WeWork cut nearly to the bone, and it’s starting to work out. At least, that’s the narrative the disgraced co-working giant is starting to weave for investors and the media. Marcelo Claure, WeWork’s executive chairman, told the Financial Times the company expects to generate profits and positive cash flow by 2021, a year ahead of schedule. One big reason: The company cut staff by 8,000 workers,...
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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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