Unicorns
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Anthropic's quarterly revenue grew 1,127% in a year, and compute commitments hit $895.4 billion
The Claude maker's amended IPO filing shows revenue up 1,127% from a year earlier, a return to an operating loss and about $213.8 billion of its commitments subject to termination rights or contingent conditions.
Anthropic's IPO buyers reportedly want a $1.5 trillion price tag, not $2 trillion
Institutional investors want the Claude maker valued at about $1.5 trillion to $1.6 trillion, the Wall Street Journal reported, as Anthropic's new filing shows $17.0 billion in quarterly revenue and $895.4 billion in compute and lease commitments.
Disruptive's new $10 billion fund is built for about 10 very big bets
The Dallas firm behind Groq and ElevenLabs says it will back approximately 10 growth and late-stage companies with up to $1 billion each, using money from investors it already knows.
Private equity's defense tech rush is a bet on the next buyer, not the battlefield
Buyout firms poured $4 billion into defense growth deals in nine months, per PitchBook. The money is real, but the trade only works if a later buyer pays up for promise.
Spark Capital's $75 million Anthropic bet is reportedly worth about $7 billion before the IPO
At Anthropic's $965 billion private valuation, stakes held by Spark, Menlo, Iconiq and Eric Schmidt are reportedly worth billions. These are paper values, not realized gains.
Legal AI startup Legora raises $550 million at an $8.8 billion valuation
The Swedish company says annual recurring revenue now tops $200 million. Its biggest rival, Harvey, raised the same amount at a much higher valuation just weeks ago.
Anthropic lost over $80 billion in six months, mostly on paper, per the WSJ
Most of the loss is accounting charges, the Journal reported. The bigger story is a compute bill that could reach $750 billion, much of it in contracts with cloud giants that are also rivals.