Robinhood Ventures Fund said it has purchased roughly $75 million in OpenAI common stock. “OpenAI is one of the frontier artificial intelligence companies, and we are incredibly proud to add them to the Fund,” Sarah Pinto, Robinhood Ventures’ (RVI) president, said in a Wednesday (April...
DeekSeek could soon count two of China’s biggest tech companies among its investors. Tencent and Alibaba are in talks to invest in the Chinese artificial intelligence (AI) startup as it begins its first round of fundraising, The Information reported Wednesday (April 22), citing four sources with knowledge of the discussions. One...
Breadth was the safest bet in enterprise artificial intelligence (AI): Build a platform and let the market find you. That model still raises money. But the largest checks this week went to companies that went the other way, picking one industry and rebuilding its workflows...
Predictions site Polymarket is reportedly in discussions to raise $400 million in new funding. The round would give the company a valuation of around $15 billion, including the new funds, The Information reported Sunday (April 19), citing sources familiar with the matter. According to the report, this financing...
Venture investors are favoring artificial intelligence/cryptocurrency projects over pure crypto firms. That’s according to a report Saturday from CoinDesk, which says that 40 cents of every venture capital (VC) dollar invested in crypto companies last year went to companies building products that merge AI and...
Private credit outfits are reportedly turning to consumer debt for high-yield investments. That’s according to a report Sunday (April 19) from The Wall Street Journal (WSJ), which cited the example of the rent rewards FinTech Bilt. After Wells Fargo informed Bilt it would no longer...
Loop raised $95 million in a Series C funding round to expand its platform for logistics and supply chains across a broader set of enterprise use cases. The company will also invest in top artificial intelligence (AI) talent and deepen its product and engineering capabilities,...
Cursor, a maker of artificial intelligence (AI)-powered coding tools, is looking to raise about $2 billion in a funding round that would value it at over $50 billion, Bloomberg reported Friday (April 17), citing an unnamed source. The discussions are at an advanced stage, but they...
Venture capital firm Accel has raised $5 billion in late-stage capital to invest in artificial intelligence (AI) companies. The company’s partners said in a Tuesday (April 14) blog post that AI has reduced the distance between having an idea and scaling it, that the market is expanding to match that change and that the...