Sakana AI targets defense and banking markets after big funding round

David Ha, CEO of Sakana AI, is one of the founders of the startup, which was established in 2023. Sakana AI has achieved a ¥400 billion ($2.6 billion) valuation after raising ¥20 billion yen in a recent funding round, and notes that it is now Japan's largest startup ever. The new investment and the sky-high valuation come as AI-mania grips markets globally and drives shares of publicly traded AI-related companies to unprecedented levels. Nvidia now has a market capitalization of more than $4.5 trillion. It also comes as more questions are raised about AI and whether it will deliver on its promises and generate enough profit to justify all the capital being committed to it. In a time of both misinformation and too much information, quality journalism is more crucial than ever.