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Anthropic expects its IPO to match or exceed SpaceX’s record $75bn raise, and could file publicly as soon as the end of this month. It made a net loss of almost $42bn in 2025, five times the year before. Anthropic expects its stock market debut to match or beat the largest one ever held. SpaceX […]
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Anthropic is targeting an IPO the size of the largest ever Read More »
Etched has raised $700mn at a $21bn valuation in a round led by Jane Street, doubling the $10.3bn it was worth on 23 July. It has also completed its first customer delivery, a rack shipped to Jane Street. Etched has raised $700mn at a $21bn valuation, led by Jane Street, and has shipped its first […]
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Etched raises $700M at a $21B valuation led by Jane Street Read More »
EliseAI is in talks to raise $300mn at a $3.7bn valuation, according to Business Insider. Katie Roof reported the round on Tuesday, citing sources familiar with it. Andreessen Horowitz and Bessemer Venture Partners are in talks to lead it. The details are not settled. Roof wrote that the numbers could still change. EliseAI, a16z and […]
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EliseAI is in talks to raise $300mn at a $3.7bn valuation Read More »
Situational Awareness lost roughly $30bn in July. The desk reported that three weeks ago. What happened inside those six days has not. Gregory Zuckerman, Juliet Chung and Peter Rudegeair have reconstructed it for the Wall Street Journal, and the sequence is stranger than the number. The phone call that gave it away David Mann runs […]
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Situational Awareness ran two auctions at once, and one set of bidders never knew Read More »
Every few years, someone promises to abolish the hard drive. The latest is Space, a San Francisco startup coming out of stealth with $2.4m in pre-seed funding and an unusually literal pitch: a distributed filesystem that lets people and AI agents work across petabytes of live data while using, the company claims, zero local disk […]
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Nik Storonsky, the man behind Revolut, has closed a $500m second fund for QuantumLight, the algorithmic venture-capital firm he co-founded to let software, rather than partners, decide where the money goes. The fund is double the size of QuantumLight’s $250m debut vehicle from last year, a swift escalation for an outfit still trying to prove […]
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A defence software start-up that most of Silicon Valley had never heard of a year ago is suddenly flush with cash, and the reason says a great deal about where the Pentagon is steering the technology industry. Smack Technologies, an Austin-based firm building artificial-intelligence tools for the battlefield, said on Monday that it had raised […]
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Sometimes the most genuine projects emerge from gaps we identify in our own lives or in the society around us. And maybe this should be our focus as a society: to use all the technology at our disposal to solve problems that were almost impossible to address before. Medly AI, a London exam-prep platform built […]
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Medly AI raises $8m to put an AI tutor in front of every UK exam student Read More »
Wispr has raised $280mn at a $2bn valuation. Menlo Ventures led the round, having led the last one too. Total funding now stands at $361mn. The company makes Wispr Flow, a dictation app that turns speech into cleaned-up text in whatever application your cursor happens to be in. Reuters reports the previous round valued it […]
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Wispr raised $280mn at $2bn to argue the text box is finished Read More »
The US Justice Department is investigating Andreessen Horowitz. At issue is whether partners at the venture capital firm improperly sit on the boards of competing artificial intelligence companies. Bloomberg reported the investigation on Monday, citing people familiar with the matter. Those sources put the investigation at nearly a year old. Monday’s story is the first […]
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The DOJ is investigating Andreessen Horowitz over competing board seats Read More »