AI sector reports strong revenue momentum and expanded infrastructure funding

AI companies delivered higher revenues and bookings while infrastructure startups secured new capital, highlighting continued momentum across enterprise and hardware demand.

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9 days ago

AI sector reports strong revenue momentum and expanded infrastructure funding

AI sector reports strong revenue momentum and expanded infrastructure funding
AI-linked companies posted solid performance as C3.ai reported Q2 revenue of $75.1 million, up 7%, with subscription revenue of $70.2 million rising 16.5% and bookings hitting $86.4 million, up 49%. Foxconn and Nvidia noted NT$844.3 billion ($27 billion) in November revenue driven by AI server demand. Funding activity included Unlimited Industries raising $12 million for infrastructure tooling and Vinci securing $46 million for physics driven AI development.
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  • ai
  • funding