Anthropic is moving fast on its next major funding round. The AI company is asking investors to submit their allocation requests within 48 hours, according to sources familiar with the process, a sign that the deal is close to closing. The round could value Anthropic at more than $900 billion, and sources say it could be finalized within two weeks. That valuation would place Anthropic among the most valuable private companies in the world, a striking jump that reflects the scale of investor appetite for frontier AI. Anthropic, which makes the Claude family of AI models, has already raised billions from backers including Google and Amazon. The 48-hour allocation window is a standard closing mechanic, it compresses final commitments and signals the lead terms are effectively set. What remains to be confirmed publicly is the total size of the round and the final valuation. Watch for a formal announcement once the two-week window closes.
Marvell Technology will invest $250 million in India over three years, doubling its workforce and expanding offices in Bengaluru and Hyderabad to advance AI and cloud chip design.
Microsoft, Nvidia, SpaceX, and Palantir have joined the newly formed Open Secure AI Alliance alongside dozens of U.S. and European tech companies. The group aims to set shared AI security standards as fallout from a cyber attack on OpenAI pushes the industry toward coordinated defenses.
Skyroot Aerospace's Vikram-1 became India's first privately built rocket to reach orbit, making India only the third country after the US and China with a private orbital launch capability.
India has approved a ₹1.25 lakh crore ISM 2.0 that replaces the earlier grant-only model with a grant-plus-equity structure, co-investing alongside private venture capital in fabless chip design startups.
