Anthropic Makes OpenAI Look CheapRead more

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WeWork Reports 7.8% Increase in Revenue for Q4

By
Martin Peers
· · Source: The Information

WeWork reported that it burned through $467 million in cash in the fourth quarter, a sign that the co-working space provider’s financial condition remains weak, even as revenue rose 7.8% to $718 million. For the full year, the company burned through $2.2 billion. The company is forecasting a much better year in 2022. It projects revenue will bounce back to $3.4 billion in 2022, up about a...

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What a time to be a tech business reporter! Even as Sam Bankman-Fried’s fraud trial gets underway, our scoop yesterday about AI startup Anthropic’s rising valuation suggests that the disgraced FTX founder may have scored at least one home run with his Anthropic investment. Yes, that’s right: The fast-evolving story about AI startups has converged with the SBF drama. The big question is how much...
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