Marina Temkin

Just eight months after launching its commercial service, AI leaderboard provider Arena , which originated as a research project at UC Berkeley in 2023, has reached $100 million in annualized run-rate revenue.

The startup, which runs a popular free AI leaderboard, launched its commercial service just last September. Machine Learning & Artificial Intelligence

The actor and investor is joining forces with Morgan Beller, who was previously a GP at NFX, to invest in early-stage startups.

Earlier this year, shares of traditional SaaS companies tumbled amid investor fears that software built with AI could eventually displace those businesses.

Nvidia competitor Etched announced this week that TSMC had manufactured its first chip earlier this year.

There are a lot of fast-growing AI startups, but some are growing even faster, they say. Machine Learning & Artificial Intelligence

As companies old and new rush to capitalize on AI, many AI startups say that their revenue is not just growing, but rapidly accelerating, hitting their next milestones in shorter timeframes.

11 pts The round, led by Radical Ventures, values the two-year old startup at $1 billion.

The $300 million round is expected to be led by Menlo Ventures, Sifted reported.

A number of companies , betting on various architectural approaches, are trying to build the first commercially viable quantum computer capable of significantly outperforming current systems.