20VC: OpenAI valuation cut to $1.25T, Google loses $500BN, DoorDash buys Instacart
20VC · rss · 2026-11-05
This episode of 20VC recaps a turbulent week in AI capital markets:
- OpenAI reportedly cut its valuation to $1.25 trillion as its fundraise shrinks
- Google lost $500 billion in market cap in 12 hours amid an AI stock sell-off
- Anthropic's growth slows as an AI price war intensifies
- DoorDash acquires Instacart for $17 billion
- Kalshi raises $1 billion at $40 billion despite legal threats
- Cognition eyes $80 billion; Baseten hits $30 billion and Serval $3 billion
- Physical Intelligence targets a $20 billion valuation
- AI law firm Crosby bids for collapsed legal giant Weil; Salesforce buys Cresta for $2.7 billion as Hugging Face-related deal faces scrutiny
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