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  4. OpenAI Invests in Startup That Uses Brain Implants to Detect Cancer
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Funding & Deals

OpenAI Invests in Startup That Uses Brain Implants to Detect Cancer

It’s the latest in a growing wave of bets that AI companies are making on brain data.

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OpenAI's venture capital arm and Peter Thiel's Founders Fund are investing in a startup developing a brain implant designed to detect and treat cancer by decoding electrical signals associated with tumors. The investment reflects growing interest from major AI companies in brain data, since brain-computer interface devices generate large datasets that AI models can analyze more efficiently than humans. The startup has already tested its implant in patients undergoing brain tumor removal surgery and plans to launch clinical trials for long-term implantation in people with an aggressive form of brain cancer. This investment represents part of a broader trend of AI companies backing brain-computer interface technology, which developers argue will provide valuable new data sources for training AI systems.

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OpenAI acquires Orchestra Bio

OpenAI is acquiring Orchestra Bio to bring AI-powered operations to life sciences R&D, helping biopharma teams accelerate drug development and advance new treatments.

Also reported by TechCrunch and SiliconANGLE

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Otter.ai raises $320 million from General Catalyst’s growth fund for its meeting tool

Meeting note-taking tool Otter.ai announced on Tuesday that it has raised $320 million from General Catalyst’s Customer Value Fund (CVF), which provides capital to startups without diluting equity and gets returns on the results of marketing spend. Otter.ai said that it will use these funds for enterprise growth, go-to-market strategy, international expansion, and product innovation. […]

Also reported by SiliconANGLE

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AI work assistant startup Town secures unicorn status after raising $108M just weeks after launching

Town.com Inc., an artificial intelligence agent startup laser focused on getting work done by collaborating with other AI agents, revealed today that it has raised $108 million in a new funding at a $1 billion valuation. The Series B round was led by Forerunner Ventures and Menlo Ventures, and saw participation from Andreessen Horowitz, Serena […] The post AI work assistant startup Town secures unicorn status after raising $108M just weeks after launching appeared first on SiliconANGLE.

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Nscale and Anthropic are reportedly in talks for yet another $45 billion compute deal

In August, Nscale and Anthropic announced a $45 billion compute deal. The two companies are reportedly discussing yet another deal of the same magnitude.

Funding & DealsOpen story →

Tenstorrent hits $6.2B valuation to scale open-weight AI chips

After drawing acquisition interest earlier this year, the Nvidia challenger raised $1.5 billion to remain independent.

Funding & DealsOpen story →

AI infrastructure management software startup ASI hits $3B valuation after raising $325M in funding

An artificial intelligence startup called ASI Inc., which builds complex models of air traffic and energy grids, said today it has scored $325 million in a Series C funding, bringing its valuation to a cool $3 billion. The round was led by Spark Capital and joined by participants including Citadel Securities, Craft Ventures, Meritech Capital, […] The post AI infrastructure management software startup ASI hits $3B valuation after raising $325M in funding appeared first on SiliconANGLE.