TLDR:
– Thrive Capital reportedly raised $5 billion for its biggest-ever pair of venture capital funds.
– The fundraising is a sign of investor enthusiasm in the artificial intelligence sector.
Thrive Capital, a backer of OpenAI, raised $5 billion for its largest venture capital funds, signaling renewed investor interest in the artificial intelligence space. The fundraising is among the largest completed this year by a venture capital firm, with Thrive receiving commitments for the full amount. This news follows a surge in American VC funding, particularly in AI firms like Elon Musk’s xAI and CoreWeave. The rise of AI in wearables, such as the AI-powered pendant set to launch next year, is also gaining traction. Despite growing interest in AI technology, concerns around potential design flaws remain, with experts noting the need for continuous improvement in the space.
