#ai-funding

#ai-funding

The markets are attempting gains this morning with all three of the major stock market averages seeing green out of the gate. Investors and traders have been battling some weak economic data, not least a skyrocketing unemployment rate, that has dampened sentiment in the final stretch of 2025. If they can hold onto today's gains, not only would it break the Nasdaq Composite's multi-day losing streak but momentum could shift in time for the year-end performance tally, which currently stands up 19.3% year-to-date.

"The thought process is building AI products for billions of Indians, as well as supporting AI products built in India for global markets," Prayank Swaroop, a partner at Accel, told TechCrunch. India is an appealing market with the world's second-largest internet and smartphone base after China and its deep engineering talent. Still, it's also country that lacks frontier model development and hasn't produced many companies pushing the technical frontier of AI, where development remains concentrated in the U.S. and China.

Anthropic has closed a deal to raise $13 billion from investors in a new funding round that nearly triples its valuation to $183 billion, including dollars raised a larger-than-expected haul that makes the artificial intelligence company one of the most valuable startups in the world. The financing, one of the largest to date for an AI company, was led by investment firm Iconiq Capital alongside co-leads Fidelity Management and Research Co. and Lightspeed Venture Partners.