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Crusoe reportedly raises $3B at a $30B valuation
The round came together after the data center developer reportedly secured a $13 billion contract with Jane Street.
Funding News
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Nvidia confirms it will buy Hugging Face for $12.9 billion
Nvidia said Hugging Face hosts over 3 million models and is used by over 18 million developers.
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Nvidia’s Hugging Face Acquisition Is a $12.9 Billion Bet on Open-Source AI
The long-rumored deal will give the chip giant access to—and help it promote—a huge repository of open-source AI models and data sets.
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Wonderful more than doubles its valuation to $5B in under 6 months
Wonderful said it will use its $550 million Series C funding to develop products faster, expand its FDE teams, and meet demand for its products.
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Gradium AI Releases New Default TTS Model: 81.0% Hard-Case Pass Rate at 216 ms Time-to-First-Audio
Speed and accuracy usually pull against each other in text-to-speech. Gradium AI's new default model reports both: an 81.0% human-rated pass rate on 500 hard sentences across five languages, at 216 ms P50 time-to-first-audio on Coval. The evaluation set is open on Hugging Face under CC BY 4.0. The...
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Keenable AI Open-Sources NEEDLE: A Live Search Benchmark That Rebuilds Its Query Set Every Hour
How do you benchmark a web search API when the thing being tested can read the answer key? A search agent has a fetch tool. If the gold labels sit in a public dataset, the agent can download them mid-evaluation and skip retrieval entirely. A similar problem arises when the answers are already...
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Nvidia’s $3.5B MediaTek bet reveals its plan for tackling Big Tech’s AI chip buildout
Nvidia invests $3.5 billion into Taiwanese chipmaker MediaTek. The deal shows how Nvidia plans to stay essential to AI infrastructure as Big Tech begins to build its own AI chips.
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“We’re not doing 30 bets a year”: Vijay Pande on betting small after running $4 billion at a16z
Vijay Pande — who left a16z's roughly $4 billion biotech practice last year to start the much smaller, AI-native VZVC — talks about why biology is finally shifting from a "discovery" science to an "engineering" one, why clinical trials are still brutally expensive, and why he thinks open, shared...
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Neocloud Lambda secures $1B in debt to buy more chips
Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It's the latest in a string of loans, underscoring the high cost of the AI boom.
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Piloting the world's first double-blind AI evaluations
Piloting the world's first double-blind AI evaluations
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Nvidia closes in on Hugging Face acquisition
Nvidia has reportedly agreed to buy Hugging Face, the popular open-source AI hub, for $12.9 billion in a move that would let Nvidia both protect its chip empire and jump back into the cloud business.
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Amazon just tripled its order of Nvidia chips over ‘surging demand’
Amazon is adding another 2 million Nvidia GPU chips to its data centers over the next two years. But this extended partnerships stretches beyond buying more chips.
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Nvidia is about to be a hundred-billion-dollar-a-quarter company
Nvidia's predicting it will pull in $108 billion in revenue within just a few months. It wouldn't be the first company to rake in over $100 billion in quarterly revenue - Amazon, Apple, and Alphabet have repeatedly reached the milestone. Nvidia said in its latest earnings report that it brought in...
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Arga Labs is building a better way to train enterprise AI agents
Arga has raised $10 million in a seed funding round that was led by General Catalyst, with participation from Box Group, Emergence, Gradient and SV Angel.
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Raised on AI
When my oldest child was born, I immediately set up Gmail and Twitter accounts in her name. I broadly announced her birth online and proceeded to plaster her photo across all sorts of platforms. In short, I began creating her digital footprint long before she could stand on her own two feet....
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Quoting Paul Dix
The fact that AI wrote 1M LOC and then refined it over the course of the next couple of months to produce a reliable piece of software that is currently running on millions of developer machines is absolutely mind blowing. And you can say, “well it’s not that impressive because they had an oracle...
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India’s Ringg gets backing from Peak XV as it pushes voice AI past the phone call
Ringg has raised $10 million from Peak XV as a part of its Series A extension.
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Stability AI, maker of image generator Stable Diffusion, raises $76 million in fresh funding
The company's new fundraising total now stands at $232 million.
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Accel-backed Keenable is indexing the web for AI agents
Now exiting stealth mode with a $26 million seed round, Keenable has been building a vast web search index for AI agents.
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McKinsey says enterprise AI is finally 'on the road to ROI'
Fasten your seatbelt and empty that bladder: AI investment is rising, but reported enterprise earnings impact remains stubbornly flat
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