Generative artificial intelligence (AI) firm Dust has raised $16 million in additional funding to expand its platform that helps companies deploy AI assistants for internal use cases. The firm will use the new funding, which was led by Sequoia Capital, to add to its team...
AI may represent a “field of dreams,” but investors are reportedly seeing a potential nightmare. As The Wall Street Journal (WSJ) reported Monday (April 29), startups in the artificial intelligence (AI) space continue to take in billions of dollars in investments, although many of those businesses have...
Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26). Silicon Valley venture capital (VC) firm Sequoia Capital has committed to investing in the startup,...
Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI. Roelof Botha, partner at Sequoia Capital, said that while Sequoia Capital has been a long-time investor in OpenAI, the firm is not actively...
June 23, 2023
If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed on March 10 in one of the biggest bank failures in U.S. history, starting runs at other regional lenders. That’s why the Federal Deposit Insurance Corp. (FDIC) quickly stepped in and backstopped SVB’s […]
July 15, 2024
The valuation of payments processing platform Stripe reportedly reached $70 billion. Sequoia Capital is offering to buy shares from investors that want to cash out, Bloomberg reported Monday (July 15), citing unnamed sources. The venture capital firm is offering $27.51 for Stripe shares and will purchase up to $861 million in shares. Stripe is one […]
June 27, 2024
Generative artificial intelligence (AI) firm Dust has raised $16 million in additional funding to expand its platform that helps companies deploy AI assistants for internal use cases. The firm will...
April 29, 2024
AI may represent a “field of dreams,” but investors are reportedly seeing a potential nightmare. As The Wall Street Journal (WSJ) reported Monday (April 29), startups in the artificial intelligence...
April 26, 2024
Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26)....
