Abu Dhabi's MGX Closes $49B AI Fund at Record Size
MGX closes its first AI fund at $49B, beating a $45B target, after co-leading the biggest funding rounds for OpenAI, Anthropic, and xAI over the past six months.
Articles Tagged "Venture Capital"
Etched Exits Stealth With Working Chip and $1B in Orders
Transformer ASIC startup Etched comes out of stealth with first-pass silicon on TSMC N4P, $800M raised, and more than $1B in signed customer contracts.
General Intuition Raises $320M to Train AI on Gameplay
General Intuition raised $320 million at a $2.3 billion valuation on the bet that billions of hours of video game footage - with action labels - can train AI agents that operate in the real world.
Baseten Closes $1.5B Round as Open-Source AI Matures
Baseten's $1.5B raise at a $13B valuation signals a structural shift as open-source models displace closed APIs in enterprise AI.
Odyssey Raises $310M as Amazon Bets on World Models
Amazon leads a $310M round into Odyssey, a startup building world models that simulate physics - not just language - with Trainium chip adoption baked in as the price of entry.
Sarvam Raises $234M to Power India's Sovereign AI
Bengaluru-based Sarvam hit a $1.5 billion valuation after HCLTech put in $150 million, betting India can build its own AI stack and stop routing sensitive data through American clouds.
Mistral Seeks €3B Round, Valuation Hits €20B
Mistral AI is in talks to raise €3 billion at a €20 billion valuation, nearly doubling its September 2025 price tag in under a year and cementing its status as Europe's most valuable AI company.
Bezos Backs Flourish's $500M Bet on Brain-Inspired AI
Jeff Bezos anchored a $500M round for Flourish, a New York startup building Cortex AI from connectomics research, targeting 20-50W operation versus server-rack GPU clusters.
Orbital Plans 10,000 GPU Satellites for AI Inference
a16z-backed Orbital wants to run AI inference from low Earth orbit using NVIDIA Blackwell GPUs, targeting 10,000 satellites and 1 GW of compute at full scale.
DeepSeek Nears $7.4B Close With Tencent and CATL
DeepSeek's maiden external funding round is nearing completion at up to $59B valuation, with Tencent and EV battery giant CATL as the biggest outside investors.
Cognition Raises $1B at $25B as Devin Hits $492M ARR
Cognition's $1B funding round at a $25B pre-money valuation puts Devin's $492M ARR and model-agnostic architecture under scrutiny as every major AI lab ships its own coding agent.
KPMG Goes All-In on Claude, Deploying to 276K Staff
KPMG and Anthropic signed a global alliance giving all 276,000 employees access to Claude, with a dedicated PE product and a preferred-consultant designation for private equity deployments.
