AI Companies & Funding

anthropic locks in 350 megawatts of texas compute with 35 billion lambda pact Two data center contracts in the space of two weeks, adding up to $80 billion in commitments. That is Anthropic's position as it moves toward a planned IPO, and the newest piece of the puzzle is a $35 billion cloud computing agreement with Lambda, the Nvidia-backed cloud provider.

Anthropic Locks In 350 Megawatts of Texas Compute With $35 Billion Lambda Pact

nvidias 12 9 billion bet on hugging face arrives as the closed labs drift away Before any other detail about this deal lands, start with the multiple: Nvidia is handing over roughly 80 times annual revenue for a business that brings in around $150 million a year.

Nvidia’s $12.9 Billion Bet on Hugging Face Arrives as the Closed Labs Drift Away

anthropic wants investors to buy a 30 trillion market story ipo Anthropic is preparing to ask investors to believe in a market it values at north of $30 trillion annually. According to the Wall Street Journal, that is the total addressable market number the company is expected to put in front of backers ahead of its planned IPO. Arriving at it requires tallying up every task an AI model might one day handle.

Anthropic Wants Investors to Buy a $30 Trillion Market Story [IPO]

report hugging face sounding out buyers at roughly 13 billion Last year, Hugging Face said no to Nvidia. That offer would have pegged the company's worth at $7 billion. Business Insider now reports that the firm is quietly gauging acquisition interest at something like $13 billion — almost twice the figure it rejected.

Report: Hugging Face Sounding Out Buyers at Roughly $13 Billion

anthropic reportedly plans to tell ipo investors that the public hates The very document meant to persuade investors to back Anthropic will reportedly carve out space to explain how deeply the public resents what firms like Anthropic do.

Anthropic Reportedly Plans to Tell IPO Investors That the Public Hates AI

a16z ai has turned a non u s address into a startup advantage Forty-four percent. According to Gabriel Vasquez, a partner who covers AI apps and helps shape Andreessen Horowitz's global investment strategy, that is the proportion of the firm's Apps Fund One and Two investments backing a company with an international founder.

a16z: AI Has Turned a Non-U.S. Address Into a Startup Advantage

report stripe lining up a 7 billion plus deal for openrouter Just nine months ago, OpenRouter carried a $1.3 billion valuation. Bloomberg now reports that Stripe is prepared to hand over more than $7 billion for the company.

Report: Stripe Lining Up a $7 Billion-Plus Deal for OpenRouter

nvidia halves its openai backstop to 120b as anthropics revenue laughs off the bubble chatter The original figure Nvidia was expected to stand behind was $250 billion. The Wall Street Journal reports that the chipmaker is now willing to guarantee a little under $120 billion, a retreat that followed investor complaints about the scale of risk the company was absorbing.

Nvidia halves its OpenAI backstop to $120B as Anthropic’s revenue laughs off the bubble chatter

apple tells court 11 additional former staff may be tied to openai trade secret leak The list of names in Apple's case against OpenAI has expanded by eleven. A newly submitted court filing says an internal probe identified 11 additional former employees who may have taken part in — or simply witnessed — the suspected leaking of trade secrets, alongside the two people Apple had already accused.

Apple tells court 11 additional former staff may be tied to OpenAI trade-secret leak

palantir posts 1 9b quarter then its ceo accuses ai labs of marxism Last quarter Palantir booked $1.1 billion in profit — more in three months than the entire company brought in as revenue during the same stretch a year before, a comparison CEO Alex Karp made a point of writing into his own shareholder letter. Total revenue landed at $1.9 billion, a 93% jump year over year.

Palantir posts $1.9B quarter, then its CEO accuses AI labs of Marxism