AI Investment

Microsoft Bing Head to Step Down Amid AI Push
Microsoft Bing Head to Step Down Amid AI Push
March 26, 2024  |  Personnel

The head of Microsoft’s Bing search engine and ad business is reportedly leaving that role. Mikhail Parakhin’s departure — the subject of a Monday (March...

READ MORE >
FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors
FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors
March 24, 2024  |  artificial intelligence

Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company...

READ MORE >
Thomson Reuters Has $8 Billion in ‘Financial Firepower’ for AI Investment
Thomson Reuters Has $8 Billion in ‘Financial Firepower’ for AI Investment
March 11, 2024  |  artificial intelligence

Thomson Reuters has reportedly amassed $8 billion to invest in the artificial intelligence (AI) space. In an interview with the Financial Times Monday (March 11), CEO Steve...

READ MORE >
Report: OpenAI in Talks With Singapore-Owned Investor Temasek
Report: OpenAI in Talks With Singapore-Owned Investor Temasek
March 05, 2024  |  artificial intelligence

Singapore’s state-owned investment group Temasek is reportedly in talks to back OpenAI. Assuming a deal went forward, it would mark the first time the artificial intelligence (AI) company...

READ MORE >
VC Veterans: AI Now a Part of 80% of Funding Pitches
VC Veterans: AI Now a Part of 80% of Funding Pitches
February 04, 2024  |  artificial intelligence

For Mamoon Hamid and Ilya Fushman, hearing investment pitches means hearing about AI. The two venture capital (VC) veterans talked about the funding landscape and their firm Kleiner Perkins in a...

READ MORE >
Report: Anthropic 2024 Revenue Could Approach $1 Billion
Report: Anthropic 2024 Revenue Could Approach $1 Billion
December 27, 2023  |  artificial intelligence

Artificial intelligence startup Anthropic has reportedly forecast revenues of more than $850 million next year. That’s according to a report Tuesday (Dec. 26) by The Information, citing...

READ MORE >
Companies Build In-House AI Models for Specific Tasks
Companies Build In-House AI Models for Specific Tasks
December 26, 2023  |  artificial intelligence

Despite OpenAI’s popularity, businesses are reportedly turning to smaller artificial intelligence (AI) models that fit their needs. A report Tuesday (Dec. 26) by Quartz examines this...

READ MORE >
Menlo Ventures Raises $1.35 Billion for Fledgling AI Firms
Menlo Ventures Raises $1.35 Billion for Fledgling AI Firms
November 16, 2023  |  Investments

Menlo Ventures has raised $1.35 billion to invest in artificial intelligence (AI) ventures. The new capital will be split between early-stage fund Menlo XVI and early...

READ MORE >
Report: Google Weighs Further Investment in Character.AI
Report: Google Weighs Further Investment in Character.AI
November 12, 2023  |  artificial intelligence

Google could reportedly bolster its partnership with Character.AI via a significant investment. The tech giant is in discussions to inject hundreds of millions into the artificial intelligence (AI) startup to...

READ MORE >