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New models are launching in Asia that promise Mythos-like capabilities without fear of an export ban. U.S. AI labs may never recover this enormous market.
This week, most of the largest U.S. startup funding rounds centered around the sector one would suspect: artificial intelligence. Beyond that, the next-biggest area for startup funding was biotech.
A fierce talent war is raging in the AI sector, with tech giants like Google facing significant researcher departures to rivals OpenAI and Anthropic. This exodus has impacted Google's market value, highlighting the intense competition for top AI minds. Prominent figures, including co-authors of grou
Venture firm Menlo Ventures has raised $3 billion across two new funds, the largest capital raise in its 50-year history, to invest in AI startups from seed through growth stage. The firm says the new capital will target companies in sectors from enterprise tools to healthcare.
The firm announced that it closed Version One Fund V, a $78 million fund focused on pre-seed and seed investments, along with Opportunities Fund III, a $30 million fund designed to make follow-on investments in its most promising portfolio companies. Read More
