| Mobile Web

Search results for Menlo Ventures

AI & Enterprise

Startups race to build in-house AI models as fintech joins in

Startups are accelerating efforts to develop their own AI models rather than rely on those from OpenAI and Anthropic, driven by cost pressures, a desire to cut dependence and a push for greater control. Legal AI startup Harvey launched an in-house model based on Moonshot AI’s open-weight Kimi K3 after its gross margin turned sharply negative. Healthcare, customer support, fintech, coding and design startups are also building or considering custom models.

AI & Enterprise

Tech Insight: Nvidia\'s Hugging Face acquisition highlights shift in AI power

Two recent deals in the AI market have drawn attention: Nvidia\'s $12.9 billion acquisition of Hugging Face and payments platform Stripe\'s $7.5 billion purchase of AI model routing firm OpenRouter. Menlo Ventures principal C.C. Gong wrote on X that both companies benefited as AI models became more common. He said their value lies in aggregation, tooling and communities that shape where developers run models, creating network effects that acquirers can monetise.

Crypto

Bitwise CEO urges tech workers hit by AI layoffs to look to crypto industry

Bitwise CEO Hunter Horsley suggested that tech workers facing AI-driven restructuring consider moving into the cryptocurrency industry. He said the current turbulent market could offer opportunities for capable engineers and called for practical, problem-solving talent. The comments come amid broader Silicon Valley anxiety about automation’s impact on jobs and wealth. Traditional financial firms have posted crypto-related roles, while rising AI costs are also cited as adding pressure on hiring.