Inside the mega-deals behind Europe’s AI billionaire boom
A spate of AI fundraising deals has made way for a new wave of young European billionaires. Meet the sweet 16 whose fortunes got big boosts of late.
A spate of AI fundraising deals has made way for a new wave of young European billionaires. Meet the sweet 16 whose fortunes got big boosts of late.
Twenty-four-year-old founder Anjali Sardana wants to give domestic workers in India a share in the AI gold rush by sending them into people’s homes to collect training data for U.S. AI companies.
Gray Swan works with every major frontier AI lab. Now it’s raised $40 million as it expands to sell security tools to enterprises building AI agents.
Founded in 2024, Goodfire is trying to fix AI’s black box problem — increasingly important as AI systems take on high-stakes tasks in cybersecurity and finance.
Cofounded in 2019 by former consultant Jennifer Smith, Scribe’s software helps hundreds of thousands of companies record what their employees do so AI agents can take over repetitive tasks in the future.
Influencer marketing helped AI video company Higgsfield hit $300 million in annual revenue run rate in just 11 months. But misleading marketing tactics and a shock-based social media strategy has led to backlash.
The startup nabbed a $29.3 billion valuation in a $2.3 billion funding round Thursday, minting its four 20-something founders as billionaires.
Founded by former Thiel fellows, AI language tutoring app Speak started its journey in Seoul, South Korea. But as it enters the U.S. market, it’ll have to compete with better-known rivals like Duolingo.
OpenAI has gone wild with compute deals this year, committing to spend far more than its balance sheet can currently sustain. So who takes the fall if it can’t pay? It won’t be Altman.
At Meta, a chaotic culture and lack of vision have led to brain drain, with rivals saying its AI talent is lacklustre. But Zuckerberg’s frenzied hiring spree hasn’t stopped the departures.