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Amazon began a corporate bond sale aimed at raising as much as $42 billion, Bloomberg reported, the latest sign of how tech giants are borrowing money to fund their AI expansion. Amazon had filed paperwork a few weeks ago allowing it to quickly sell bonds. The new bond offering follows one last ...
Meta Platforms’ oversight board criticized the company’s handling of AI-generated content, saying it was “neither robust nor comprehensive enough”. The independent body, which reviews Meta’s content decisions, made its comments after an investigation into an AI-generated video that circulated on ...
Scout Ventures, an Austin-based VC firm focused on startups developing technology to support national security, closed a $125 million fund, its fifth, the company said Tuesday. The firm’s fourth fund was a little under $100 million. The fund will write $3 million to $6 million checks into ...
Tencent Holdings is secretly building a new AI agent for its hugely popular WeChat messaging app, in hopes of leapfrogging rivals like Alibaba Group and ByteDance in the race to dominate China’s domestic AI market, according to four people familiar with the project. The project could dramatically widen how AI agents, which take actions on behalf of people, are used in China, where WeChat is...
Former Meta Platforms chief AI scientist Yann LeCun has raised more than $1 billion for his new AI startup, Advanced Machine Intelligence Labs, from investors that included Nvidia, Greycroft, former Google CEO Eric Schmidt and Jeff Bezos. LeCun said it was valued at more than $4.5 billion. The ...
Nvidia is planning to launch a platform for AI agents aimed at enterprise customers called NemoClaw, Wired reported Monday. The platform will be open-source, it said, meaning the software code of these AI agents will be publicly available and modifiable. Nvidia already has reached out to ...
Anthropic said that the Defense Department’s designation of the company as a supply chain risk could jeopardize billions of dollars of revenue this year, and it cited business contracts it’s already lost because of the agency’s moves. In filings made with its suit against the government, ...
Spark Capital, the first venture firm to back Anthropic, is in the process of raising about $3 billion in new funds, 50% more than the size of funds it raised two years ago, The Information reported late Monday. In early 2023, the firm led a $450 million investment in Anthropic at around a $4 ...
Spark Capital, the first venture firm to back Anthropic, is in the process of raising about $3 billion in new funds, 50% more than the size of funds it raised two years ago, according to a person with direct knowledge of the fundraise.
The fundraising target will test investor demand in a venture firm that made early bets on one of the initial winners of the AI boom. It comes after Khosla...
It’s a good thing SpaceX is thinking of June for its upcoming IPO. There has to be a decent chance the current Iran war has ended by then, restoring some stability to the market. Then again, these hostilities could easily spread. Not only is the IPO market not necessarily safe, but there’s a cloud of uncertainty now hanging over the economy and business generally.It certainly felt that way on...