Breaking: Trump Backs $500B AI Project with OpenAI and SoftBank
Welcome to this week’s AI Investment Newsletter!?
Let’s explore the latest in AI investments and what they mean for the future of the industry.
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?? AI-Washing: The Hype vs. Reality in Startup Funding
The GenAI investment landscape is heating up, but not everything is as it seems. Our latest research gathered insights from hundreds of founders and investors. It showed that 25% of founders admit to overstating their AI capabilities to attract funding.
While excitement runs high, investors often overlook key risks like regulation and responsible AI use. It's time to move beyond the buzz and start asking the tough questions.
Click to check out all the data in the full report- https://link.genai.works/ve5G
OpenAI, SoftBank, and Oracle Launch $500B Stargate Project
In a historic move, President Trump announced billions in private sector investment to boost AI infrastructure across the United States.
The Stargate Project, a joint venture by OpenAI, SoftBank, and Oracle, will bring $500 billion into building state-of-the-art AI data centers, starting with a facility in Abilene, Texas. Expected to be operational by mid-2026, this data center alone will consume up to a gigawatt of power—enough to supply 750,000 homes.
By 2029, Stargate could scale to 20 cutting-edge data centers, solidifying the U.S.’s leadership in AI innovation while creating hundreds of thousands of jobs nationwide.
Key Highlights:
This initiative reflects the surging demand for robust AI infrastructure as the technology evolves and expands into every industry.
Google Invests $1B in Anthropic
领英推荐
Google has invested an additional 1 billion in Anthropic, an AI startup that competes with OpenAI.?
Anthropic is the creator of the Claude AI chatbot and has been working closely with both Google and Amazon. Amazon has already invested $8 billion in the company, and its AWS cloud division is Anthropic’s primary training partner.
The funding highlights the massive capital requirements of AI startups, especially those developing generative AI models.?
Anthropic’s focus on ethical AI and its partnerships with tech giants like Google and Amazon position it as a key player in the AI race. However, the company will need to continue innovating to stay ahead of its rivals.
Vertice Raises $50M for AI-Powered SaaS Spend Platform
London-based Vertice, an AI-driven platform optimizing software and cloud spend, has secured? $50 million.
The company has grown 13 times in the last three years and now serves hundreds of clients globally, including big names like ASML, Euronext, Grant Thornton, and Santander. Vertice’s platform uses AI to analyze a company’s software and cloud spending, providing insights that can cut purchasing cycles in half and save businesses 20-30% on costs.
Vertice’s CEO, Roy Tuvey, explained that the platform is designed to standardize how companies buy software and other services, making the process more efficient.?
With global spending on software and IT services expected to grow by 9% in 2025, Vertice is well-positioned to capitalize on this trend.?
AI vision startup Metropolis Acquires Oosto for $125M
AI vision startup Metropolis has acquired Oosto, a controversial computer vision company formerly known as AnyVision, for $125M.
Metropolis, which focuses on AI-powered parking solutions, plans to integrate Oosto’s technology into its platform. The company’s systems are used in 4,000 locations and process $5 billion in payments annually.?
By adding Oosto’s computer vision capabilities, Metropolis aims to enhance its ability to track vehicles and automate payments in parking environments.
Oosto’s pivot from surveillance to enterprise applications didn’t go as planned, and the company was reportedly making around $20 million in annual revenue at the time of the acquisition.
Harvey’s Valuation Set to Double to $3B
Legal AI startup Harvey is in talks to raise? 300 million in a funding round led by Sequoia Capital. This would more than double Harvey’s previous valuation.
Harvey develops generative AI tools for law firms, helping them automate tasks like contract analysis and legal research. The company has already raised over $200 million from investors like the OpenAI Startup Fund, GV, and Kleiner Perkins.
The legal tech space is becoming increasingly crowded, with competitors like EvenUp and Robin AI also raising significant funding. However, Harvey’s focus on generative AI and its strong investor backing give it a competitive edge.
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Student at Butte College
2 周I THINK THE GOVERNMENT MIGHT BE ON TO SOMETHING
It's fascinating to see high-profile support for AI initiatives like this, especially considering the potential implications for both the industry and society. This project could be a game changer, enabling new innovations and economic opportunities. I'm eager to see how it develops.
AI is revolutionising industries by automating tasks, enhancing decision-making, and driving innovation. As technology advances, Cognivance Inc is using its potential to build ground breaking products #AI #Automation #transformation #ProductCompany?
Student at Mumbai University Mumbai
3 周OpenAIGoogle DeepMindNVIDIA AI ?? AI-Powered Learning: Your Study Materials, Your AI Tutor! ???? I’ve built an AI using Gemini 1.5 Flash that analyzes scanned PDFs and provides solutions directly from your textbooks and notes—ensuring personalized learning without relying on random online sources. ?? No AI has successfully handled scanned PDFs—until now! My project is the first to analyze scanned textbooks and generate structured, easy-to-understand notes for students. ?? Key Features: ? Scanned PDF Processing – Converts textbooks into structured notes. ? AI Q&A – Get answers from your own study materials. ? Smart Resource Handling – If no resources are available, AI provides relevant information from trusted sources. ? Syllabus-Focused Learning – No distractions, just what you need to study efficiently. ?? Why It Matters? Unlike other AI tools, this solution prioritizes your content for accurate, syllabus-specific learning, while offering reliable external support when needed. ?? Future Enhancements: ?? Handwritten Notes Recognition ?? AI-Powered Summarization ?? Voice-Based Learning ?? Would this AI help in your studies? Let’s discuss! ??