Cohere, an AI startup, secures $500 million in funding, valuing it at $6.8 billion, as it appoints Joelle Pineau as Chief AI Officer and plans to advance agentic AI for businesses and governments.
Cohere, an AI startup, secures $500M funding at $6.8B valuation, onboards Joelle Pineau as Chief AI Officer and Francois Chadwick as Chief Financial Officer, partners with Oracle, Dell, RBC, and launches North, an agentic AI platform, propelling enterprise AI adoption.
xAI Co-founder Igor Babuschkin exits Elon Musk's AI startup amid controversy over its chatbot Grok making offensive remarks, departing to launch his own venture capital firm focused on AI safety.
OpenAI co-founder Sam Altman's brain-computer interface startup Merge Labs raises $850 million, reportedly drawing interest from OpenAI as a potential Neuralink rival in the race to merge humans with AI.
Profound, a startup aiming to optimize brand visibility in AI search, secures $35 million in Series B funding led by Sequoia, positioning itself as a pioneer in addressing post-SEO challenges as AI chatbots reshape the search landscape, offering solutions to monitor and optimize content for AI models.
AI startups generate unprecedented wealth, minting dozens of new billionaires as record funding rounds propel company valuations to stratospheric heights, solidifying Silicon Valley's dominance in the AI revolution.
In a frenzy reminiscent of the dot-com bubble, AI mania propels tech valuations to dizzying heights, with price-to-earnings ratios of S&P 500's largest companies surpassing 1999 peaks, prompting analysts to caution against 'frothy' market sentiment and potential pullback in AI stocks.
AI startups dominate venture capital as just 10 companies capture 41% of all VC investment in 2025, with OpenAI leading a $81 billion funding surge that experts warn creates dangerous market concentration and potential bubble conditions.
SoftBank acquires Foxconn's Ohio plant to produce AI servers for its Stargate data center project, a collaboration with OpenAI and Oracle, shifting the factory's original plan for electric vehicle manufacturing.
SoftBank's quarterly profits soar on AI investments like Nvidia and startups, while offloading T-Mobile stakes and delaying its $500 billion Stargate AI project with OpenAI due to market volatility.