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  • Anthropic launches $100M AI fund together with Menlo Ventures

Jul 18, 2024

Anthropic launches $100M AI fund together with Menlo Ventures

Bay Area Times
Bay Area Times

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Top stories today:

  1. Anthropic launches $100M AI fund together with Menlo Ventures
  2. TSMC’s net sales +40% YoY to NT$ 673.5B ($20.6B) in Q2
  3. Cybersecurity startup funding +144% YoY to $4.2B in Q2
  4. T-Mobile ranked fastest internet provider in U.S., most states
  5. Harris flips Biden on betting odds after he catches Covid

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0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Anthropic launches $100M AI fund together with Menlo Ventures

X: Mike Krieger, Anthropic’s CPO.

  • Open application form.

  • Checks of $100K+ into seed and Series A startups.

  • OpenAI’s Startup Fund raised $175M in May 2023.

2. TSMC’s net sales +40% YoY to NT$ 673.5B ($20.6B) in Q2

Bloomberg.

  • Net income +36%to $7.6B (37% margin).

  • Guidance of $23.2B in sales in Q3, above the maximum it had guided previously.

  • Stock +3% in the pre-market, after being -8%yesterday on news of tighter export controls and Trump saying that Taiwan took ā€œabout 100%ā€ of America’s semiconduction business.

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4. Cybersecurity startup funding +144% YoY to $4.2B in Q2

Crunchbase.

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