🚀 New $100M AI fund

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Market Overview
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Year To Date Performances:

1. Anthropic and Menlo Ventures are launching a $100 million fund, the Anthology Fund, to support early-stage startups utilizing Anthropic's technology. Menlo Ventures will provide the investment capital, while Anthropic will offer $25,000 in credits for its large language models to participating startups. Modeled after Apple's iFund, the Anthology Fund aims to foster the growth of AI startups by providing coaching, quarterly meetups, and direct support without taking equity. This initiative, designed to create a feedback loop for product enhancement, competes with OpenAI's $175 million Startup Fund amid a booming AI startup funding environment, which saw over $24 billion in investments in Q2.

2. The U.S. and Saudi Arabia have pledged to collaborate on civilian space research and exploration, strengthening their joint efforts in areas like aeronautics, education, and Earth science, according to a Tuesday statement by NASA and the State Department. This partnership is formalized through a framework agreement that also highlights the importance of the Artemis Accords, which both nations have signed, committing to transparent, safe, and responsible space exploration. NASA Administrator Bill Nelson and Saudi Space Agency CEO Mohammed bin Saud Al-Tamimi signed the agreement, emphasizing the growing era of exploration rooted in international partnerships. This initiative aligns with Saudi Arabia's Vision 2030, aiming to develop its space sector and diversify its economy.

3. Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199.*

4. Headlines

   1. Roche has announced a new weight loss drug that compete with existing offerings from Novo Nordisk and Eli Lilly.

   2. Spirit Airlines, stock fell after reporting a more significant loss than expected.

   _{* This is sponsored content.}

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Onwards and Upwards,

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