Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon InvestmentRead more

Briefing
cloud enterprise

Cisco’s Applications, Hardware Businesses Decline in Q2

By
Kevin McLaughlin
· · Source: The Information

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 cofounder and CEO Dario Amodei. Photo by Getty.
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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From left: Paul Graham, Garry Tan and Michael Seibel. Photos by Getty. Art by Mike Sullivan.
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