Nvidia in Talks to Back Perplexity at $30 Billion Valuation
Nvidia is in talks to invest in Perplexity at a valuation above $30 billion, a 50% jump from a year ago, as the AI search startup’s revenue triples on its new agent product.
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Nvidia is in talks to invest in Perplexity at a valuation above $30 billion, a 50% jump from a year ago, as the AI search startup’s revenue triples on its new agent product.
Alibaba’s profit fell about 75% in the June quarter as AI infrastructure spending jumped 75%, even as cloud revenue grew 45% and the company touted its new Qwen3.8-Max model.
Nvidia has discussed investing in Mercor, a data-labeling startup that supplies expert data for its Nemotron models, in a round that would double the company’s valuation to $20 billion.
Anthropic’s annualized revenue run rate reached $65 billion at the end of July, a sevenfold jump in seven months, as the Claude maker prepares for a potential fall IPO.
AI video startup Higgsfield raised a $400 million Series B at a $5.4 billion valuation, more than quadrupling its worth in eight months as it pushes into enterprise marketing.
Investors expect Anthropic to target a valuation of $2 trillion or more in an October IPO, which would be the largest listing in history, driven by surging revenue.
Vibe-coding platform Lovable has closed a $400 million funding round at a $13.3 billion valuation, led by Menlo Ventures and the EU-backed Scaleup Fund managed by EQT.
AI startups captured 53% of global venture funding in July, their lowest share since December, even as total investment reached $65 billion in a record month for mega-rounds.
AMD and Anthropic have announced a strategic partnership to deploy up to 2 gigawatts of AMD Instinct MI450 Series GPUs in AMD Helios rack-scale solutions, with the first gigawatt deployment beginning in the first half of 2027.
SoftBank plans to sell about ¥60 billion of notes in Japan this month, its latest raise to fund a mounting AI bet that includes nearly $65 billion committed to OpenAI.
Anthropic has committed $10 million CAD to Canadian research institutions to fund responsible AI development, announcing partnerships with eight universities and institutes including Mila, the Vector Institute, and Amii.
IBM shares sank about 23% after it warned that preliminary second-quarter results fell short, as clients diverted spending toward memory and servers ahead of price increases.
DeepSeek founder Liang Wenfeng’s net worth has more than doubled to $36 billion following a new funding round, making him the wealthiest founder among pure-play AI development companies, according to Bloomberg.
Crypto-focused venture firm Paradigm has closed a $1.2 billion fund, its first with a mandate extending beyond digital assets into artificial intelligence and robotics.
Swedish vibe-coding startup Lovable is reportedly in talks to raise $300 million at a $13.2 billion valuation, double the $6.6 billion it achieved in December 2025.