Rillet, a two-year-old startup building what it calls the first truly AI-native accounting platform, has raised a $100 million Series C at a $1 billion valuation, the company told Fortune exclusively—joining the ranks of AI-era unicorns racing to unseat decades-old enterprise software giants. The round, led by ICONIQ with participation from returning backers Sequoia Capital,
What came first—the chicken or the egg? Or in AI’s case, the investment or the revenue? Nvidia is guaranteeing up to $105 billion for OpenAI’s planned data center campus in Pike County, Ohio, coming in lower than the roughly $250 billion guarantee it was considering, according to reporting by the Wall Street Journal and CNBC.
The independent music publisher Round Hill Music sued Suno and Anthropic, accusing the two AI companies in a federal court in California of infringing its copyright by illegally scraping hundreds of its songs to train their models without permission. Round Hill, which owns the rights to songs such as Bonnie Tyler’s “Total Eclipse of the
The latest multi-billion dollar AI startup isn’t for writing code or generating images. It’s for answering your landlord. New York-based property and housing management company EliseAI is in talks to raise a new round of funding at a $3.7 billion valuation, including $300 million in financing. Andreessen Horowitz and Bessemer Venture Partners are in talks
Stripe’s multi-billion-dollar pursuit of AI model marketplace startup OpenRouter isn’t just creating one of the biggest AI acquisitions of the year; it’s minting venture capital firms’ speedy wins. Andreessen Horowitz and Menlo Ventures are poised to turn investments made less than two years ago into payouts worth nearly $2 billion combined if Stripe acquires the
New day, new box office milestone for Sony’s latest Spidey adventure. “Spider-Man: Brand New Day” has surpassed $2 billion in global ticket sales, eclipsing the rare benchmark after just three weekends of release. The comic book adventure, starring Tom Holland as Marvel‘s neighborhood web-slinger, has grossed $785 million in North America and $1.23 billion overseas