Shares of home exercise company Peloton dropped 35% to around $56 on Friday, a day after the company reported a slowdown in revenue and projected weak growth in its new fiscal year. Friday’s closing price is 67% down from the stock’s all-time high of $171 in January. Peloton brought in $805 million in the quarter that ended September 30, only a 6% increase from the same period last year. That...
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Anthropic Makes OpenAI Look Cheap
How much should a well-regarded artificial intelligence startup be worth on paper?That’s the question facing scores of sovereign wealth funds, mutual fund firms and other private equity investors looking at two marquee AI opportunities: OpenAI and Anthropic. OpenAI is in the middle of its second employee share sale in the last six months, and if it succeeds, the new share price could imply an...
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