Krystal Hu

SandboxAQ said on Wednesday it has raised more than $300 million in funding, valuing the startup spun off from Alphabet at $5.6 billion, as it aims to fast-track the development of advanced artificial intelligence systems for computation.

OpenAI's Chief Financial Officer Sarah Friar played down on Tuesday public threats to the ChatGPT maker from Elon Musk, one of President-elect Donald Trump’s closest advisors.

Canadian AI startup Cohere, last valued at $5.5 billion, will focus on building tailored models for enterprise users over larger foundation models, the company told Reuters.

AI cloud startup CoreWeave said on Wednesday it has closed a $650 million minority investment led by Jane Street, Magnetar, Fidelity Management and Macquarie Capital, as investors look to capitalize on the generative AI boom.

Mira Murati, former chief technology officer at OpenAI, is raising funds from venture capitalists for her new AI startup, according to sources familiar with the matter.

Lightmatter, a Mountain View, California-headquartered startup building photonic tech in datacenter networking chips, said on Wednesday it has raised $400 million in a Series D funding round at a valuation of $4.4 billion.

Suki, a startup that offers to build artificial intelligence (AI) assistants in healthcare, has raised $70 million in a Series D round, the company told Reuters, as investors place bets on the adoption of generative AI-powered applications in the sector.

OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world.

Resolve AI, a startup aiming to automate software operations, has raised $35 million in seed funding from investors led by Greylock, as the latest entrants to the space of developing AI-powered tools for software engineers.

Menlo Security's annual recurring revenue (ARR) has exceeded $100 million, rising by about 30% from the prior year, CEO Amir Ben-Efraim said in an interview, and expects to be cash flow positive by 2025.