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Reddit suggests it sees AI search as a major growth opportunity
Reddit is positioning AI-powered search as its next major growth opportunity. The company saw its Reddit Answers feature surging from 1 million to 15 million weekly users in 2025. Although Reddit's AI search is not yet monetized, the company called it "an enormous market and opportunity".
ElevenLabs raises $500M at $11B valuation, more than tripling its value in a year
ElevenLabs raised $500 million at an $11 billion valuation, tripling its valuation from a year ago. The startup also reported $330 million in ARR from enterprise voice AI adoption, and ambitious plans to expand its presence in global markets as it builds momentum towards an eventual IPO.
Anthropic releases Claude Opus 4.6, featuring "agent teams" and expanded capabilities
Anthropic released Claude Opus 4.6 with "agent teams" that enable multiple agents to work in parallel on complex tasks, a 1 million token context window, and direct PowerPoint integration, expanding the model's appeal beyond software developers to knowledge workers across industries.
Moonshot AI launches Kimi K2.5; claims it is "the most powerful open-source model to date"
China's Moonshot AI released Kimi K2.5, an open source multimodal model with agent swarm technology that enables up to 100 sub-agents to work in parallel, alongside Kimi Code, a coding tool that rivals Anthropic's Claude Code.
Arcee AI released a 400B-parameter open source Llama 4 Maverick challenger
Arcee AI, a 30-person US startup, released Trinity Large, a 400B-parameter open source model that rivals Meta's Llama 4 Maverick, addressing concerns about China's dominance in open-weight models and uncertainty around US companies' commitment to open source AI.
Data Phoenix Digest
AI Highlights Review: July 23 – August 8
OpenAI's very busy week, from its funding round to its model launches; Clay's $100M Series C; Lovable's new unicorn status; Latent Labs' new no-code web interface; Google DeepMind's Aeneas; FuriosaAI's new partnership with LG AI Research; and more
AI Highlights Review: June 27 – July 7
Apple reportedly considering third-party AI technologies to power the new Siri; Clio acquired vLex; Tech companies score two victories in copyright infringement rulings; Synthflow AI's Series A; Abridge's Series E; Harvey's $300M Series E; and more.
AI Highlights Review: June 9-23
Meta's controversial partial acquisition of Scale AI, Microsoft's Sora-powered video generator, Moments Lab's Series B, Anysphere's third funding round, Multiverse Computing's Series B, a deep learning-assisted painting restoration technique, and more.