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Anthropic’s launch of Cowork, an AI-powered tool that takes over a computer to handle workplace tasks involving numerous applications, from Microsoft Office apps to Slack, has reverberated through Microsoft’s ranks.
In the days following the launch this month, Microsoft product leaders told colleagues that Cowork seemed like a competitor to 365 Copilot, a suite of AI features for Microsoft’s...
China has approved imports of the first batch of Nvidia’s H200 AI chips, according to Reuters, citing two people familiar with the matter. The approval was granted as Nvidia CEO Jensen Huang visits China this week, after weeks of uncertainty whether and at which scale Beijing will allow the ...
Anthropic, in December, projected to generate as much as $18 billion this year, about 20% more than its summer forecast, and $55 billion next year. The company expects to generate as much as $148 billion in 2029 in its most optimistic projections– about $3 billion more than what OpenAI projected ...
Apple Chief Executive Tim Cook said he was “heartbroken by the events in Minneapolis” and called for a “deescalation” in an internal message to employees following Saturday’s fatal shooting by federal immigration agents. The message was first reported by Bloomberg. “This is a time for ...
SoftBank is in talks to invest up to $30 billion in OpenAI, The Wall Street Journal reported on Tuesday. An investment of that size would add to its more than $30 billion investment in the ChatGPT maker, likely cementing its role as the biggest shareholder. The talks are part of an ...
C3.AI, founded by tech industry veteran Thomas Siebel, is in talks to merge with privately held startup Automation Anywhere, which will effectively go public in the deal, according to people familiar with the discussions.
C3.AI, which sells AI to large companies and government agencies, was the first branded AI stock when it went public in 2020. It has struggled for several years amid the rise...
Anthropic has hiked its revenue forecasts for the next several years, projecting that sales will quadruple this year to as much as $18 billion and will hit $55 billion next year. It is aiming to shrink the revenue gap with OpenAI, its older archrival.
The revenue projections, which haven’t previously been reported, are significantly higher than the ones Anthropic made last summer. But expenses,...
It’s a good thing Jeff Bezos started Amazon as an internet-based retailer. He might never have made it as a traditional shopkeeper! Amazon on Tuesday said it would shutter its chain of Amazon Fresh and Amazon Go grocery stores, closing a chapter in its fitful efforts to expand in physical stores. Amazon still owns the Whole Foods chain it bought in 2017, which the company says it will be...
Tether, the world’s largest stablecoin issuer, announced the official launch of USAT, a new stablecoin for the U.S. market that’s regulated under U.S. stablecoin legislation. Tether, which is based in El Salvador, is creating the new stablecoin because its main token, USDT, which has $186 ...
As I wrote earlier today, private equity firms are sitting on a backlog of software companies they bought during the buyout frenzy of 2021 and 2022 that they hope to take public or sell. One reason they can’t cash out is that the initial public offering market has not been receptive to new PE-backed software listings. The value of all PE-backed software companies totaled just $17 billion from...