Microsoft invests in yet another AI company

This is our Wednesday show, focused on startup and venture capital news that matters. We pull the top stories from the week thus far, and give them the Equity treatment to put them into proper context.

On the show today:

• Microsoft invests in Mistral AI: Sure, it's not the biggest check, but as regulatory oversight hovers over Microsoft's shoulder, the deal makes sense.
• Thrasio files for bankruptcy: What happens if you raise billions to pursue a market opportunity, but the market shifts under your feet?
• Glean raises $200M: It turns out that you can raise mega rounds in 2024, you just need to work in enterprise AI, have a few hundred customers, and collect checks from a host of VCs at once.
• And on the venture side of things: COTU Ventures has put together a $54 million fund, while Zacua Ventures has put together a $56 million vehicle.

For episode transcripts and more, head to Equity’s Simplecast website.

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Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

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