Context: Crunchbase says the week's largest financings went to AI processor maker Tenstorrent and AI lab Flapping Airplanes.
From Crunchbase News: It was another interesting week for AI-related startup funding, with a number of large rounds and quirky companies. The largest financings went to Tenstorrent, a developer of AI processors and systems, and AI lab Flapping Airplanes.
Tech stocks fell the most since 2020 as investors exited the AI trade after the election.
Seoul-based FuriosaAI, which makes AI inference chips, raised a Series D valuing it at about $2.9bn; South Korea's National Growth Fund put in $280m.
Firms such as Jane Street are investing in AI and chip startups and neoclouds, and some are building their own data centers.
Proposed regulations would strengthen the Treasury's Outbound Investment Security Program to curb US investment in AI, chip and biotech deals in China and Russia.
Mercor supplies human experts to train and evaluate AI models, drawing on a network of more than 5 million domain experts.
The range of $70 to $78 per share implies up to $1.404T fully diluted; SiliconANGLE puts the fundraising goal at $64B.
