Robotics and Enterprise AI Megarounds Push Weekly Total Past $2B

Massive late-stage rounds for robotics developer Field AI and enterprise automation platform EliseAI dominated the week, signaling strong investor conviction in capital-intensive, real-world AI applications. While these two sectors captured the lion's share of funding, a high volume of over 40 deals across diverse areas such as healthcare, cybersecurity, and developer tools highlights broad and ongoing investment in AI's vertical integration.

Total capital raised: ~$2.1 Billion

Number of deals: 42

Largest round(s):

  • Databricks (AI Infrastructure & Foundational Models): $1B

  • Field AI (Robotics & Physical AI): $405M

Top 3 most-funded sectors:

  • AI Infrastructure & Foundational Models: $1.075B

  • Enterprise AI Solutions: $719.6M

  • Robotics & Physical AI: $675M

Let’s dig in. 👇

AI Funding Rounds

AI Infrastructure & Foundational Models
  • Databricks is closing a series K round of about $1 billion at a $100 billion valuation. The oversubscribed round will fund two key projects: Lakebase, a new database specifically for AI agents, and Agent Bricks, an AI agent platform focused on reliable, practical enterprise automation, positioning the company to compete directly with database giants like Oracle and AI labs. TechCrunch 

  • Lambda, a cloud infrastructure firm backed by Nvidia, is in talks for a new funding round that could value the company at $4 billion to $5 billion. The financing would follow a $480 million Series D in February and support the expansion of its cloud platform, potentially ahead of an IPO as soon as the end of the year. Bloomberg

  • Former Twitter CEO Parag Agrawal’s new startup, Parallel AI, secured $30 million series A funding from investors including Khosla Ventures, First Round Capital, and Index Ventures. The company is building a new internet ecosystem designed for AI agents to directly request, understand, and utilize online information, aiming to become a core utility for the AI industry. Patrika English News

  • Anthropic is nearing a deal to raise as much as $10 billion in a new funding round led by Iconiq Capital, a significant increase from the previously reported $5 billion target. The new capital, which follows a $3.5 billion series E round earlier this year that valued the company at $61.5 billion, will be used to compete with rivals OpenAI and xAI in building next-generation AI models and expanding data center capacity. Bloomberg

  • Crusoe Energy Systems, an AI data center provider, is in talks to raise approximately $1 billion in a mix of equity and debt, at a valuation near $10 billion. The funding would support the massive capital requirements for building AI infrastructure, including its role as a lead architect for OpenAI and Oracle's "Stargate" AI data center project. Bloomberg

  • Upstage, a South Korean AI company specializing in enterprise-grade generative AI, announced a $45 million Series B bridge round with backing from Amazon and AMD. The funding brings its total capital raised to $157 million and will be used to accelerate the development of its "Solar" language model and its Document AI products. Upstage

AI Developer Tools & Platforms
  • Functionize, a startup providing an AI platform for automated software testing, raised $41 million in a Series B round led by Mumford Investments and LHH Investments. The funding will help scale its platform, which uses natural language to generate test scripts and automates up to 90% of the manual work involved in finding software bugs for clients like GE Healthcare and ServiceNow. SiliconANGLE

  • Firecrawl, an AI-powered web crawler for developers, raised $14.5 million in a Series A round led by Nexus Venture Partners. The profitable company, whose open-source tool is used by 350,000 developers, provides structured, machine-readable data from websites for training LLMs and powering AI agents for customers like Shopify, Replit, and Zapier. TechCrunch

  • TensorZero, a startup building open-source infrastructure for enterprise LLM applications, raised $7.3 million in seed funding led by FirstMark. The company provides a unified, production-grade stack for orchestrating complex AI systems, aiming to solve the "LLMOps" challenge and eliminate the need for enterprises to stitch together multiple vendor tools. VentureBeat

  • Zipline AI, a data platform for developing and deploying AI products, raised $7 million in Seed funding led by Wing VC. The capital will be used to scale its platform, which is designed to accelerate AI/ML development cycles, reduce workflow complexity, and lower infrastructure costs for enterprise teams. FinSMEs

  • Swept AI, a startup building a platform to supervise and interrogate agentic AI systems, raised a $1.4 million Pre-Seed round led by M25. The company is developing critical infrastructure to ensure AI agents operate reliably, securely, and in compliance, addressing risks in high-stakes industries such as finance and healthcare. Ann Arbor SPARK

  • Zed Industries, creator of the high-performance open-source code editor Zed, raised $32 million in a Series B round led by Sequoia Capital. The funding will accelerate the development of new features that enable real-time collaboration between developers and AI agents directly within the IDE, bringing the company’s total funding to over $42 million. Business Wire

Enterprise AI Solutions
  • Pylon, an AI-powered operating system for B2B support teams, raised $31 million in a Series B co-led by a16z and Bain Capital Ventures, bringing its total funding to $51 million. The company is reinventing B2B support by moving beyond traditional ticketing to a conversational, AI-driven platform that unifies the entire post-sales operation for over 750 customers, including Cognition and AssemblyAI. Pylon Blog

  • EliseAI, an enterprise software maker that automates workflows in the real estate and healthcare industries, raised $250M in Series E funding. The round, led by Andreessen Horowitz, pushes the company's valuation to over $2.2B and will be used to double its workforce and accelerate product innovation. Tech Funding News

  • Titan, an AI holding company, came out of stealth with $74 million in series D funding led by General Catalyst. The company plans to acquire IT Managed Service Providers (MSPs) and augment their operations with its proprietary AI platform. As part of its launch, Titan also announced its first acquisition, financial services-focused MSP RFA. CRN

  • TinyFish, a Palo Alto-based startup building AI-powered web agents to automate online tasks, raised $47 million in a Series A round led by Iconiq Capital. The funding will help the 25-person team scale its platform, which simulates human-like browsing to gather data for enterprise customers, initially focusing on the retail and travel sectors. The Economic Times

  • Phoebe, a UK startup deploying AI agents to diagnose and fix software failures, raised $17 million in a seed funding round backed by GV (formerly Google Ventures) and co-led by Cherry Ventures. The company was founded by former Stripe Europe executives who previously sold their first startup to Google. Tech.eu

  • Paradigm, a startup building an AI-native spreadsheet, raised a $5 million seed round led by General Catalyst. The platform embeds an AI agent into every cell to automate data entry, research, and complex workflows for users ranging from consultants to sales professionals. TechCrunch

  • Seemplicity, an Israeli cybersecurity startup, raised a $50 million Series B round led by Sienna Venture Capital. The company’s AI-powered platform automates vulnerability management by aggregating, prioritizing, and assigning remediation tasks, aiming to reduce manual workloads and cut through "exposure noise" for security teams. Calcalistech

  • Definite, a provider of an AI-native data platform, raised $10 million in seed funding led by Costanoa. The company combines a data lake, ETL, and business intelligence into a single AI-powered solution built on open-source technologies, aiming to help enterprises generate business insights more quickly. FinSMEs

  • Ontic, a software platform for connected security intelligence, raised $230 million in a Series C round led by KKR. The funding will accelerate the company′s investment in AI to provide faster threat detection and automation for enterprise and public sector security teams. BusinessWire

  • Agenda Hero, an AI platform that automates manual calendar work, has launched with $5.6 million in seed venture funding led by Upfront Ventures. The company's conversational AI tool, Magic Chat, turns unstructured notes, PDFs, and images into structured calendar events that can be shared and automatically synced. Morningstar

AI for Legal, Finance, and Professional Services
  • LawPro.ai, a Los Angeles-based legal technology company, has closed its Seed Series funding round, led by Scopus Ventures. The investment will fund the development of its AI solutions for the injury claims industry, which includes patented technology that automatically detects and corrects hallucinations in AI-generated medical record analysis. LegalTech Talk

Healthcare & Life Sciences AI
  • Medallion, an AI-powered platform that automates back-office administrative tasks for healthcare organizations, raised $43 million in a series C funding round led by Acrew Capital. The investment will scale its infrastructure for automating credentialing, enrollment, and compliance, aiming to reduce the $1.2 billion in annual waste from redundant provider onboarding. SiliconANGLE

  • Eight Sleep, a company developing AI-powered sleep technology, raised a fresh $100 million series D round from investors including Founders Fund and Valor Equity Partners. The funding will expand its product roadmap, which includes smart mattresses that adjust temperature and firmness, and a new "Sleep Agent" that uses AI to create digital twins of users to proactively optimize recovery. TechCrunch

  • Develop Health, a San Francisco-based benefits verification and prior authorization platform, secured $14.3 million in a Series A round led by Wing Venture Capital. The company will use the funds to expand integrations of its generative AI platform, which automates medication access workflows, into EHR and PBM systems. MobiHealthNews

  • Convoke, an AI-native operating system for biopharma, raised $8.6 million in seed capital in a round led by Kleiner Perkins and Dimension Capital. The company’s platform uses AI agents and custom workflows to automate and accelerate drug development tasks, including competitive intelligence, data analysis, and regulatory document generation. Yahoo Finance

  • Cascala Health raised $8.6 million in seed capital to develop AI tools that summarize patient data to improve post-hospital care. The company’s platform aims to automate the synthesis of complex patient records, reducing administrative burdens and the risk of errors to support better care coordination after discharge. Complete AI Training

  • restor3d, a leader in 3D-printed personalized orthopedic implants, raised $104M in its first institutional investment, led by Partners Group. The funding, which includes $65M in new equity, will be used to fuel product innovation and expand commercial access to the company's AI-driven design software and patient-specific implants. Business Wire

  • Wisdom, an AI-powered revenue cycle management (RCM) platform for the dental industry, raised $28M in total funding, including a $21M Series A led by Permanent Capital Ventures. The company combines AI agents with human billing experts to help dental practices maximize revenue collection and reduce administrative burdens. Business Wire

  • Method AI, a Boston-based startup, raised $20M in a Series A round led by a private family office to support its novel surgical ultrasound platform. The company's technology uses AI and 3D ultrasound imaging to create subsurface maps of organs, providing surgeons with real-time guidance during complex procedures. MassDevice

FinTech AI
  • IVIX, an AI-powered platform that helps governments combat financial crime, raised a $60 million Series B led by O.G. Venture Partners, bringing its total funding to $85 million. The company uses LLMs and graph analytics to index the internet and uncover illicit financial activity, helping authorities identify billions in offshore assets. Fintech Finance News

  • Casca, an AI-native loan origination platform, raised $29 million in a Series A round led by Canapi Ventures, bringing its total funding to $33 million. The company, which automates commercial loan processing for financial institutions, will use the capital to scale operations and expand its team. PR Newswire

Creative, Media & E-commerce AI
  • BetterPic, a European AI imaging startup, raised a $2.5 million seed round led by MOC Capital and Shilling VC. After bootstrapping to $3 million in annual revenue, the company will use the funds to scale its B2B offerings, which include AI-generated professional headshots and enterprise-grade fashion photo shoots. EIN Presswire

  • Spike AI raised $1.9 million in a Pre-Seed round to build its "marketing brain" platform. The company aims to consolidate fragmented marketing tools into a single, AI-driven system that autonomously analyzes channels and implements growth strategies, promising outcomes "10x faster" than traditional agency workflows. Entrepreneur

  • Bluefish, an AI marketing platform designed for Fortune 500 brands, raised $20 million in a Series A round led by NEA and Salesforce Ventures. The company helps advertisers monitor and optimize how their brands are portrayed in AI-powered search and discovery channels like ChatGPT, bringing its total funding to $24 million. AdExchanger

Robotics & Physical AI
  • Field AI, a robotics startup backed by Bill Gates, raised $405 million series D in two funding rounds from investors including Nvidia's venture arm and Jeff Bezos' family office. The latest round values the two-year-old startup at $2 billion. The company builds "foundational embodied AI models" to control robots across sectors like construction, energy, and logistics. CNBC

  • Nuro, a developer of self-driving software for delivery and ride-hailing services, added $97 million to its Series E round, bringing the total to $203 million. New investors include Nvidia and Uber, which is also partnering with Nuro for a future robotaxi service. The round values the company at $6 billion. TechCrunch

  • German unmanned weapons startup Stark raised $62 million in a series C funding round led by Sequoia Capital, boosting its valuation to $500 million. The company, which develops AI-powered loitering munitions (weaponized drones), has attracted interest from the NATO Innovation Fund and In-Q-Tel (the CIA's venture arm). Tech Funding News

  • Nuro, a developer of autonomous driving technology, closed a $203 million Series E funding round at a $6 billion valuation. The round included new investments from Uber and NVIDIA, and follows a partnership with Uber and Lucid to launch a next-generation global robotaxi service. Nuro

  • Halo, a startup founded by two Harvard dropouts, raised $1million in a round led by Pillar VC to develop "always-on" AI-powered smart glasses. The glasses are designed to listen to, record, and transcribe conversations to provide the wearer with real-time information and feedback. TechCrunch

  • Oway, a Y Combinator-backed startup building a decentralized "Uber for freight," raised a $4M seed round from investors including General Catalyst. The company uses AI and data from electronic logging devices to match cargo with empty space on semi-trucks already on the road, aiming to reduce shipping costs and inefficiency in the logistics industry. TechCrunch

Specialised AI Niches
  • Kasa, a property management technology company for boutique hotels and apartment-style lodging, raised $40 million in a growth investment round led by Silver Lake Waterman. The funding will be used to further develop its proprietary hospitality operations system with AI, aiming to provide independent hoteliers with the advanced technology and operational backbone of larger brands. PhocusWire

  • Tote.ai, developer of an AI-native point-of-sale system for fuel and convenience stores, raised $22.6 million in a series B round led by Cota Capital. The company is modernizing the $837+ billion convenience retail industry with a unified system that creates a seamless shopping experience from the gas pump to the in-store checkout, using AI to drive personalized promotions. PR Newswire

  • Innerworks, a London-based cybersecurity startup, raised €3.7 million ($4 million) in seed funding led by AlbionVC. The company is developing a platform that uses "Synthetic Threat Intelligence" to detect AI-generated synthetic interactions and deepfake-driven fraud with 97% accuracy, aiming to create an "immune system for the internet." EU-Startups

  • Ohai.ai, an AI-powered household assistant service, raised a new round of funding co-led by Muse Capital. The investment, which includes backing from prominent figures like Mindy Kaling and Olivia Munn, will be used to expand its tool that helps families coordinate calendars, logistics, and reminders to reduce mental load. FinSMEs

  • CourseRev.ai, a technology company serving the golf industry, secured a strategic seed investment from The Walden Golf Group, which owns and operates over 20 golf courses. The funding will be used to expand the rollout of CourseRev.ai's Voice AI concierge, which automates tee time bookings and other course management tasks. Crowdfund Insider

  • Snap has reportedly begun discussions to raise outside capital to support its Spectacles AR glasses project. The company is exploring ways to compete with deeper-pocketed rivals like Meta, including the possibility of spinning off the Spectacles division to fund its long-term AR ambitions. MSN

AI Mergers & Acquisitions

  • CentralReach, a provider of software for autism and intellectual and developmental disabilities (IDD) care, acquired SpectrumAi and AI.Measures. The two companies bring capabilities in clinical assessment, video data capture, and predictive analytics that will accelerate CentralReach's strategy to provide AI-enabled, outcomes-based care. ROI-NJ

  • Crusoe, an AI infrastructure provider, is acquiring Atero, a one-year-old Israeli startup that develops technology to manage and optimize GPUs for AI workloads. The cash-and-stock deal is valued at approximately $150M. Atero's 25 employees will become Crusoe's R&D center in Israel. Calcalistech

  • Visma, a European business software provider, acquired milia.io and Taxy.io, two German startups that use AI to automate workflows for accountants and tax advisors. The acquisitions strengthen Visma’s presence in the DACH region and are part of its broader strategy to integrate AI into its suite of mission-critical business software. Tech.eu

  • Databricks announced its acquisition of Tecton, a Sequoia-backed machine learning startup, to expand its AI agent offerings. The deal, which follows Databricks' recent announcement of a new funding round at a valuation over $100B, will integrate Tecton’s real-time data technology into the "Agent Bricks" platform to accelerate response times for AI applications. Reuters

AI Funds & Capital Pools

  • Cybernetix Ventures, a Boston-based early-stage venture capital firm, announced its second fund with a target of $100 million. The new fund will focus on investing in robotics, automation, and physical AI technology companies in sectors including manufacturing, logistics, construction, and healthcare. PR Newswire

Corporate & National AI Initiatives

  • SoftBank has agreed to make a $2 billion strategic investment in Intel, buying common stock at $23 per share. The investment signals a strong belief in the future of U.S. semiconductor manufacturing and provides validation for Intel as it restructures under new leadership to compete in the AI chip market. TechCrunch

  • Meta is reorganizing its central AI organization into four new groups, an internal shift announced by newly appointed chief AI officer Alexandr Wang, founder of Scale AI. The move follows concerns that Meta was being outpaced by rivals like OpenAI and Google DeepMind and is designed to accelerate its AI development and integration efforts. TechCrunch

  • General Motors has been building a new, elite AI team by hiring nearly a dozen experts from top tech companies, including Google, Meta, and AWS. Led by GM's first chief AI officer, Barak Turovsky, the team will focus on developing in-house AI capabilities for factory "cobots," autonomous vehicles, and generative AI coding tools. The Wall Street Journal

  • Meta Platforms has paused hiring for its new AI division, dubbed "Meta Superintelligence Labs," just weeks after a major internal reorganization and a high-profile talent acquisition spree. The company stated the pause was for "basic organizational planning" as it creates a solid structure for its new superintelligence efforts. CNBC

  • The U.S. government plans to take a 10% equity stake in Intel as part of a strategic partnership, President Donald Trump announced. The move, which would be a dramatic departure from long-standing U.S. policy, comes just days after SoftBank agreed to a $2B investment in the chipmaker to bolster domestic semiconductor capabilities. TechCrunch

  • South Korea has made AI investment a top policy priority to combat flagging economic growth. The government plans to launch policy packages for 30 major AI and innovation projects and will create a 100 trillion won ($71.56 billion) fund with the private sector to invest in strategic technologies, including AI for robotics, automotive, and chips. Reuters

  • Apple is in early discussions to use Google's Gemini AI to power a revamped version of its Siri voice assistant. The potential partnership comes as Apple seeks to catch up in generative AI after its internal efforts to upgrade Siri were delayed by engineering setbacks. The company has also held talks with Anthropic and OpenAI. Bloomberg

  • Apple is rolling out new enterprise tools that will give businesses more granular control over employee access to AI features. The update, arriving in September, will allow IT administrators to configure the use of OpenAI’s ChatGPT for Enterprise and other "external" AI providers, leaving the door open for future partnerships beyond OpenAI. TechCrunch

AI Market Research & Reports

  • An MIT study on generative AI in the workplace uncovered a booming "shadow AI economy." The research found that while only 40% of companies have official LLM subscriptions, employees at over 90% of companies use personal AI tools for daily tasks, often without IT approval. Furthermore, 95% of formal corporate AI initiatives have had zero impact on profit and loss statements. Fortune

  • Analysis from Renaissance Macro Research suggests that massive AI spending from tech giants is having a "crowding out" effect on other economic sectors. The report notes that AI capital expenditures, projected to be $400B this year from Alphabet, Microsoft, Amazon, and Meta alone, are contributing more to GDP growth than consumer spending and are straining resources like electricity and construction, potentially hindering homebuilding. Fortune

  • A new Reuters/Ipsos poll reveals widespread public concern over AI's societal impact. The survey found that 71% of Americans fear AI will cause permanent job losses, and 77% worry that the technology could be used to incite political chaos. A majority (61%) are also concerned about the amount of electricity required to power the rapidly growing technology. Reuters

  • A market report from BestBrokers shows that AI investments totaled $122 billion in the first half of 2025, with Q2 funding reaching $50 billion. This represents a decline from a peak of $73.1 billion in Q1 but remains historically high. The largest transaction in Q2 was Meta's $14.3 billion investment for a 49% stake in data-labeling company Scale AI. MSN

  • The U.S. remains the dominant leader in AI investment, with $109.1 billion in private funding in 2024, according to the Stanford AI Index Report. This figure is nearly 12 times China's $9.3B and 24 times the U.K.'s $4.5B. In the first half of 2025, AI deals accounted for 64% of all startup deal value, with U.S. tech giants Meta, Microsoft, Amazon, and Alphabet planning to spend a combined $400B on AI this year. Seeking Alpha

  • AI-related companies have raised $118 billion as of August 15, already surpassing the $108 billion raised in all of 2024, according to Crunchbase data. Funding has more than doubled over the same period last year, and 48% of all global venture funding in 2025 has been invested in AI-related companies, up from a third in 2024. Crunchbase News

  • A new survey from Omnisend found that 59% of American consumers use generative AI tools for online shopping tasks like product research and finding deals. While 85% report concerns about privacy and AI fatigue, consumer acceptance of AI handling purchases has nearly doubled in five months, with only 32% now reluctant, compared to 66% in February. PR Newswire

  • A report from Dynamic Business highlights that AI startups attracted $121.9 billion in funding in the first six months of 2025, nearly matching the entire 2024 total. North America captured 63% of this global funding, with mega-deals in infrastructure and foundational models creating a two-tier market where early-stage, application-layer startups face increasing pressure. Dynamic Business

  • A new MIT study from the "State of AI in Business 2025" report finds that 95% of generative AI pilots in the enterprise deliver zero return on investment. The report, based on 300 public deployments and over 150 executive interviews, concludes that most organizations are stuck in a "GenAI Divide," where AI experiments fail to scale into integrated workflows. Forbes

Public Market & IPO Watch

  • Billionaire investor Bill Ackman's Pershing Square Capital Management made a significant new investment in Amazon, buying 5.82 million shares valued at over $1.3B. The hedge fund also increased its stake in Alphabet by 21%. The two tech giants now represent nearly a quarter of Pershing Square's portfolio, signaling a strong conviction in their AI-driven growth. TheStreet

  • According to Wall Street analysts, several AI-focused software stocks could see significant gains over the next 12 months. Consensus price targets imply a 45% upside for Salesforce following its push into AI tools and its planned acquisition of Informatica. Analysts also project a 59% gain for HubSpot and a 61% gain for monday.com as they embed more AI features into their platforms. The Motley Fool

  • An analysis highlights five key AI stocks positioned for long-term growth: Nvidia, Taiwan Semiconductor Manufacturing (TSMC), Amazon, Meta Platforms, and Alphabet. The report emphasizes the foundational roles these companies play, from providing essential computing power (Nvidia, TSMC) and cloud infrastructure (Amazon) to leveraging AI for advertising and search (Meta, Alphabet). The Motley Fool

  • An analysis of the Invesco QQQ Trust (QQQ) ETF highlights its role as a vehicle for AI investment, with prominent hedge funds like Citadel Advisors and Millennium Management adding to their positions. The fund is heavily weighted toward tech stocks, which make up over 60% of its holdings, including Nvidia (10%), Microsoft (8.74%), and Apple (7.83%). The Motley Fool

  • KeyBanc Capital Markets previewed Nvidia's upcoming earnings, noting that a key question will be whether the company includes revenue from China in its guidance amid uncertainty around US export licenses. KeyBanc raised its Q2 revenue estimate for Nvidia to $47.1 billion but warned that guidance for Q3 could be conservative. Yahoo Finance

People Moves in AI

  • Lior Ron, the founder and CEO of Uber Freight, is leaving his role to become the chief operating officer at self-driving truck startup Waabi. The move reunites Ron with Waabi founder Raquel Urtasun, who was formerly Uber's chief scientist for self-driving research. Ron will be replaced as head of Uber Freight by Tesla veteran Rebecca Tinucci. Benzinga

  • Peter Lenke, the former head of Atlassian Ventures, has joined Microsoft's corporate venture capital fund, M12, as a managing partner. At M12, Lenke will focus on investments in AI, enterprise software, and the application layer, targeting companies from seed to Series B stages. Global Venturing

  • Anne Neuberger, formerly a senior cybersecurity official in the Biden White House, is joining Andreessen Horowitz as a senior adviser. At the venture capital firm, she will focus on "American Dynamism, AI, and cyber," advising on investments that aim to bolster U.S. national security and resilience. Bloomberg

Other Noteworthy AI News

  • Amid voracious investor demand, Anthropic is clamping down on the use of special purpose vehicles (SPVs) in its current $5 billion fundraising round, which values the company at $170 billion. The AI startup has informed investors like Menlo Ventures that they must use their own capital, signaling Anthropic's increasing leverage to dictate investment terms and its preference for direct relationships with tier-one VCs. Business Insider Africa

  • Texas Attorney General Ken Paxton has launched an investigation into Meta and Character.AI for allegedly deceptive trade practices, accusing the companies of misleadingly marketing their chatbots as mental health tools to vulnerable users, especially children. The probe raises concerns about privacy, data abuse, and the lack of medical oversight for AI tools posing as therapeutic support. TechCrunch

  • OpenAI CEO Sam Altman warned that the AI market could be in a bubble, stating that investors as a whole are "overexcited" about the technology in a dynamic similar to the dot-com boom. His comments come as OpenAI is reportedly preparing to sell $6 billion in stock in a secondary sale that would value the company at roughly $500 billion, despite being on track for $20 billion in annual revenue while remaining unprofitable. CNBC 

  • OpenAI CFO Sarah Friar announced the company logged its first $1billion revenue month in July, even as it faces "voracious" demand for computing power. The milestone follows reports that OpenAI is on track to triple its revenue to $12.7 billion this year and comes as CEO Sam Altman stated the company expects to spend trillions on data centers to meet future demand. CNBC

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