AI & RoboticsNews

Sequoia to invest in Anthropic, breaking VC taboo on backing rivals: FT

Sequoia Capital is reportedly joining a blockbuster funding round for Anthropic, the AI startup behind Claude, according to the Financial Times. It’s a move sure to turn heads in Silicon Valley. Why? Because venture capital firms have historically avoided backing competing companies in the same sector, preferring to place their bets on a single winner. Yet here’s Sequoia, already…
Read more
AI & RoboticsNews

Well, there goes the metaverse!

Meta’s enormous bet on virtual reality ended last week, with the company reportedly laying off roughly 1,500 employees from its Reality Labs division – about 10% of the unit’s staff – and shutting down several VR game studios, according to The Wall Street Journal. It’s a huge reversal for a company that, just four years ago, staked its entire identity on the…
Read more
AI & RoboticsNews

The rise of ‘micro’ apps: non-developers are writing apps instead of buying them

It took Rebecca Yu seven days to vibe code her dining app. She was tired of the decision fatigue that comes from people in a group chat not being able to decide where to eat. Armed with determination, Claude, and ChatGPT, Yu decided to just build a dining app from scratch – one that would recommend restaurants to her and her friends based on their shared interests. “Once vibe-coding…
Read more
AI & RoboticsNews

Parloa triples its valuation in 8 months to $3B with $350M raise

Berlin-based Parloa has raised $350 million in Series D funding from existing investors, valuing the six-year-old customer service AI startup at $3 billion. The round comes just eight months after the company raised $120 million at a $1 billion valuation. The new round was led by General Catalyst, with participation from returning backers, including EQT Ventures, Altimeter Capital, Durable…
Read more