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Latest AI Companies & Funding News

Anthropic’s $35 billion Lambda deal buys 350 megawatts in Texas

Two data center contracts. Two weeks. $80 billion committed. That's where Anthropic is as it heads toward a planned IPO,…

George Tsagkarakis George Tsagkarakis

Bullish is lending USD.AI $100 million to bankroll GPU-backed loans

A crypto exchange is now underwriting the chips that train AI models. Bullish, the cryptocurrency platform and CoinDesk's parent company,…

George Tsagkarakis George Tsagkarakis

Nvidia buys Hugging Face for $12.9 billion as closed labs walk away

Nvidia is paying roughly 80 times annual revenue for a company that makes about $150 million a year. That's the…

George Tsagkarakis George Tsagkarakis

Anthropic’s $30 trillion market pitch is a stretch [IPO]

Anthropic is about to ask investors to believe in a market worth more than $30 trillion a year. That's the…

George Tsagkarakis George Tsagkarakis

Hugging Face Is Reportedly Shopping Itself Around at About $13 Billion

Hugging Face turned down Nvidia last year. The offer would have valued the company at $7 billion. Now, according to…

George Tsagkarakis George Tsagkarakis

Anthropic is reportedly telling investors the truth about the AI backlash

The document that's supposed to sell investors on Anthropic will reportedly include a section about how much the public hates…

George Tsagkarakis George Tsagkarakis

a16z says AI now hands foreign founders the advantage

Forty-four percent. That's the share of investments in Andreessen Horowitz's Apps Fund One and Two that have an international founder,…

George Tsagkarakis George Tsagkarakis

Stripe is reportedly buying OpenRouter for more than $7 billion

Nine months ago, OpenRouter was worth $1.3 billion. Now Stripe is reportedly paying more than $7 billion for it, according…

George Tsagkarakis George Tsagkarakis

Zuckerberg wrote 6,500 words on Meta’s AI future. Why isn’t anyone buying it?

Mark Zuckerberg wrote 6,500 words this week about how AI will empower you, and the loudest response was a shrug…

George Tsagkarakis George Tsagkarakis

Nvidia cuts its OpenAI guarantee to $120B while Anthropic’s revenue defies the bubble talk

Nvidia was supposed to stand behind $250 billion. It's now prepared to guarantee just under $120 billion, according to the…

George Tsagkarakis George Tsagkarakis