3 in Finance

5/28: xAI (Burlingame, CA), Elon Musk’s AI platform designed to accelerate human scientific discovery, raised $6B of Series B funding in a deal led by Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz. This deal places the company’s pre-money valuation at $18B. (Link)

5/21: Scale AI (San Francisco, CA), leading AI data foundry, raised $1B of Series F venture funding, valuing the company at $13.8B. Nvidia and Accel led the deal, with companies such as Amazon, Meta, and Qualcomm also participating in the round. (Link)

5/7: Deci (Israel), developer of a deep learning platform designed to build efficient generative AI and computer vision models, was acquired by Nvidia (NAS: NVDA) for $300M. (Link)

3 for Fun

Apple introduces new AI-focused M4 chip. (Link)

OpenAI has begun training a new flagship model to succeed ChatGPT’s GPT-4. (Link)

Salesforce says nearly two-thirds of global c-suite execs trust AI to drive business. (Link)