Building the infrastructure for AI will cost the US 3.6% of its GDP annually, while venture capital in Europe has grown by 77%
Let’s kick off the week with some figures on where money is currently flowing within the AI sector.
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Hark has launched its AI assistant, Hark Pro, for everyone
Last week, Hark—a deal we opened to our investors at the end of September—launched its first application for a general audience. Hark Pro is available for free on the web, iOS, and Android.
Johns Hopkins has selected OpenEvidence, which is already used by 1.12 million medical professionals in the U.S.
Johns Hopkins Medicine is launching a partnership with OpenEvidence focused on clinical practice and physician training, reports Fierce Healthcare.
Pre-money and post-money: why a single round has two valuations
In August, Form Energy closed a $750 million funding round, and media outlets differed in their valuations: some reported $1.75 billion, while others cited "over $2 billion." Both figures are correct. They represent valuations for the sa...
Lambda raises the bar ahead of IPO: funding round of up to $4 billion at a $14.5 billion valuation
Great news for our investors who participated in the project back in 2023 or later!
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Big Tech profits from private AI companies twice — as a supplier and as a shareholder
Some analytical information on external (non-portfolio) companies for our readers
OpenEvidence and Anthropic launch medical AI in 100 countries
Anthropic and OpenEvidence are set to provide doctors in approximately 100 low- and middle-income countries with free access to an AI-powered clinical decision support tool, Reuters reports. The list of countries incl...
Eight banks are providing financing for the Form Energy plant - $270 million, with the potential to increase to $1 billion
Form Energy has secured a $270 million credit facility. Barclays structured the deal, with a syndicate comprising Citi, JPMorgan, Wells Fargo, Jefferies, RBC, Société Générale, and Stifel.
AI data centers will require $31.6 trillion by 2050, with the bulk of the spending going toward chips and servers
PwC, one of the world's "Big Four" audit firms, has published a forecast for AI infrastructure through 2050. Cumulative capital expenditure on data centers is estimated at $31.6 trillion, a figure that approaches $50 ...
Investing in startups for private investors: where the chance is, and where the trap is
In public markets, an investor at least sees the noise: candles, news, reports, the crowd’s reaction. In startups there is less noise — and that is exactly why silence can be confused with safety. A company may be gro...
How investors value startups: why revenue alone proves nothing
Investors like simple answers: revenue is growing, so the company is expensive; the market is large, so the upside is huge. In startups, this logic breaks quickly. Two companies with the same revenue can be worth comp...
Alternative investments for private investors: when they make sense
When public markets get nervous, an investor naturally wants to step away from the noise. Stocks move on rates, bonds argue with inflation, currencies live their own life — and against that backdrop, alternative inves...
New Hark Deal: Figure Founder’s AI Lab Valued at $6 Billion
We are pleased to introduce Hark to our investors. The company develops its own foundational AI models alongside the consumer devices designed to run them.
Revolut received its sixth banking license and applied for a seventh the very next day
Colombia’s financial regulator, the SFC, has granted Revolut an operating license—the final authorization needed for launch.
Crusoe has signed a multi-year agreement with Perplexity
Perplexity is moving its entire model workflow to Crusoe Cloud
Crusoe has opened a second plant in Tulsa, bringing the company's U.S. manufacturing footprint to 1 million square feet
The new Oklahoma facility added 400,000 square feet of space. Both Tulsa plants manufacture electrical components for AI infrastructure: medium-voltage switchgear, low-voltage switchboards, electrical enclosures, cont...
Lovable revalued up 21% for the quarter, now at $16 billion
We have revalued Lovable today following the increase in the company's market capitalization. At the time of the previous revaluation—about a quarter ago—it was valued at $13.2 billion; now, that figure stands at $16 ...
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