The AI business Anthropic will receive up to $5 billion from Microsoft and up to $10 billion from Nvidia in a strategic partnership that values Anthropic at around $350 billion. Nvidia and Anthropic plan to work together to "support Anthropic's future growth," according to a blog post on the partnership.

Databricks is reportedly seeking to raise funds at a valuation of $130 billion or more, representing an increase from the $100 billion valuation in a recent Series K funding round.

Lambda has secured more than $1.5 billion in a Series E funding round, bringing its total funding to $2.3 billion. The company, which rents access to advanced AI chips, plans to use the funds to purchase more Nvidia graphics processing units and build its own data centers. Lambda recently signed a multibillion-dollar deal with Microsoft to deploy Nvidia GPUs.

Maxima has raised $41 million in seed and Series A funding as it focuses on automated accounting processes for businesses. The one-year-old startup is valued at $143 million.

Guardio has raised $80 million in a funding round as it develops a tool that detects malicious code created with AI. "Everyone is racing for innovation and market capture. But security is kind of an afterthought," said Michael Vainshtein, the startup's CTO.

Sphere has secured $21 million in Series A funding to enhance its AI-driven tax compliance software. Sphere, which targets companies from Series B to IPO stage, works to "automate registration, calculation, filing, and remittance obligations," according to co-founder Nicholas Rudder.

Senate banking committee Chair Tim Scott, R-S.C., said he expects committee votes on the crypto market structure bill next month, aiming to bring the legislation to the Senate floor in early 2026. The proposal would divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, and it would introduce a new category for "ancillary assets," although bipartisan support remains uncertain as Democrats push alternative language focused on decentralized finance.

Adobe has reached an agreement to acquire search engine optimization company Semrush in a deal worth about $1.9 billion. Semrush has been investing in a concept that it calls "generative engine optimization."

Teva Pharmaceutical Industries said it is seeking startups to participate in a platform focused on accelerating innovation in areas such as AI, digital health and biotech. The company is planning to put "tens of millions" of dollars into solutions generated through the platform.