Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon InvestmentRead more

Briefing
e-commerce economy

Inflation-Hit Shoppers Boost Black Friday, Cyber Monday Sales

By
Ann Gehan
· · Source: The Information

Despite worries of inflation and slowed consumer spending, shoppers still turned out for Black Friday and Cyber Monday deals. Shopify reported record-setting global sales of $7.5 billion on its platform during the weekend, a 19% jump from last year. But that jump may be a sign that consumers are more motivated by discounts this year as inflation squeezes holiday budgets. RBC Capital Markets...

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Anthropic Makes OpenAI Look Cheap
By Amir Efrati · Oct. 4, 2023 7:20 AM PDT
Anthropic cofounder and CEO Dario Amodei. Photo by Getty.
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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From left: Paul Graham, Garry Tan and Michael Seibel. Photos by Getty. Art by Mike Sullivan.
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