Tamara Steffens, former general manager and managing director at Microsoft’s venture fund, M12, is joining Thomson Reuters next week as managing director of its new venture fund, according to people familiar with the matter and spokespeople from the companies. The move illustrates how seasoned corporate investors are in high demand at the moment. Steffens joined Microsoft in 2014 through its...
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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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