All articles tagged with #venture capital investment
Soumaya Keynes argues the AI funding binge is real, with AI firms taking a growing share of VC and debt markets and data‑centre demand rising, but evidence of crowding out in the wider economy is inconclusive: BIS data shows AI‑ready economies are investing more, Goldman Sachs finds only a small drag on non‑AI borrowers, and any crowding-out risk remains modest for now, though longer‑term debt and energy constraints could reshape capital allocation.
Sequoia Capital is leading a $1 billion seed round for Ineffable Intelligence, a London-based AI startup founded by ex-Google DeepMind researcher David Silver, valuing the venture at about $4 billion. If closed at $1 billion, it would be Europe’s largest seed round. The company plans to build superhuman AI trained through experience and environment interaction via reinforcement learning, continuing Silver’s work on AlphaGo/AlphaStar and Google's Gemini LLMs while drawing interest from Nvidia, Microsoft and OpenAI-linked backers.
Lincoln-based company Opendorse, which helps athletes connect with companies and brands, has been named as a pioneer on Time's list of top 100 companies. Co-founder and CEO Blake Lawrence said the honor is proof that athlete empowerment is center stage at all levels of sports, and the NIL industry has representation on the global level. Opendorse has seen business boom since rule changes a couple of years ago that allowed college athletes to start making money off their name, image and likeness, with about 90,000 college athletes cashing in using Opendorse and total earnings for those athletes expected to top $100 million by the end of this year.