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What's happening in the industry? (33)
We follow AI, search and digital marketing news and add our own reading.
DeepSeek nears at least $12 billion before its IPO
Chinese AI lab DeepSeek is raising at least 80 billion yuan in a round led by Tencent and CATL. Demand beat its target and the total could approach 100 billion yuan.
Read News · Funding 3 min readChip startup Etched draws offers at $40-50 billion
Etched, which builds chips that only run transformer models, raised $700 million at a $21 billion valuation in September. Weeks later, offers value it at more than double that.
Read News · Funding 1 min readElevenLabs reaches $22 billion in employee share sale
The voice AI company doubled its valuation since February in a $300 million employee share sale. Enterprises bring 55% of revenue.
Read News · Funding 1 min readOpenAI seeks $30 billion round instead of an IPO
Talks could value OpenAI at about $1.4 trillion. Sam Altman said this is the wrong year to go public.
Read News · Funding 1 min readAnthropic's IPO draft: compute spend tripled
A leaked draft shows Anthropic spent $7.33 billion on compute and infrastructure last year. The IPO could value it above $2 trillion.
Read News · Funding 1 min readBond yields at 2007 highs make AI debt pricier
The US 10-year yield hit its highest since 2007. JPMorgan expects $4.1 trillion of AI-related debt to be issued through 2030.
Read News · Funding 1 min readCrusoe raises $3.9 billion at a $30.9 billion valuation
AI infrastructure company Crusoe closed its Series F. Its valuation rose from $10 billion to $30.9 billion in about a year.
Read News · Funding 1 min readAnthropic heads for a second straight profitable quarter
Anthropic told investors its adjusted operating income will be positive for a second straight quarter. Second-quarter revenue was $11.5 billion.
Read News · Funding 1 min readAltman says OpenAI will not go public in 2026
Sam Altman said safety concerns make this the wrong moment for an IPO. OpenAI had reportedly filed confidentially earlier this year.
Read News · Funding 1 min readMistral raises €3 billion at a valuation above €21 billion
French AI company Mistral announced its Series D on September 8, co-led by Samsung Electronics, the EQT-managed Scaleup Europe Fund and PSG Equity.
Read News · Funding 1 min reada16z raises a $1.1 billion fund for the physical side of AI
Andreessen Horowitz's Machine Age Fund will back hardware, from chips, memory, networking and storage up to data centers, robotics and home AI devices.
Read News · Funding 1 min readAI agent Instinct, built by a 23-year-old, hits $2.5 billion
Instinct, which works through a user's apps, texts and calls, raised $250 million. Its broad permissions drew criticism.
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