Following the surprising surge of DeepSeek’s reasoning-savvy genAI, Big Tech companies skidded over renewed questions regarding enormous AI investments. But Amazon is responding to DeepSeek’s claims of cheaper AI training by massively increasing its capital expenditures. CEO Andy Jassy contended that lower technology costs do not translate into reduced spending, underlining the firm’s strategy to…
25 landmark R&D-heavy tech funding rounds of 2024
[Updated December 18, 2024 with new details on Databricks] In 2024, AI-focused startups continued to dominate the funding landscape with industry leaders like OpenAI ($6.6B), xAI ($6B), and Anthropic ($4B) leading the pack. Adding to this trend, MLflow and data lakehouse pioneer Databricks recently secured a $10 billion funding round that was primarily equity-based, at…
R&D Market Pulse: NVIDIA hits $37.5B in revenue while UK regulators tap brakes on AI startup investment oversight
In a move signaling a more relaxed regulatory approach to the booming AI sector, UK regulators announced they would not investigate Google’s $2 billion investment in AI startup Anthropic. The move mirrors a similar decision regarding Amazon’s earlier $4 billion stake. This green light comes as Amazon doubles, bringing its total investment in Anthropic to…
This week in AI research: Amazon doubles Anthropic stake to $8B as industry debates scaling limits
Amazon recently doubled down on its Anthropic investment with an additional $4 billion, while NVIDIA reported another quarter of remarkable growth with sales hitting $35.1 billion. Meanwhile, a debate emerged at the Cerebral Valley AI Summit about whether AI development is hitting a scaling wall, with industry leaders like Anthropic’s Dario Amodei and Scale AI’s Alexandr…