Nscale, a developer of artificial intelligence (AI) data centers, aims to raise as much as $3 billion in an initial public offering that could take place as soon as September, Bloomberg reported Friday (Aug. 21), citing unnamed sources. Deliberations are ongoing, and the details could change,...
Dexmal, a Chinese firm developing embodied artificial intelligence to control robots, is seeking a valuation of 20 billion yuan ($3 billion) in a funding round, Bloomberg reported Friday (Aug. 21). The talks are ongoing, Dexmal Founder Tang Wenbin said in the report. Previous Dexmal funding...
California is reportedly seeing an historic wave of investment due to Silicon Valley’s artificial intelligence (AI) boom. Companies there have taken in around $366 billion in venture capital this year, with just two artificial intelligence (AI) firms—OpenAI and Anthropic—accounting for half that total, The Wall...
Nvidia has discussed participating in a funding round that would value Mercor, a data labeling provider that supplies data that helps the chip designer develop open-source models, at $20 billion, The Information reported Wednesday (Aug. 19), citing unnamed sources. The size of Nvidia’s potential investment and the total...
FinTech PointsKash has secured a strategic capital commitment of up to $100 million from Hawk Capital Advisors to support the national rollout of its FinTech, payments, loyalty rewards and digital commerce offerings, PointsKash said in a Wednesday (Aug. 12) press release. PointsKash is developing physical and digital platforms to create a flexible...
Voice artificial intelligence (AI) startup Wispr Flow is now a $2 billion company after raising $280 million. The company’s Series B round, announced Monday (Aug. 17), comes as Wispr Flow is debuting its latest speech model to address changing needs around voice-to-text technology. “For most...
Artificial intelligence (AI) inference company Groq has raised $350 million in new funding. The Series A round will help Groq support customers “seeking usage of medium and larger sized clusters of Nvidia accelerated computing for training and inference,” the company said in a news release...
AI video generation platform Higgsfield is now a $5.4 billion company. The company achieved that valuation as it raised $400 million in a Series B funding round, Higgsfield announced Monday (Aug. 17). The startup says it will use the new funding to expand its time and scale its...
Data and artificial intelligence (AI) company Databricks raised $5 billion in a strategic funding round at a $190 billion valuation, the firm said in a Thursday (Aug. 13) press release. The new valuation is up from the $134 billion at which it was valued in a February funding round and the...