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VC Lightspeed Bets Big on AI Megadeals Backing Anthropic, xAI, Mistral

In the quiet days before Christmas last year, when most venture capitalists had retreated to holiday escapes in Aspen or Jackson Hole, Lightspeed Venture Partners’ investing team was contemplating a bid for a piece of OpenAI rival Anthropic.The venture capital firm approached Anthropic with an offer to lead a multibillion-dollar investment, according to a person familiar with the matter. An agreement quickly took shape: a $2 billion funding round at a $60 billion valuation, tripling what the sta...

Read more at bloomberg.com

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