Start-Up

Meta Invests $14.3bn In AI Firm Scale, Poaches CEO

Meta makes huge investment in AI startup Scale AI, whose founder and CEO Alexandr Wang is to join Meta's team…

1 day ago

OpenAI Annual Revenues Double To $10bn

OpenAI says its annual recurring revenues reach $10bn, nearly double the $5.5bn it made last year, as AI race intensifies

4 days ago

Sam Altman’s World Network Brings Iris-Scanning ‘Orb’ To UK

World Network, co-founded by OpenAI's Sam Altman, brings iris-scanning Orb devices to dedicated stores in UK cities amidst privacy concern

4 days ago

Meta ‘In Talks’ For $10bn Scale AI Investment

Meta reportedly in talks to potentially invest more than $10bn in start-up Scale AI as artificial intelligence competition heats up

4 days ago

Stablecoin Company Circle Internet Surges After IPO

Circle Internet Group sees shares more than quadruple after IPO as crypto moves toward regulation and increased mainstream acceptance

5 days ago

Anthropic ‘Reaches $3bn’ AI Revenue Rate, Spurred By Business

AI start-up Anthropic reportedly sees annualised revenue rate reach around $3bn, tripling since December on strong business demand

2 weeks ago

Builder.ai Collapsed After Finding Sales ‘Inflated By 300 Percent’

Microsoft-backed start-up Builder.ai went into administration after a probe found potentially fraudulent sales to suspicious resellers

3 weeks ago

AI Start-Up Perplexity ‘Raising $500m’ On $14bn Valuation

Nvidia-backed AI start-up Perplexity reportedly in advanced talks for $500m funding round valuing it at $14bn as it challenges Google

1 month ago

OpenAI, Microsoft ‘Renegotiating’ Deal Around Future IPO

OpenAI, Microsoft reportedly reworking agreements worth more than $13bn as OpenAI seeks future IPO and Microsoft seeks ongoing tech access

1 month ago

CoreWeave ‘Seeking $1.5bn In Debt’ After IPO Disappointment

AI data centre provider CoreWeave reportedly seeks around $1.5bn as it looks to refinance its debt burden, after underwhelming IPO

1 month ago

Anthropic Says DOJ Plan Would Harm AI Investment

DOJ plan to monitor Google's AI investments would stymie deals with smaller firms, says AI start-up and Google partner Anthropic

1 month ago

OpenAI Releases GPT-4.1 With Improved Coding

OpenAI says GPT-4.1 model family can understand prompts with up to 1 million tokens, features improved coding over GPT-4o

2 months ago

EV Maker Lucid Buys Plant From Bankrupt Nikola

Luxury electric vehicle maker Lucid Motors buys Arizona factory, former headquarters of bankrupt Nikola, offers jobs to 300 staff

2 months ago

Ex-Cruise Chief Vogt Raises $150m For Robotics Start-Up

Former Cruise chief executive Kyle Vogt reportedly raises $150m for The Bot Company at $2bn valuation, as investors rush to…

3 months ago

At DeepSeek, Liberal Arts Graduates Give AI Human Touch

Chinese AI start-up DeepSeek uses team of 'data omniscients' to curate training data as general knowledge, emotional nuance become key

3 months ago

South Korea Suspends DeepSeek From App Stores

South Korean data authority suspends Chinese AI start-up DeepSeek from Apple, Google app stores while it addresses privacy issues

4 months ago

European Start-Ups Adopt DeepSeek To Cut Costs

European start-up executives say DeepSeek could make AI more accessible with services at fraction of cost of OpenAI

4 months ago

Sensitive DeepSeek Data Exposed Online

Cloud security firm Wiz finds sensitive data from AI start-up DeepSeek exposed online, after chatbot emerges into spotlight

5 months ago

OpenAI’s Altman Promises ‘Much Better’ Models After DeepSeek Reveal

OpenAI chief executive Sam Altman promises 'much better' AI models, fast-track release schedule after DeepSeek rattles markets

5 months ago

DeepSeek Goes Quiet For Lunar New Year After AI Shock

Chinese AI start-up DeepSeek goes into quiet mode for week-long Lunar New Year holiday after shock popularity roils world tech…

5 months ago

Low-Cost Chinese AI Chatbot Roils Tech Stocks

AI chatbot from Chinese start-up DeepSeek jumps to top of iOS free downloads in US, shaving billions off tech stocks…

5 months ago

Run:ai To Open Source Software As Nvidia Completes $700m Buy

Israeli start-up Run:ai to open source GPU management software as Nvidia completes $700m buyout, following antitrust scrutiny

6 months ago

OpenAI Gives Details On For-Profit Shift

OpenAI to create public benefit corporation in Delaware in effort to put it on even footing with competitors, attract investors

6 months ago

AI Start-Up Basis Raises $34m For Accountancy Agent

Start-up Basis raises $34m in Series A funding round for AI-powered accountancy agent to make up for shortfall in human…

6 months ago

Former OpenAI Researcher Raises $40m For AI Voice Start-Up

Former co-developer of voice mode for OpenAI's ChatGPT launches WaveForms AI to make AI voice interactions feel more intuitive

6 months ago

OpenAI Seeks To Remove Commercial ‘AGI’ Constraint

ChatGPT developer OpenAI reportedly discussing removal of provision that blocks Microsoft from accessing super-intelligent AI

6 months ago

Germany Shoulders €600 Million Of Northvolt Debt

Lender KfW is to be reimbursed by the German government more than €600 million ($629 million) of Northvolt debt

6 months ago

Amazon To Pump Another $4bn Into AI Start-Up Anthropic

Amazon to invest a further $4bn into AI start-up Anthropic, doubling its investment as it vies against stiff competition

7 months ago

Perplexity Adds Shopping Features To AI Search

Perplexity adds shopping features to generative AI-powered search as it faces more direct competition from OpenAI's ChatGPT

7 months ago

Battery Maker Northvolt Misses Production Targets

Northvolt has reportedly missed internal EV battery production targets since September, reduces production at main plant

7 months ago