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Funding

AI news about funding rounds, valuations, acquisitions and IPOs.

3 stories in the last 24 hours

Today

1 story
  1. Worth knowing OpenAI

    OpenAI to acquire Pierre Computer Company, Inc.

    This acquisition signals OpenAI's continued investment in strengthening its AI-driven software engineering and code review tools.

    OpenAI has announced plans to acquire Pierre Computer Company, Inc. The acquisition aims to expand Codex's capabilities for building, understanding, and reviewing code.

    1 source

Yesterday

2 stories
  1. Must read TechCrunch

    AI inference startup Fal doubles its valuation to $16B as demand surges

    This massive funding round highlights the booming market and capital requirements for AI inference infrastructure as businesses scale their deployment of open-source generative media models.

    AI inference startup Fal raised $1.3 billion in a Series F round led by Bessemer Venture Partners, doubling its valuation to $16 billion since April. The company, which hosts video, image, and audio models, surpassed $800 million in annualized revenue earlier this year amid surging demand for running open-source models.

    1 source
  2. Worth knowing Hacker News

    US tech giants' hidden AI debt swells 90% to $3.2T in 6 months

    The rapid growth of off-balance-sheet commitments highlights the massive financial scale and potential balance-sheet risks of the ongoing AI infrastructure buildout.

    U.S. tech giants including Google and Meta have seen their off-balance-sheet AI-related obligations grow by 90% in six months to approximately $3.2 trillion. These commitments for AI infrastructure now reach 80% of the companies' assets, raising concerns among investors over the scale of ongoing spending.

    1 source

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