Venturing since 1976, backing technology start-ups from Silicon Valley
Lovable has secured a $400 million Series C led by Menlo Ventures and Scaleup Europe Fund as it reports $500 million in annualized revenue and 60 million projects on its platform. The Stockholm-based startup also notes in-house AI capabilities and a multiyear Google Cloud deal, signaling rapid growth and expanding backend needs. This is a developing story.
Anthropic researcher Jacob Coxon has resigned and warned that Anthropic and OpenAI are "racing straight to self‑improving superintelligence" and "gambling with our lives," saying builders privately believe AI could kill humanity within the decade. Current and former employees, including Evan Hubinger, have publicly echoed similar existential concerns, prompting fresh calls in Washington for limits and oversight.
TechCrunch reports AMI Labs and World Labs are racing to commercialize world-models that automate spatial intelligence. Public product timelines remain opaque as leaders emphasize ongoing research. Demos range from CGI and game environments to robotics applications, while suppliers admit limited clarity on developers’ plans.
Factory AI and Cognition remain at odds over confidential information and board-level conflicts. Vinod Khosla has publicly criticized Factory while investors debate the implications for valuations and competitive dynamics in AI coding tools.
A wave of multi-million-dollar rounds in robotics and AI-enabled hardware signals a push to bring ‘physical AI’ into real-world production. Companies from Multiply Labs to FieldAI and SiMa.ai are racing to scale their robot-centric platforms, with strategic rounds aimed at forging scalable, cost-effective manufacturing and autonomous systems.
Amazon has appointed Pedram Rezaei, a former Microsoft executive who spent two decades on training foundation models, as a Distinguished Engineer for its Agentic AI and Emerging Technologies group. Rezaei will focus on Quick and Kiro, respectively AWS’s AI assistant and an AI-powered coding tool, as Amazon accelerates its AI strategy.
Anthropic has announced a three-tier system to embed independent evaluators inside its operations, starting with METR at employee-like access level. The move aims to close the gap between what evaluators understand about the company’s systems and what the company understands, with other evaluators like SecureBio and Hugging Face in consideration. This follows a White House accord and CEO Dario Amodei’s call to slow frontier AI development.
Anthropic’s S-1 reveals billionaire-backed stakes and a 5% public-benefit pledge. Co-founders hold large portions, Amazon’s convertible notes could convert to billions, and a $100 billion public-benefit fund is planned as the company targets a multi-trillion-dollar IPO. Founders pledge 80% of equity to philanthropy, while strategic investors loom large in governance and control.