Dhana Segaran on LinkedIn: Ex-Microsoft engineer’s AI video startup scores $60M from top VCs, Jared… (2024)

xAI, the team behind X's Grok AI chatbot and related projects within Elon Musk's business network, has secured nearly $6 billion in additional funding. This funding comes from sources like Lightspeed Venture Partners, Andreessen Horowitz, Sequoia Capital, and Tribe Capital. With this new funding, xAI is now valued at about $18 billion. Musk aims to use this financial boost to compete with leading AI companies like OpenAI, Anthropic, and Google. He argues that xAI can leverage its connections with his other companies for technology, data, and early revenue opportunities, helping it to catch up with its competitors.READ MORE: https://lnkd.in/ejkVpN84

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https://lnkd.in/diaUQ2mnThis is a very cool AI hub, connecting startups, GPT plugins & users etc. More than an AI repository---> They are all about the Innovation for a smart AI community. #AIstartUps#OpenWorldAI#AIStartups All praise & thanks for this link Bradley Janse van Rensburg ( my "Bootcamp AI Teacher" who runs insightful AI Bootcamps for all levels) Check his page out for more info re taking his course Learn AISimon Good

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With the amount of capital flowing to startups working with and building AI today, it's critical that we understand the market as we best we can.

Glad to be quoted in this PitchBook article by Leah Hodgson on the opportunities and challenges in applying generative AI to vertical software.At Pender Ventures, we are very interested in this area and eager to learn more. I'm working on a longer post on the topic, so if you have any recommendations for companies to research or great articles to read, please drop a note in the comments. And of course, if you're a Canadian startup building in this area, we'd love to chat. #verticalsaas #genai #venturecapital https://lnkd.in/eACsbTm2?

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Get CRV general partner Murat Bicer's take on AI ambition, startups, big tech and the impact on the VC landscape all rolled into this fantastic piece by PitchBook's Jacob Robbins.#AI #artificialintelligence #VC #investing #venturecapital

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Tribe AI just raised our first external round of capital from Bryce Roberts at Indie, with significant participation from our customers, partners and network of top AI engineers. We’re excited to share this milestone in TechCrunch (thanks Rebecca Szkutak for sharing our story!) along with some long overdue updates: 💲 Raised $3.25M to keep up with demand and build the platform to enable service delivery at a tremendous scale🚀 8 figure revenue run rate, more than doubling year over year (and accelerating)🏛 Enterprise customers from the Fortune 20🧠 500 top AI engineers from places like Google, Tesla, Meta and OpenAI As a refresher, Tribe is an AI-native services company that helps Enterprises build best in class AI products. Our team is augmented by a talent network of over 500 top AI engineers from places like Google, Tesla, Meta and OpenAI who bring both industry and deep technical specialization to our project deployments. These are the people who have built the infrastructure that is powering the AI wave and know it better than anyone. After bootstrapping Tribe AI since 2019, we decided to raise this capital because the market opportunity was simply too big. Even as we were reinvesting our profits back into the business, we still saw more demand than our capacity could support. We’re grateful to have met Bryce and have him believe in us and the opportunity we saw. We’re also extremely proud to have the major stakeholders in our business (our customers, partners and network of top AI engineers) invest in the round as well. We’re on a mission to help Enterprises realize the value of AI for their business, and we’re building a category defining AI company in the process.Read all about it 👇 https://lnkd.in/dYRDQDjp

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Generative artificial intelligence is taking the startup world by storm, and corporate venture capital investors are keen to join the wave. With the rise of AI startups, many companies' venture arms are initiating efforts to invest in this growing field. Generative AI and large language models are at the center of attention due to their potential to automate various business tasks.#venture #innovation #startup

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Going vertical might be one of the many ways startups can compete against big tech. Check out my co-worker Murat Bicer's take in this article by PitchBook's AI and VC beat reporter, Jacob Robbins.#enterprisetech #startup #entrepreneur #funding #tech

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Bam! Scale AI secures $1B funding at a $14B valuation! Scale AI had raised $1 billion in a late-stage funding round led by venture capital firm Accel with participation from tech giants Nvidia, Amazon, and Meta, valuing the AI data startup at nearly $14 billion.Here we go!

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