Anthropic's AI funding spree

The AI Money Firehose Is Still Wide Open

Two of the biggest AI labs just pulled off eye-watering fundraises. Anthropic is reportedly raising $10B at a $350B valuation, while xAI closed an upsized $20B Series E—clear signs that capital is still flooding into frontier AI.

What’s happening:

• Anthropic’s new round, led by Coatue and GIC, would nearly double its valuation from just three months ago. The raise is separate from a recent $15B Nvidia–Microsoft compute commitment and comes as Anthropic gains traction with Claude Code and gears up for a potential IPO alongside OpenAI.

• xAI’s $20B Series E brought in heavyweight backers including Valor Equity Partners, Fidelity, Qatar Investment Authority, MGX, plus strategic investors Nvidia and Cisco. The funding is going straight into infrastructure—massive GPU clusters, expansion of its Colossus supercomputers, and continued development of Grok across text, voice, image, video, and real-time data via X.

Dell: Consumers Don’t Care About AI PCs

In a surprisingly candid CES interview, Dell’s leadership acknowledged that consumers aren’t buying new PCs because of AI features. While every Dell device planned for this year still includes an NPU, the company says AI-first messaging has actually confused buyers rather than driven demand.

From the source: Dell’s head of product, Kevin Terwilliger, summed it up bluntly: consumers care about outcomes, not AI labels. Battery life, performance, and price still matter more than on-device copilots or local models. As a result, Dell is dialing back the “AI PC” narrative in 2026 and focusing instead on practical benefits users already understand.

AI Starts Writing Prescriptions in Utah

Utah has become the first state to let AI renew certain medical prescriptions. Through a pilot with health-tech startup Doctronic, an automated system can handle routine refills for chronic conditions—no human involved.

How it works:

• Patients verify they’re in Utah, the AI pulls their prescription history, walks them through clinical questions, and (if cleared) sends the refill directly to a pharmacy.

• The program is limited to 190 low-risk medications, with higher-risk drugs excluded.

• State officials say the goal is fewer missed refills, lower costs, and less strain on overburdened clinicians.

The pushback: Without physician oversight, critics worry about missed red flags, drug interactions, and misuse—especially as regulators like the FDA haven’t clearly weighed in on how systems like this should be governed.

Not an isolated example. Just days later, OpenAI launched ChatGPT Health, a dedicated space for interpreting test results, connecting medical records, and answering health questions—underscoring how quickly AI is becoming a frontline interface for healthcare.

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