Prosper AI secures $30 million in funding for AI platform

Key Takeaways

• Prosper AI secures $30 million in funding to expand its AI platform for patient journey management in healthcare.
• Baseten raises $1.5 billion in funding, reaching a $13 billion valuation.
• Alphabet's shares fall 2.14% after the departure of AlphaFold co-creator.
• SZA criticizes AI music training after 238 songs used without consent.
• Financial Stability Board reports autonomous AI too fast and complex for human monitoring.
• New York Times CEO confident in AI lawsuit wins against OpenAI, Microsoft, and Perplexity.
• 3M expands AI data center push with new board member.
• Malaysia's AI hardware supply chain hits record trade surplus.
• CoreWeave and Nebius Group stocks tumble on NASDAQ 100 debut.
• Kevin O'Leary warns AI will replace consultants.

Prosper AI Secures $30M for AI-Powered Patient Journey

Prosper AI has secured $30 million in funding to expand its AI platform that manages the entire patient journey in healthcare. The platform integrates patient scheduling, insurance verification, and billing, coordinating voice interactions with both patients and insurers. Prosper AI aims to streamline the patient journey, reducing administrative waste and increasing access to care. The company plans to use the funding to expand its engineering and customer-facing teams, deepen EHR integrations, and accelerate market adoption.

Prosper AI Lands $30M to Build AI Workforce

Prosper AI has raised $30 million in funding to scale its agentic AI platform that powers administrative tasks in healthcare. The platform automates tasks such as patient registration, eligibility verification, and claims processing. Prosper AI aims to reduce the administrative burden on healthcare providers and improve the patient experience. The company plans to use the funding to expand its workforce and develop new features for its platform.

Prosper AI Raises $30 Million to Automate Patient Journey

Prosper AI has raised $30 million in funding to automate the patient journey in healthcare. The company's platform handles patient scheduling, insurance verification, and billing in a single workflow. Prosper AI has gained traction with healthcare providers, including hospitals and medical groups, and has partnered with EHR platforms such as athenahealth and ImagineSoftware. The company plans to use the funding to expand its engineering and customer-facing teams, deepen integrations across major EHR platforms, and accelerate adoption across provider groups and health systems.

AI Cloud Stocks Tumble on NASDAQ 100 Debut

CoreWeave and Nebius Group saw their stocks tumble on their NASDAQ 100 debut, despite massive year-to-date gains. The stocks fell 5% and slightly, respectively, as traders sold into a well-telegraphed event after a big run-up. The sell-off was attributed to profit-taking and a broader risk-off tape pressuring AI infrastructure exposure.

CoreWeave Sinks 5% on NASDAQ 100 Debut

CoreWeave stock fell 5% on its NASDAQ 100 debut, despite a large revenue backlog and solid quarterly results. The stock's fundamentals justify caution, with a sizable net loss and a price-to-sales ratio of 10x. Nebius Group and Rocket Lab stocks also fell, with the AI cloud trade looking like one investors are sizing carefully rather than chasing.

Kevin O'Leary Warns AI Will Replace Consultants

Kevin O'Leary, a venture capitalist and Shark Tank investor, warned that AI will replace consultants and change the way companies operate. He believes that AI will not only automate tasks but also make strategic decisions that were previously the domain of consultants. O'Leary's comments come at a time when the consulting industry is facing significant disruption, with companies turning to AI-powered tools to make decisions.

Baseten Raises $1.5B to Reach $13B Valuation

Baseten, an AI services startup, has raised $1.5 billion in funding, reaching a $13 billion valuation. The company focuses on making open-source AI models more accessible and cost-effective. Baseten's core offering centers on enabling companies to deploy and manage AI models efficiently, providing specialized software and computing resources.

SZA Slams AI Music Training After 238 Songs Used

Grammy-winning singer-songwriter SZA has publicly criticized AI music training after learning that over 200 of her songs were used to train AI systems without her consent. SZA expressed offense at the type of Black music coming out of AI, calling it stereotypical struggle music. She also targeted AI music company Suno and producer Diplo, who she claimed was working to train AI on the work of Black writers and producers.

Alphabet Falls as AlphaFold Co-Creator Exits

Alphabet's shares fell 2.14% after the departure of one of the co-creators of the AI model AlphaFold. Investors grew concerned about the potential impact of the departure on the development of AlphaFold, which has shown impressive results in protein folding. The model's potential applications are vast, and Alphabet's investment in AI has been a key area of focus for the company.

Malaysia's AI Hardware Supply Chain Hits Record Trade Surplus

Malaysia's AI hardware supply chain has hit a historic milestone, driving total trade past RM1.127 trillion in just four months. The country's external trade crossed the RM1 trillion milestone at the fastest pace in its history, fueled by a massive computing needs of international technology giants. Malaysia's AI hardware supply chain has become a vital component for global AI deployment.

NYT CEO Confident in AI Lawsuit Wins

New York Times CEO Meredith Kopit Levien expressed confidence that the company will win its legal battles against OpenAI, Microsoft, and Perplexity. The company is suing these AI developers for copyright infringement.

AI Takes Over Financial Monitoring

A new Financial Stability Board report highlights a significant shift in financial oversight: autonomous AI is now too fast and complex for real-time human monitoring. Regulators admit it's impractical for people to track 'agentic AI's' thousands of steps, creating a 'blind spot' where errors are hard to detect or undo.

3M Expands AI Data Center Push

3M Company added Jennifer W. Rumsey, the Chief Executive Officer and Chair of Cummins, to its Board of Directors and its Science, Technology and Sustainability Committee. The move highlights 3M's push into AI-related infrastructure and its ongoing scrutiny of its legal exposures and operational reset.

Sources

• Prosper AI Secures $30M
• Prosper AI lands $30M backed by Andreessen Horowitz to build AI workforce for healthcare operations
• Prosper AI Raises $30 Million to Automate the Patient Journey
• CoreWeave Sinks 5%, Nebius Dips as AI Cloud Stocks Sell the News on Their NASDAQ 100 Debut
• CoreWeave Sinks 5%, Nebius Dips as AI Cloud Stocks Sell the News on Their NASDAQ 100 Debut
• Kevin O'Leary Sees AI Replacing Consultants—and That Has Implications for Investors
• Baseten Raises $1.5B, Reaches $13B Valuation
• SZA Slams AI Music Training After 238 of Her Songs Used Without Consent
• Stock Market Today, June 22: Alphabet Falls as AlphaFold Co-Creator’s Exit Raises AI Talent Concerns
• How the global AI boom dropped a record RM1.127 trillion trade windfall on Malaysia
• NYT CEO confident company will win legal battles against OpenAI/Microsoft, Perplexity
• No Human Can Fully Watch The AI Running Your Money Now
• How Investors Are Reacting To 3M (MMM) Expanding AI Data Center Push And Boardroom Expertise