Shares of Deliveroo fell 30% during the first hours of trading in London - a disappointing public debut for one of the hottest companies in the U.K. tech scene. The Amazon-backed food and grocery delivery company went public on the London stock exchange at a share price of £3.90 on Wednesday morning, before seeing the price plummet to £2.75 in early trading, wiping off $2.7 billion in market...
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Anthropic Makes OpenAI Look Cheap
How much should a well-regarded artificial intelligence startup be worth on paper?That’s the question facing scores of sovereign wealth funds, mutual fund firms and other private equity investors looking at two marquee AI opportunities: OpenAI and Anthropic. OpenAI is in the middle of its second employee share sale in the last six months, and if it succeeds, the new share price could imply an...
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