FiNext Private’s Post

Good morning New York! 3 weeks until Metal takes the stage for #NYTechWeek 🤘 If you're in PE or VC, register below to learn how you can accelerate diligence, portfolio monitoring, and reporting with applied AI https://lu.ma/9qlk7l3e

Mangusta Capital: A New Global Venture Capital Firm That Invests In Artificial Intelligence And Consumer Disruption - Markets Insider: Mangusta Capital: A New Global Venture Capital Firm That Invests In Artificial Intelligence And Consumer Disruption  Markets Insider http://dlvr.it/T9l26s #ai #artificialintelligence

🤖📊 Reports are in that Elon Musk‘s AI company, xAI, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. As per the filing, each investor contributed at least $77,593, with 97 participants in total, though their names were not disclosed. Reports suggest key contributors to the funding round include Valor Equity Partners, Sequoia Capital, Andreessen Horowitz, and Qatar Investment Authority, Qatar’s sovereign wealth fund. 📈 The latest funding boosts xAI’s total capital raised to $12 billion, building on the $6 billion secured earlier this year. In November, it was reported that xAI is targeting a $50 billion valuation, a significant increase from six months ago when its valuation stood at half that amount. 🤖 Read more here: https://lnkd.in/eYzy3QRc #tech #funding #news #elonmusk #AI #startup #VC #investment #innovation #technology

Sam Altman, The tech world’s wizard with a $2.8 billion portfolio and a knack for turning startups into gold mines. From a humble $65k salary to owning stakes in over 400 companies, Altman's investments are nothing short of legendary. With moves like boosting Reddit, Inc. stocks by $69 million overnight, he’s redefining what it means to be an investor. Whether it's tapping into a personal line of credit from J.P. Morgan or navigating potential conflicts with finesse, Altman’s strategy is pure genius. In the grand chess game of tech, Altman is the grandmaster. Reviving AI and robotics at OpenAI and steering market trends, he’s not just playing the game; he’s inventing it. Watch out, world—Sam Altman is setting the new standard for tech moguls everywhere. Read more: https://lnkd.in/d4_SC2nJ #InvestmentGuru #TechInnovator #SamAltmanMagic #AllAboutAI #AI #ArtificialIntelligence

"Angel, seed and early-stage VC deals in Q3 2024, AI specialists raised $2 billion across 42 pacts, according to our latest Emerging Tech Indicator report, suggesting continued investor confidence in the sector."

Neo was at GenAI Summit in San Francisco the past week, and we were impressed by the amount of real world AI use cases that we saw. Get on the AI ride with our open-ended venture fund! #GenAISummit #SanFrancisco #AI #ArtificialIntelligence #AIusecases #VentureCapital #OpenEndedVentureFund #InvestmentSummit #PrivateCapital #AngelInvestor

Decoding The Evaluation Process Of Generative AI Companies By Venture Capitalists #healthcareai #healthtech #FinTech #veuu http://ow.ly/EjLc30sAxw9

xAI, the ambitious AI venture founded by Elon Musk, has secured a staggering $6 billion in funding. This latest round, which surpasses previous estimates by $1 billion, values the two-year-old San Francisco startup at a remarkable $50 billion. The funding round was led by a consortium of prominent investors, including Valor Equity Partners, Sequoia Capital, Andreessen Horowitz, and Qatar Investment Authority. With this infusion of capital, xAI has raised $12 billion and is poised to intensify its competition with industry leader OpenAI. https://lnkd.in/du22D4FY

Inside the Eye-popping Numbers of 2024’s Hottest AI Firms As the artificial intelligence gold rush continues, valuations have soared to dizzying heights. From generative AI models that can write codes to AI-driven search engines that promise smarter answers, U.S. AI startups are raking in billions from investors eager to bet on the next money-making technological revolution. In Q3 2024, venture capitalists poured $3.9 billion... https://ift.tt/vsVPOHt

“Hebbia, a startup using generative AI to search large documents and return answers, has raised a nearly $100 million Series B led by Andreessen Horowitz, according to three people with knowledge of the matter “The startup sells primarily to financial service firms, including hedge funds and investment banks. But its product could also be used by law firms and other professional domains.” https://lnkd.in/eddJi-Ub #legaltechnology Hebbia AI