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Early AI darling LangChain is now a unicorn with a fresh $125 million in funding

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LangChain, one of the earliest breakout startups of the generative AI era, announced a $125 million Series B funding round on Monday at a $1.25 billion valuation.

The startup, which created an eponymous open source framework for connecting AI apps to real-time data, hopes its tools can become the default building blocks that companies use to unleash a multitude of AI agents—while its investors believe the company has the potential to become as successful as other foundational digital infrastructure companies like Crowdstrike (for cybersecurity) and Datadog (for data monitoring). 

The round, which was rumored to have been completed over the summer, was led by IVP, with participation from existing investors Sequoia and Benchmark and new backers including CapitalG, Sapphire Ventures, ServiceNow Ventures, Workday Ventures, Cisco Ventures, Datadog, Databricks, and Frontline. LangChain says its tools are already used by AI teams at companies like Cisco, Replit, Clay, Cloudflare, Workday, and ServiceNow.

The company argues that building reliable AI agents—systems that can reason, act, and use tools on behalf of users—is still far too difficult. “Today, agents are easy to prototype but hard to ship,” LangChain wrote in a press release announcing the round. “Any input or change to an agent can create a host of unknown outcomes.”

The solution, the company says, is a new approach that blends product, engineering, and data science—what it calls agent engineering. The company is positioning itself as the connective tissue of the agent era—not just stitching together connectors, but providing the entire lifecycle of tools developers need to build, deploy, and monitor agents in production. A company like ServiceNow, for example, might use LangChain to connect an LLM to its internal knowledge base and use it to trigger workflows or track performance. 

LangChain began in late 2022 as an open-source project by Harrison Chase, then an engineer at Robust Intelligence, just weeks after OpenAI released ChatGPT. It pioneered the idea of “chains”—building blocks that connect large language models to external tools and data sources in a sequence, letting them take action instead of just generating text. A simple chain might let an AI take a user’s question, call a web search API, summarize the results, and return an answer—steps stitched together like links. It was an immediate hit:  “It was very crazy,” Chase recalled. “I didn’t know I was going to leave my previous job. I had no clue what I was going to do next.” 

It turned out that the project that became the startup LangChain, which Chase co-founded with Ankush Gola, became a darling of developers. That’s because it solved one of the most pressing problems in the early days of large language models: the models couldn’t access real-time information or perform actions like searching the web, calling APIs, or interacting with databases. LangChain’s framework let developers build those capabilities into their LLM apps—and adoption skyrocketed. The San Francisco startup raised a $10 million seed round led by Benchmark in April 2023, and announced a $25 million Series A in 2024 led by Sequoia, and valuing the company at $200 million.

Since then, however, the market has grown crowded with other companies offering similar tools, such as LlamaIndex and Haystack, while OpenAI, Anthropic, and Google now provide built-in capabilities that were once LangChain’s differentiators. 

To stay ahead, LangChain expanded its product lineup, including LangSmith, an observability, monitoring, evaluation and deployment platform built specifically for LLM applications and agents. Since launching last year, LangSmith has surged in popularity, as LangChain keeps some of its early products open source while creating proprietary platforms.

Langchain would not not provide details about its financials, thought a spokesperson said that a TechCrunch report in July that pegged its annual recurring revenue at between $12 million and $16 million was “low for where we are today.” While the company is not profitable, Langchain is “fairly efficient in spend” compared to high-growth, VC-backed startups, the spokesperson said.

IVP’s Tom Loverro, who led the investment, said the firm had “high conviction” in Chase and the company’s potential from the beginning. “Two years ago, the question was whether an open-source project like LangChain could become a major commercial company,” he said. “We saw Harrison and Ankush take the first important steps boldly into that journey,” including building multiple products that customers want. 

Loverro said he sees LangChain as potentially as successful as companies like Crowdstrike and Datadog, which became indispensable for taming the complexity of cybersecurity and cloud infrastructure, respectively. LangChain is betting it can become the layer that makes AI agents reliable and observable enough for enterprises to trust—turning today’s chaotic prototypes into business-critical systems.  “It feels increasingly sure that agents are super important to the future,” he said. “And if you believe that, then agent engineering is going to be incredibly important.” 

Chase admits the agent platform landscape is already crowded, but he argues LangChain’s breadth and neutrality will give it staying power. “There’s a ton of players,” he said. “I like to say we have 500 competitors and zero competitors at the same time.” Most enterprises, he predicts, will ultimately use multiple agent platforms, and many of them, like ServiceNow, will be powered under the hood by LangChain.

IVP’s Loverro emphasized that Langchain already has strong revenue, adoption, and big enterprises like Cisco and Workday building on LangChain. There will be competition, he says, “but it’s TBD if they matter.” And if the investors are right, LangChain could become the indispensable layer powering the agent era—just as CrowdStrike and Datadog did for the last generation of infrastructure.



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Australia will start banning kids from social media this week

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Starting this Wednesday, many Australian teens will find it near impossible to access social media. That’s because, as of Dec. 10, social media platforms like TikTok and Instagram must bar those under the age of 16, or face significant fines. Australian Prime Minister Anthony Albanese called the pending ban “one of the biggest social and cultural changes our nation has faced” in a statement.

Much is riding on this ban—and not just in Australia. Other countries in the region are watching Canberra’s ban closely. Malaysia, for example, said that it also plans to bar under-16s from accessing social media platforms starting next year. 

Other countries are considering less drastic ways to control teenagers’ social media use. On Nov. 30, Singapore said it would ban the use of smartphones on secondary school campuses. 

Yet, governments in Australia and Malaysia argue a full social media ban is necessary to protect youth from online harms such as cyberbullying, sexual exploitation and financial scams.

Tech companies have had varied responses to the social media ban. 

Some, like Meta, have been compliant, starting to remove Australian under-16s from Instagram, Threads and Facebook from Dec. 4, a week before the national ban kicks in. The social media giant reaffirmed their commitment to adhere to Australian law, but called for app stores to instead be held accountable for age verification.

“The government should require app stores to verify age and obtain parental approval whenever teens under 16 download apps, eliminating the need for teens to verify their age multiple times across different apps,” a Meta spokesperson said.

Others, like YouTube, sought to be excluded from the ban, with parent company Google even threatening to sue the Australian federal government in July 2025—to no avail.

However, experts told Fortune that these bans may, in fact, be harmful, denying young people the place to develop their own identities and the space to learn healthy digital habits.

“A healthy part of the development process and grappling with the human condition is the process of finding oneself. Consuming cultural material, connecting with others, and finding your community and identity is part of that human experience,” says Andrew Yee, an assistant professor at the Nanyang Technological University (NTU)’s Wee Kim Wee School of Communication and Information.

Social media “allows young people to derive information, gain affirmation and build community,” says Sun Sun Lim, a professor in communications and technology at the Singapore Management University (SMU), who also calls bans “a very rough tool.”

Yee, from NTU, also points out that young people can turn to platforms like YouTube to learn about hobbies that may not be available in their local communities. 

Forcing kids to go “cold turkey” off social media could also make for a difficult transition to the digital world once they are of age, argues Chew Han Ei, a senior research fellow at the Lee Kuan Yew School of Public Policy in the National University of Singapore (NUS).

“The sensible way is to slowly scaffold [social media use], since it’s not that healthy social media usage can be cultivated immediately,” Chew says.

Enforcement

Australia plans to enforce its social media ban by imposing a fine of 49.5 million Australian dollars (US$32.9 million) on social media companies which fail to take steps to ban those under 16 from having accounts on their platforms.

Malaysia has yet to explain how it might enforce its own social media ban, but communications minister Fahmi Fadzil suggested that social media platforms could verify users through government-issued documents like passports. 

Though young people may soon figure out how to maintain their access to social media. “Youths are savvy, and I am sure they will find ways to circumvent these,” says Yee of NTU. He also adds that young may migrate to platforms that aren’t traditionally defined as social media, such as gaming sites like Roblox. Other social media platforms, like YouTube, also don’t require accounts, thus limiting the efficacy of these bans, he adds.

Forcing social media platforms to collect huge amounts of personal data and government-issued identity documents could also lead to data privacy issues. “It’s very intimate personally identifiable information that’s being collected to verify age—from passports to digital IDs,” Chew, from NUS, says. “Somewhere along the line, a breach will happen.”

Moving towards healthy social media use

Ironically, some experts argue that a ban may absolve social media platforms of responsibility towards their younger users. 

“Social media bans impose an unfair burden on parents to closely supervise their children’s media use,” says Lim of SMU. “As for the tech platform, they can reduce child safety safeguards that make their platforms safer, since now the assumption is that young people are banned from them, and should not have been venturing [onto them] and opening themselves up to risks.”

And rather than allow digital harms to proliferate, social media platforms should be held responsible for ensuring they “contribute to intentional and purposeful use”, argues Yee.

This could mean regulating companies’ use of user interface features like auto-play and infinite scroll, or ensuring algorithmic recommendations are not pushing harmful content to users.

“Platforms profit—lucratively, if I may add—from people’s use, so they have a responsibility to ensure that the product is safe and beneficial for its users,” Yee explains. 

Finally, conversations on safe social media use should center the voices of young people, Yee adds.

“I think we need to come to a consensus as to what a safe and rights-respecting online space is,” he says. “This must include young people’s voices, as policy design should be done in consultation with the people the policy is affecting.”



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Jimmy Kimmel signs ABC extension through 2027

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Kimmel’s previous, multiyear contract had been set to expire next May, so the extension will keep him on the air until at least May 2027.

Kimmel’s future looked questionable in September, when ABC suspended “Jimmy Kimmel Live!” for remarks made following the assassination of conservative activist Charlie Kirk. Following a public outcry, ABC lifted the suspension, and Kimmel returned to the air with much stronger ratings than he had before.

He continued his relentless joking at the president’s expense, leading Trump to urge the network to “get the bum off the air” in a social media post last month. The post followed Kimmel’s nearly 10-minute monologue on Trump and the Jeffrey Epstein files.

Kimmel was even on Trump’s mind Sunday as the president hosted the Kennedy Center Honors in Washington.

“I’ve watched some of the people that host,” Trump said. “I’ve watched some of the people that host. Jimmy Kimmel was horrible, and some of these people, if I can’t beat out Jimmy Kimmel in terms of talent, then I don’t think I should be president.”

Kimmel has hosted the Oscars four times, but he’s never hosted the Kennedy Center show.

Just last week, Kimmel was needling Trump on the president’s approval ratings. “There are gas stations on Yelp with higher approval ratings than Trump right now,” he said.

Kimmel will be staying longer than late-night colleague Stephen Colbert at CBS. The network announced this summer it was ending Colbert’s show next May for economic reasons, even though it is the top-rated network show in late-night television.

ABC has aired Kimmel’s late-night show since 2003, during a time of upheaval in the industry. Like much of broadcast television, late-night ratings are down. Viewers increasingly turn to watching monologues online the day after they appear.

Most of Kimmel’s recent renewals have been multiyear extensions. There was no immediate word on whose choice it was to extend his current contract by one year.

Bill Carter, author of “The Late Shift” and veteran chronicler of late-night TV, cautioned against reading too much into the length of the extension. Kimmel, at age 58, knows he’s getting close to the end of the line, Carter said, but when he leaves, he doesn’t want it to appear under pressure from Trump or anyone.

“He wants to make sure that it’s on his terms,” Carter said.

Kimmel has become one of the leading voices resisting Trump. “I think it’s important for him and for ABC that they are standing up for him,” Carter said.

Following Kirk’s killing, Kimmel was criticized for saying that “the MAGA gang” was “desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it.” The Nexstar and Sinclair television ownership groups said it would take Kimmel off the air, leading to ABC’s suspension.

When he returned to the air, Kimmel did not apologize for his remarks, but he said he did not intend to blame any specific group for Kirk’s assassination. He said “it was never my intention to make the light of the murder of a young man.”



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Trump says he’ll allow Nvidia to sell advanced chips to ‘approved customers’ in China

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President Donald Trump said Monday that he would allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China.

There have been concerns about allowing advanced computer chips to be sold to China as it could help the country better compete against the U.S. in building out AI capabilities, but there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.

The chip, known as the H200, is not Nvidia’s most advanced product. Those chips, called Blackwell and the upcoming Rubin, were not part of what Trump approved.

Trump said on social media that he had informed China’s leader Xi Jinping about his decision and “President Xi responded positively!”

“This policy will support American Jobs, strengthen U.S. Manufacturing, and benefit American Taxpayers,” Trump said in his post.

Nvidia said in a statement that it applauded Trump’s decision, saying the choice would support domestic manufacturing and that by allowing the Commerce Department to vet commercial customers it would “strike a thoughtful balance” on economic and national security priorities.

Trump said the Commerce Department was “finalizing the details” for other chipmakers such as AMD and Intel to sell their technologies abroad.

The approval of the licenses to sell Nvidia H200 chips reflects the increasing power and close relationship that the company’s founder and CEO, Jensen Huang, enjoys with the president. But there have been concerns that China will find ways to use the chips to develop its own AI products in ways that could pose national security risks for the U.S., a primary concern of the Biden administration that sought to limit exports.

Nvidia has a market cap of $4.5 trillion and Trump’s announcement appeared to drive the stock slightly higher in after hours trading.



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