Anduril, an artificial intelligence military start-up, is set to complete a new round of funding that will double the value of the company to $28 billion, according to four people familiar with the negotiations. The funding round, which is led by Founders Fund and has not yet closed, is raising up to $2.5 billion, the…
C. Richard Kramlich, an early investor in Silicon Valley who co-founded the investment giant New Enterprise Associates, helping to fuel the booming tech industry, died on Saturday at his home in San Francisco. He was 89. His death was announced by New Enterprise Associates. Mr. Kramlich (pronounced CRAM-lick), whose career spanned more than five decades,…
Jordan Jacobs, an investor at the venture capital firm Radical Ventures, has spent the last few days fielding half a dozen calls from his firm’s investors. All of them wanted to know about DeepSeek, a Chinese artificial intelligence app that topped the app stores over the weekend. DeepSeek had created a powerful A.I. model with…
When a small Chinese company called DeepSeek revealed that it had created an A.I. system that could match leading A.I. products made in the United States, the news was greeted in many circles as a warning that China was closing the gap in the global race to build artificial intelligence. DeepSeek also said it built…
When a small Chinese company called DeepSeek revealed that it had created an A.I. system that could match leading A.I. products made in the United States, the news was greeted in many circles as a warning that China was closing the gap in the global race to build artificial intelligence. DeepSeek also said it built…
Tech stocks tumbled. Giant companies like Meta and Nvidia faced a barrage of questions about their future. Tech executives took to social media to proclaim their fears. And it was all because of a little-known Chinese artificial intelligence start-up called DeepSeek. DeepSeek caused waves all over the world on Monday as one of its accomplishments…
Anduril, a technology start-up that designs autonomous systems and weapons for government agencies and the military, plans to build a $1 billion factory in Columbus, Ohio, the company said on Thursday. It said the factory, called Arsenal-1 and described as a “hyperscale” plant, would bring more than 4,000 job to Ohio and eventually produce tens…
The San Francisco artificial intelligence start-up Anthropic is in talks to raise a new round of funding that could value the company at $60 billion, up from about $16 billion less than a year ago, according to two people with knowledge of the discussions. Led by the venture capital firm Lightspeed Venture Partners, the new…