Anthropic raises $3.5B to fuel its AI ambitions

AI startup Anthropic on Monday announced it raised $3.5 billion at a $61.5 billion post-money valuation, led by Lightspeed Venture Partners. The Series E, which also had participation from Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Jane Street, Menlo Ventures, and Salesforce Ventures, brings the company’s total […]

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Fintech startup Ramp nearly doubles valuation to $13B in secondary share sale

Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, the company announced Monday morning. New and existing backers including VC Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures and Definition Capital bought the secondaries from employees and early investors. […]

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Chinese buyers are getting Nvidia Blackwell chips despite U.S. export controls

Upholding export controls on semiconductor chips made in the U.S. may be harder than Washington D.C. thinks. Chinese buyers are getting their hands on computing systems with Nvidia’s Blackwell chips through third-party traders located in other regions, the Wall Street Journal reported. Buyers in Malaysia, Taiwan and Vietnam are buying these resources for their own […]

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UK probes how TikTok, Reddit, and Imgur protect child privacy

The U.K.’s privacy watchdog has launched investigations into three social media companies over how they go about protecting the privacy of children on their respective platforms. The Information Commissioner’s Office (ICO) announced today that it’s looking into how TikTok uses personal information of 13- to 17-year-olds to recommend videos, “in light of growing concerns” around […]

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