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- 🚀 Big Moves in AI and Startup Funding This Week
🚀 Big Moves in AI and Startup Funding This Week
🚀 AI Box Hits 400+ Investors
Jaeden Schafer
October 14, 2024
Welcome to AI Box, your weekly source for the latest developments in AI technology and applications.
Today's AI News lineup: 🥊
💰 OpenAI Secures $6.5 Billion and Expands AI Dominance
🚀 Poolside Raises $500 Million to Scale AI Training
📈 Whatnot Hits $2 Billion GMV, Leading U.S. Livestream Shopping Growth
💰 OpenAI Secures $6.5 Billion and Expands AI Dominance
OpenAI raised a massive $6.5 billion at a $157 billion post-money valuation, securing a $4 billion revolving line of credit and launching a new interface to enhance user interaction. Interestingly, the company reportedly urged investors not to back rivals like Anthropic and xAI, though this has yet to be confirmed. Meanwhile, Anthropic made a significant move by hiring OpenAI co-founder Durk Kingma in a remote role, intensifying competition in the AI space.
JUST IN: OpenAI has completed its latest funding round, raising over $6.5 billion
It gives the company a valuation of $150 billion, making it the third-largest startup in the world
The deal is the largest VC round of all-time
— Morning Brew ☕️ (@MorningBrew)
4:43 PM • Oct 2, 2024
🚀 Poolside Raises $500 Million to Scale AI Training
AI coding startup Poolside secured an impressive $500 million Series B, led by Bain Capital Ventures with eBay and Nvidia participating. This funding will enable the startup to bring 10,000 Nvidia GPUs online to train advanced AI models. Poolside aims to use the new capital to scale its AI capabilities and meet growing market demand. The investment highlights increasing confidence in AI infrastructure expansion
1/5
🤖 The French-American unicorn, @poolsideai, raised $500 million to enhance generative AI, helps developers create personalized content and boost customer engagement.#generativeAI
— Viva Technology (@VivaTech)
11:41 AM • Oct 11, 2024
📈 Whatnot Hits $2 Billion GMV, Leading U.S. Livestream Shopping Growth
Livestream shopping app Whatnot reported that its annual gross merchandise volume (GMV) surpassed $2 billion in 2024. This achievement demonstrates strong growth in the U.S. live commerce market, where platforms like Whatnot are starting to gain significant traction. Livestream shopping is still evolving in the U.S., but Whatnot's success shows that the sector is ripe for further expansion. This marks a promising future for live shopping in the digital retail space.
.@Whatnot starts Q4 off with a bang, releasing their first State Of Livestream Selling Report & revealing over $2 Billion in sales made through the platform so far in 2024.
#ecommerce#livecommerce#livestreaming
— Liz Morton ~ Value Added Resource (@ValueAddedRS)
12:23 PM • Oct 3, 2024
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