This week, we received an update on AI funding, along with a crucial warning: Certain classes and levels have shown signs of overheating. Fortunately, we also discovered some innovative startups.
Despite its startup status, OpenAI’s consistent performance earns it a prominent ranking here. Fascinating stories have captivated us this week, including several intriguing narratives.
OpenAI has secured funding at a $157 billion post-money valuation, in addition to launching . Corporate officials have specifically asked buyers to refrain from acquiring rival companies like Anthropic and xAI; nonetheless, OpenAI has yet to respond to this request. Anthropic operates independently at this juncture.
Y Combinator’s CEO has apologised for replicating an open-source project backed by the company without proper credit and employing a flawed licence.
Whatnot, a leading livestream procurement app, has announced its impressive annual gross merchandise value (GMV), signaling a beacon of hope for the live commerce industry in the United States.
Many companies seek to increase their funding without drawing attention to themselves, while some clandestine entities operate entirely in secrecy.
Poolside, an AI coding startup, has secured funding led by Bain Capital Ventures, with notable participants including eBay and Nvidia. Poolside was able to stockpile 10,000 Nvidia graphics processing units (GPUs) online, according to CEO Jason Warner, who noted that this strategic move enabled the company to develop and train advanced AI models for future applications.
Submer, a Barcelona-based pioneer in immersion cooling technology, aims to expand its reach beyond its existing clientele of hyperscalers, telecommunications companies, and other industry leaders.
The 11x.ai startup has secured a round of funding worth approximately $50 million, led by the prominent venture capital firm Andreessen Horowitz, as revealed by TechCrunch.
Notably, the startup has already achieved a $750 million post-money valuation, a significant milestone following three successful funding rounds, including a $77 million Collection B.
Collection, a generative artificial intelligence game-development platform, has quietly secured $32 million in funding from a coalition of notable investors including Netflix, Dell, and Andreessen Horowitz.
CRV has decided to liquidate its entire $500 million late-stage investment fund to investors, citing concerns about the overvaluation of mature startups in the market. As a result of this analogous transfer by India’s Peak XV, the terrain showed signs of overheating amidst clear indications.
Ali Rowghani, former managing director at Y Combinator and head of Twitter’s government group, launches a new venture capital firm, aiming to raise $250 million for its inaugural fund.
Index Ventures is poised to expand its team, aiming to hire three to four new members for its core group within the next 12 months, according to partner Shardul Shah in an interview with TechCrunch.
Prior to this year’s Startup Battlefield 200 at TechCrunch Disrupt in New York, tech investor and seasoned entrepreneur Kevin Ryan spoke with Matt Rosoff, international managing editor of TechCrunch? He was convinced that more people should.
