Saudi Arabia plans a $40B AI investment, potentially becoming the industry’s largest investor, with talks of a partnership with a16z. According to reports, in recent weeks, representatives of Saudi Arabia’s Public Investment Fund (PIF) have talked about a possible collaboration
AI startups hit a new high, raising $5.7B in Q1 2024, a 40% increase from last year, signaling a strong interest from venture capital in AI innovation. After a successful $25.5 billion fundraising campaign the year before, venture capital investors
Chinese e-commerce giant Alibaba Group has led a $1 billion funding round for AI startup Moonshot AI to boost generative AI in China. This becomes the latest in a string of sizeable investments by the group. As tech giants the
Microsoft, along with other tech giants such as Google and Amazon, has emerged as a leading force in funding AI startups in 2023, marking a notable change in the AI sector. According to PitchBook data, these companies have played a
File hosting services provider Dropbox has launched a $50 million venture fund for AI-focused startups, joining a host of companies that are investing in budding enterprises within the AI industry. This follows the ballooning of the generative AI sector, which
As the race to invest in AI development continues, IT consulting firm Accenture has joined the bandwagon with a $3 billion investment into its AI and data divisions over three years. This comes months after the company laid off 19
Venture capital firms are heavily investing in artificial intelligence (AI) projects, and the industry might witness a record increase in the current year given the success of generative AI so far. According to a Pitchbook report, VC funding in the
ABOUT US
and then