Anthropic backer Lightspeed Venture Partners is of the view that artificial intelligence is in a valuation bubble but said the underlying technology shift is still one of the most powerful in decades.

Silicon Valley fund which has backed Anthropic will stay away from investing in consumer brands, remaining focused on technology-first startups.

The venture investor said India’s advantage in AI lies in building context-driven applications rather than competing in large model development, as falling costs of intelligence reshape healthcare, ...