Shein raises $2B at a ~33% markdown, Google launches AI biotech tools, Zoom partners with Anthropic

WSJ sources: Shein, the Singapore-based fast-fashion retailer, raised $2B led by Sequoia, General Atlantic, and UAE's Mubadala, cutting its valuation by 1/3 to ~$66B; Shein generated ~$23B in revenue and ~$800M in net profit last year - Link

Google Cloud launched two AI-powered tools to help biotech companies fast-track drug discovery and precision medicines; the software is already in use by Pfizer, Cerevel Therapeutics, and Colossal Biosciences - Link

Zoom is partnering with Anthropic to enhance its AI capabilities, starting with customer support improvements, and has invested in Anthropic via Zoom Ventures - Link

Stable Diffusion-maker Stability AI released StableStudio, an open-source version of its DreamStudio text-to-image AI web app - Link

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Rachel joins Jason to discuss Caryn AI and its rapid rise in popularity before explaining Gen Z everyday uses for AI (1:11). They wrap up by breaking down the Senate hearing regarding AI regulation (49:56). - Link

ANYbotics, a Switzerland-based startup building autonomous dog-like robots similar to Boston Dynamics' "Spot," raised a $50M Series B co-led by Walden Catalyst and NGP Capital - Link

Huntress Labs, a startup building cybersecurity solutions for SMBs, raised a $60M Series C led by Sapphire Ventures; the company grew its customer base from ~25K to 100K+ in two years - Link

Meta spun out its CRM product Kustomer, which it acquired for $1B last year, with a new valuation of $250M; Kustomer raised $60M in the spin-out and will continue operations independently, with Meta retaining a minority stake - Link

Hippocratic AI, a startup building an LLM designed for healthcare applications, raised a $50M Seed round at a valuation in the "triple-digit millions" from a16z and General Catalyst - Link

This Week in Startups

E1743: AI girlfriends, memories & recreations + Sam Altman testifies

E1742: Open-source vs. "ClosedAI," demoing new AI tools & more with Sunny Madra & Vinny Lingham

E1741: Using AI to revolutionize video game development with Scenario CEO Emmanuel de Maistre

E1740: Building brands and community + influencer marketing that actually works with Dee Murthy

E1739: Reid Hoffman on AI's "crescendo moment," regulation and real-world applications

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