Databricks Closes $5 Billion Round at $190 Billion Valuation
Artificial Intelligence
DeepSeek built a Claude Code rival, then quadrupled its prices
Artificial Intelligence
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Government and policyLatest news
ARTIFICIAL INTELLIGENCE
Accel raised $3.5bn. Europe now gets the same fund as the US
The new Accel Europe fund is $800m, exactly the size of its US fund. The India fund shrank, and the reason it grew everywhere else is that seed rounds have stopped being seed rounds.
ANTHROPIC
Lightspeed is selling its OpenAI stake to a fund it will also run
Lightspeed wants about $600m to move its OpenAI stake and four others into a continuation fund, and to add Anthropic. It is the seller, and it will manage the buyer. Venture has imported private equity's most argued-about structure.
ARTIFICIAL INTELLIGENCE
Target appoints its first chief AI officer as retailers scale up AI spending
Chandhu Nair joins from Lowe's on August 24, into a job that barely existed two years ago and now sits in three quarters of large organisations
MICROSOFT
Microsoft told Google it was overreacting in 2010. It has spent five years quietly leaving China
Microsoft China now generates 1.5% of the company's revenue, and at least 15 offices and joint ventures have closed there in five years. In 2023 it discussed leaving altogether. What keeps it there is not the Chinese market.
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