So, at least one tech company is holding back from an IPO this year. Despite expectations that Palantir might IPO in the second half of 2019, Bloomberg reports that is unlikely. The story says Palantir wants to build out its sales team, hire more experienced finance people and add extra independent board members. And while revenue growth last year was strong, it wants another year of growth...
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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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