3 in Finance

8/8: Exscientia (DUS: 0RK) (United Kingdom), artificial intelligence drug pioneer, reached an agreement to be acquired by Recursion Pharmaceuticals (NAS: RXRX) for $688M. (Link)

8/8: Amelia (New York, NY), developer of enterprise AI software, was acquired by SoundHound AI (NAS: SOUN), a global frontrunner in voice artificial intelligence, for $80M. (Link)

8/5: Moonshot AI (China), a leader in AI models serving the AGI industry, raised $300M of venture funding in a deal led by Alibaba, Tencent Holdings, and Gaorong Capital, placing the company’s pre-money valuation at $3B. (Link)

3 for Fun

OpenAI in talks to raise funding that value the company at more than $100B. (Link)

California considering first-of-its-kind AI regulatory legislation. (Link)

ByteDance releases AI text-to-video generation tool; could come to TikTok in the future. (Link)