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AI & Enterprise

Bezos also bets as CuspAI teams up with Nvidia to find new materials for AI chips

British AI startup CuspAI has raised $450 million and will work with Nvidia to discover new materials for next-generation semiconductors. CNBC reported the funding values CuspAI at $2.6 billion, with investors including Jeff Bezos’ Bezos Expeditions, Kleiner Perkins and others. CuspAI launched an AI Materials Foundry to link data, labs and computing resources. Nvidia will provide accelerated computing infrastructure, and Meta’s fundamental AI research group will also participate.

AI & Enterprise

Micron backs Anthropic with partnership and strategic investment

Micron Technology has signed a comprehensive partnership with Anthropic covering high-performance memory supply and strategic investment to strengthen cooperation on AI infrastructure. The companies will work on AI architecture design, memory and storage supply-chain visibility and use of Anthropic’s generative AI model Claude. Micron joined Anthropic’s Series H funding round as a strategic investor. Anthropic raised $65 billion in May, lifting its valuation to $965 billion, and Claude has about 30 million monthly active users.

Crypto

CZ warns most AI companies will fail as Anthropic and OpenAI valuations soar

Binance founder Changpeng Zhao warned that many of today’s AI companies will eventually disappear, even as the sector continues to grow exponentially. He said survivors could face sharp price swings and that only a few long-term winners may emerge after an early funding rush. His comments come as valuations jump at private AI firms such as Anthropic and OpenAI, while questions persist over profitability and heavy spending.