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The 10 Biggest Rounds Of May: xAI And CoreWeave Lead Big Month For AI

Crunchbase News

xAI , $6B, artificial intelligence: Elon Musk ’s generative AI startup, xAI , officially announced its long-awaited fundraise — making it the second-most-valuable generative AI company in the world behind only competitor OpenAI. Musk’s company was announced just last July and released its ChatGPT competitor, Grok, last November.

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Will enterprises soon keep their best gen AI use cases under wraps?

CIO

They had ChatGPT write the script, and other gen AI tools to create a digital person who reads the script, a scalable process with at least one measurable benefit: speed. Gen AI helps scientists develop new proteins Another interesting set of use cases can be found, for the time being, in biotech.

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The Biggest Of The Big: AI Startups Raised Huge — These Were The Largest Deals Of 2023

Crunchbase News

Artificial intelligence was big in 2023 — and that could be the understatement of the year. The ChatGPT rival inked a deal with Amazon for the e-commerce and cloud titan to invest up to $4 billion in the AI startup. The round was led by Innovation Park Artificial Intelligence , Bosch Ventures and the companies of Schwarz Group.

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Tech’s latest controversy? The return of the five-day, in-person work week

TechCrunch

In the rest of this newsletter, we’ll talk about opinionated AI and open source — as well as staff gift guides. Artificial intelligence is having (another) moment — which means scrappy innovation is getting some deserved, if not buzzy, attention. 6 investors discuss why AI is more than just a buzzword in biotech.

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The Emergence

Crafty CTO

One of my go-to AI trackers / prototypers is Simon Willison , creator of the Datasette open source project. Willison is prolific, to no small degree, because he’s skilled at applying tools like ChatGPT.) For example, I recently talked with the CEO of a biotech investment fund. Use AI yourself.