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AI Companies & Funding

Hugging Face’s ML Intern runs your ML experiments from a chat window

A six-hour training run that cost less than $0.50. That’s the number Hugging Face put in the demo video for ML Intern, the assistant it just wired into… 2 min read
AI Companies & Funding

Mistral AI grabs 3 billion euros in Europe’s biggest tech round while its models still trail rivals

Mistral AI just raised 3 billion euros. Its best open model still loses to Chinese ones you can download for free. Both of those things are true, and… 2 min read
AI Companies & Funding

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, and the latest piece is a $35 billion… 2 min read
AI Companies & Funding

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, is extending a $100 million debt facility to… 3 min read
AI Companies & Funding

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 number to sit with before anything else about… 2 min read
AI Companies & Funding

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 total addressable market figure the company is expected… 3 min read
AI Companies & Funding

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 Business Insider, it’s testing the water for an… 2 min read
AI Companies & Funding

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 what companies like Anthropic do. That’s according to… 2 min read
AI Companies & Funding

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, according to Gabriel Vasquez, a partner focused on… 3 min read
AI Companies & Funding

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 to Bloomberg. That’s the number worth sitting with.… 2 min read