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**EMBARGO: No electronic distribution, Web posting or street sales before THURSDAY, 5:01 A.M. ET, SEPT. 3, 2026. No exceptions for any reasons. EMBARGO set by source.** FILE ? The Sequoia Capital offices in Menlo Park, Calif., Aug. 19, 2026. Sequoia Capital, a venture capital firm, has backed Anthropic and OpenAI with private investments. (Jason Henry/The New York Times/Fotoarena)
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