INVEST’s Post

#todayinsight: The top 10 most valuable unicorns as of October 24 Despite recent increases in valuation for generative artificial intelligence leader OpenAI and Elon Musk's aerospace venture SpaceX, ByteDance remains the highest-valued unicorn in the world. As reported by CB Insights, the Chinese parent company of TikTok boasts a staggering valuation of $225 billion, surpassing SpaceX's valuation of $200 billion and OpenAI's latest figure of $157 billion. Earlier recently, OpenAI secured $6.6 billion in new funding, nearly doubling its previous valuation of $80 billion from prior rounds. The rest of the top-ranking companies include players from various sectors, such as apparel (Shein and Fanatics), fintech (Stripe and Revolut), and software (Databricks). While OpenAI and Databricks are primarily focused on AI, ByteDance has also intensified its efforts in generative artificial intelligence. In line with Western tech giants like Meta and Alphabet, ByteDance launched a series of large language models branded as Doubao earlier this May, further solidifying its position as the leading unicorn globally. #globaltrade #globaleconomy Source: Statista https://lnkd.in/dKGJ23UR

#OpenAI recently raised the largest venture capital round in history ($6.6 billion), while Mark Zuckerberg has said #Meta will spend up to $65 billion on AI projects this year. Tech giants have been spending heavily on AI, and now it looks like a giant waste. #DeepSeek’s latest R1 model, released on Jan. 20, was built with just $6 million in raw computing power and inferior AI chips, a fraction of the money and resources spent by firms like OpenAI and Alphabet Inc.’s Google.  https://lnkd.in/ejK4V_it

𝗧𝗵𝗲 𝗠𝗼𝘀𝘁 𝗩𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗨𝗻𝗶𝗰𝗼𝗿𝗻𝘀 🦄 As of October 2024, ByteDance holds the top spot as the world’s most valuable unicorn at $225B, followed closely by SpaceX ($200B) and OpenAI ($157B). Out of the top 10, six are U.S. companies, underscoring America’s dominance in the unicorn landscape. Notably, OpenAI continues its rapid rise, now ranked third in the world, as AI reshapes global markets. Here are the top 3: 1. ByteDance – $225B (China) 2. SpaceX – $200B (United States) 3. OpenAI – $157B (United States) The race for tech supremacy continues, but the rise of AI companies is especially worth watching

Halo AI has secured $6 million in seed funding. The funding round was led by RAED Ventures and Shorooq, with participation from former executives of major tech companies. The company's platform allows brands to launch campaigns quickly and achieve high completion rates, with technology developed by experts from AWS, Meta, and Snapchat. Read more: https://lnkd.in/gj6_MCb3 📰 Subscribe to the Daily AI Brief: https://lnkd.in/egYhx3tb #ai #artificialintelligence #ainews #aistartup #aifunding

🚨 SCHMIDT’S NEW AI PROJECT: 'HOOGLEE' TO RIVAL TIKTOK? Former Google CEO Eric Schmidt quietly launched Hooglee, an AI-powered video platform aiming to “simplify communication.” Described as a potential TikTok alternative, Hooglee’s mission is to democratize video creation using text-to-video AI. Schmidt tapped longtime collaborator Sebastian Thrun to lead the project. Early team members include former Meta AI scientists and engineers from Schmidt’s drone startup, Project Eagle. While Schmidt hypes AI’s potential, he’s also warned of deepfakes’ dangers: “A video will cause people to kill each other.” Will Hooglee disrupt social media—or stir up new controversies? Source: Forbes

The "smartphone first" strategy revolutionized many businesses 15 years ago, just as we're entering the "AI first" era. Companies like Uber, Grab, and Airbnb thrived by prioritizing mobile technology. Today, building an "AI first" team should be a top priority for any new venture/start up. By focusing on AI integration from the start, your team will be positioned for success in the coming age of artificial intelligence. How can your team members seamlessly collaborate with AI tools?

**Is 2025 the year AI reaches its next breakthrough?** 🚀 Meta is making bold moves, committing a staggering **$65 billion** to infrastructure investments. Dubbed the "defining year for AI," this massive funding aims to push the boundaries of artificial intelligence, from developing smarter algorithms to advancing server technologies. With tech giants racing to secure AI dominance, will these investments set a new benchmark for innovation in the industry? Or will the gap between major players and emerging startups grow even wider? 💬 **What are your thoughts on this aggressive AI spending?** Is this the future of progress, or are we heading toward an AI monopoly? [Read more about Meta’s ambitious plans here.](https://lnkd.in/eCnTVt6V)

#MetaAI has just launched #Llama3.1, its most advanced open-source AI model yet. Here's why #Llama3.1 is lighting up the tech world! It's BEATING OpenAI's #GPT4o and Anthropic's #Claude3.5 Sonnet in key benchmarks.  🔹Open-Source Freedom: You can tweak and tailor this model however you want, without getting stuck in closed systems. Perfect for organizations seeking independence and innovation! 🔓 🔹Top-Notch Performance: Llama 3.1 not only beats the competition in speed and efficiency but also saves you money—up to 50% less expensive than those closed models. 💰  🔹Offering Three versions: A mind-blowing 405B parameter model, plus 70B and 8B versions for different needs. 🔹Built-In Safety: With Llama Guard, it’s got your back against things like bad health advice. Safety first, always! 🛡️ Meta's CEO, Mark Zuckerberg, emphasises that #OpensourceAI not only fuels faster innovation but also supports startups, universities, and nations with limited resources. 🌍 Drop your thoughts on Llama 3.1 in the comments!💬

#genai continues to move major #venturecapital dollars with Elon Musk's xAI pulling in a whopping $6B for 1/4 of the company - with only 10 months into its existence. Musk's reputation and success with his ventures is obviously enough to open up the treasure chests with seemingly unlimited funds. It will be interesting to see how this fight for market share evolves with the other big ones in the market, predominantly OpenAI and its close ties to Microsoft, Google and Meta. #generativeai #ai 18

Elon Musk is planning to go all-in for the AI war with his own AI! Recently, the renowned owner of Tesla and SpaceX announced his next big plan: to launch his own AI software and compete aggressively with existing AI giants like OpenAI, Microsoft, and Alphabet. Musk's AI startup, xAI, recently received $6 billion in its Series B round from investment firms such as Sequoia Capital, Fidelity, Vy Capital, Andreessen Horowitz, and even Saudi Arabia's Prince Now, do you know what's the scary part? This $6 billion funding already makes it the second most valuable AI company in the world, valued at $24 billion, even before xAI introduces its first product to the market. With Musk's history of feuding with Sam Altman, whom he sued in March, and his accusations of coding bias at Google, one thing is certain: we are all about to witness the next phase of the AI revolution. Let me know what you think about it and your views! #AI #SaaS #Venturecapital #investment #elonmusk