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The full list of 28 US AI startups that have raised $100M or more in 2024

Welcome, AI enthusiasts.

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Bible Verses of the Day

5 If any of you lacks wisdom, let him ask God, who gives generously to all without reproach, and it will be given him. 6 But let him ask in faith, with no doubting, for the one who doubts is like a wave of the sea that is driven and tossed by the wind. [James 1:5-6 ESV]

What's in this week's issue?

  • 💸 The full list of 28 US AI startups that have raised $100M or more in 2024

  • 🚸 AI Chatbots Alexa, MyAI, Bing come with ‘empathy gap’, may harm children

  • ⛅️ Easy Cloud News

  • 📰 AI News

  • 🧰 AI Tools

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For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category.

In the first half of 2024 alone, more than $35.5 billion was invested into AI startups globally, recent Crunchbase data found. Five of the six venture rounds of more than $1 billion raised in the first half of 2024 were raised by AI companies.

Many other AI startups were able to raise mega-rounds of more than $100 million. U.S. startups raised two of the billion-dollar rounds in the first half of this year and nearly two-thirds, 64%, of the mega-rounds.

Here are the U.S.-based AI companies that raised $100 million or more so far in 2024.

Generated by Midjourney

AI chatbots like Amazon’s AI voice assistant Alexa, Snapchat’s My AI, and Microsoft’s Bing have frequently shown signs of an “empathy gap” that puts young users at risk of distress or harm, according to a study on Thursday that proposes the urgent need for “child-safe AI”.

The research from the University of Cambridge calls on developers and policymakers to prioritise approaches to AI design that take greater account of children’s needs.

Children are likely to treat chatbots “as lifelike, quasi-human confidantes” but when the technology fails to respond to their unique needs and vulnerabilities, it can affect the kids, showed the study, published in the journal Learning, Media and Technology. This is evident from the cases where Alexa instructed a 10-year-old to touch a live electrical plug with a coin.

Easy Cloud News

Listen or read the following transcript as Richard Belcher focuses on the profound Christian affirmation of God as the Almighty Father.

The following unedited transcript is provided by Beluga AI.

AI News

  • 🇰🇷 South Korean beauty buffs can now thank AI for the perfect foundation shade (link)

  • 👩‍🏫 MIT News: What are AI agents? (link)

  • 🌦️ Figma disables its AI design feature that appeared to be ripping off Apple’s Weather app (link)

  • 🕹️ Meta plans to bring generative AI to metaverse games (link)

  • 🔌 As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently (link)

AI Tools

  • 🐋 Beluga: Christian sermon and lecture transcripts, translations and more (link)

  • ✍️ Redact: Create LinkedIn posts in 30sec with your own writing style (link)

  • 💭 DreamFlare: We empower creators and spread joy (link)

  • 💡 Tableau: Turn trusted data into actionable insights (link)

  • 🐂 Bullhorn: An industry-leading staffing software built for recruitment agencies (link)

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