Feed Items
Online retailer Quince is in talks with investors to raise a funding round that would value the company at above $10 billion after the investment, according to a person with knowledge of the plans. If the talks are successful, the buzzy online brand would more than double its valuation from its last funding round.
The fundraise follows continued rapid growth at the eight-year-old company, thanks...
Anthropic CEO Dario Amodei on Thursday apologized for writing a memo to staff in which he said the Trump administration didn’t like Anthropic in part because the company hadn’t “given dictator-style praise to Trump.” Amodei said he apologized for “the tone of the post,” adding: “It does not ...
I’ve spent the last week talking to people who are in town for Morgan Stanley’s annual technology, media and telecom conference at the Palace Hotel this week. Even before the fireworks last week between the Pentagon and Anthropic, the gathering was sure to be buzzy, given the lineup of richly valued private startups—including OpenAI and Anthropic—and the havoc their growth has been wreaking on...
This wasn’t a fun day on Wall Street—the S...
Together AI, one of several up-and-coming cloud providers renting out Nvidia chip servers to AI developers, is in talks with investors to raise around $1 billion in funding at a $7.5 billion valuation before the investment, according to two people with knowledge of the fundraise.
The funding would more than double its valuation from a year ago and could boost Nvidia’s efforts to diversify its...
Shares of companies including Booking.com and Expedia rose nearly 8.5% and 13%, respectively, on Thursday, following a report from The Information that OpenAI would abandon plans to sell goods directly in ChatGPT in favor of putting checkouts inside apps that plug in to ChatGPT. The change ...
The U.S. Commerce Department said in a statement Thursday that it wouldn’t enact new restrictions on exports of American AI technologies that would resemble Biden administration policies. The statement came after Bloomberg reported some U.S. officials were drafting proposed rules requiring ...
The Defense Department has officially told Anthropic that the artificial intelligence company and its products “are deemed a supply chain risk, effective immediately,” according to a senior defense official. The declaration follows an announcement on social media last Friday by Defense Secretary ...
Last week, my colleague Qianer tested an AI agent inside Alibaba’s Qwen app, which resembles ChatGPT. She asked to get a ticket to see Pegasus 3, a comedy film about a race car driver that has been topping the Chinese box office. The agent found the nearest theater showing the movie and recommended seats and screening times for later in the day. Liu then authorized the booking. As OpenAI, Google...
Oracle is planning to cut thousands of employees as soon as this month, according to a Bloomberg report, which said the cuts will be “wider-reaching” than the firm’s typical rolling reductions. Some of the job cuts will impact people who work in roles the firm expects it will no longer need due ...