AI Startups Raised $15B+ Last Week
This week in AI we had several mega-rounds, including Elon Musk's xAI raising $6B in one of the largest rounds in history at a $24B valuation.
This Week in AI 🗞️
NVIDIA crosses $1000 after Q1 2025 earnings
NVIDIA crossed $1000 for the first time after posting their Q1 2025 earnings, a 10-for-1 stock split, and a 150% dividend increase. Read more.
Google AI Overview Faces Criticism
Just days after Google's I/O event, the company is facing criticism for its new AI Overview feature telling people to eat rocks and glue, citing dubious sources, and several other questionable responses. Read more.
OpenAI and News Corp Sign $250M Partnership
OpenAI entered into a multi-year global partnership with News Corp, which as the WSJ reports is valued at over $250M. Read more.
Humane AI Pin Seeks Sale
Humane, an AI wearables startup is reportedly seeking a buyer. The AI Pin has not gained the expected traction, prompting the company to explore acquisition options. Read more.
AI Startups to Watch 🚀
This week in AI, 20+ startups raised over $15 billion with several mega-rounds north of $1B.
xAI - Raised a $6B Series B round
Founded by Elon Musk, xAI focuses on developing advanced AI technologies with the goal of creating safe and beneficial AI systems. As the company writes, this record-breaking funding round will support their plans to develop "advanced AI systems that are truthful, competent, and maximally beneficial for all of humanity"
CoreWeave - Raised $7.5B in debt financing
CoreWeave provides high-performance cloud infrastructure tailored for AI and compute-intensive applications. This round is one of the largest private-debt financing rounds in history, and comes just a few weeks after another $1.1B debt financing round.
Scale AI - Raised a $1B Series F round
Scale AI is another AI unicorn offering a data annotation platform that supports developing and maintaining high-quality datasets for machine learning models. This new series F financing round values the company at $13.8B.
That's it for this edition of This Week in AI. You can sign up here if you were forwarded this newsletter and would like to receive it.