Alex Woodie@BigDATAwire
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Hammerspace, an AI data platform company, has secured $100 million in growth capital through a Series B investment round. This funding will be used to accelerate the company's global expansion and capitalize on the surging demand for AI-driven data solutions. Several venture investors participated in the round, highlighting the increasing recognition of Hammerspace's potential in the rapidly evolving AI landscape.
The investment was led by Altimeter Capital, a prominent Silicon Valley venture capital firm known for its early investments in big data companies like Snowflake and MongoDB, with participation from Cathie Wood's ARK Invest, alongside a mix of new and existing investors. Hammerspace's technology addresses the challenges of dispersed data by virtually combining data silos into a single global namespace, allowing high-performance access to data across different locations and protocols. This capability is critical for organizations looking to leverage AI and big data effectively.
According to Hammerspace Founder and CEO, David Flynn, the new funding will enable the company to eliminate friction, compress time-to-results, and significantly increase GPU utilization, ultimately helping customers win in the AI race. Jamin Ball, Partner at Altimeter Capital, echoed this sentiment, stating that Hammerspace's architecture removes the bottlenecks that are hindering today's most advanced compute environments. The demand for high-speed, scalable access to data is surging, and investors are confident in Hammerspace's ability to meet this demand and support its expansion in a fast-growing market.
Recommended read:
References :
- Blocks and Files: Data orchestrator Hammerspace has ingested $100 million in funding to accelerate its global expansion.
- insideAI News: AI data platform company Hammerspace announced that several venture investors have invested $100 million in growth capital in the company.
- insidehpc.com: AI data platform company Hammerspace announced that several venture investors have invested $100 million in growth capital in the company.
- BigDATAwire: The capability to virtually combine far-flung data silos into a single global namespace and access it at HPC-class speed has enabled Hammerspace customers to solve tough data problems.
- insidehpc.com: Hammerspace Raises $100M
- NextBigFuture.com: AI data platform company Hammerspace announced that several venture investors have invested $100 million in growth capital in the company.
- www.bigdatawire.com: The capability to virtually combine far-flung data silos into a single global namespace and access it at HPC-class speed has enabled Hammerspace customers to solve tough data problems. It also The post appeared first on .
- futurumgroup.com: Altimeter and ARK Lead $100M Round in Hammerspace to Strengthen AI Infrastructure Performance
- futurumgroup.com: Details that Altimeter and ARK Lead $100M Round in Hammerspace to Strengthen AI Infrastructure Performance.
Ryan Daws@AI News
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OpenAI has secured a monumental $40 billion funding round, spearheaded by SoftBank, elevating the company's valuation to $300 billion. This substantial financial backing marks one of the most significant capital infusions in the tech industry, underscoring the robust investor confidence in OpenAI's vision and strategic direction. The funding is expected to fuel expanded research and development efforts, upgrades to computational infrastructure, and the accelerated rollout of next-generation AI models. This investment also solidifies OpenAI's position as the world’s second-most valuable private company, trailing only Elon Musk’s SpaceX Corp.
As part of this major announcement, OpenAI revealed plans to release its first "open-weight" language model since 2019. This move signifies a dramatic strategic shift for the company, which has largely built its business on proprietary AI systems. OpenAI CEO Sam Altman confirmed the development on X, stating that the new model would have enhanced reasoning capabilities and be made available in the coming months. This decision comes amid increasing pressure from competitors in the open-source AI space and is driven by the evolving economics of the AI landscape.
Recommended read:
References :
- Fello AI: OpenAI has closed a $40 billion funding round, boosting its valuation to $300 billion. The deal, led by SoftBank, is one of the largest capital infusions in the tech industry and marks a significant milestone for the company.
- SiliconANGLE: OpenAI bags $40B in funding, increasing its post-money valuation to $300B
- techxplore.com: OpenAI says it raised $40 bn at valuation of $300 bn
- THE DECODER: SoftBank and OpenAI announced a major partnership on Monday that includes billions in annual spending and a new joint venture focused on the Japanese market.
- venturebeat.com: OpenAI announced plans to release its first “open-weight” language model since 2019, marking a dramatic strategic shift for the company that built its business on proprietary AI systems.
- www.techrepublic.com: Find out how to provide OpenAI with your input about its upcoming open language model, which Sam Altman stated will be a "reasoning" model like OpenAI o1.
- AI News | VentureBeat: $40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear
- www.theguardian.com: OpenAI raises up to $40bn in record-breaking deal with SoftBank
- Pivot to AI: OpenAI signs its $40 billion deal with SoftBank! Or maybe $30 billion, probably
- THE DECODER: OpenAI plans GPT-5 release in "a few months," shifts strategy on reasoning models
- AI News: Study claims OpenAI trains AI models on copyrighted data
- Charlie Fink: OpenAI Raises $40 Billion, Runway AI Video $380 Million, Amazon, Oracle, TikTok Suitors Await Decision
Ryan Daws@AI News
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OpenAI is set to release its first open-weight language model since 2019, marking a strategic shift for the company. This move comes amidst growing competition in the AI landscape, with rivals like DeepSeek and Meta already offering open-source alternatives. Sam Altman, OpenAI's CEO, announced the upcoming model will feature reasoning capabilities and allow developers to run it on their own hardware, departing from OpenAI's traditional cloud-based approach.
This decision follows OpenAI securing a $40 billion funding round, although reports suggest a potential breakdown of $30 billion from SoftBank and $10 billion from Microsoft and venture capital funds. Despite the fresh funding, OpenAI also faces scrutiny over its training data. A recent study by the AI Disclosures Project suggests that OpenAI's GPT-4o model demonstrates "strong recognition" of copyrighted data, potentially accessed without consent. This raises ethical questions about the sources used to train OpenAI's large language models.
Recommended read:
References :
- Fello AI: OpenAI Secures Historic $40 Billion Funding Round
- AI News | VentureBeat: $40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear
- InnovationAus.com: OpenAI has closed a significant $40 billion funding round, led by SoftBank Group, pushing its valuation to $300 billion.
- Maginative: OpenAI Secures Record $40 Billion in Funding, Reaching $300 Billion Valuation
- www.theguardian.com: OpenAI said it had raised $40bn in a funding round that valued the ChatGPT maker at $300bn – the biggest capital-raising session ever for a startup.
- The Verge: OpenAI just raised another $40 billion round led by SoftBank
- SiliconANGLE: OpenAI bags $40B in funding, increasing its post-money valuation to $300B
- techxplore.com: OpenAI says it raised $40 bn at valuation of $300 bn
- THE DECODER: OpenAI nears completion of multi-billion dollar funding round
- Kyle Wiggers ?: OpenAI raises $40B at $300B post-money valuation
- THE DECODER: Softbank leads OpenAI's $40 billion funding round
- Verdict: OpenAI has secured a $40 billion funding round, marking the biggest capital raising ever for a startup, with a $300 billion valuation. The deal is led by SoftBank and backed by leading investors.
- Crunchbase News: OpenAI secured $40 billion in funding in a record-breaking round led by SoftBank, valuing the company at $300 billion.
- bsky.app: OpenAI has raised $40 billion at a $300 billion valuation. For context, Boeing has a $128 billion market cap, Disney has a $178 billion market cap, and Chevron has a $295 billion market cap.
- Pivot to AI: OpenAI signs its $40 billion deal with SoftBank! Or maybe $30 billion, probably
- TechInformed: OpenAI has raised more than $40 billion in a fundraise with Japanese telco SoftBank and other investors, valuing the ChatGPT company at more than $300bn.… The post appeared first on .
- CyberInsider: OpenSNP to Shut Down and Delete All User-Submitted DNA Data
- www.techrepublic.com: OpenAI Secures $40B in Historic Funding Round — But There’s a $10B Catch
- techstrong.ai: OpenAI has secured up to $40 billion in a record new funding round led by SoftBank Group that would give the artificial intelligence (AI) pioneer a whopping $300 billion valuation as it ramps up AI research, infrastructure and tools.
- SiliconANGLE: OpenAI to launch its first ‘open-weights’ model since 2019
- venturebeat.com: OpenAI to release open-source model as AI economics force strategic shift
- AI News: Study claims OpenAI trains AI models on copyrighted data
- Charlie Fink: OpenAI raises $40 billion, Runway’s $380 million raise and its stunning Gen-4 AI model, Anthropic warns AI may lie, plus vibe filmmaking with DeepMind.
- thezvi.wordpress.com: Greetings from Costa Rica! The image fun continues. We Are Going to Need A Bigger Compute Budget Fun is being had by all, now that OpenAI has dropped its rule about not mimicking existing art styles.
Matt Marshall@AI News | VentureBeat
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Anthropic has recently secured a substantial $3.5 billion in funding, catapulting the company's valuation to $61.5 billion. This significant investment underscores the robust investor confidence in Anthropic's AI technology and its capacity for future growth. The funding positions Anthropic as a major player in the competitive landscape of advanced AI, rivaling industry leaders like OpenAI. The company has been making notable strides, particularly with its Claude 3.7 Sonnet model, which has demonstrated impressive coding performance and is increasingly becoming the coding agent of choice for enterprise companies.
Alongside this financial boost, Anthropic's Claude 3.7 Sonnet has been setting new benchmarks in AI coding. The model achieved a notable score of 70.3% on the SWE-bench benchmark, surpassing competitors like OpenAI's o1 and DeepSeek-R1. Furthermore, Anthropic launched Claude Code, an AI coding agent designed to accelerate application development. CEO Dario Amodei has even suggested that AI could potentially replace 90% of developers in a mere six months, automating nearly every coding task.
Recommended read:
References :
- Silicon Canals: After Claude 3.7 Sonnet launch, Anthropic secures €3.3B funding, valuation soars to €58.3B
- THE DECODER: Anthropic raises $3.5 billion in new funding, valuing the AI company at over $60 billion
- venturebeat.com: Anthropic raises $3.5 billion, reaching $61.5 billion valuation as AI investment frenzy continues
- GeekWire: Anthropic, which opened a Seattle office last year, now valued at $61.5B after raising $3.5B
- siliconangle.com: Anthropic raises $3.5B at $61.5B valuation to advance its AI research
- techcrunch.com: Anthropic raises $3.5B to fuel its AI ambitions
- Last Week in AI: Our 202nd episode with a summary and discussion of last week's big AI news! Recorded on 03/07/2025 Hosted by and . Feel free to email us your questions and feedback at and/or Read out our text newsletter and comment on the podcast at . https://discord.gg/nTyezGSKwP In this episode: Alibaba released Qwen-32B, their latest reasoning model, on par with leading models like DeepMind’s R1. Anthropic raised $3.5 billion in a funding round, valuing the company at $61.5 billion, solidifying its position as a key competitor to OpenAI. DeepMind introduced BigBench Extra Hard, a more challenging benchmark to evaluate the reasoning capabilities of large language models. Reinforcement Learning pioneers Andrew Bartow and Rich Sutton were awarded the prestigious Turing Award for their contributions to the field.
- Last Week in AI: Anthropic raised $3.5 billion,DeepMind introduced BigBench Extra Hard, and more!
- GZERO Media: The GZERO Media discusses the Justice Department ending its attempt to make Google sell off its stakes in Anthropic.
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DeeperML - #aifunding