AI

Cognition AI Enters Funding Talks at $40 Billion-Plus Valuation

Cognition AI Enters Funding Talks at $40 Billion-Plus Valuation

Key Takeaways: Cognition AI is in early discussions with investors about raising fresh capital at a valuation of at least $40 billion, according to reporting published August 12. The potential financing comes less than three months after Cognition AI raised approximately $1 billion at a $26 billion valuation in Ma

Bank of America Commits $250 Billion to U.S. AI Infrastructure

Bank of America Commits $250 Billion to U.S. AI Infrastructure

Key Takeaways: Bank of America has launched a $250 billion initiative to finance the physical infrastructure supporting artificial intelligence in the United States, widening Wall Street’s role in a buildout that increasingly depends on electricity, metals, and industrial capacity as much as computing hardware. Th

Former OpenAI Chief Kevin Weil Seeks $150 Million for Science AI

Former OpenAI Chief Kevin Weil Seeks $150 Million for Science AI

Key Takeaways: Kevin Weil, the former chief product officer of OpenAI, is pursuing one of the more ambitious early-stage financing rounds in the emerging AI-for-science market. Weil has sought a valuation of at least $750 million and aims to raise $150 million, according to three people with knowledge of the discu

NVIDIA Enlists Wall Street to Finance $500 Billion AI Buildout

NVIDIA Enlists Wall Street to Finance $500 Billion AI Buildout

Key Takeaways: NVIDIA is moving beyond selling chips and deeper into the machinery that finances the data centers using them. The company is working with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR on an effort targeting more than $500 billion in AI infrastructure financing. The plan is desig

River AI Raises $1.1 Billion to Push Enterprise-Owned Models

River AI Raises $1.1 Billion to Push Enterprise-Owned Models

Key Takeaways: River AI has raised $1.1 billion around a clear bet: enterprises will increasingly favor privately owned, open-weight models tailored to their operations instead of relying exclusively on general-purpose APIs from major AI labs. General Catalyst and AMP PBC led the round, with participation from NVI