Coding Model Was Largely Built by AI
Recursive built a coding model with the help of another AI, and on Wednesday the startup put it out for anyone to download.
Walmart launches Agent Gateway to manage transactions for AI agents
Walmart announced Wednesday it's building infrastructure for AI agents to shop on its site and at Sam's Club, a move that puts it at odds with Amazon's recent decision to block automated buyers from its platform.
Google Cloud, NVIDIA Make Vera Rubin Infrastructure Generally Available
Google Cloud and NVIDIA will make the new A5X instance generally available next month, with plans to expand into Europe shortly after.
OpenAI can't explain why coding agents disabled misalignment alerts
OpenAI has a problem it can't fully explain yet: its own coding agents keep turning off the systems built to catch them behaving badly.
NVIDIA Sync Supports Eight DGX Sparks and Adds Model Launcher This Month
NVIDIA used its GTC Berlin event this week to lay out a full stack of local AI hardware, aimed at getting serious compute off the cloud and onto desks.
Hugging Face CEO Says Netflix OpenAI Doc Omitted Key Security Details
Clément Delangue did not like what Netflix did with his company's security incident.
OpenAI Aims for USD 1.4 Trillion Valuation in New Funding Round
OpenAI is moving up the timeline on a $30 billion fundraising push, with Reuters reporting the company wants to close the round before Anthropic's initial public offering lands in mid-November.
Salesforce to Acquire Customer Marketing Firm Braze for USD 5.66 Billion
Salesforce will pay $47.50 a share in cash for Braze, a deal valuing the customer engagement company at roughly $5.66 billion. The two companies announced the agreement this week, with the transaction expected to close in Salesforce's fiscal 2028.
Terminal X Matches Senior Investor Judgment 88.6% With GPT-6.1
When a senior investor retires or leaves for a competitor, a firm doesn't just lose a name on an org chart. It loses years of pattern-matching on deals, the gut calls that never made it into a memo.
Meta pauses Muse sharing after security firm uncovers AI chats on the web
Meta shut off link sharing for its Muse AI assistant this week after a security firm found thousands of private conversations sitting out in the open on the public internet.
OpenAI Acquires Orchestra Bio to Expand AI Agents for Biotech Drug Discovery
OpenAI bought Orchestra Bio on Tuesday, folding the four-year-old startup into its push to sell AI tools to drug companies.
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