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The Biggest Of The Big: AI Startups Raised Huge — These Were The Largest Deals Of 2023

Dec 21, 2023 - news.crunchbase.com
In 2023, artificial intelligence (AI) startups saw significant investment, with eight deals of at least half a billion dollars each. The largest deal was a $10 billion investment by Microsoft into OpenAI, marking both as dominant players in the AI space. San Francisco-based Anthropic also had a busy year, raising nearly $7 billion in funding, including a $4 billion investment from Amazon and a $2 billion investment from Google. Other significant deals included a $1.3 billion round for Inflection AI, a $1.1 billion round for Metropolis, and a $685 million round for Databricks.

The article also highlights that corporate giants dominated AI investing, with Microsoft, Nvidia, Amazon, and Google leading or participating in the biggest rounds. Nvidia, in particular, has been active, investing in several AI startups due to the high demand for its chips. The total investment in the top 10 rounds amounted to over $16 billion, indicating a strong interest in AI technologies.

Key takeaways:

  • In 2023, there were eight deals of at least a half-billion dollars or more involving AI startups, with the largest deal being a $10 billion investment by Microsoft into OpenAI.
  • San Francisco-based Anthropic raised nearly $7 billion in funding in 2023, with its largest round being a $4 billion investment from Amazon.
  • Inflection AI, a Palo Alto-based startup, secured a $1.3 billion round led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and Nvidia, valuing the company at $4 billion.
  • Large tech corporations such as Microsoft, Nvidia, Amazon, and Google dominated AI investing in 2023, with Nvidia becoming a $1 trillion-plus company that year.
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