Intel's Decline: Nvidia's Blackwell Chips Delayed

11x.ai, a rising startup specializing in AI-driven sales development bots, has successfully secured approximately $50 million in Series B funding, as reported by sources. This funding round, led by Andreessen Horowitz, values the company at around $350 million. This latest investment follows its previous Series A funding of $24 million, which was spearheaded by Benchmark and included participation from other notable investors such as 20VC, Project A, Lux Capital, and SV Angel. While 11x.ai announced its Series A round earlier this month, it was revealed that the deal actually closed earlier in 2024, with the company valued at $90 million at that time.

Reflecting on the journey since ChatGPT debuted a year ago, it’s evident that generative AI (GenAI) signifies more than a technological advancement; it's a transformative force in the business ecosystem. With nearly 20 years of experience in strategic and operational roles at McKinsey, eBay, Nike, and currently Prosus, I have dedicated my efforts to translating emerging technologies into actionable strategies that drive substantial business growth. At Prosus, this journey has involved steering startups through the evolving GenAI landscape, enabling them to not just adapt but excel in an ever-shifting market.

The U.K. government has announced an investment of nearly £90 million ($113 million) to establish nine new research hubs dedicated to advancing responsible artificial intelligence (AI) in collaboration with the United States. These research hubs will focus on enhancing British expertise across various sectors, including health care, chemistry, and mathematics.