Cisco Systems is making progress in its shift to selling subscription-based software, but its applications and networking hardware units are both going through a rough patch. Cisco’s Applications unit, home to products such as WebEx videoconferencing software, dropped 8% to $1.35 billion in its fiscal second quarter ended Jan. 25 . Revenue for the Infrastructure Platforms unit, which includes...
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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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