David Marcus, the head of Facebook-parent Meta Platforms’ embattled cryptocurrency efforts, is leaving the company at the end of this year, he said in a post Tuesday on his Facebook page. Marcus, a former PayPal president, previously ran Facebook’s Messenger service before switching to lead the company’s crypto efforts in 2018. He heads the Meta Platforms’ financial products division, which...
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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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