Amazon is in talks to acquire a minority stake in Rackspace, a cloud computing company that helps other firms move computing jobs to cloud providers, Reuters reported . The deal, if it happens, would reflect how a majority of companies still haven’t made large-scale investments in cloud computing, and how companies like Rackspace are seen as a key to unlocking that untapped market potential. ...
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Musk’s Counterproductive Moves
What a time to be a tech business reporter! Even as Sam Bankman-Fried’s fraud trial gets underway, our scoop yesterday about AI startup Anthropic’s rising valuation suggests that the disgraced FTX founder may have scored at least one home run with his Anthropic investment. Yes, that’s right: The fast-evolving story about AI startups has converged with the SBF drama. The big question is how much...
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