3 in Finance

12/23: EvolutionIQ (New York, NY), an industry-leading AI platform for disability and injury claims management, reached an agreement to be acquired by CCC Intelligent Solutions (NAS: CCCS) for $730M. (Link)

12/18: Perplexity (San Francisco, CA), an AI-powered search engine backed by Jeff Bezos and Nvidia, raised $500M of venture funding. The funding round was led by IVP and Builders + Backers, propelling the company’s pre-money valuation to an impressive $8.5B —an eightfold increase from its $1B valuation in April 2024. (Link)

12/10: MoneyLion (NYS: ML) (New York, NY), developer of a white-labeled fintech AI recommendation platform, has been acquired by Gen Digital (NAS: GEN) for $950M. (Link)

3 for Fun

OpenAI makes ChatGPT available for phone calls and texts. (Link)

Apple in talks with Tencent and ByteDance to integrate AI features into iPhones sold in China. (Link)

New study reveals that AI models are capable of strategic deception. (Link)

Big movers — month over month stock performance:

SoundHound AI gains 113%; BigBear.ai gains 94%; Broadcom gains 43%

Intel falls 17%; Micron Technology falls 14%; Synopsys falls 13%