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China’s Uber for Trucks Full Truck Alliance Files for U.S. IPO

By
Shai Oster
· · Source: Reuters

Full Truck Alliance, the self-styled Uber for trucks in China, has filed to list shares on the New York Stock Exchange, where Reuters said it aims to raise $1.5 billion. The money-losing venture, which says it has nearly 3 million truckers who fulfilled orders on its logistics platform to match them with shippers, had revenue of $133 million through March this year, more than double what it...

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Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon Investment
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Dario Amodei, co-founder and CEO of Anthropic. Photo via Getty.
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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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
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Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
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Nvidia CEO Jensen Huang. Photo by Getty
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AI Agenda ai
AI Startups Are Facing a Reckoning
By Stephanie Palazzolo
A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.AI) and “thin wrapper” startups like CopyAI that merely provide a nice user interface on top of a third-party model from model developers like OpenAI.
Art by Mike Sullivan.
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