Funding

Artificial intelligence funding encompasses the venture capital, corporate investments and financial transactions that sustain the development of AI companies and infrastructure. Truncated covers capital raises, investment rounds, venture activity and financing trends across the sector.

Monday 9 November

SoftBank faces questions on AI strategy ahead of earnings after selloff

AI-generated summary SoftBank Group faces investor scrutiny regarding its artificial intelligence strategy ahead of its quarterly earnings report on Tuesday following a recent selloff in artificial intelligence stocks. The Japanese group completed a thirty billion dollar investment in OpenAI in October and holds a stake of about thirteen percent in the ChatGPT maker.

Also covered by CNBC Nikkei Asia AIStockWire
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Sunday 8 November

Anthropic reportedly strikes $3.4 billion deal for gas-fired power at data centres By Investing.com

AI-generated summary Investing.com reports that Anthropic has secured a $3.4 billion agreement for gas-fired generators to power its data centres. The Financial Times reported that the transaction involves 1.7 gigawatts of heavy-duty generators from OnePWR Solutions.

Also covered by Financial Times Bloomberg TNW | Sustainability
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Saturday 7 November

Anthropic IPO meets AI backlash after midterms show stinging rebuke of data centers

AI-generated summary As Anthropic prepares for a potential Nasdaq debut targeting a valuation of 1 trillion to 1.5 trillion dollars, the artificial intelligence company faces public backlash following midterm elections where voters expressed deep mistrust of artificial intelligence and tech billionaires. Voters across the country strongly rejected local data center projects and swept candidates supporting stringent artificial intelligence regulation into office, creating a tougher environment for market debuts amid broader market declines.

Also covered by Bloomberg

Friday 6 November

OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Value

AI-generated summary OpenAI has closed an eleven billion dollar portion of a funding round that values the company at one point two five trillion dollars. The remaining portion of the funding round could increase the total to as much as twenty billion dollars in the coming weeks according to people familiar with the matter.

Also covered by Investing.com Unite.AI The Decoder
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