Find XO: Anthropic's $65B Fundraising Sets a New Grammar for AI Funding (techcrunch.com)

- Anthropic raised $65 billion in Series H, reaching a valuation of $965 billion. - Samsung, SK Hynix, and Micron signed up as infrastructure partners rather than financial investors, and asset managers like Blackstone joined, making it look like a pre-IPO bridge round. - A few operators and supply chains on the base model side are becoming more tightly linked. - Domestic teams have better chances by deeply serving specific industry customers rather than chasing the same market.