Magic Leap, the troubled augmented reality startup, named Peggy Johnson, a senior Microsoft executive, as its new chief executive officer on Tuesday. Johnson, who will join Magic Leap on August 1, will replace Rony Abovitz, the company’s founder who stepped down from the top job in May. Johnson was one of the highest ranking female executives at Microsoft, serving as its executive vice...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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