Anthropic is chasing a $4B raise
Sources: Anthropic discussed buying AI chip startup MatX for ~$7B, but talks are no longer active; MatX is now seeking to raise new capital at a ~$4B valuation
TL;DRAnthropic dropped talks to buy AI chip startup MatX for $7B; MatX now fundraising at $4B valuation.
Why it matters: Shows major AI labs are prioritizing chip independence, and valuations can swing sharply when mega-deals collapse.
Alphabet agrees to pay £260M to settle a UK class action lawsuit
TL;DRGoogle pays £260M to settle UK lawsuit over allegedly unfair Play Store developer fees.
Cognition is generating ~$900M in annualized revenue, up more than 3x
TL;DRCognition tripled revenue to $900M annually and expects $1.5B by end of 2026.
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