OpenAI

Banking

Anthropic Raises Stakes in Wall Street’s IPO Gold Rush

Photo by Robb Miller via Unsplash

In March, The Information reported that bankers involved in taking the company public expect it to raise a monstrous $60 billion in its IPO.

2 min read

Photo via Ibanez-Picciarella/ZUMAPRESS/Newscom

Artificial Intelligence

As Anthropic Files for IPO, AI Savings Disappoint America’s C-Suites

40% of nearly 1,000 major companies surveyed by Bain & Company found cost reductions from AI use of just 10% or less.

2 min read
Photo via IMAGO/Vincent Isore/IMAGO/IP3press/Newscom

Artificial Intelligence

Neocloud Competition Heats Up As Nebius’ Market Value Rivals Coreweave’s

Last month, Coreweave, the largest independent neocloud company, reported its first-quarter revenue doubled to $2.1 billion.

2 min read
Photo via umiyasu Nakatsuji/Jiji Press/Newscom

Artificial Intelligence

SoftBank’s ‘Go Big or Go Home’ AI Bets Fire Up Markets as IPOs Near

SoftBank is one of OpenAI’s top shareholders, having built up a $64.6 billion, 13% stake in the ChatGPT maker.

2 min read

Semiconductors

Huawei’s Chip Plans: Ambitious or Unrealistic?

Photo via LONG WEI/FEATURECHINA/Newscom

The Chinese company was blacklisted from receiving advanced semiconductor technology in 2019 over national-security concerns.

1 min read

Artificial Intelligence

In AI Chip Race, Nvidia’s Biggest Customers Become Competitors

Photo illustration by Connor Lin / The Daily Upside, Photos by Hapabapa via iStock and Vincent Isore, Florian Gaertner, imageBROKER/Mojahid Mottakin, Andrej Sokolow, Wladimir Bulgar/Science Photo Library, and Kyodo via Newscom

The types of chips that will keep AI’s momentum up are different from those that trained it, creating an opening for rivals to Nvidia.

4 min read

Media & Entertainment

Wall Street Fetes D’Amaro Like a Disney Prince as Earnings Beat Buoys Stock Price

Photo via Joe Burbank/TNS/Newscom

Revenue in the Entertainment division climbed 10% to $11.7 billion, with its streaming unit reporting an 88% leap in operating income.This was Josh D’Amaro’s first earnings report as CEO, and the market treated it as a coronation.Disney shares…

1 min read

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