Menlo Ventures marked its 50th anniversary by announcing $3 billion across two AI funds aimed at seed‑to‑growth startups. The raise expands the firm’s bets in infrastructure, healthcare and enterprise AI.

CHLA and UCLA were awarded up to $17.25M to form IMPACT‑LA, a West Coast site in ARIA’s international autism trials network that aims to speed therapies and build inclusive datasets.

A national study puts Phoenix among the top three U.S. metros for business AI adoption, driven by large employers, data‑center growth and a growing tech pipeline.