About
NetChoice is a trade association fighting for free speech and free enterprise online. This page is a new education project of NetChoice’s.
The goal of our Tech Competition webpage is to show how the abundance of competition in the tech industry benefits consumers through new exciting services, and market signals pushing businesses to constantly innovate and improve their offerings to their customers. We’ll keep this page updated frequently with news and facts that highlight the prevalence and impact of vigorous competition in U.S. tech markets.
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Posts
Tech Competition is Helping Americans. Here's How.
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Tuesday • January 7, 2025
AI Startup Anthropic Raising Funds Valuing It at $60 Billion
Amazon-Backed OpenAI Rival Was Valued at $18 Billion Last Year
Anthropic is in advanced talks to raise $2 billion in a deal that would value it at $60 billion, more than triple its valuation from a year ago. The funding round is being led by the venture firm Lightspeed Venture Partners, people familiar with the matter said. The $60 billion valuation includes the money Anthropic plans to raise in the round.
The deal would make Anthropic the fifth-most valuable U.S. startup after SpaceX, OpenAI, Stripe and Databricks, according to data provider CB Insights. It was valued last year at $18 billion in a round led by Menlo Ventures.
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Saturday • January 4, 2025
Elon Musk’s xAI Raises $6 Billion in New Funding
“A lot of compute is needed,” Mr. Musk Said in a Post About the Financing
The artificial intelligence company founded by Elon Musk, xAI, said on Monday that it had raised $6 billion, giving the start-up a major lift as it competes with rivals, including OpenAI. The company said on its website that it would use the money to continue building its infrastructure and accelerate research and development. BlackRock, Fidelity, Sequoia Capital and others participated in the funding round. The fund-raising could value xAI at $35 billion to $40 billion, up from $24 billion earlier this year, The New York Times previously reported.
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Wednesday • November 20, 2024
Elon Musk’s xAI Startup Is Valued at $50 Billion in New Funding Round
The Artificial-Intelligence Company Has More Than Doubled its Valuation Since the Spring
Elon Musk’s artificial-intelligence startup, xAI, has told investors it raised $5 billion in a funding round valuing it at $50 billion—more than twice what it was valued at several months ago.
Qatar’s sovereign-wealth fund, Qatar Investment Authority, and investment firms Valor Equity Partners, Sequoia Capital and Andreessen Horowitz are expected to participate in the round, according to people familiar with the matter. The financing brings the total amount xAI has raised to $11 billion this year.
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Friday • August 30, 2024
Amazon’s new Alexa voice assistant will use Claude AI
Its Own In-House Generative AI Models Reportedly Struggled by Comparison
The improved version of Alexa that Amazon’s expected to release this year will primarily be powered by Anthropic’s Claude artificial intelligence model, according to Reuters. The publication reports that initial versions of Amazon’s smarter, subscription-based voice assistant that used the company’s own AI proved insufficient, often struggling with words and responding to user prompts.
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Wednesday • August 28, 2024
OpenAI in Talks for Funding Round Valuing It Above $100 Billion
Thrive Capital and Microsoft are Among Investors Putting Several Billion Dollars Into ChatGPT Maker
OpenAI is in talks to raise several billion dollars in a new funding round that would value the startup behind ChatGPT above $100 billion. Venture-capital firm Thrive Capital is leading the round and will invest about $1 billion, according to people familiar with the matter. Microsoft MSFT -0.63%decrease; red down pointing triangle is also expected to put in money.
The new funding round would be the biggest infusion of outside capital into OpenAI since Microsoft invested around $10 billion in January 2023. Since then, an arms race has developed in Silicon Valley to build the most advanced artificial-intelligence systems in an effort to dominate an industry many say will revolutionize the economy.
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Tuesday • August 27, 2024
Cerebras launches AI inference tool to challenge Nvidia
The Inference Portion of the AI Market is Expected to be Fast-Growing and Attractive
Cerebras Systems launched on Tuesday a tool for AI developers that allows them to access the startup’s outsized chips to run applications, offering what it says is a much cheaper option than industry-standard Nvidia (NVDA.O), opens new tab processors.
Access to Nvidia graphics processing units (GPUs) – often via a cloud computing provider – to train and deploy large artificial intelligence models used for applications such as OpenAI’s ChatGPT can be difficult to obtain and expensive to run, a process developers refer to as inference.
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