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xAI Raises $6B While European AI Startups Attract $13.7B in Venture Capital
Manage episode 457300234 series 3595170
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Welcome to the RAIZOR Report for Tuesday December 24th 2024.
Major AI funding and growth developments dominate headlines as xAI secures $6 billion from prestigious investors like Andreessen Horowitz and BlackRock, bringing their yearly total to $12 billion. Meanwhile, European AI startups show remarkable momentum, attracting $13.7 billion in venture capital and doubling their collective value to $508 billion. The European AI sector has generated 349,000 new jobs, reflecting a 168% surge in AI-related employment opportunities.
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