Spark Capital’s $75M Anthropic bet is now worth about $7B

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

A young company built to grow quickly, often around a new product or technology, usually funded by investors.

Startups create new jobs and industries, but most fail, which is why funding rounds are closely watched.

Money invested in young, high-growth companies by specialist funds in exchange for a share of ownership.

Venture funding decides which startups can grow and is a barometer of investor appetite for risk.

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.