AI VC concentration and Anthropic strategic moves

AI venture capital remains highly concentrated with record billion-dollar rounds. New data: Ramp transaction data shows Anthropic overtaking OpenAI in business share, per-employee spend doubling. $45B AI fund implosion highlights leverage risk. Nvidia cosigning loans for OpenAI adds circular financing dimension. Anthropic confirms in-house chip team. July startup investment data: Oratomic $300M, Norm AI $120M, Safe Superintelligence $5B. Khosla, Y Combinator, Coatue, Nvidia leading. Harvey AI raising $500M at $15.5B valuation with $350M ARR (83% growth since Jan) – strong vertical AI funding signal. Sarvam AI $75M Series B (Nvidia-backed) for Indian vertical LLM. New: AI coding startup consolidation – Cursor hits $3.4B, top 5 hold 74% of capital, median funding $1M. Infrastructure funding diversifying: Eliyan $145M at $1B, Simile $200M at $2B, Intropy $11M seed, Function Health $450M. Latest: AI Mega IPO wave $3.8T combined valuation from SpaceX, OpenAI, Anthropic. New today: HappyRobot $150M Series C at $1.2B (5x growth, 150+ enterprise customers); hedge fund Situational Awareness invests $400M in chip startup Source Foundry despite AUM halved to $10B. Also: MStack AI in talks for $30M, Simplismart raising $50M. Startup funding watch shows massive rounds in nuclear (Sequoia $1B), photonic chips ($3.3B pre-revenue), Physical Intelligence $11B, Cyera $600M, Acrab regional compute, Harvey legal AI.