AI Startups Are Facing a ReckoningRead more

Briefing

UK Orders Meta to Sell Giphy

By
Mark Di Stefano
· · Source: The Information

The U.K.’s competition regulator has ordered Meta to sell GIF-database website Giphy in a landmark move for the country’s antitrust enforcer. Meta had completed the $315 million acquisition but hadn’t integrated Giphy while the probe was underway. In a statement on Tuesday , the Competition and Markets Authority said the investigation found Meta’s acquisition of the GIF database would harm...

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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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