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AI companies report stronger revenue cycles and expanding infrastructure funding
AI firms reported rising revenue and bookings, while new infrastructure funding rounds highlighted continued investment across hardware and model-based development.
Sector momentum continued as C3.ai recorded Q2 revenue of $75.1 million, rising 7%, with subscription revenue up 16.5% at $70.2 million and bookings reaching $86.4 million, up 49%. Foxconn and Nvidia posted NT$844.3 billion ($27 billion) in November revenue due to heightened AI server demand. Funding rounds included Unlimited Industries securing $12 million for infrastructure tooling and Vinci raising $46 million for physics driven AI systems.