Tech layoffs are at their worst since 2023, and AI is a big reason

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• Alcatraz, which develops AI-powered facial-recognition security systems for building access, raised a $50M Series B, bringing its total funding to $100M+
• Sources: Sarvam AI is close to raising $300M-$350M at a ~$1.5B valuation, which could close as soon as next week; Bessemer Venture Partners is expected to lead
• Source: Anthropic has acquired Coefficient Bio, which was developing a platform that enables AI to run biotech tasks such as planning drug research, for ~$400M
• Arcee's new, open source Trinity-Large-Thinking is the rare, powerful U.S.-made AI model that enterprises can download and customize
• The New York Times drops freelance journalist who used AI to write book review