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AI

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Clay, a secret weapon for Anthropic and OpenAI, boosts valuation to $1.3 billion

Software startup Clay took years to figure out its product. Now it’s growing fast, with tens of millions in revenue and a valuation that’s doubled in six months.

  • By Alex Konrad
  • Forbes Staff

Eric Schmidt’s new secret project is an AI video platform called ‘Hooglee’

The billionaire technologist has quietly founded a startup that aims to “bring people closer, simplify communication, and enhance engagement” through artificial intelligence.

  • By Sarah Emerson
  • Forbes Staff

‘Brilliant but dangerous’: Andrew Forrest is supporting US-China think tank discussions on AI security

Australian billionaire Andrew Forrest has spent 5 years secretly working to bring together US and Chinese foreign policy experts to find common ground on national security and AI. Here’s what the Brookings Institute consortium has achieved.

  • By Shivaune Field, Journalist
  • Business Journalist

Anthropic’s pending $60 billion valuation will make all seven cofounders billionaires

The AI startup behind Claude, the rival product to OpenAI’s ChatGPT, is raising $2 billion in fresh funding, sources confirmed to Forbes.

  • By Alex Konrad
  • Forbes Staff

These startups are making sure AI companies pay up for taking content

With publishers scrambling to adjust to a world in which AI scrapes and repurposes their work, a new cohort of companies is emerging to forge licensing deals between content creators and AI companies.

  • By Rashi Shrivastava

From OpenAI to Canva: The major AI milestones that defined 2024

What a year. If it felt like every time you blinked, there was another AI announcement, you’re not alone. From blockbuster acquisitions and record-breaking investments to tools that reshaped how we work, travel, shop, and even think, 2024 was a whirlwind in the world of artificial intelligence.

  • By Lucio Ribeiro - Contributor

What we know about xAI as it bolsters itself for AI race—with $6 billion in new funding

Elon Musk’s artificial intelligence startup xAI disclosed Thursday it raised $6 billion in equity financing—the company’s latest step forward as it raises funding and …

  • By Antonio Pequeño IV

Coders worry the AI from this $2 billion startup could replace their jobs

Backed by $200 million in funding, 28-year-old Scott Wu and his team of competitive coders at Cognition are building an AI tool that can program entirely on its own, like an “army of junior engineers.”

  • By Rashi Shrivastava

Australia not economically competitive in AI: Stanford research

Our sunburnt nation ranks just 30th out of 36 nations in the economic competition index. Australia is 16th globally in overall AI Vibrancy.

  • By Shivaune Field, Journalist
  • Business Journalist

Affinda named fastest growing AI company in Australia, closes further $10m raise

Melbourne brothers Tim and Dr Ben Toner have raised $23 million for Affinda over the last 18 months. The global company uses AI to digitise document-intensive processes.

  • By Shivaune Field, Journalist
  • Business Journalist
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