Venture Capital

The Information's in-depth reporting about the venture capital industry includes coverage of the major firms in the space, such as Sequoia, Tiger Global Management, and Andreessen Horowitz. Our team breaks the news about major funding deals, firm strategies and more.

Recent Articles about Venture Capital
Josh Wolfe, founder and managing director, Lux Capital. Getty Images.
Dealmaker

Lux Capital’s Big Warning

By Katie Roof · Mar 3, 2026 4:34pm PST · 4 comments
A venture firm just said the quiet part out loud: Things aren’t as copacetic in startup land as those sky-high AI valuations would suggest. Lux Capital on Tuesday published a letter it had sent to founders it has funded, urging them to prepare for a slew of business risks. The venture capital firm, which has backed Anduril and Ramp,... A venture firm just said the quiet part out loud: Things aren’t as copacetic in startup land as...
U.S. Secretary of Defense Pete Hegseth (left) and Under Secretary of Defense (Research and Engineering), Emil Michael at the Pentagon in July. Win McNamee/Getty Images.
AI Agenda

The OpenAI and Anthropic Execs at the Center of the Pentagon Action

By Stephanie Palazzolo · Mar 3, 2026 7:00am PST · 1 comment
OpenAI was on the backfoot on Monday. Current and former OpenAI employees took to social media to share concerns about their employer signing an agreement with the Pentagon that seemed to accept at least some terms Anthropic had rejected. A surge in people uninstalling the ChatGPT app from their phones over the weekend, according to TechCrunch,... OpenAI was on the backfoot on Monday. Current and former OpenAI employees took to social media to...
What Anthropic Stands to Gain From Pentagon Stance
The Briefing

What Anthropic Stands to Gain From Pentagon Stance

By Martin Peers · Mar 2, 2026 5:05pm PST
Could fighting with the Pentagon be the best thing that ever happened to Anthropic? On Friday, Defense Secretary Pete Hegseth’s designation of Anthropic as a “supply chain risk” looked like it could pose an existential threat to the AI firm. Not only could it lose customers, but, depending on how broadly the designation is interpreted, it could... Could fighting with the Pentagon be the best thing that ever happened to Anthropic? On Friday,...
Sam Altman. Photo by Getty Images
The Loopholes in OpenAI’s Pentagon Deal
By Erin Woo · Mar 2, 2026 7:00am PST
Sam Altman. Photo by Getty Images
AI Agenda

The Loopholes in OpenAI’s Pentagon Deal

By Erin Woo · Mar 2, 2026 7:00am PST
What a weekend! Anthropic is now poised to sue the Pentagon, after being labeled a “supply chain risk,” while OpenAI has its own agreement allowing the agency to use OpenAI’s models in “classified environments.”There are still plenty of unanswered questions, including how big of a business risk being designated a “supply chain risk” poses... What a weekend! Anthropic is now poised to sue the Pentagon, after being labeled a “supply chain...
Getty Images
The Briefing

What OpenAI Saw That Anthropic Didn’t

By Martin Peers · Mar 1, 2026 3:00pm PST
Before we get to the scheduled events for this coming week—Mobile World Congress in Barcelona, starring SpaceX, as well as Apple’s master class in hyping product releases—we should acknowledge just how much of a turn the AI debate has taken from humdrum concerns about spending. Friday night’s decision by the Trump administration to declare war... Before we get to the scheduled events for this coming week—Mobile World Congress in Barcelona,...
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Sunday Insights

Thrive, Andreessen Horowitz Head Fastest-Growing VC Firms

By Julia Hornstein · Mar 1, 2026 8:00am PST · 1 comment
The biggest venture capital funds are getting even bigger. In the past three years, the top firms have raised billions of dollars—in some cases more than half the total amount they’ve raised in their lifetimes. Take Thrive Capital, which in February said it had raised $10 billion in new funds. The backer of OpenAI and Stripe has raised... The biggest venture capital funds are getting even bigger. In the past three years, the top firms...
From left: Meta CEO Mark Zuckerberg, Nvidia CEO Jensen Huang, Google CEO Sundar Pichai via Getty
Exclusive

Google Strikes Multibillion-Dollar AI Chip Deal With Meta, Sharpening Nvidia Rivalry

By Amir Efrati and Anissa Gardizy · Feb 26, 2026 3:14pm PST
Meta Platforms has signed a deal to rent Google’s AI chips, known as tensor processing units, to develop new AI models, according to a person involved in the talks. The multi-year deal is worth billions of dollars, said a person who was briefed about it. Meta has also been talking to Google about buying TPUs for its data centers as... Meta Platforms has signed a deal to rent Google’s AI chips, known as tensor processing...
Image from Getty Images.
A Robot Data Startup Raises $60 Million
By Rocket Drew · Feb 26, 2026 7:00am PST
Image from Getty Images.
AI Agenda

A Robot Data Startup Raises $60 Million

By Rocket Drew · Feb 26, 2026 7:00am PST
Companies developing AI models to power humanoid and other robots have been hard at work collecting videos and other data for training their models, even paying people to record themselves completing tasks in homes and workplaces. As these data-collection efforts start to pay off, and robots take on some of those tasks, the robot developers... Companies developing AI models to power humanoid and other robots have been hard at work...
Pro subscription required icon Pro subscription required icon Artwork by Clark Miller
Deep Research

From Vision to Constraints: The Lessons of OpenAI’s Stargate Buildout

By The Information Staff · Feb 25, 2026 1:49pm PST · 1 comment
OpenAI’s ambitions to build some of the world’s largest AI data centers have evolved significantly over the past two years, offering a revealing look at how difficult it is to translate demand for compute into physical infrastructure. Shifts in partners, scope and timelines highlight the financial and operational trade-offs that come with... OpenAI’s ambitions to build some of the world’s largest AI data centers have evolved...
Photo courtesy of Saronic.
Exclusive

Autonomous Warship Startup Saronic Raising at $7.5 Billion Valuation

By Cory Weinberg and Katie Roof · Feb 25, 2026 12:52pm PST · 2 comments
Saronic, a startup that builds autonomous warships, is raising as much as $1.5 billion in a financing that would value the company at about $7.5 billion, before including the investment, two people with direct knowledge of the matter said. Kleiner Perkins, the storied venture capital firm that has done few defense tech deals until now, has... Saronic, a startup that builds autonomous warships, is raising as much as $1.5 billion in a...
Andrew Feldman, Cerebras Systems. Art by Clark Miller; Getty Images.
AI Agenda

Why OpenAI’s Cerebras Chip Deal Matters; What Anthropic Wants to Know About Chinese Rivals

By Stephanie Palazzolo and Rocket Drew · Feb 25, 2026 7:00am PST
OpenAI executives have repeatedly signaled, both publicly and privately, that the only factor limiting the company’s revenue growth is access to computational resources. Chief Financial Officer Sarah Friar wrote an entire blog post on this topic earlier this year, and OpenAI executives highlighted the message again in a presentation to investors... OpenAI executives have repeatedly signaled, both publicly and privately, that the only factor...
Art by Getty Images
Why ChatGPT Faces Language Barriers
By Stephanie Palazzolo · Feb 24, 2026 7:00am PST
Art by Getty Images
AI Agenda

Why ChatGPT Faces Language Barriers

By Stephanie Palazzolo · Feb 24, 2026 7:00am PST
Many AI researchers believe AI models that listen and speak to people are trailing text-based models in capabilities and performance. That gap is even bigger when you look at audio models for languages other than English, especially outside the Western hemisphere.That could be a big issue for companies like OpenAI that are aggressively trying to... Many AI researchers believe AI models that listen and speak to people are trailing text-based...
Art by Getty Images
AI Agenda

OpenAI’s GPT-5 Dip; Why Agents Are Hard to Evaluate

By Stephanie Palazzolo and Rocket Drew · Feb 23, 2026 7:00am PST
Before we get into today’s column, Friday’s story from Sri and me confirmed what many had been hypothesizing since OpenAI’s release of GPT-5 in August: ChatGPT’s growth hasn’t been as strong as OpenAI hoped.The story is more nuanced, obviously. The chatbot has hit new highs in terms of weekly active users—910 million, to be exact as of earlier... Before we get into today’s column, Friday’s story from Sri and me confirmed what many had been...
Art by Clark Miller
Exclusive

Inside OpenAI’s Scramble to Get Computing Power After Stargate Stalled

By Anissa Gardizy · Feb 22, 2026 11:00am PST · 4 comments
When President Donald Trump announced the $500 billion Stargate AI data center project in January 2025, the three companies charged with developing it promised to move with lightning speed, spending $100 billion almost immediately to start building 10 gigawatts of computing capacity. More than a year later, the Stargate joint venture has not... When President Donald Trump announced the $500 billion Stargate AI data center project in January...