Wonderful Doubles Valuation to $5 Billion in 6 Months
Israeli-Dutch AI startup Wonderful raised $550 million in Series C funding, pushing its valuation past $5 billion, more than doubling its previous $2 billion valuation.
Business
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The business of AI — funding rounds, acquisitions, enterprise adoption, and market moves. Who is investing, who is partnering, and how AI is reshaping company strategy and the wider economy.
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Pangram CEO Warns Internet Could Be 'Dangerously Close' to Dead Internet Theory
Pangram's CEO Max Spero warns the internet could be 'dangerously close' to the dead internet theory becoming reality within a few years, as AI-generated content proliferates.
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Pangram Secures $9M to Boost AI Detection Tools
Pangram raised $9 million to enhance its AI detection system, partnering with Substack to identify AI-generated content in newsletters.
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AfterQuery Becomes Y Combinator’s Fastest-Ever Unicorn at $3.2B Valuation
AI training-data startup AfterQuery reached a $3.2 billion valuation, more than 10x its April $300 million valuation, in just five months.
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OpenAI Tests Outcome-Based Pricing for AI Services
OpenAI is piloting a model where customers pay only when its AI completes a task successfully, according to The Information.
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Instagram Changes AI Profile Label After User Confusion
Instagram admits users struggle to distinguish AI-generated profiles from real people, prompting a label change to improve transparency.
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Insurance Claims Adjusters Hate AI More Than Any Other Group
Insurance claims adjusters are the biggest AI haters in the U.S. workforce, with 98% of their Glassdoor reviews criticizing AI, according to recent research.
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Sony and publishers sue Anthropic over Claude AI piracy
Sony and music publishers allege Anthropic used pirated books to train Claude AI, citing $1.5 billion settlement as insufficient to deter illegal activity.
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Clipto, AI Media Search Startup, Hits $250M Valuation
Clipto, a three-year-old AI media search startup, raised $15 million in an all-equity round at a $250 million post-money valuation.
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Blue Voice Raises $6M to Help Police Access Real-Time Policy Guidance
Blue Voice, an AI startup for police officers, raised $6 million in funding to provide real-time policy guidance, with 225 county agencies using the tool daily.
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ChatGPT Ads Reaches $1 Billion Annualized Revenue Run Rate
ChatGPT Ads has achieved a $1 billion annualized revenue run rate within 200 days of launch, expanding globally to new regions.
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AI-Generated Videos Displacing Actors in China's Entertainment Industry
AI-generated videos now account for 95% of short dramas in China, with production costs dropping to $90-$120 per minute.