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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.

AI & Enterprise

Anthropic raises $65 billion in Series H round, valuation rises to $965 billion

Anthropic raised $65 billion in a Series H funding round, lifting its valuation to $965 billion. TechCrunch reported the fundraising is likely to be the company’s last financing before an IPO. The round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue and D1 Capital Partners, with other institutional investors participating. Samsung, SK Hynix and Micron also joined. Anthropic said it will use the funds to expand safety and interpretability research, increase computing and expand products and partnerships.

Crypto

Crypto unicorns see market value plunge after listing, some down as much as 99%

Major crypto projects valued at more than $1 billion in private investment rounds have seen their market capitalisation plunge after listing, with some down more than 99 percent, an analysis showed. Data cited by BeInCrypto showed 10 projects now have market caps of $7 million to $294 million, down 88 percent to more than 99 percent from their last venture valuations. Scroll recorded the biggest fall, while Starknet saw the largest loss by value.