Nearly 200 Silicon Valley companies, including Proton and Y Combinator, are urging the Trump administration not to cut off access to open-source Chinese AI models or risk crippling the next generation of American startups. On Wednesday, the newly formed Little Tech Association sent letters to President Donald Trump, Commerce Secretary Howard Lutnick and other members
Anthropic jumped to a revenue rate of $47 billion in May, up from $9 billion in 2025. It’s the kind of growth Menlo Ventures’ Matt Murphy says he’s never seen in 25 years of investing, not in the Internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropic’s $500 million Series
Tesla has some numbers to tout its progress on Robotaxi. CEO Elon Musk and other executives said during Tesla’s second-quarter earnings conference call Wednesday that the company continues to expand its autonomous ride-sharing platform, adding more cities and more unattended rides. Since Tesla first launched Robotaxi in June 2025 with a small fleet of Model
As social media has evolved from a place to connect with friends to full-scale entertainment platforms, a startup called Yope is quietly building what it believes will be the future of online connection: social networks without algorithms, without ads, and without public content. Yope’s app, now backed by a $12.3 million round led by Northzone,
The bill for Google’s AI overspending is yet to come. Google said Wednesday that its second-quarter free cash flow turned negative by $5.9 billion, as the company’s capital spending continues to rise. It’s the first time the company has reported negative free cash flow in decades, according to AlphaSense, a sign of how much money
Travis Kalanick’s robotics company Atoms has raised $1.7 billion in a funding round led by Andreessen Horowitz. Ben Horowitz will join the company’s board of directors following the investment. Bain Capital, Fifth Wall and others participated in the round. Perhaps most notably, Uber also joined the funding round, reconnecting Kalanick with the company he founded,
