February 21, 2026
Peak XV raises $1.3B, doubles down on AI as global VC rivalry in India heats up
Peak XV has raised a substantial $1.3 billion to focus on AI, fintech, and cross-border investments, with a significant portion of this capital earmarked for India. This move underscores the intensifying competition among global venture capital firms in the Indian market, particularly in the AI sector. As Peak XV navigates recent partner departures, this funding round highlights the firm's commitment to maintaining a strong presence in one of the world's fastest-growing tech ecosystems.
New Funding Rounds
New Product Launches
Companies Out of Stealth
Industry Moves
Microsoft's gaming chief Phil Spencer steps down after 38 years, marking a significant leadership change. Asha Sharma from Microsoft CoreAI will take over, signaling potential shifts in strategy for Microsoft's gaming division.
Policy & Regulation
The Trump administration's repeal of Mercury and Air Toxics Standards (MATS) raises environmental concerns as AI data centers increase electricity demand. This policy shift could have significant implications for energy consumption and pollution levels.
Notable Takes
The creator economy is shifting away from ad revenue, as exemplified by MrBeast's diversification into product lines and fintech acquisitions. This trend reflects a broader strategy among creators to build sustainable business models beyond traditional ad-based income.