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Anthropic executives have discussed an initial public offering of the AI firm’s shares as soon as the fourth quarter this year, according to people familiar with the matter.
Bankers vying to take Anthropic public expect the company to raise more than $60 billion in the initial public offering, said some of the people. That could be the second-biggest such deal after SpaceX, which is expected to...
Elon Musk’s X laid off its chief marketing officer and more than 20 other staff in non-engineering roles in recent weeks, the Wall Street Journal reported. The company has also brought in Jon Shulkin, a longtime Musk investor and ally, to work as chief revenue officer as the site tries to cut ...
Meta Platforms is increasing its investment in an El Paso data center from $1.5 billion to $10 billion, the company revealed in a blog post. The company didn’t explain why the investment increased so much. Meta had announced the facility originally last October, when it said it had the “the ...
OpenAI has surpassed $100 million in annualized revenue from its ChatGPT ads business, six weeks after the pilot was announced, according to a spokesperson. That revenue has been generated from the less than 20% of U.S.-based ChatGPT Free and Go users who are shown ads on a daily basis today, ...
Aligned Data Centers, the developer being purchased by a consortium including BlackRock and Abu Dhabi’s MGX, raised $2.6 billion in debt to help it build more AI computing facilities in the U.S. Aligned said the lenders included “sophisticated insurance, pension fund and other institutional ...
Gadi Hutt, a director of product and customer engineering in Amazon’s server-chip design unit, Annapurna Labs, has left the company, according to two people with direct knowledge of the move. Hutt was an early employee at Annapurna Labs, the Israeli chip startup Amazon acquired in 2015 for $350 ...
Microsoft recently suspended new hiring across major divisions, including its Azure cloud and North American sales groups, as the company seeks to offset its investments in artificial intelligence infrastructure, The Information reported. Executives have instructed managers in these ...
Apple is opening the door for other artificial intelligence assistants to directly integrate with its Siri assistant, Bloomberg reported. The change is coming alongside the company’s overhaul of Siri, which is due to be announced in June at this year’s Worldwide Developers Conference, the outlet ...
In the ultracompetitive world of drug development, getting a new medication on the market as fast as possible can have major business implications. There’s perhaps no better recent example than Novo Nordisk, which has generated nearly $100 billion in sales of weight loss drugs Ozempic and Wegovy while trying to fend off competition from Eli Lilly.Now, Novo Nordisk says it’s using AI agents to...
OpenAI has put plans to allow its ChatGPT chatbot to generate erotica on hold indefinitely, according to a report from the Financial Times. OpenAI CEO Sam Altman first teased “adult mode” in ChatGPT last October, saying in a post on X that the release would be part of OpenAI’s “treat adult users ...