🫴 Crowdfunding It Up

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🌟 Top News in Startupland 🌟 

Anthropic Will Get More Money from Amazon — But Only If It Does This

AI startup Anthropic is about to be worth a whole lot more.

According to The Information, Amazon is considering injecting several billion more into the startup. This investment would be Amazon’s third into Anthropic. The e-commerce giant struck a deal with the OpenAI rival in September of last year, committing to a maximum investment of $4 billion in exchange for a minority stake in Anthropic and that the startup continues using AWS. Amazon maxed out the $4 billion threshold in March this year.

Now, Amazon seems to be aiming for an even more influential stake in Anthropic. On top of the undisclosed billion-dollar deal amount, Amazon is asking Anthropic to make the switch from Nvidia chips to Amazon-developed, AWS-hosted silicon to train its AI. Anthropic has been open about its $2.7 billion burn rate and goals for a $30-40 billion valuation. So, this deal with Amazon could be the golden ticket for the startup to challenge OpenAI’s market dominance.

⚡️ Community Poll ⚡️

Last week, 54% of respondents indicated they anticipate regulatory government agencies specifically focused on AI to be established in the coming years.

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Even More Headlines

💰 AI took up 38% of VC funding in October, with deals totaling a whopping $12.2B

🪖 Anti-phishing startup Jericho Security earned first-ever gen AI defense contract

🌱 How will the startup-friendly Inflation Reduction Act fare in the next administration?

💬 Perplexity will soon be worth $9B, three times its valuation a couple of months ago

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📚 Dive A Bit Deeper 📚

🫴 CROWDFUNDING IT UP — VC is hot on AI’s tail, leaving many other startups no choice but to get creative with funding. Crowdfunding has become an alternative for some consumer startups, in particular. While it doesn’t compare to VC funding in amount, it has become a great way to launch products.

⚕️LISTEN: COLLABORATING WITH HEALTH SYSTEMS — Partnering with large health systems can be challenging for many health tech startups. Startups with products that can integrate well into existing health systems are crucial to partnerships. Listen to some successful examples, and how to make them happen.

🛫 EXITS ON THE RISING? — The 2024 US General Election results have set some bankers and VCs to start thinking about what this means for the startup landscape, specifically regarding IPOs. According to some, the answer is a cautiously optimistic one, with some factors not having to do with the results alone.