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OpenAI Rival Anthropic Taps Google and Others to Raise $2 Billion

With the massive fundraise, Anthropic will focus on making significant developments on Claude Next and increase spending to boost its AI model. A week after raising $1.25 billion from tech giant Amazon, OpenAI rival firm Anthropic has tapped Google and others to raise an additional $2 billion in fresh funding. Google had already picked up a 10% stake in Anthropic last year in 2022. Sources familiar with the matter stated that Google is planning to raise its stake further. The two-year-old...

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Amazon and Anthropic Join Efforts to Advance Generative AI

Within the newly announced collaboration, Amazon will invest as much as $4 billion into Anthropic, with AWS becoming Anthropic’s primary cloud provider for mission-critical workloads. American e-commerce giant Amazon.com Inc (NASDAQ: AMZN) has announced a strategic partnership with San Fransisco-based AI safety and research startup Anthropic. Within the deal, Amazon and Anthropic will work on developing advanced generative AI models that are safer, better-performing, and more reliable....

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Singapore Ride-Hailing Giant Grab Plans First Massive Layoffs since Pandemic

Despite expressing positive revenue projections for 2023 and accelerating its profitability timeline in February, Grab is now planning a fresh round of layoffs. Grab Holdings, a Singapore-based ride-hailing and food delivery company, is gearing up for its largest round of layoffs since the pandemic, according to a report by Bloomberg on Tuesday. Sources familiar with the matter stated that the company would officially announce the planned job cuts this week, which is expected to surpass...

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UK Regulator Approves Amazon’s $1.7B Acquisition of Roomba-maker iRobot

UK’s Competition and Markets Authority (CMA) has given a go-ahead to the deal noting that Amazon is not violating any competition concerns. Earlier today on Friday, June 16, Britain’s competition regulator gave a go-ahead to Amazon for its planned acquisition of the Roomba vacuum cleaner maker – iRobot Corporation. UK’s Competition and Markets Authority (CMA) said that they have cleared the deal which would not lead to any competition concerns in the country. Earlier in April 2023, the...

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