tech

Jon Keegan3/3/25

Anthropic’s new fundraise gives it a $61.5 billion valuation

AI startup Anthropic announced today that it successfully raised an additional $3.5 billion, giving it a valuation of $61.5 billion.

The company, which developed the “Claude” series of AI models, said that the series E fundraising round was led by Lightspeed Venture Partners, along with the venture capital arms of Salesforce and Cisco, among others.

Founded by former OpenAI executives, the company has already raised $8 billion from Amazon, and also counts Alphabet and Qualcomm as investors. Anthropic’s Claude will be powering some of Amazon’s AI-enhanced Alexa reboot.

The Information recently reported that Anthropic is aiming to cut its 2024 $5.6 billion cash burn rate in half and is projecting revenue of up to $34.5 billion in 2027.

Anthropic raises Series E at $61.5B post-money valuation

Anthropic raises Series E at $61.5B post-money valuation

Founded by former OpenAI executives, the company has already raised $8 billion from Amazon, and also counts Alphabet and Qualcomm as investors. Anthropic’s Claude will be powering some of Amazon’s AI-enhanced Alexa reboot.

The Information recently reported that Anthropic is aiming to cut its 2024 $5.6 billion cash burn rate in half and is projecting revenue of up to $34.5 billion in 2027.

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Elon Musk’s SpaceX reportedly in talks to merge with xAI

Tesla CEO Elon Musk is reportedly exploring a merger between SpaceX and his artificial intelligence startup xAI, a move that would bundle rockets, satellites, the social media site X, and AI under one company ahead of SpaceX’s long-anticipated IPO.

According to Reuters reporting, the deal would swap xAI shares for SpaceX stock, potentially valuing the combined operation north of $1 trillion.

The combined companies could also set the narrative groundwork for putting data centers in space — an idea that Musk and a number of other tech billionaires have been floating lately but that may not get off the ground.

Exclusive: Musk's SpaceX in merger talks with xAI ahead of planned IPO, source says

Exclusive: Musk's SpaceX in merger talks with xAI ahead of planned IPO, source says

The combined companies could also set the narrative groundwork for putting data centers in space — an idea that Musk and a number of other tech billionaires have been floating lately but that may not get off the ground.

tech

Translating Microsoft’s CEO Satya Nadella

On yesterday’s second-quarter earnings call, Microsoft CEO Satya Nadella laid out the company’s strategy for growing its AI infrastructure to meet the intense demand it is seeing, while still keeping costs under control. But sometimes tech CEOs can be a little too jargony, so we helped explain some of his lingo in plain English.

(Photo: Fabrice Coffrini / Getty Images)

tech

Driverless Waymo struck a child near school in California

A Google Waymo struck a child near a Santa Monica elementary school during morning drop-off last week, as self-driving cars by Waymo, Tesla, and others continue their expansion across the country. In a blog post, Waymo said the fully driverless car detected the child as they emerged from behind a parked SUV, braked sharply, and reduced speed from approximately 17 mph to under 6 mph before striking the child. The child suffered minor injuries and walked away.

The company reported the incident to the National Highway Traffic Safety Administration, which is currently investigating, adding fresh scrutiny to how robotaxis perform in the wild.

The company reported the incident to the National Highway Traffic Safety Administration, which is currently investigating, adding fresh scrutiny to how robotaxis perform in the wild.

tech

Digging into Microsoft’s cloud backlog

Microsoft’s Azure cloud computing unit is seeing huge demand. In yesterday’s second-quarter earnings call, Microsoft CFO Amy Hood said the company’s commercial bookings increased 230% thanks to large commitments from OpenAI and Anthropic and healthy demand for its Azure cloud computing platform.

Hood said that the company’s “remaining performance obligations” (RPO) ballooned to a staggering $625 billion, up 110% from the same period last year. How long will it take for Microsoft to fulfill these booked services? Hood said the weighted average duration was “approximately two and a half years,” but a quarter of that will be recognized in revenue in the next 12 months.

Shares of Microsoft tanked today, down over 11%, despite the strong beat on revenue and earnings. The drop puts the stock on track to have its worst single-day drop since March of 2020.

Investors may be concerned that while huge, that extra demand was coming only from OpenAI, an issue that Oracle recently experienced.

But Hood said the non-OpenAI RPO still grew 28% year on year, which reflects “ongoing broad customer demand across the portfolio.”

US-ART-BASEL

Meta and Tesla are funding the future with their core businesses — but only one of them is still growing

The two tech giants, on back-to-back earnings calls, made it sound like they’re selling the same AI-powered future. But the picture of the underlying businesses, and how they’re using AI to furnish current sales, couldn’t be more different.

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