Today’s AI funding rush reminds me of the fintech investing hype of 2021

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It turns out that nan monolithic $642 cardinal information that U.S.-based GPU compute supplier CoreWeave conscionable closed was a secondary transaction. I can’t summon a amended news arena to summarize nan existent authorities of investor interest, task included, successful AI-related startups.

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The ongoing frenzy to put successful AI startups is not a section phenomenon: German AI institution Aleph Alpha closed a $500 cardinal Series B successful November, and France’s Mistral AI is presently tipped to beryllium closing successful connected €450 cardinal astatine a €2 cardinal valuation, aft raising a $113 cardinal seed round earlier this year. Then we person OpenAI’s in-process secondary transaction that could spell done astatine a valuation of astir $90 billion.

The database doesn’t get immoderate little hotter if we see caller eight-figure investments alternatively of those worthy 9 figures aliases more.

Parsing a list of caller AI backing events put together by Crunchbase, we tin find much stand-out companies: Rohirrim (generative AI for enterprise) just raised $15 million; Atomic Industries (AI tuned for business production) raised $17 million; and Assembly AI (AI reside models) closed a $50 cardinal round.

Those are each from December. And coming happens to beryllium December 5.

Source Technology