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Sources: Anthropic discussed buying AI chip startup MatX for ~$7B, but talks are no longer active; MatX is now seeking to raise new capital at a ~$4B valuation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 abandoned a $7B MatX acquisition; the chip startup now seeks funding at $4B instead.
Why it matters: Shows major AI labs' chip ambitions are shifting; MatX's lower valuation signals skepticism about custom AI chip economics.
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TL;DRCognition tripled revenue to ~$900M annually and expects $1.5B by end of 2026.
Uber says weekly AI agent requests have grown 9.4x since February, but
TL;DRUber's AI usage exploded 9.4x but spending flatlined after burning Q1 budget early.
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