The artificial intelligence start-up’s funding shows investors remain enthusiastic about the A.I. boom.
The opposing paths taken by two powerful firms — Benchmark and Andreessen Horowitz — embody a profound debate about the future of an industry that funds and fosters American innovation.
The San Francisco company is gathering the billions its executives believe they will need to continue building new A.I. technology.
The A.I. start-up’s valuation has risen by more than $70 billion in nine months.
The A.I. start-up’s valuation has risen by more than $70 billion in nine months.
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.
The San Francisco start-up hopes to raise $6.5 billion as part of an aggressive push for more investment.
Led by the investment firm Thrive Capital, the new deal would value the artificial intelligence start-up at over $100 billion.
In an unexpected move, Miles Grimshaw announced today that he is rejoining Thrive Capital after working as a general partner at Benchmark for the past three years. Grimshaw first joined Thrive, a New York–based venture firm that Joshua Kushner founded,…
The A.I. start-up’s valuation tripled in less than 10 months.
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