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AI & Enterprise

Clay raises $115 million for B2B sales and marketing AI, valuation more than doubles in a year

B2B sales and marketing AI startup Clay has raised $115 million and will be valued at $7.1 billion, the New York Times reported. The round was led by Wellington Management, with Sequoia Capital, a16z Perennial, DST Global and Alphabet’s CapitalG also participating. Clay has focused on autonomous AI agents over the past year. CEO Karim Amin said annualised revenue this quarter will reach about $200 million.

Crypto

Wyoming to tighten reserve verification for FRNT stable token with Chainlink integration

The U.S. state of Wyoming will adopt Chainlink’s reserve verification system for its government-issued stable token, Frontier Stable Token, known as FRNT. The Wyoming Stable Token Commission plans to publish on-chain data on FRNT reserves and token supply using Chainlink’s proof-of-reserves function. The state aims to narrow disclosure intervals by combining Chainlink infrastructure with independent checks by The Network Firm. It is also reviewing Chainlink’s Secure Mint feature to limit issuance when reserves are insufficient.

AI & Enterprise

Berkshire CEO steps up $10 billion bet on Alphabet with two-track investment in AI and power infrastructure

Berkshire Hathaway is expanding its investment in Alphabet, betting on growth in the artificial intelligence industry while also seeking gains from rising power demand from data centres. Greg Abel, Berkshire\'s CEO, said the company sees Alphabet as a key AI player and also expects indirect benefits as Berkshire Hathaway Energy supplies electricity to data centres. Berkshire approved an additional $10 billion Alphabet purchase and plans large energy infrastructure spending through 2026.