ChainCatcher news, according to Bitcoin.com, San Francisco-based data analytics and artificial intelligence (AI) company Databricks has raised $5 billion in its latest funding round, bringing the company's valuation to $55 billion. Sources indicate that Databricks plans to raise a total of $8 billion, which is expected to become the largest funding round of the year. Reports suggest that the latest funding round is aimed at allowing employees to sell shares, thereby reducing the need for an immediate initial public offering (IPO). However, while an IPO may not come soon, it is still possible to occur in the second half of 2025.Although the report did not disclose the identities of the investors participating in the latest funding round, it revealed the company's notable supporters, including Nvidia, Capital One, Andreessen Horowitz (a16z), Baillie Gifford, Fidelity, Insight Partners, and Tiger Global. In September 2023, Databricks raised $500 million in funding, with a company valuation of $43 billion.OpenAI currently holds the record for the largest funding round of 2024, raising $6.6 billion in October. Billionaire Musk's xAI also secured $5 billion in funding, bringing the company's valuation to $50 billion. Another AI startup, Anthropic, received $400 million in funding from Amazon, bringing its total funding to $8 billion.

ChainCatcher news, Web3 AI company Eidon has completed a $3.5 million seed round financing, led by Framework Ventures, with participation from the Cayman Islands venture capital firm cyber.Fund. The company plans to use the seed funding to develop its team.Eidon encourages users to provide data for training AI models. Users can submit new data, such as fine hand movements or object interactions, while others can verify the authenticity of the data through an upcoming blockchain audit. Eidon’s first network version will go live on November 12. This network includes a platform application for data evaluation and collection, as well as an open sequencer for record preservation.

ChainCatcher news, according to The Block, AI startup Pond, focused on the cryptocurrency field, has raised $7.5 million in a seed round, led by Archetype, with other investors including PAKA, Cyber Fund, Delphi Ventures, Coinbase Ventures, Near Foundation, and several angel investors.According to RootData, Pond is a large cryptocurrency AI model that recommends tokens with similar on-chain behaviors to users. Pond's AI model can identify patterns and trends in on-chain data and behaviors, helping to identify investment opportunities.

ChainCatcher news, according to a press release, Web3 data and AI company Validation Cloud announced that it has raised $10 million in funding from True Global Ventures. The company plans to use this funding to expand its AI products and achieve seamless access to Web3 data.According to the introduction, the company's product platform consists of three parts: staking, node API, and data and AI. In terms of staking, Validation Cloud's staked assets have exceeded $1 billion. Some of Validation Cloud's clients include Chainlink, Aptos, Consensys, Stellar, and Hedera.

ChainCatcher news, Bitcoin mining company Core Scientific announced an expansion of its hosting contract with artificial intelligence computing company CoreWeave, adding 120 megawatts (MW) of power for high-performance computing (HPC) operations, bringing the total capacity to 500 MW. This collaboration is expected to generate $8.7 billion in revenue for Core Scientific over the next 12 years. All infrastructure upgrades will be funded by CoreWeave, with an investment amounting to $180 million. This expansion will help Core Scientific further diversify its revenue sources and enhance its AI service capabilities following its bankruptcy restructuring.

ChainCatcher news, according to TechCrunch, Elon Musk's artificial intelligence startup xAI has recently moved into a new office in San Francisco's Mission District: located in the same building as OpenAI's headquarters, which had been based there for many years.Musk's lawyer recently claimed in a lawsuit that he initially rented this office while working as an employee of OpenAI and has been paying for it ever since. Reports indicate that Musk listed the building for sublease in August, while OpenAI moved to a new office just four blocks away.On Tuesday evening, xAI held an open house event in the new office, just a few hours after OpenAI's developer day event concluded. xAI employees told an attendee that they had just moved into the office on Monday, but would still be working most of the time at xAI's office in Palo Alto.Musk recently stated that he would be moving his companies from California to Texas, but xAI may be an exception.

ChainCatcher news, UAE blockchain and artificial intelligence company Capstone Technology has completed a $5.45 million funding round to advance its GAYA blockchain project. The project aims to create a network for entrepreneurs in the gaming, AI, and entertainment sectors. Capstone Technology plans to use the funds to manage technological assets, develop Web3 applications, expand regional influence, and improve its platform.

ChainCatcher news reports that sources say the startup Poolside, which develops artificial intelligence for software writing, is in talks for a new round of financing that would give it a valuation of $3 billion before the release of its initial product.According to sources, the company is looking to raise nearly $500 million. Poolside's existing investor Bain Capital Ventures is negotiating to lead this round of investment. Neither Poolside nor Bain Capital Ventures has commented.Poolside was founded in early 2023 by former GitHub CTO Jason Warner and software entrepreneur Eiso Kant. After raising $126 million in seed funding, the startup moved to France last year. Additionally, two other Paris-based startups, Mistral AI and H, have also secured significant funding to create generative AI models.

ChainCatcher news, Web3 artificial intelligence company Network3 has completed a total of $5.5 million in pre-seed and seed round financing. Investors include Borderless Capital, EV3, IoTeX Eco fund, SNZ, Waterdrip Capital, and Bing Ventures. The company plans to use its funding to expand its team and continue developing its technology stack.It is reported that Network3 is building a decentralized edge artificial intelligence infrastructure, currently with 250,000 online nodes globally, covering 184 countries and regions. Users can provide inference, fine-tuning, and training services for edge AI models by sharing bandwidth, computing power, datasets, etc., in exchange for token rewards. At the same time, Network3 plans to release physical mining machines in the coming months.

According to ChainCatcher, citing sources familiar with the matter, Silicon Valley venture capital firm Menlo Ventures is one of the largest investors in AI company Anthropic, participating in a yet-to-be-announced funding round exceeding $750 million.Previous news, Anthropic and venture capital firm Menlo Ventures jointly launched a $100 million artificial intelligence fund.

ChainCatcher news, according to market news, SoftBank will support the artificial intelligence startup Perplexity with a valuation of 3 billion dollars. (Jin Shi)

ChainCatcher news, according to TechinAsia, OpenAI co-founder Ilya Sutskever has founded a new artificial intelligence company called Safe Superintelligence. The company was co-founded by Ilya Sutskever, former Apple AI chief and co-founder of the social app Cue, Daniel Gross, and former OpenAI researcher Daniel Levy.The Safe Superintelligence website states: "Our singular focus means we won't be distracted by management overhead or product cycles, and our business model means that safety, security, and progress are not subject to short-term commercial pressures."It is reported that Safe Superintelligence has offices in Palo Alto and Tel Aviv.

ChainCatcher news, North American Bitcoin mining and hosting service provider Core Scientific announced that it has signed a series of 12-year contracts with AI super-scale company CoreWeave. The agreement is expected to generate an average annual revenue of approximately $290 million, with total cumulative revenue exceeding $3.5 billion over the 12-year period.According to the contract, CoreWeave will fund all capital investments required to modify Core Scientific's existing infrastructure. To offset costs, CoreWeave plans to provide Core Scientific with a loan of approximately $300 million, which will be gradually deducted from its monthly hosting fees.

ChainCatcher news, according to the official announcement, Elon Musk's artificial intelligence company xAI has completed a $6 billion Series B funding round, with participation from Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management and Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding.In the coming months, xAI will continue to move forward along the path of rapid progress and will soon announce several exciting technological updates and products. The proceeds from this funding will be used to bring xAI's first products to market, build advanced infrastructure, and accelerate research and development of future technologies.xAI's primary goal is to develop advanced AI systems that are real, capable, and maximally beneficial to all of humanity. The company's mission is to understand the true nature of the universe.

ChainCatcher news, AI company Rabbit denied the allegations made by YouTube investigator Coffeezilla, stating that it has always been open about rebranding and shifting towards an AI business.Rabbit stated that the Gama NFT project is independent of itself, and the Gama project has ended after being open-sourced.In addition, Rabbit's founder Jesse Lyu is an experienced entrepreneur who has been involved in multiple projects, including Gama. The company also responded to Coffeezilla's criticisms of the Rabbit R1 product.

ChainCatcher news, Cointelegraph reports that YouTube investigator Stephen Findeisen (also known as Coffeezilla) has accused the AI company Rabbit of orchestrating an NFT scam and attempting to cover it up.On May 21, Findeisen released a video exposing that Rabbit AI was formerly known as Cyber Manufacture Co., which raised $6 million for the NFT project Gama. However, years later, Rabbit AI founder and CEO Jesse Lyu claimed that his company "would never get involved in cryptocurrency" and stated that Gama was just a "little hobby project" during COVID-19.Findeisen presented recordings where Lyu described the grand vision of Gama. In the recordings, Lyu stated that they invested millions of dollars to ensure Gama became "an extraordinary experience." Findeisen also questioned the whereabouts of the $6 million raised for the Gama project, even though the company claimed that the funds were solely for the NFT project.Additionally, Findeisen pointed out that Rabbit's R1 product also faced issues of overhyping, with some considering it an "AI scam."

ChainCatcher news, according to The Information, Musk's AI company xAI is raising $6 billion in funding, with a valuation of $18 billion excluding this round of financing. This round of funding is backed by institutions such as Sequoia Capital.Insiders say that the financing is expected to be completed within the next two weeks. This round of funding represents the largest capital raise among startups competing to develop technologies similar to OpenAI and Anthropic, which can converse and create art like humans.

ChainCatcher news, decentralized AI platform SingularityNET co-founder Simone Giacomelli's newly established AI company Prem Labs has completed a $14 million seed round financing, with investors including Marvel Studios founder David Maisel, Sequoia Capital China co-founder Fan Zhang, Incubeta founder Alan Lipschitz, and others. David Maisel has been appointed as a member of the advisory board of Prem Labs.It is reported that Prem is committed to democratizing the creation of AI models, enabling businesses and individuals to train, deploy, and own their own AI models. According to LinkedIn, Simone Giacomelli served as co-founder of SingularityNET from June 2017 to June 2019.