Sakana AI, a startup backed by NVIDIA, has raised more than $210 million in Series A funding, surpassing its $100 million target. The company, which specializes in integrating large language models (LLMs) and automating their processes, is valued at over $1.5 billion just a year after its launch. This funding comes as the US government considers easing export regulations for advanced AI chips, potentially allowing NVIDIA to export these chips to Saudi Arabia for training powerful AI models.
NVIDIA’s dominance in the AI space continues, with its stock having surged 140% in 2024 and its market valuation nearing $3 trillion. Analysts at Bank of America have increased their price target for NVIDIA to $1,500, emphasizing the chipmaker’s central role in the global shift toward AI-accelerated computing, projected to cost $500 billion annually.
The broader AI landscape is expanding globally, with companies like Amazon, Google, and Microsoft investing billions in data centers to support AI infrastructure, reflecting the long-term transformative impact of AI technology. BlackRock, in collaboration with Microsoft and MGX, is exploring the creation of an AI-focused fund to tackle energy constraints, which may impede the rapid adoption of AI technologies.
NVIDIA ranks first among trending AI stocks, though some analysts suggest other AI companies may offer more significant short-term returns.
NVIDIA’s dominance in the AI space continues, with its stock having surged 140% in 2024 and its market valuation nearing $3 trillion. Analysts at Bank of America have increased their price target for NVIDIA to $1,500, emphasizing the chipmaker’s central role in the global shift toward AI-accelerated computing, projected to cost $500 billion annually.
The broader AI landscape is expanding globally, with companies like Amazon, Google, and Microsoft investing billions in data centers to support AI infrastructure, reflecting the long-term transformative impact of AI technology. BlackRock, in collaboration with Microsoft and MGX, is exploring the creation of an AI-focused fund to tackle energy constraints, which may impede the rapid adoption of AI technologies.
NVIDIA ranks first among trending AI stocks, though some analysts suggest other AI companies may offer more significant short-term returns.