The Information reports that Anthropic expects to generate as much as $70 billion in revenue and $17 billion in cash flow in 2028. The growth projections are fueled by rapid adoption of Anthropic’s business products, a person with knowledge of the company’s financials said. Last month, Reuters reported that Anthropic is projected to more […]
Anthropic projects $70B in revenue by 2028: Report Read More »
Nvidia is playing fast and loose with its war chest as it looks to build on its momentum as the chief benefactor of the AI boom. The company on Tuesday signed a €1 billion ($1.15 billion) partnership with Deutsche Telekom to set up an “AI factory” in Munich that aims to boost Germany’s AI computing
Nvidia, Deutsche Telekom strike €1B partnership for a data center in Munich Read More »
ClickUp has redesigned its productivity platform and released new AI assistant features as it aims to create a one-stop shop for customers. The company said core parts of this release were possible because of its acquisition of Qatalog, the enterprise search startup that had raised more than $29.5 million from backers like Salesforce Ventures, Atomico,
ClickUp adds new AI assistant to better compete with Slack and Notion Read More »
A Japanese trade organization representing publishers like Studio Ghibli wrote a letter to OpenAI last week, calling for the AI giant to stop training its AI models on their copyrighted content without permission. Studio Ghibli, the animation studio behind films like “Spirited Away” and “My Neighbor Totoro,” has been especially impacted by OpenAI’s generative AI
Studio Ghibli and other Japanese publishers want OpenAI to stop training on their work Read More »
OpenAI isn’t done securing the AI infrastructure it needs to rapidly scale agentic workloads. The ChatGPT-maker on Monday said it has reached a deal with Amazon to buy $38 billion in cloud computing services over the next seven years. OpenAI said it will immediately start using AWS compute, with all capacity targeted to be
OpenAI and Amazon ink $38B cloud computing deal Read More »
Microsoft will invest $15.2 billion in the United Arab Emirates over the next four years, the company announced Monday at the first annual Abu Dhabi Global AI Summit. The investment will include the first-ever shipments of the most advanced Nvidia GPUs to the UAE. As part of the deal, the U.S. has granted Microsoft a license
Microsoft’s $15.2B UAE investment turns Gulf State into test case for US AI diplomacy Read More »
Microsoft is leaving no stone unturned in its quest to secure more compute capacity for meeting its customers’ heavy demand for AI services. On Monday, the Redmond-based tech giant signed a $9.7 billion, five-year contract with Australia’s IREN to secure further AI cloud capacity. The deal will give Microsoft access to compute infrastructure built with
Microsoft inks $9.7B deal with Australia’s IREN for AI cloud capacity Read More »
Google says it has removed Gemma from its AI Studio after a U.S. senator accused the AI model of fabricating accusations of sexual misconduct against her. In a letter to Google CEO Sundar Pichai, Senator Marsha Blackburn — a Republican from Tennessee — said that when Gemma was asked, “Has Marsha Blackburn been accused of
Google pulls Gemma from AI Studio after Senator Blackburn accuses model of defamation Read More »
OpenAI CEO Sam Altman recently said that the company is doing “well more” than $13 billion in annual revenue — and he sounded a little testy when pressed on how it will pay for its massive spending commitments. His comments came up during a joint interview on the Bg2 podcast between Altman and Microsoft CEO
Sam Altman says ‘enough’ to questions about OpenAI’s revenue Read More »
In the midst of an unprecedented AI buildout, Meta is spending more than most. The company is building two massive data centers, and reporting indicates there will be as much as $600 billion in spending on U.S. infrastructure over the next three years. Those figures might not raise eyebrows in Silicon Valley, but they’re
Meta has an AI product problem Read More »
