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Quibi Plans Investor, Employee Call Amid Talk of Shutdown

By
Tom Dotan
· · Source: The Information

Jeffrey Katzenberg is set to determine Quibi’s fate. This afternoon he’s set to host a call with Quibi’s range of investors to lay out its path foward, according to three people familiar with the matter. Shortly thereafter he’s set to address Quibi’s employees, according to two people familiar with the matter. One very likely possibility is that he will shut the company down, according to people...

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Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon Investment
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Dario Amodei, co-founder and CEO of Anthropic. Photo via Getty.
Anthropic, one of the main rivals of OpenAI, is in talks with investors to raise at least $2 billion in new funding, following a commitment from Amazon last week to invest $1.25 billion in the company, according to three people with direct knowledge. Anthropic has told investors that Google, which bought a roughly 10% stake in the startup in 2022, is expected to invest in the round, two of the...
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AI Startups Are Facing a Reckoning
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A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.AI) and “thin wrapper” startups like CopyAI that merely provide a nice user interface on top of a third-party model from model developers like OpenAI.
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