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Anthropic Rakes in $183B Valuation as It Takes on Musk, Altman

Anthropic, the AI startup behind the Claude family of models, has secured a $13 billion Series F financing at a staggering $183 billion post-money valuation, nearly tripling its worth since March. Anthropic is backed by Amazon and Google-parent Alphabet. The company said that the round was led by ICONIQ Capital and co-led by Fidelity and Lightspeed Venture Partners, with institutional heavyweights such as BlackRock, GIC, Qatar Investment Authority, Ontario Teachers’ Pension Plan, and Coatue am

AI Is Golden or ‘Not Rational’: Wall Street’s Battle With Which Road to Take

As investments in artificial intelligence continue to soar, some analysts are raising alarms about a looming bubble that could burst and trigger broader market declines. Others, however, say they’ve never been so sure that it is a growing opportunity. So who is right? Well, on Wall Street, there’s a pick-your-flavor opinion for whatever it is you want to back, so we can’t determine that. But we can show you what each side is thinking. Firstly, that the sector is overvalued. Analysts and invest

OpenAI Is About to Make Employees Millionaires

It’s a figure so large it almost loses meaning: $500 billion. That is the staggering valuation OpenAI, the company behind the revolutionary ChatGPT, could soon command. The company is in discussions with investors for a deal that would allow its current and former employees to sell their privately held shares, a source familiar with the matter told Gizmodo. This type of deal, known in financial jargon as a secondary sale or a tender offer, would more than double OpenAI’s recent $260 billion val

LangChain’s Align Evals closes the evaluator trust gap with prompt-level calibration

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now As enterprises increasingly turn to AI models to ensure their applications function well and are reliable, the gaps between model-led evaluations and human evaluations have only become clearer. To combat this, LangChain added Align Evals to LangSmith, a way to bridge the gap between large language model-based evaluators and human preferenc

Ramp hits $22.5B valuation just 45 days after reaching $16B

In Brief Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation. This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp’s last round. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp announced in March. In his blog post, Glyman laid out his

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

In Brief AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change. Groq raised $640 million at a $2.8 billion valuation in August 2024, making this double the valuation in about a year. Groq previously raised about $1 billion. The new round is led by Austin-based firm Disruptive, Bloomberg reports. The November round was led by BlackRock, with participation from Neuberger Ber

Open-source MCPEval makes protocol-level agent testing plug-and-play

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Enterprises are beginning to adopt the Model Context Protocol (MCP) primarily to facilitate the identification and guidance of agent tool use. However, researchers from Salesforce discovered another way to utilize MCP technology, this time to aid in evaluating AI agents themselves. The researchers unveiled MCPEval, a new method and open-so

LSM-2: Learning from incomplete wearable sensor data

Training and evaluation We leverage a dataset with 40 million hours of wearable data sampled from over 60,000 participants during the period from March to May 2024. The dataset was thoroughly anonymized or de-identified to ensure that participant information was removed and privacy was maintained. Subjects wore a variety of Fitbit and Google Pixel smartwatches and trackers and consented for their data to be used for research and development of new health and wellness products and services. The

SpaceX in talks to raise new funding at $400B valuation

In Brief SpaceX is looking to raise fresh capital by selling new shares to insiders in a deal that would boost its valuation to around $400 billion, according to reporting from Bloomberg. The company’s strategy is to raise money via a fundraising round and separately hold a tender offer to allow employees to sell some of their shares to a select group of investors, anonymous sources told Bloomberg. SpaceX typically holds tender offers twice per year. SpaceX’s valuation has steadily climbed si

College baseball, venture capital, and the long maybe

The Pitch Deck. The deck is often the introduction of a venture capitalist to a company, sent after a warm intro. For the athlete, the pitch deck consists of video and some metrics, posted on Twitter (the LinkedIn of college baseball). In both cases, the best story is (naturally) being told: they aren’t dishonest, but they also aren’t going to emphasize flaws or risks. In my experience, pitch decks are important, but not as important as the underlying business; similarly, terrific video of a bul

College Baseball, Venture Capital, and the Long Maybe

The Pitch Deck. The deck is often the introduction of a venture capitalist to a company, sent after a warm intro. For the athlete, the pitch deck consists of video and some metrics, posted on Twitter (the LinkedIn of college baseball). In both cases, the best story is (naturally) being told: they aren’t dishonest, but they also aren’t going to emphasize flaws or risks. In my experience, pitch decks are important, but not as important as the underlying business; similarly, terrific video of a bul

Fintech Ramp's valuation hits $16 billion in deal led by Peter Thiel's Founders Fund

Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel's venture firm. The $200 million round is the fifth that Founders' has led for Ramp and raised its valuation by $3 billion. It last raised money at a $13 billion valuation in March. Founded in 2019, Ramp offers services that cover corporate cards, procurement, bookkeeping, travel booking, and vendor managemen

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary share sale. Its current valuation is also more than double the $7.65 billion post-money valuation Ramp hit a little over a year ago when it raised $150 million.

Launch HN: Confident AI (YC W25) – Open-source evaluation framework for LLM apps

Hi HN - we're Jeffrey and Kritin, and we're building Confident AI ( https://confident-ai.com ). This is the cloud platform for DeepEval ( https://github.com/confident-ai/deepeval ), our open-source package that helps engineers evaluate and unit-test LLM applications. Think Pytest for LLMs. We spent the past year building DeepEval with the goal of providing the best LLM evaluation developer experience, growing it to run over 600K evaluations daily in CI/CD pipelines of enterprises like BCG, Astr

Saronic raises $600M to mass-produce autonomous warships

Austin-based defense startup Saronic has raised a $600 million Series C to build an autonomous ship factory called “Port Alpha,” it announced yesterday, quadrupling its valuation to $4 billion from its last round. Investor Elad Gil led the round, with General Catalyst joining existing investors Andreessen Horowitz, 8VC, and Caffeinated Capital, among others. That should make Saronic the second, possibly third, most valuable defense tech startup in the U.S. after Anduril’s last round valued it

AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say

Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal. The round is being led by returning investor Kleiner Perkins, the people said. The new round comes just six months after Silicon Valley-based Codeium announced that it had closed a $150 million Series C at a $1.25 billion post-money valuation led by General Catalyst with participation of Kleiner Perkins and Greenoak