Updated

Anthropic has abandoned a proposed roughly $6 billion deal with AI startup Decart, according to new reporting, marking a notable reversal in dealmaking within the fast-moving generative AI sector. Details on the reasons for the collapse were not fully disclosed, but the unraveling highlights the volatility surrounding valuations and partnerships in the AI space. The scrapped deal comes amid intense investor scrutiny of AI-related valuations and dealmaking pace, with several large AI transactions this year facing renewed skepticism over sustainability and terms.