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Crusoe's $3.9B Round, Anthropic's $2.15T Signal & China's Full-Stack AI Bet
Audio is available on Spreaker — see link below.
A $3.9B Crusoe round at a $30.9B valuation, Anthropic futures pricing at $2.15 trillion, and two Chinese rounds targeting compute and power independence — today's briefing tracks where AI infrastructure capital is concentrating. Six stories, sharp analysis, no noise.
Audio is available on Spreaker — see link below.
Crusoe Energy just closed three point nine billion dollars at a thirty point nine billion dollar valuation, and that number deserves more than a headline. This is a Denver-based firm that started by burning stranded natural gas at oil fields to mine crypto.
That matters because Crusoe isn't a one-off repricing. It's evidence of a structural shift in where AI capital is concentrating.
Anthropic's situation runs parallel to that thesis, though with a different kind of uncertainty. Perpetual futures on Hyperliquid are currently pricing Anthropic at around two point one five trillion dollars.
Two Chinese rounds closed this cycle that point to something strategically distinct. EVAS Intelligence raised approximately two billion renminbi for RISC-V chip development, at a valuation of roughly fifteen billion renminbi, with over twenty investors participating.
Two smaller rounds round out the picture on where enterprise AI spend is actually going. MIND raised seventy-two million dollars in a Series B led by Crosspoint, valued at around four hundred million, with seventeen times revenue growth.
The metrics to watch from here are straightforward. Crusoe needs to demonstrate that contracted value converts into operational margins at scale.
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