OpenAI Funding Fuels Wave of Big AI Deals

It’s back to the races for artificial intelligence startups that require billions of dollars—and the investors that want to own a piece of their growth.

OpenAI’s $6.6 billion capital raise and startups’ high computing costs have sparked new funding discussions between AI startups—including xAI, Anthropic, Perplexity and ElevenLabs—and investors hoping to kick-start deals. In some cases, pressure to close investments before the holiday lull sets in has added urgency.