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Anthropic acquires Coefficient Bio for $400M, deepening push into drug discovery and biotech AI

Anthropic has purchased stealth biotech AI startup Coefficient Bio in a $400 million stock deal, acquiring a team of fewer than 10 former Genentech researchers. The acquisition strengthens Anthropic's healthcare and life sciences ambitions as it competes with Google DeepMind, OpenAI, and Nvidia in the race to embed AI into pharmaceutical research workflows.

6 Sources

02 Apr 2026

Cognichip raises $60M to use AI for designing the chips that power AI itself

Cognichip raised $60 million led by Seligman Ventures to build AI models that design advanced computer chips. The startup claims its physics-informed platform can reduce chip design costs by over 75% and cut development timelines by more than half. Intel CEO Lip-Bu Tan joined the funding round and will join the board as the company works with over 30 semiconductor firms.

2 Sources

01 Apr 2026

OpenAI closes $122 billion funding round amid fierce AI competition and profitability questions

OpenAI secured $122 billion in the largest Silicon Valley funding round ever, reaching an $852 billion valuation. But the ChatGPT maker faces mounting pressure from rivals like Anthropic and Google while racing toward profitability. The company is pivoting to enterprise revenue and coding tools while planning a unified AI superapp and potential IPO by year-end.

18 Sources

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