Businesses are generating more video than ever. From years of broadcast archives to thousands of store cameras and countless hours of production footage, most of it just sits unused on servers, unwatched and unanalyzed. This is dark data: a massive, untapped resource that companies collect automatically but almost never use …

In Brief There appears to be no stopping legal AI startup Harvey’s skyrocketing growth, with VCs continuously throwing money at it. The company is reportedly in talks to raise another $200 million at an $11 billion valuation led by Sequoia and Singapore’s GIC, sources told Forbes. If the deal closes, …

On Monday, Databricks announced it reached a $5. 4 billion revenue run rate, growing 65% year-over-year, of which more than $1. 4 billion was from its AI products. Co-founder and CEO Ali Ghodsi wanted to share these growth numbers because there’s so much talk about how AI is going to …

Deep tech startups in sectors such as space, semiconductors, and biotech take far longer to mature than conventional ventures. Because of that India is adjusting its startup rules, and mobilizing public capital, hoping to help more of them make it to commercial products. This week, the Indian government updated its …

Reddit is gearing up for more M&A, the company told analysts on its fourth-quarter earnings call on Thursday. Reddit CFO Andrew Vollero said the online forum site is looking for businesses that can either leverage Reddit’s scale — meaning their products become more impactful when deployed across Reddit’s massive user …

Loading the player… Elon Musk has merged SpaceX and xAI, creating what might be the blueprint for a new Silicon Valley power structure. With his $800 billion net worth already rivaling historic conglomerate GE’s peak market cap, and Musk being vocal about his view that “tech victory is decided by …

An AI lab called Fundamental emerged from stealth on Thursday, offering a new foundation model to solve an old problem: how to draw insights from the huge quantities of structured data produced by enterprises. By combining the old systems of predictive AI with more contemporary tools, the company believes it …

The AI investing boom (or perhaps bubble) is something Silicon Valley has seen many times before: a gold rush of VC money thrown at the Big New Thing. But one aspect of it is completely unique to these times: startups rocketing from $0 to as much as $100 million in …

SNAK Venture Partners announced Wednesday the close of its oversubscribed $50 million debut fund, anchored by the investment firm Pritzker Group (founded by Illinois governor JB Pritzker and his brother, Tony). SNAK founders Sonia Nagar and Adam Koopersmith worked at the firm and helped lead investments in companies like the …

Voice AI company ElevenLabs said today it raised $500 million in a new funding round led by Sequoia Capital, which was an investor in the startup’s last secondary round through a tender. Sequoia partner Andrew Reed is joining the company’s board. The startup is now valued at $11 billion, more …