Anthropic has reportedly raised around $1 billion from Google as the AI company looks to deliver a number of major product updates this year. First reported by the Financial Times, Google’s fresh investment brings the tech giant’s total stake in Anthropic to around $3 billion. Google poured $2 billion into Anthropic late last year. Anthropic, […]
Anthropic reportedly secures an additional $1B from Google Read More »
As enterprises look at how they can best leverage AI to increase their employees’ productivity, search is an obvious use case. In most companies, after all, data lives in multiple disconnected silos and the combination of large language models, retrieval augmented generation (RAG) and enterprise-grade integration services now makes it easier than ever to not
Businesses dependent on the physical supply chain — the network of facilities and transportation systems used to move materials from one location to another — chain face a number of challenges, from staff shortages to increasing customer expectations. The pressures aren’t easing up. According to a survey from Prologis, a real estate investment trust, two-thirds
Developers Max Brodeur-Urbas and Rahul Behal think that AI has the potential to automate lots of business-relevant tasks, but that many of the AI-powered automation tools on the market today are unreliable and costly. Part of the problem is that users expect too much of AI, Brodeur-Urbas told TechCrunch — for instance, they assume that
OpenAI rival Anthropic is in talks to raise $2 billion in new capital in a funding round led by Lightspeed Venture Partners, according to The Wall Street Journal. The round, which The Journal reports would value Anthropic at $60 billion, would bring Anthropic’s total raised to $15.7 billion, going by Crunchbase’s data. It would also
Anthropic reportedly in talks to raise $2B at $60B valuation, led by Lightspeed Read More »
In 2007, Jesse Burgess joined his family’s payroll business. He quickly noticed that the business’ six payroll clerks were getting bogged down by repetitive, monotonous tasks — and so he sought to streamline those tasks by creating workflow automation tools. Several years later, Burgess sensed an opportunity to bring the tools he developed for his
HR software startup OnPay was inspired by the founder’s family payroll business Read More »
If there was any doubt, the generative AI bubble didn’t burst in 2024. Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for TechCrunch, generative AI companies worldwide
Generative AI funding reached new heights in 2024 Read More »
Updated December 25, 12:21 p.m. Pacific: Added details of xAI’s valuation and Kingdom Holdings’ contribution. xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia,
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions Read More »
xAI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing (97 participated, but the document doesn’t reveal their identities). xAI later announced (confirming some earlier reporting) that Andreessen Horowitz , Blackrock, Fidelity, Kingdom Holdings,
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions Read More »
AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion. Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners, and that it closed earlier in December. In an email to TechCrunch, a Perplexity spokesperson declined to comment. The mammoth tranche comes as
Perplexity has reportedly closed a $500M funding round Read More »
