Maria Deutscher
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AI coding startup Lovable raises $330M round backed by Nvidia, other tech heavyweights
Lovable Labs Inc., the creator of a popular artificial intelligence tool for building websites and applications, today announced that it has raised $330 million in funding. Alphabet Inc.’s CapitalG fund and Menlo Ventures jointly led the Series B round. They were joined by the venture capital arms of Nvidia Corp., Salesforce Inc., HubSpot Inc., Atlassian ...
Compute-in-memory chip startup Mythic raises $125M round
Chip startup Mythic Inc. today announced that it has closed a $125 million funding round led by DCVC. The venture capital firm was joined by NEA, Softbank KR, Honda Motor Co. and a long list of other backers. The investment brings Mythic’s total outside funding to more than $175 million. Standard processors represent information as a ...
Waymo reportedly seeking to raise $15B+ at $110B valuation
Waymo LLC is reportedly in talks to raise a funding round that could more than double its valuation to $110 billion. CNBC late Tuesday cited sources as saying that the autonomous vehicle maker is seeking at least $15 billion in new financing. The investment is expected to be led by Alphabet Inc., Waymo’s parent company. ...
OpenAI reportedly could raise $10B+ in funding from Amazon
OpenAI Group PBC is in talks to raise at least $10 billion from Amazon.com Inc., The Information reported late Tuesday. The retail and cloud giant is no stranger to investing in large language model startups. It’s the biggest backer of Anthropic PBC, OpenAI’s top rival. A few weeks ago, Amazon Web Services Inc. opened a ...
OpenAI launches new GPT Image 1.5 model optimized for image editing
OpenAI Group PBC today launched GPT Image 1.5, a new artificial intelligence model optimized for image generation tasks. The algorithm is rolling out a few weeks after Google LLC introduced a new image generator of its own. Nano Banana Pro, as the model is called, is better than its predecessors at rendering text and implementing instructions ...
Red Hat acquires AI security startup Chatterbox Labs
IBM Corp.’s Red Hat unit today announced that it has acquired Chatterbox Labs Inc., a low-profile developer of artificial intelligence security tools, for an undisclosed amount. Over the past two years, Red Hat has adapted several of its core products to run AI workloads. Its flagship Linux distribution is available in a version that features ...
Databricks raises $4B+ at $134B valuation to build new AI features
Four months after its last funding round, Databricks Inc. today announced that it has closed an extremely late-stage investment worth more than $4 billion. The Series L round was jointly led by Insight Partners, Fidelity Management & Research and J.P. Morgan. They were joined by more than a dozen other backers, including Robinhood Markets Inc.’s ...
Nvidia acquires Slurm developer SchedMD to enhance its software capabilities
Nvidia Corp. has acquired SchedMD LLC, a low-profile company that maintains one of the most important open-source tools in the machine learning ecosystem. The chipmaker announced the deal today. The financial terms were not disclosed. SchedMD was founded in 2010 by the developers of Slurm, an open-source platform for managing server clusters. The company provides ...
AI medical research startup Chai Discovery raises $130M in funding
Chai Discovery Inc., a startup using artificial intelligence to accelerate drug development, today announced that it has closed a $130 million funding round led by Oak HC/FT and General Catalyst. The two investment firms were joined by more than a half dozen other backers. The consortium included OpenAI Group PBC and Thrive Capital, one of ...
Audio generation startup Mirelo nabs $41M investment
Mirelo AI GmbH, a Germany-based developer of audio generation models, today announced that it has raised $41 million in funding. Index Ventures and Andreessen Horowitz led the seed investment. They were joined by Atlantic.vc and TriplePoint Capital. Mirelo’s flagship AI model, Mirelo SFX 1.5, is designed to generate audio for silent videos. In a demo ...