September 5, 2025

finance  
Meta, Nvidia, Snowflake Lead AI Growth, LayerX Raises $100M

Several companies are making significant strides in the AI space. MUFG Bank in Japan is partnering with LayerX, an AI startup, to streamline operations and save an estimated 200,000 hours annually. MUFG's investment reflects a broader trend of banks embracing AI to stay competitive. LayerX itself secured $100 million in Series B funding, valuing the company at over $1 billion, to expand its AI-powered automation platform, Bakuraku, which is already used by over 15,000 companies. They project revenues of $68 million by 2025 and $680 million by 2030. Other companies are also leveraging AI for growth. Intuit, despite struggles with Mailchimp, saw a 20.3% revenue increase to $3.83 billion, driven by AI innovations in TurboTax Live and Credit Karma. Pure Storage is leading in the AI storage market, with revenue up 13% to $861 million, partnering with Meta and aiming for $5 billion in AI-related revenue by 2027. SoundHound AI has seen its stock value increase significantly, with a $10,000 investment three years ago now worth approximately $44,200, driven by a 186% year-over-year revenue increase in the first half of 2025. Meanwhile, PayPal Ventures and General Catalyst invested $18 million in Kite, an AI blockchain startup building a blockchain for AI applications to communicate. Figure Technologies, a Chinese AI company, is planning a $4.1 billion IPO to compete with chipmakers like NVIDIA. Companies like Snowflake and Salesforce are also positioned as key players in the AI landscape, with analysts increasing their price targets. Snowflake, in particular, is seen as having the potential to outperform Nvidia and Palantir. Alphabet (Google) and Lam Research are also noted as potentially undervalued AI stocks. Palantir Technologies, Recursion Pharmaceuticals, and Upstart Holdings are using AI to disrupt big industries.

Key Takeaways

  • MUFG Bank is partnering with LayerX to automate tasks, expecting to save 200,000 hours per year.
  • LayerX raised $100 million in Series B funding to expand its AI automation platform, Bakuraku, used by over 15,000 companies.
  • LayerX projects $68 million in revenue by 2025 and $680 million by 2030.
  • Intuit's revenue increased by 20.3% to $3.83 billion, driven by AI in TurboTax Live and Credit Karma.
  • Pure Storage's revenue is up 13% to $861 million, leading the AI storage market with partnerships like Meta.
  • A $10,000 investment in SoundHound AI three years ago would now be worth approximately $44,200.
  • PayPal Ventures and General Catalyst invested $18 million in AI blockchain startup Kite.
  • Figure Technologies, a Chinese AI company, is planning a $4.1 billion IPO.
  • Snowflake and Salesforce are identified as key AI stocks to watch, with potential for significant growth.
  • Palantir Technologies, Recursion Pharmaceuticals, and Upstart Holdings are using AI to disrupt big industries.

MUFG Bank in Japan to use AI, saving 200,000 hours yearly

MUFG Bank in Japan is partnering with AI company LayerX to make work easier. The bank will use LayerX's platform to improve sales and check customer data. Mitsubishi UFJ Financial Group plans to invest nearly 5% in LayerX. This move is expected to save the bank 200,000 hours each year by making processes faster.

LayerX gets $100M to cut workload with AI

LayerX, a Japanese AI startup, raised $100 million in Series B funding to help businesses reduce back-office work. Technology Cross Ventures led the round, marking their first investment in a Japanese startup. LayerX offers Bakuraku, a platform that automates spending for over 15,000 companies. They also have Alterna, a digital securities platform, and Ai Workforce, an AI solution to streamline work. Founded in 2018 by Yoshinori Fukushima, LayerX aims to simplify paper-based processes using AI.

MUFG's AI partnership with LayerX sets fintech trend

MUFG is partnering with LayerX to add AI to its services, improving expense management and efficiency. MUFG will own about 5% of LayerX, showing a long-term commitment to AI. This partnership is expected to save 200,000 hours per year through automation. LayerX's AI platform helps avoid data errors, which is important for following financial rules. MUFG's approach shows how banks can use AI to stay competitive.

MUFG invests in AI startup LayerX for banking boost

MUFG is investing in LayerX, an AI startup in Tokyo, to improve banking with new technology. The goal is to use AI to make banking operations more efficient and improve services for customers. LayerX, created in 2018, builds AI platforms that automate business tasks. MUFG is also working with LayerX to create AI tools specifically for banking. This move shows how banks are using AI to compete with tech companies.

LayerX raises $100M for AI automation in Japan

LayerX, a Japanese AI startup, raised $100 million in Series B funding to expand AI back-office automation in Japan. The company's Bakuraku Suite automates spending for over 15,000 companies like Ippudo and the Imperial Hotel. LayerX also offers Ai Workforce, an AI solution used by Mitsui & Co. and MUFG Bank. The funding will help LayerX grow its customer base and workforce, aiming for $68 million in revenue faster than any other SaaS company in Japan.

MUFG's AI investment in LayerX signals fintech's digital future

MUFG is investing in LayerX, an AI startup, to transform its operations and address labor shortages. MUFG aims to save 200,000 hours per year by using LayerX's AI tools to automate tasks. LayerX's AI platforms are used by over 15,000 companies, including Mitsui & Co. The company projects $68 million in revenue by 2025 and aims for $680 million by 2030. This partnership shows how banks are using AI to stay competitive.

LayerX raises $100M for AI software

LayerX, a Japanese AI startup, raised $100 million in Series B funding. The company helps businesses automate tasks using AI-powered software. LayerX offers tools for bookkeeping, invoice processing, and corporate card management. They also have an AI tool that extracts data from documents and an investment platform for tokenized real estate. The funding will be used to expand the engineering and sales teams.

LayerX gets $1B to boost AI projects

LayerX, a Japanese AI startup, raised $1.01 billion in Series B funding to grow its business. The company will use the money to hire engineers and improve its sales. LayerX focuses on AI software, fintech, and AI technologies. One of its main products, Bakuraku, is a cloud service that uses AI to simplify back-office tasks for businesses, and is used by about 15,000 companies.

Three cheap AI stocks to watch now

Artificial intelligence stocks have been growing in recent years. Three AI stocks that look cheap are Alphabet, Salesforce, and Lam Research. Alphabet owns Google and has a suite of powerful AI products. Salesforce is rolling out AI agents. Lam Research makes equipment needed to develop advanced AI processors.

Snowflake is a top AI stock to buy now

Snowflake is a data storage and analytics company that helps businesses use AI. The company's revenue is growing quickly, suggesting that interest in its AI solutions is increasing. Snowflake's CEO, Sridhar Ramaswamy, is helping the company grow. Analysts have increased their price targets for the stock. The company is still small compared to other tech companies, so there is potential for it to grow a lot.

Snowflake stock may beat Nvidia and Palantir

Snowflake helps companies store data and use AI. The market is realizing that Snowflake is a key AI player. Analysts are increasing their price targets for the stock. Snowflake's market cap is smaller than Nvidia and Palantir. Snowflake has lagged other AI stocks, so it has some catching up to do.

Top AI stocks to follow now

Snowflake, Salesforce, and ServiceNow are three artificial intelligence stocks to watch. These companies develop AI-driven products and services. Snowflake provides cloud-based data warehousing using AI. Salesforce integrates AI into its customer relationship management platform. ServiceNow automates IT workflows using AI.

AI stocks to watch now

Snowflake, Salesforce, and ServiceNow are three AI stocks to watch. These companies develop, research, or sell AI technology. They are leaders in machine learning, natural language processing, and robotics. Investors are looking to AI stocks to profit from the growth of AI in healthcare, finance, and transportation.

Intuit thrives with AI despite Mailchimp struggles

Intuit's revenue increased by 20.3% to $3.83 billion, driven by AI innovations in TurboTax Live and Credit Karma. AI automation reduced repetitive tasks, increasing user satisfaction. However, Mailchimp's revenue declined slightly due to usability issues. Intuit's long-term plan involves expanding into the mid-market and cross-selling opportunities. The company expects AI agents to unlock an $89 billion market for enterprise solutions.

Pure Storage leads AI storage market with hyperscaler partnerships

Pure Storage is a leader in the AI storage market, with revenue up 13% to $861 million. The company partners with Meta, deploying AI infrastructure. Pure's FlashArray and FlashBlade platforms have captured 28% of the AI storage market. The company's subscription model boosts revenue, and it has $1.8 billion in cash reserves. Pure Storage aims for $5 billion in AI-related revenue by 2027.

SoundHound AI stock: $10,000 investment now worth $44,200

SoundHound AI's stock has increased significantly in the last three years due to massive revenue growth. A $10,000 investment three years ago would be worth nearly $44,200 today. In the first half of 2025, revenue increased by nearly $72 million, a 186% year-over-year increase. However, the company's operating expenses are higher than its revenue. Investors should be mindful of potential competitive threats and the stock's valuation.

MUFG invests in AI startup LayerX for software

Mitsubishi UFJ Financial Group invested in Layerx Inc, an AI-centered software startup. MUFG Bank and MUFG Innovation Partners made the investment. The company operates in digital services, corporate and retail, and corporate banking. It also works in global commercial banking and fiduciary assets.

PayPal and General Catalyst invest $18M in AI blockchain startup Kite

PayPal Ventures and General Catalyst are leading an $18 million investment in Kite, an AI blockchain startup. Kite is building a blockchain to help AI applications communicate with each other. The company has raised $33 million in total. Kite aims to create an internet where AI agents can interact without human help. The company's first project is to allow users to ask ChatGPT to find and buy t-shirts from Shopify stores.

Figure Technologies plans $4.1B IPO for AI chips

Figure Technologies, a Chinese AI company, is planning an IPO with a $4.1 billion valuation. The company provides computing solutions for AI applications. Figure Technologies develops its own AI processors to improve efficiency. The IPO will help Figure compete with chipmakers like NVIDIA and AMD. The company's growth depends on AI adoption in healthcare, finance, and autonomous systems.

AI stocks disrupting big industries

AI is changing industries quickly. Palantir Technologies specializes in big data analytics. Recursion Pharmaceuticals uses AI to speed up drug discovery. Upstart Holdings uses AI to power its lending platform. These three stocks are set to disrupt trillion-dollar markets by using AI.

Sources

AI LayerX MUFG Fintech Automation Investment AI Stocks Snowflake Salesforce ServiceNow Intuit Pure Storage SoundHound AI Kite Blockchain Figure Technologies Palantir Technologies Recursion Pharmaceuticals Upstart Holdings Data Analytics Drug Discovery Lending Platform Back-office Automation AI Software Digital Transformation AI Platforms Machine Learning Natural Language Processing Robotics AI Agents AI Infrastructure AI Chips Series B Funding Revenue Growth AI Solutions Data Storage Cloud Computing AI Processors AI Applications AI Storage AI-driven Products AI Technologies