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Start-upsi

Articles about early-stage companies; pre-IPO, including those still being funded by angel investors, private equity or venture capitalists.

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  • The capital infusion brings Amazon’s total investment in Anthropic, formed in 2021 by former employees of OpenAI, to US$4 billion
  • Anthropic, which offers a chatbot named Claude, has emphasised developing AI safely and responsibly

The Web3 video gaming unicorn has signed an MOU with Saudi Arabia’s state-backed science park, months after a US$50 million investment in its Neom smart city.

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The AI start-up says it is working to expand the service capacity of its Kimi chatbot, which has been adding new users rapidly after announcing a technological breakthrough.

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Microsoft will pay US$620 million to license Inflection’s AI models and around US$30 million for waiving any legal rights related to its mass hiring of the start-up’s employees.

Rebellions, a fabless AI chip company co-founded by five South Korean engineers, is viewed as the country’s best hope to rival Nvidia in AI inference.

The capital infusion could be a harbinger for Huawei’s increased pace of new investments this year, as the Chinese tech giant’s sales rose in 2023.

Fosun Pharma will team up with Shenzhen’s government to raise a 5-billion yuan (US$700 million) healthcare fund to invest in start-ups and innovations in cellular biology, genetics and other fields related to biomedicine.

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Economic growth and ‘de-risking’ from China are driving investors to Southeast Asia, but just four companies accounted for nearly half of exit values since 2015.

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AIsphere, which has raised more than US$14 million in a round led by venture firm Fortune Capital, launched a beta version of its PixVerse video generator for domestic users on Monday.

In its first legal response to Musk’s lawsuit, OpenAI said the tech billionaire’s allegations against it are ‘contrived’ and based on ‘the terms of his fictitious contract’ with the start-up.

Funding woes, work-life balance and prejudice remain hurdles for women entrepreneurs, who say having supportive business partners and spouses can be half the battle won.

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GSR Ventures’ Allen Zhu sees the current investor interest generated by artificial intelligence start-ups that are building large language models as based on a ‘fear of missing out’.

OpenAI’s response hits at the heart of a lawsuit filed by Musk, who accused the start-up of breaching their founding agreement to develop AI for the benefit of humanity.

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The MiniMax deal would mark Alibaba’s second major artificial intelligence start-up investment this year after leading Moonshot AI’s US$1 billion funding round in February.

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HKSTP and Cyberport signed memorandums of understanding to share knowledge and explore collaboration opportunities in Saudi Arabia at the Leap conference.

Anthropic, one of OpenAI’s top competitors, introduces three new AI models that it says are twice as likely to offer correct answers to questions and less likely to make things up.

Musk’s lawsuit claims ChatGPT-maker OpenAI and its chief executive Sam Altman, among others, abandoned the company’s original mission to develop artificial intelligence for the benefit of humanity not profit.

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Employers in China are scrambling for workers with skills in generative artificial intelligence, as the nation loses some of its top talent to the US.

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The praise heaped on developers Jing Li and Ricky Wang Yu reflects mainland China’s excitement over how Sora further advances artificial intelligence applications.

The introduction of Sora has forced China’s AI industry to again grapple with how it will catch up to the latest tech in the face of escalating US sanctions.

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