AI Startups

Marketing and media leaders gathered at Cannes Lions to discuss trends in AI, experiential marketing, and brand partnerships. Disney's Rita Ferro and Target's Michelle Mesenburg highlighted the value of collaborative con…

The Nasdaq Composite fell nearly 3% this week amid investor concerns that massive AI infrastructure spending may not yield sufficient returns. Goldman Sachs estimates technology companies will spend $7.6 trillion through…

Coval raised $28 million in Series A funding to stress-test AI voice agents before they reach real callers. The San Francisco startup applies simulation techniques from autonomous vehicles to catch failures in accents, i…

Toronto-based FinTech firm Float Financial announced an $85-million CAD Series C round led by Inovia Capital to fuel geographic expansion and AI investment. The round values Float at $548 million, a 70% increase from its…

Taktile raised $110 million in a Series C round led by Goldman Sachs Alternatives to automate high-stakes banking decisions using AI agents. The Berlin-and-New-York startup aims to replace manual processes in underwritin…

A Haystack News poll found 55% of over 4,100 Americans are very concerned about an AI bubble, reflecting growing alarm over the $1 trillion invested in AI with little return. The concern coincides with a broad stock sell…

Netris, a Santa Clara startup that automates networking for GPU data centers, raised $15 million in a Series A round led by Andreessen Horowitz. The company reports 800% annual recurring revenue growth and over 35 live d…

Andreessen Horowitz led a $15 million Series A round for Netris, a network automation startup that helps GPU cloud providers manage the networking layer beneath AI clusters. The investment highlights a growing bottleneck…

Oracle cofounder Larry Ellison quietly donated about $45 million to a pro-Trump nonprofit during the 2024 campaign, according to The Wall Street Journal. Since then, Oracle has secured major government-linked deals, incl…

General Intuition raised $320 million at a $2.3 billion valuation to develop AI agents trained on video game footage that can operate in the real world. The startup uses action labels from gameplay clips to teach spatial…

Robinhood Ventures Fund I invested $25 million in Canva's Class A Common Stock on June 24, adding the AI-powered design platform to its portfolio alongside a previous $75 million OpenAI stake. The non-diversified closed-…

Micron Technology Inc. shares surged after the company issued a quarterly sales forecast of approximately $50 billion, far exceeding analyst estimates of $43.2 billion, signaling sustained AI-driven growth. The memory ch…

Qualcomm Inc. shares surged after the chipmaker forecast annual sales of more than $15 billion from AI data center components by fiscal 2029, part of a broader $40 billion revenue target for non-handset businesses. The c…

Solstice, a Solana-based protocol, partnered with Irish AI infrastructure provider TensorX to establish a $1B financing facility for purchasing NVIDIA GPUs and expanding data center capacity across Europe. The partnershi…

Contraband, a ticketed VR cinema for indie and AI-made films, launches on Meta Quest headsets, giving filmmakers direct ticket revenue via Stripe. The platform aims to bypass traditional distribution that leaves indie an…

Exponential View's inaugural State of the AI Economy report found that generative AI sales reached $110 billion over the past year, with an annualized run rate exceeding $175 billion. The report, based on data from over …

Cerebras Systems shares plunged up to 20% on June 24 after its first earnings report as a public company revealed a gross margin forecast of 38-41% for 2026, far below Nvidia's mid-70% margins, despite beating Q1 revenue…

European generative and agentic AI startups have raised €20bn since 2024, with €8bn secured in 2026, as investor focus shifts from growth to durability, according to Sifted. Tencent's Dr Ling Ge and founders Archie Holli…

Amazon is heavily promoting its AI assistants, Alexa and Rufus, during Prime Day to transform the shopping experience, but early evidence shows shoppers are using them more as fact-checkers than companions. While AI-driv…

Scaled Cognition raised $100 million in Series A funding led by Khosla Ventures to build AI models that do not hallucinate. The startup's APT model is designed with reliability engineered into its architecture, targeting…