New AI Companies Get More Money

May 12, 2026, 15:00
USTechnology

Introduction

Two new AI companies, Champ AI and Monaco, got a lot of money from investors. They use AI to help businesses work faster.

Main Body

Monaco helps companies sell products. It got 50 million dollars. The company grows very fast. It makes a lot of money every month. Champ AI helps with office work. It got 8.5 million dollars. The software does boring tasks like reading documents and making phone calls. Many other big companies do this work too. But these two companies say their AI is faster and better for customers.

Conclusion

Champ AI and Monaco use this money to hire more engineers. They want to be leaders in the AI market.

Learning

🚀 Action Words (Verbs)

Look at how the article describes what companies do. In English, we put the action word right after the person or thing.

  • Monaco →\rightarrow helps (Company →\rightarrow Action)
  • It →\rightarrow makes (Company →\rightarrow Action)
  • Software →\rightarrow does (Tool →\rightarrow Action)

The 'S' Rule for A2: When talking about one company or one thing (He/She/It), we add an -s to the action:

  • Help →\rightarrow Helps
  • Grow →\rightarrow Grows
  • Make →\rightarrow Makes

💰 Talking about Amounts

To describe money or size, we use simple patterns:

  1. A lot of + [Thing]: A lot of money (Big amount)
  2. Number + [Currency]: 50 million dollars (Exact amount)

Quick Tip: Use "A lot of" when you don't know the exact number but know it is big.

Vocabulary Learning

new (adj.)
not old; just made or started
Example:They bought a new car.
companies (n.)
businesses that sell goods or services
Example:There are many companies in the city.
money (n.)
cash or currency used to buy things
Example:She saved her money for a vacation.
investors (n.)
people who give money to a business to help it grow
Example:Investors gave the startup money.
use (v.)
to employ or make use of something
Example:They use computers at work.
help (v.)
to give support or assistance
Example:Can you help me with this?
businesses (n.)
companies that sell or provide services
Example:The city has many businesses.
work (v.)
to do tasks or labor
Example:She works every day.
faster (adv.)
more quickly
Example:The new phone is faster.
sell (v.)
to give something in exchange for money
Example:They sell clothes online.
products (n.)
items that a company makes or sells
Example:The store sells many products.
million (adj.)
a number equal to one thousand thousand
Example:He earned a million dollars.
dollars (n.)
the currency used in the US
Example:The bill is 20 dollars.
grows (v.)
to become larger or increase
Example:The plant grows fast.
fast (adj.)
quick in speed or movement
Example:He runs very fast.
makes (v.)
to create or produce
Example:She makes cakes.
every (det.)
each one, all
Example:Every student must submit an essay.
month (n.)
a period of about 30 days
Example:The deadline is next month.
software (n.)
computer programs that run on a device
Example:The software updates automatically.
boring (adj.)
not interesting or exciting
Example:The lecture was boring.
tasks (n.)
jobs or duties to complete
Example:She has many tasks at work.
reading (n.)
the act of looking at written words
Example:Reading helps you learn.
documents (n.)
written papers or files
Example:He signed the documents.
making (n.)
the act of creating something
Example:Making coffee is easy.
phone (n.)
a device used to call people
Example:I need to pick up the phone.
calls (n.)
telephone conversations
Example:She received many calls.
many (det.)
a large number of
Example:Many people attended.
big (adj.)
large in size or importance
Example:He has a big house.
do (v.)
to perform an action
Example:Do your homework.
but (conj.)
used to introduce a contrast
Example:I like tea but not coffee.
say (v.)
to speak or express
Example:Please say your name.
better (adj.)
of higher quality or more suitable
Example:This is better than that.
customers (n.)
people who buy goods or services
Example:Customers are important.
hire (v.)
to employ someone for a job
Example:They hire new staff.
engineers (n.)
people who design or build things
Example:Engineers work on bridges.
leaders (n.)
people who guide or direct others
Example:Leaders inspire their teams.
market (n.)
the place where goods are bought and sold
Example:The market is open.