Town, a startup whose AI agents collaborate with other agents to get work done, has raised $108 million at a $1 billion valuation, only weeks after launching. The Series B was led by Forerunner Ventures and Menlo Ventures, with Andreessen Horowitz also taking part.
Anthropic is reportedly negotiating a $45 billion compute deal with Nscale. It would add to the long series of very large compute agreements Anthropic has signed over the past year.
The Nasdaq 100 fell 5.5% last week, renewing fears that the AI boom is about to turn. Some observers think investors are starting to reassess what AI businesses are really worth, against an estimated $1 trillion of AI investment this year.
Tel Aviv-based doubleAI has raised $200 million in a Series A co-led by Lightspeed and Bessemer, with Nvidia and Dell among the other investors. According to CTech, the round values the AI model developer at more than $1 billion.
Jim Cramer has cautioned investors against piling back into AI stocks too quickly after the recent rebound, and set out what he wants to see first.
CNBC host Jim Cramer argues that the 1987 stock market crash holds a lesson for investors after the recent sell-off in AI stocks.