French AI company Mistral AI has raised $830 million in debt financing to support the construction of a new data center near Paris, as it accelerates investment in artificial intelligence infrastructure. The facility, located in Bruyères-le-Châtel, is expected to be powered by Nvidia chips and is scheduled to become operational in the second quarter of […]
Elon Musk’s AI company xAI has seen the departure of its remaining co-founders, marking a complete turnover of the original founding team. According to reports, Manuel Kroiss and Ross Nordeen have now exited the company, following earlier departures that had already reduced the founding group significantly. Kroiss, who led pretraining efforts, and Nordeen, a close […]
Trip Venturella released Mr. Chatterbox, a language model trained entirely on out-of-copyright text from the British Library. Here’s how he describes it in the model card:
Mr. Chatterbox is a language model trained entirely from scratch on a corp…
Anthropic is experiencing a sharp rise in consumer adoption of its AI products, driven by increased visibility and growing demand for its Claude platform. Analysis of anonymized transaction data from millions of U.S. consumers indicates that paid subscriptions to Claude have surged, with the company confirming that subscriptions have more than doubled this year. The […]
OpenAI is undergoing a significant strategic realignment as SoftBank deepens its financial commitment and the company refocuses its product priorities. SoftBank has secured a $40 billion short-term loan, led by JPMorgan Chase and Goldman Sachs alongside Japanese banks, to support its $30 billion investment in OpenAI’s recent $110 billion funding round. The unsecured, 12-month structure […]
Shield AI has announced a $2 billion Series G funding round, valuing the company at $12.7 billion, as it expands its artificial intelligence-driven defense software amid rising demand for autonomous systems. The round was led by Advent International and co-led by JPMorganChase’s Strategic Investment Group, with participation from Snowpoint Ventures and Riot Ventures, while Blackstone-managed […]
Insider Brief PRESS RELEASE — Blossom Health, the leading all-in-one AI operating system for psychiatry, announced $20M in funding across a Series A and Seed round. Headline led the Series A with Mathias Schilling, Co-Founder and Managing Partner of Headline, joining the board. Returning investors Village Global and TA Ventures also participated in the Series A alongside […]
Cloud-sandboxed autonomy, zero-retention guarantees, SOC 2 compliance, VPC deployments, and the Windsurf acquisition that redrew the…Continue reading on Towards AI »
Granola has secured $125 million in Series C funding led by Index Ventures, with participation from Kleiner Perkins and existing investors including Lightspeed, Spark, and NFDG, bringing its valuation to $1.5 billion. The company has now raised a total of $192 million as it accelerates its expansion into enterprise AI workflows. Originally focused on transcription […]
Insider Brief Physical Intelligence, a San Francisco robotics startup founded two years ago, is in talks to raise about $1 billion at a valuation above $11 billion, roughly doubling its $5.6 billion valuation from four months ago, according to Bloomberg. The round is expected to include Founders Fund, with Lightspeed Venture Partners in discussions to […]