…One institutional investor had even pledged as much as $5 billion just to get a meeting with Anthropic CFO Krishna Rao. Anthropic plans to use the new funds to “advance our safety…
…The funding round was led by ICONIQ, GIC, and Ontario Teachers’ Pension Plan, and saw investments from a slate of new backers such as Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan…
…AI spending as a reason to let employees go. Cloudflare and General Motors have both laid off staff in recent days, despite reporting strong financial results. Cisco said it plans to invest…
…Axios reports that Groq’s backers Disruptive and Infinitium have agreed to fill the round should other existing investors not want their pro-rata shares. Topics AI , AI chips , groq , In Brief…
…The investments have poured in despite fusion’s lengthy timeline. Though several companies have made progress in recent months on milestones they say pave the way to a viable power plant, most…
…View Bio Most Popular Blue Origin’s New Glenn rocket explodes during testing in Florida Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans Tech CEOs are…
…its investments in a balanced way while retaining a healthy balance sheet.” Meta has also announced plans to raise $30 billion in a bond sale — its largest ever. Topics AI , Amazon , citigroup…
TechCrunch’s StrictlyVC evening in Los Angeles late last week brought together two of the more straight-talking investors working in AI right now. Carter Reum is co-founder of M13 , an…
…We covered some of GM’s battery plans last week, but there is more to share. GM announced plans to sell a commercial energy-storage system for AI data centers and the…
…Tech investors have learned to never bet against Elon, whatever the business logic indicates. But a dispassionate look at SpaceX’s financial plans can still tell us a lot about what they…