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- AI Surge: $97B in Global Funding, Cohere Hits $6.8B Valuation
AI Surge: $97B in Global Funding, Cohere Hits $6.8B Valuation
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Welcome
Welcome to today’s edition of AI Business Weekly. From a $97B global funding surge to fresh investments in voice automation, enterprise AI, and Saudi research, the momentum behind artificial intelligence shows no signs of slowing down. Meanwhile, OpenAI faces renewed scrutiny over copyright as Sora 2 blurs the boundaries between creation and imitation. Let’s dive in.
AI Drives 38% Surge in Global Venture Capital Funding
San Francisco — Global venture capital funding surged to $97 billion in Q3 2025, marking a 38% year-over-year increase, according to Crunchbase. This quarter marks the fourth consecutive period exceeding $90 billion, a milestone not seen since 2022. Analysts attribute the momentum to accelerating AI innovation across sectors, particularly in enterprise and infrastructure technology.
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GreyLabs AI Raises $10.2M to Scale Voice AI for Banking
Mumbai — GreyLabs AI has raised $10.2 million (₹85 crore) in Series A funding led by Elevation Capital, with participation from existing investors. The startup builds Voice AI Agents for India’s BFSI sector, automating client interactions and compliance workflows. The new capital will support hiring across Bengaluru and Delhi to strengthen its engineering and sales footprint.
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Cohere Hits $6.8B Valuation With $500M Raise
Toronto — AI startup Cohere has raised $500 million in a new funding round led by Radical Ventures and Inovia Capital, with participation from Nvidia and AMD Ventures. The round values Cohere at $6.8 billion, up from $5.5 billion last year, as it continues to compete with OpenAI, Anthropic, and Google in enterprise AI. The funds will accelerate its expansion into government and business applications of large language models.
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Deloitte and KAUST Partner to Advance AI Innovation
Riyadh — Deloitte has announced a partnership with King Abdullah University of Science and Technology (KAUST) to build a platform connecting AI research with business adoption. The collaboration aims to bridge academic breakthroughs with practical industry applications, positioning Saudi Arabia as a regional AI innovation hub aligned with Vision 2030.
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OpenAI Tightens Copyright Controls After Sora 2 Controversy
San Francisco — Following backlash over Sora 2 generating videos of popular copyrighted characters, OpenAI has pledged to introduce more granular control for copyright owners. The update will allow creators to restrict how their intellectual property is replicated within Sora’s video-generation system, as regulators and artists call for clearer boundaries between fair use and unauthorized replication.
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📢 AI Reshaping Funding, Innovation, and Accountability
AI continues to drive unprecedented capital flows — with $97B in global VC activity and landmark raises from Cohere and GreyLabs solidifying its economic footprint. As research partnerships like Deloitte–KAUST connect science with business, the conversation around responsible AI creation grows louder. OpenAI’s Sora 2 debate highlights the new frontier: governance and control in an age of generative abundance.