Two years ago, Magic Leap’s CEO Rony Abovitz said his company was “soon” coming out with a game changing augmented reality device that represented a big technological breakthrough compared to existing devices like Microsoft’s HoloLens. Magic Leap said it had figured out a way to beam images directly into people’s eyes with a new invention called a “photonic light field chip.” Today, the $2,295...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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