Releases

NVIDIA market capitalisation at end of calendar year 2022, down 51% from the prior year amid a broader semiconductor and tech sector downturn.

Magnetar backed CoreWeave with a $100 million strategic investment to expand GPU capacity for AI, machine learning, and visual-computing customers.

Perplexity raised approximately $3.1 million in seed financing from Elad Gil and a group of prominent AI and technology investors.

Oracle completed its acquisition of Cerner to create a major health technology and clinical-data business.

Hugging Face raised $100 million in Series C funding led by Lux Capital at a reported $2 billion post-money valuation.

Anthropic raised $580 million to build steerable, interpretable, and robust AI systems and expand its research infrastructure.

Modal raised $7 million in seed financing to build its serverless cloud platform.

Microsoft completes its acquisition of Nuance, adding clinical speech recognition, ambient intelligence and conversational AI to its portfolio.

Cohere raised $125 million in a Series B led by Tiger Global to expand its enterprise language-model platform.

IBM agreed to sell healthcare data and analytics assets from Watson Health to Francisco Partners.

Hugging Face acquired Gradio, bringing its open-source interface framework and team into the company while keeping the project open source.

CoreWeave raised $50 million from Magnetar Capital to scale its specialized NVIDIA GPU cloud infrastructure.

Scale acquired Berlin-based SiaSearch and folded its petabyte-scale sensor-data search technology and team into Scale Nucleus.

Databricks closed a $1.6 billion Series H with participation from AWS, CapitalG and Microsoft at a $38 billion post-money valuation.

Index Ventures led Cohere's $40 million Series A, with Section 32, Radical Ventures and AI researchers participating.

Anthropic raised $124 million to pursue computationally intensive research into reliable, interpretable, and steerable AI systems.

Scale raised $325 million in Series E funding co-led by Dragoneer, Greenoaks, and Tiger Global at a reported $7.3 billion valuation.

Microsoft agrees to acquire Nuance Communications for $19.7 billion including net debt, expanding its healthcare and conversational-AI capabilities.

Baidu's Class A ordinary shares began trading on the Hong Kong Stock Exchange under 9888.

Hugging Face raised $40 million in Series B funding led by Addition to grow its open-source machine-learning ecosystem and hosted platform.

Databricks raised $1 billion led by Franklin Templeton at a $28 billion post-money valuation.

Scale acquired real-time video-understanding startup Helia AI and brought its team and infrastructure expertise into the Nucleus platform.

Scale raised $155 million in a Series D led by Tiger Global at a post-money valuation above $3.5 billion.

Databricks acquired open-source visualization company Redash to expand SQL analytics and collaboration.

Hugging Face raised $15 million in a Series A led by Lux Capital to expand its open-source natural-language-processing platform.

Databricks raised $400 million in Series F financing at a $6.2 billion valuation.

Facebook agreed to acquire CTRL-labs, bringing neural-interface research into Reality Labs.

Scale raised $100 million in Series C funding led by Founders Fund at a valuation above $1 billion.

Microsoft invests $1 billion in OpenAI and becomes its exclusive cloud partner for new Azure AI supercomputing technologies.

Microsoft invested $1 billion in OpenAI and the companies formed an exclusive cloud-computing partnership.

IBM completed its acquisition of Red Hat to anchor an open hybrid-cloud platform for enterprise software and AI.

Databricks raised $250 million led by Andreessen Horowitz, valuing the company at $2.75 billion.

Scale raised $18 million in Series B funding led by Index Ventures with participation from Accel, Y Combinator, and other investors.

Microsoft agrees to acquire GitHub for $7.5 billion in stock, bringing the developer platform that later launched GitHub Copilot into Microsoft.

Hugging Face raised a $4 million seed round backed by investors including A.Capital, Betaworks, SV Angel, and Thirty Five Ventures.

Microsoft acquires conversational-AI startup Semantic Machines to advance more natural, context-aware dialogue systems.

Databricks raised $140 million in a Series D led by Andreessen Horowitz.

Scale raised $4.5 million in Series A funding led by Accel to expand its labeled-data infrastructure.

Hugging Face raised approximately $1.2 million in early angel funding to develop its conversational AI startup.

Databricks raised a $60 million Series C led by New Enterprise Associates.

Amazon agreed to acquire chip-design company Annapurna Labs, strengthening its ability to build custom silicon for AWS.

Facebook acquired natural-language interface startup Wit.ai to strengthen conversational AI capabilities.

Databricks raised $33 million to expand its cloud platform for large-scale data processing.

Google agrees to acquire London-based artificial-intelligence company DeepMind Technologies, bringing its research team into Google.

Andreessen Horowitz led Databricks' first institutional financing to commercialize Apache Spark.

Facebook completed its initial public offering on Nasdaq under the ticker FB.

Baidu's American depositary shares began trading on Nasdaq under BIDU.

Google completes its initial public offering on Nasdaq, establishing the public-company lineage now represented by Alphabet's GOOGL and GOOG shares.

Amazon completed its initial public offering on Nasdaq under the ticker AMZN.

Microsoft completes its initial public offering on Nasdaq, establishing the public-company lineage represented by MSFT.