Tech
In more good news for Amazon, Snowflake signs $6B deal with AWS for AI CPU chips
Cloud data storage giant Snowflake has signed a new $6 billion five-year agreement with the cloud provider, the companies announced on Wednesday.
Snowflake has always run on Amazon Web Services — though obviously, these days, it is also available on Microsoft Azure and Google Cloud. For comparison on just how big this deal is for these companies, Snowflake has sold $7 billion worth of its services via AWS Marketplace total since it was founded in 2012, AWS says. So it’s contracting to spend on AWS equal to almost all the money it has ever brought in from that cloud.
It can do that because Snowflake’s customers are accelerating their spending on AWS as of late, Snowflake says, doubling their spending in 2025 to $2 billion for that calendar year.
What’s driving the growth is, naturally, AI. Snowflake has been offering its AI building tool, Cortex AI, for a couple of years now. It’s a tool that makes sense: Snowflake is where much of an enterprise’s data lives. The AI tool can provide features like a text interface for database queries (just ask, in regular language), summary reports, and so on.
Of particular note is that Snowflake is signing this contract for more access to AWS’s home-grown ARM-based CPU chip, Graviton.
As AI moves from training to daily usage to automation via agents, CPU usage skyrockets. While GPUs handle training and reasoning, CPUs handle most of the rest of the tasks associated with AI, particularly agents.
Amazon CEO Andy Jassy last month boasted that Amazon’s own homegrown AI chips offer “better price-performance” than Nvidia’s offerings, though AWS still uses Nvidia’s chips in its cloud. Demand is so high for AI processing that hyperscalers like AWS are deploying them as fast as they can. On top of that, all of the major AI model makers (and many other AI offerings) have architected their apps specifically for Nvidia’s chips.
Still, Amazon’s own chips are a more affordable option for the cloud giant to deploy. Amazon, ever the price-conscious company, says it passes those savings along to its customers.
Consequently, these chips are luring in new multi-billion-dollar deals. Last month, for instance, AWS signed a deal to provide millions of Graviton chips to Meta for its growing AI compute needs. That was a big win for AWS because Meta had signed a $10 billion deal with Google Cloud a few months earlier.
More than that, these deals are serving as notice to Nvidia that competitive CPUs from the cloud giants are attempting to come for its lunch. Google has also been making its own AI chips for years. Microsoft just launched its Maia AI chip in January.
Not surprisingly, Nvidia CEO Jensen Huang said last week that he’s more than ready to defend, and even grow, his turf. The new AI-specific CPU his company has developed, called Vera, represents a ‘brand new” $200 billion market for Nvidia, he proclaimed after delivering another record-breaking quarter last week. And he’s already sold $20 billion worth, he said.
While Nvidia may not be giving up market share to Amazon or any cloud provider that easily, AWS’s multi-billion-dollar cloud deals show how AI is lifting its boat. Whichever companies benefit most from the rise of AI in our work and home lives, the cloud providers are getting their share.
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Tech
Robot data startup Mecka AI nabs $60M from Sequoia
Mecka AI, a startup that collects and analyzes human motion data to train humanoid robots and other kinds of robots, announced it has raised a $60 million Series B round led by Sequoia, with participation from Nvidia, Microsoft’s venture fund M12, and others. TechCrunch had previously reported that the startup was nearing a new funding round at a $500 million valuation.
Founded in 2024, the startup intends to do for robotics what Scale AI, Mercor, Surge, and other data-labeling companies have done for LLMs. Those companies supply the human-generated data these systems learn from. Mecka pays people to record themselves doing everyday tasks, like making coffee or fixing cars, while wearing body sensors and using smartphones.
Other startups that collect real-world data for robot training include XDOF, which was in talks to raise a Series B round at a $1.2 billion valuation according to TechCrunch’s previous reporting. Human-data platforms that began with LLMs are also expanding into robotics, such as Scale AI and Micro1.
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Tech
While VCs crowd into San Francisco, Endeavor Catalyst raises $320M for founders ‘elsewhere’
Endeavor Catalyst has closed its fifth fund with $320 million in capital commitments, bringing the firm’s total assets under management to more than $850 million. The raise is good news for founders outside the Bay Area who risk getting overlooked as more funds focus squarely on AI companies in Silicon Valley.
Catalyst is the venture arm of Endeavor, a New York-based global nonprofit that has spent 30 years supporting founders outside major tech hubs. (It calls all those other places “elsewhere” throughout its marketing materials.)
The fund is run by managing partner Allen Taylor, a 20-year veteran of the organization, and managing director Jackie Carmel, who joined Endeavor 12 years ago, along with a 16-person team. The official general partner, though, is Endeavor itself. What that means, says Linda Rottenberg, who co-founded Endeavor and helped start Endeavor Catalyst in 2012, is that “half of the fund’s profits go back to Endeavor, so every investment helps the next generation of founders who are building elsewhere.”
The bar for those founders is pretty high. A person first has to get into Endeavor’s network, where he or she can access Endeavor’s mentoring and extensive network, and that’s hard. Last year, the group says it screened more than 10,000 candidates and picked 88. The network now has more than 3,100 entrepreneurs in over 50 countries.
When one of those founders’ companies raises at least $5 million in a round led by another institutional investor, Catalyst can join in on the same terms as that lead. The team tells TechCrunch that checks usually run $1 million to $3 million but can’t exceed 10% of the round.
Over the next few years, they plan to make 40 to 50 investments annually, investing in up to 150 companies altogether with this new fund, they say.
Taylor wouldn’t share numbers on cash-on-cash returns tied to its earlier funds, but he did point to some impressive-sounding numbers. Across all five funds, he says, Endeavor Catalyst has backed 437 companies in 44 markets. Eighty-three of those startups are currently valued at $1 billion or more, he says, and the unit has seen 39 exits and 11 IPOs.
Some of the venture arm’s most valuable holdings right now include four-year-old ElevenLabs, the maker of AI voice tools that was recently valued at $22 billion in a secondary sale (it was founded in Poland originally), and Bending Spoons, the 13-year-old Italy-based conglomerate that went public in July and which currently boasts a $26 billion market cap.
Other holdings include New York-based Reflection AI (founded by two former Google DeepMind researchers — one of whom was born in Greece) that is now valued at $25 billion; Checkout.com, whose founder is Swiss and that was valued last year at $12 billion; the African payments infrastructure company Flutterwave, valued this summer at $3.2 billion; and Replit, co-founded by Amjad Masad, who is Palestinian-Jordanian. Replit snagged a $9 billion valuation earlier this year.
Endeavor, the nonprofit, has especially well-connected people associated with it, including board members Reid Hoffman; Nick Beim, a career VC who has spent the last 25 years at Matrix Partners, then Venrock; and Edgar Bronfman Jr., the former head of Warner Music and Seagram, who chairs Endeavor Global’s board.
Greek Prime Minister Kyriakos Mitsotakis is a longtime friend of Endeavor, too, including appearing routinely at Endeavor events. (Late last month in San Francisco, I sat down with him during a rare visit to the Bay Area meet with tech founders and Greek expatriates.)
Altogether, Endeavor Catalyst’s newest fund includes 400 limited partners, including Hoffman, famed hedge manager Bill Ackman, and the Dutch investment group Prosus. According to Taylor, roughly 30% of those backers are Endeavor founders themselves, including founders of Nubank, Revolut and Checkout.com.
While so much attention is paid to what’s happening in San Francisco and its immediate environs right now, the bets of Endeavor Catalyst suggest what other investors may be missing, and Endeavor, with local teams and mentors in dozens of countries, seems particularly well positioned to see it.
Indeed, about 90% of the venture arm’s investments are outside the U.S., it says. Europe is its fastest-growing region, with 12 new investments in the first half of 2026 compared with 14 in all of last year, though Latin America is still the largest.
Repeat founders are also becoming a bigger part of the mix. Taylor tells TechCrunch that roughly 14% of Endeavor Catalyst’s fourth fund went to second companies started by Endeavor founders at the seed or Series A stage. With this new fund, the team expects that number will reach 20%
Pictured above: Endeavor co-founder Linda Rottenberg on stage in Turin, Italy, earlier this month.
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Tech
Google Docs Can Now Edit Markdown Natively — Can It Replace Obsidian?
Google Docs can now edit Markdown files natively, narrowing the gap with Obsidian for teams that write, review, and collaborate on .md files.
The post Google Docs Can Now Edit Markdown Natively — Can It Replace Obsidian? appeared first on TechRepublic.
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