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Box Dismisses Call for Board Changes as Activist Battle Looms

By
Kevin McLaughlin
· · Source: The Information

Box, in response to Starboard Value’s pledge to appoint more of its own board directors, insists that its business is doing fine and that the board changes it made in March 2020 as part of an agreement with the activist investor are having the desired effect. This sets the stage for a likely showdown at Box’s annual shareholder meeting, which hasn’t yet been scheduled but took place in...

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Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon Investment
By Kate Clark, Anissa Gardizy and Stephanie Palazzolo · Oct. 3, 2023 3:17 PM PDT
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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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
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By Jessica E. Lessin and Stephanie Palazzolo
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From left: Paul Graham, Garry Tan and Michael Seibel. Photos by Getty. Art by Mike Sullivan.
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By Kate Clark
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Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
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By Natasha Mascarenhas and Stephanie Palazzolo
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Nvidia CEO Jensen Huang. Photo by Getty
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Nvidia Deepens Push Into AWS’ Turf
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Dave Rogenmoser, co-founder of Jasper. Photo by Bloomberg via Getty.
AI Agenda ai
AI Startups Are Facing a Reckoning
By Stephanie Palazzolo
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.
Art by Mike Sullivan.
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