As artificial intelligence continues to transform industries and push the boundaries of what’s possible, the sector’s biggest players continue securing massive funding rounds. However, new data suggests there remains ample opportunities for startup funding beyond the leaders in the field.
OpenAI, one of the most prominent AI safety research organizations, recently closed a $6.6 billion funding round led by new and existing investors. This adds to a $4 billion line of credit the company obtained and brings its post-money valuation to a sizable $157 billion. While seeking more capital to further its work developing advanced language models and other general-purpose technologies, OpenAI reportedly asked backers not to invest in some potential rivals like Anthropic and xAI.
Despite such moves by powerful incumbents, analysts say the AI funding landscape remains full of promise for innovative new companies. Livestream shopping app Whatnot, for example, has seen its annual sales soar past $2 billion – a sign the live commerce trend shows life in the U.S. despite challenges. Meanwhile, startups in application areas like coding bots and immersion cooling raised rounds in the tens or hundreds of millions, demonstrating investors still eagerly support novel technology across various industry sectors.
