Feed Items
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...
Archer Aviation escalated a tit-for-tat legal war at the top of the nascent flying electric taxi business, suing rival Joby Aviation for allegedly defrauding regulators and investors by concealing a heavy reliance on Chinese technology. In a federal civil suit in California, Archer claimed that ...
Nasdaq is partnering up with crypto exchange Kraken to distribute tokens representing U.S. equities to crypto users globally, a service planned for the first half of next year, pending regulatory approval. The move will “enhance global accessibility to U.S. equity markets,” said Tal Cohen, ...
Nearly 40 employees at OpenAI and Google, including Google DeepMind chief scientist Jeff Dean, have signed on to an amicus brief they submitted in court Monday in defense of Anthropic in its lawsuit against the Department of Defense for branding the company a “supply chain risk.” The employees ...
A senior Tesla finance executive, vice president of finance Sendil Palani, is leaving the company. He announced his departure in a X post on Monday. Palani started at Tesla in 2009 and worked on finance for vehicle manufacturing and autopilot software development, among other areas, according to ...
Meta Platforms temporarily closed its 900-person Tel Aviv office over the weekend following missile attacks on Israel from Iran. Meta also offered staff without bomb shelters up to five nights in a hotel. “We understand that not everyone has access to a shelter or safe room at home during these ...
Finance and data center executives have been buzzing about a Friday Bloomberg report that Oracle and OpenAI won’t expand a data center for the ChatGPT maker in Abilene, Texas, where the companies launched their first Stargate-branded facilities. As I have since learned, OpenAI several weeks ago declined to expand its data center usage there. Oracle still planned to move forward with an expansion...