DeepMind CEO Demis Hassabis says AI industry not in bubble but warns of excess funding in startups with no products, citing unsustainable multi-billion seed rounds.

Medical AI startup OpenEvidence, known as the 'ChatGPT for doctors,' has doubled its valuation to $12 billion after a new $250 million funding round. The platform is now used by over 40% of US physicians.

Sequoia Capital is set to join a $25 billion+ funding round for AI startup Anthropic, a move that defies the traditional venture capital practice of not backing competing companies.