Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment […]
Anthropic reportedly nears $170B valuation with potential $5B round Read More »
The U.K.’s Competition and Markets Authority (CMA) announced on Wednesday a proposal that would give Apple’s and Google’s mobile platforms “strategic market status” — a designation that allows the regulator to create rules that could change how their app stores operate and how their mobile software works. The move is designed to create a more
UK targets Apple’s and Google’s mobile platforms for regulation Read More »
Data-labeling startup Scale AI is laying off 200 employees, roughly 14% of its staff, and cutting ties with 500 of its global contractors, Bloomberg reported on Wednesday. The cuts come just a month after Meta hired Scale AI’s CEO in a $14.3 billion deal. In a memo obtained by Bloomberg, interim CEO Jason Droege told
Scale AI lays off 14% of staff, largely in data-labeling business Read More »
After former Intel CEO Pat Gelsinger capped off a 40+ year career at the semiconductor giant in December, many wondered where would Gelsinger go next. On Thursday, the former Intel CEO revealed one piece of his next chapter: trying to ensure AI models support a flourishing humanity. In partnership with a “faith tech” company he
Former Intel CEO launches a benchmark to measure AI alignment Read More »
Hot on the heels of Perplexity’s Comet launch, OpenAI is planning to release an AI-powered web browser of its own to challenge Google Chrome, according to a report from Reuters on Wednesday. The ChatGPT maker reportedly aims to release its browser in the coming weeks. Much like Perplexity’s Comet and The Browser Company’s Dia, OpenAI’s
OpenAI is reportedly releasing an AI browser in the coming weeks Read More »
SpaceX is looking to raise fresh capital by selling new shares to insiders in a deal that would boost its valuation to around $400 billion, according to reporting from Bloomberg. The company’s strategy is to raise money via a fundraising round and separately hold a tender offer to allow employees to sell some of their
SpaceX in talks to raise new funding at $400B valuation Read More »
Apple’s head of AI models, Ruoming Pang, is leaving the company to work at Meta, Bloomberg reported on Monday. This marks the latest high-ranking AI executive Meta CEO Mark Zuckerberg has scooped up to lead his new AI superintelligence unit. Pang previously ran Apple’s in-house team that trained the AI foundation models that underpin Apple
Meta reportedly recruits Apple’s head of AI models Read More »
CoreWeave announced Monday that it signed a $9 billion all-stock deal to acquire Core Scientific, a data center infrastructure provider. As a result of the deal, CoreWeave says it will gain access to more than a gigawatt of data center capacity — enough energy to power more than 850,000 homes — that it can rent
CoreWeave acquires data center provider Core Scientific in $9B stock deal Read More »
Apple’s biggest assembly partner, Foxconn, has ordered more than 300 of its Chinese employees to return home from its iPhone factories in India, Bloomberg reported, citing anonymous sources. The employees told to return account for the bulk of Foxconn’s staff in its iPhone facilities in India, and only Taiwanese support staff remain in the country,
Foxconn tells hundreds of Chinese staff to return from its Indian iPhone factories Read More »
Venture capital firm Catalio Capital Management announced today the closing of its more than $400 million Fund IV, as first reported by Bloomberg. The fund will continue the firm’s thesis of backing healthcare and biotechnology companies. The firm was founded in 2020 and has made more than 100 investments, according to PitchBook. Catalio’s Fund IV,
Catalio Capital closes over $400M Fund IV Read More »
