Food delivery startup DoorDash said it filed confidentially for an initial public offering, a sign it is moving ahead with plans to go public even as fears of the coronavirus have sent the stock market into a panicky sell-off. The announcement, which didn’t provide details about the size of the offering or the expected valuation of the company, comes amid intense interest from Wall Street about...
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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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