Google has invested roughly $300 million in Anthropic, an AI startup founded in 2021 by former OpenAI employees, in exchange for a 10% stake in the company, according to the Financial Times. Google Cloud also announced a major partnership with Anthropic. The deal mirrors Microsoft’s investment in OpenAI, which is a major spender on its Azure cloud-computing platform. Google has also...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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