AI Startups Are Facing a ReckoningRead more

Briefing
markets

Tech Stocks Rise Amid Coronavirus Sell-Off

By
Kevin Dugan
· · Source: The Information

Tech stocks stabilized on Friday even as the broader market fell another 1.4%, as measured by the Dow Jones Industrial Average, as the Coronavirus panic continued. The Nasdaq Composite Index ended Friday up slightly, as both Facebook and Google rose while Apple was flat.  Biomedical and pharmaceutical companies led the increase, with a small medical research company Biocept rising 168% on no...

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Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon Investment
By Kate Clark, Anissa Gardizy and Stephanie Palazzolo · Oct. 3, 2023 3:17 PM PDT
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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By Jessica E. Lessin and Stephanie Palazzolo
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From left: Paul Graham, Garry Tan and Michael Seibel. Photos by Getty. Art by Mike Sullivan.
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Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
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By Natasha Mascarenhas and Stephanie Palazzolo
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Nvidia CEO Jensen Huang. Photo by Getty
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Dave Rogenmoser, co-founder of Jasper. Photo by Bloomberg via Getty.
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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