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AI Investments Surge 62% to $110 Billion in 2024 Amid Broader Startup Funding Decline

Elon Musk’s $97.4 Billion OpenAI Bid

Author

Mcdonald Odijie
February 11, 2025

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News

AI Investments Surge 62% to $110 Billion in 2024 Amid Broader Startup Funding Decline

Artificial intelligence (AI) investments skyrocketed by 62% to reach $110 billion in 2024, even as overall startup funding dropped by 12%, according  to new data from Dealroom. The surge in AI funding highlights a growing trend where investors are prioritizing AI-driven innovation despite broader economic uncertainties.

Elon Musk’s $97.4 Billion OpenAI Bid

Elon Musk's $97.4B bid for OpenAI was swiftly rejected by Sam Altman, escalating their feud over AI governance. Musk claims he wants to restore OpenAI’s mission; critics see a power move. With legal battles ongoing, the future of AI leadership remains uncertain.

EU Seeks Private Sector Funding for ‘AI Gigafactories’ to Compete in Frontier AI Race

The European Union is turning to the private sector to help fund large-scale ‘AI Gigafactories’, aiming to strengthen its position in the global AI race. As the U.S. and China accelerate AI advancements, the EU is looking to bridge the gap by fostering cutting-edge AI research, development, and infrastructure with support from both public and private investments.

Is AI Making Us Dumb? The Debate Over AI’s Impact on Human Intelligence

As artificial intelligence becomes more embedded in daily life, a growing debate questions whether AI is making us less intelligent. While AI enhances productivity and decision-making, critics argue that over-reliance on AI reduces critical thinking, problem-solving skills, and creativity. Are we becoming smarter by leveraging AI—or dependent to the point of intellectual decline?

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