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- Anthropic and Databricks partner to drive AI agent adoption
Anthropic and Databricks partner to drive AI agent adoption
TL;DR. As AI agents become the new battleground for enterprise dominance, Databricks and Anthropic are teaming up to chase the big money. Meanwhile, OpenAI forecasts billions in revenue but won’t hit cash-flow positivity until 2029… Who knew non-profits could be so profitable? (We all did — cough cough, NGOs.)
Anthropic, Databricks Team Up in Scramble for AI Revenue
Anthropic and Databricks announced a $100 million, five-year partnership aimed at helping large enterprises build AI agents using Claude models and Databricks’ data infrastructure. The deal marks a major alliance between two of AI’s most prominent players, both seeking to justify their sky-high valuations in a market still uncertain about the utility of AI agents. Joint customers like Block are already using the tech for tasks like software development, while executives acknowledge that reliability remains a key hurdle to enterprise adoption.
OpenAI doesn’t expect positive cash flow until 2029
Despite forecasting $125 billion in revenue by 2029, OpenAI expects to remain cash-flow negative for the next several years due to the steep costs of developing and deploying advanced AI. The company projects $12.7 billion in revenue in 2025, up from $3.7 billion in 2024, but high expenses from chips, data centers, and talent are delaying profitability. OpenAI declined to comment on the report.
Leaked data reveals China’s AI censorship infrastructure
A leaked dataset shows China is using a sophisticated LLM-based system to automate censorship, flagging over 133,000 examples of politically sensitive content. The AI targets social unrest topics, military matters, and political satire, enhancing the efficiency of state-led repression. Experts warn it signals a new frontier in authoritarian information control.
23andMe files for bankruptcy amid cratering demand
DNA testing company 23andMe filed for Chapter 11 bankruptcy following years of volatile sales, weak demand for ancestry kits, and fallout from a massive data breach. Its valuation plummeted from a $6B peak to near-zero levels. Privacy concerns now loom large as regulators and customers scrutinize how genetic data will be handled through the sale process.
Key benefits of investing in the secondary markets
Navigating the secondary market is like setting the itinerary for a trip. Picking a destination is one thing. Figuring out where to go and what to do once you’re there is another entirely.
There are many variables to consider when planning to invest in secondary markets — and equally as many opportunities. For those looking to invest in private markets, it’s important to understand these complexities first, before plotting a route to success.
Quick Takes
Cheerio! Until next week.
-Noel