3 in Finance

7/24: Baichuan AI (China), developer of general artificial intelligence services aiming to create a Chinese version of OpenAI, raised $688M of venture funding from Tencent Investment, Xiaomi Technology, and Alibaba. The deal puts the company’s pre-money valuation at $2.1B. (Link)

7/12: Groq (Mountain View, CA), a Nvidia rival developing AI interface technology designed to improve computing speed, quality, and energy efficiency, raised $300M of Series D venture funding. Blackrock led the deal, placing the company’s pre-money valuation at $2.2B. (Link)

7/10: Silo AI (Finland), provider of AI services to serve the automotive, machinery, and aerospace industries, was acquired by Advanced Micro Devices (NAS: AMD) for an estimated $665M. (Link)

3 for Fun

Meta allowing users to create custom AI characters. (Link)

Regulators considering first federal rule on AI-created political ads. (Link)

Google using AI to improve traffic flow. (Link)