Coupang, the South Korean e-commerce site backed by SoftBank, booked a loss of nearly $520 million in the quarter ended in June, the Financial Times reported. Shares of the company are down more than 30% since its initial public offering in March, and the decline threatens to erase some of the gains SoftBank reaped from Coupang’s IPO. The newspaper said Coupang reported a loss after a fire...
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Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon Investment
Anthropic, one of the main rivals of OpenAI, is in talks with investors to raise at least $2 billion in new funding, following a commitment from Amazon last week to invest $1.25 billion in the company, according to three people with direct knowledge. Anthropic has told investors that Google, which bought a roughly 10% stake in the startup in 2022, is expected to invest in the round, two of the...
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