Matching stories Newest first
Anthropic reportedly struggles to secure cloud compute as providers turn competitive
Cloud providers reportedly increasingly view Anthropic as a competitor while its infrastructure spending balloons ahead of a planned November IPO.
Eric Schmidt reportedly holds about half the Anthropic stake of CEO Dario Amodei
Bloomberg reports that former Google CEO Eric Schmidt owns roughly a 1% stake in Anthropic, about half of what Dario Amodei holds.
Eka Robotics valued at $1.45 billion on physical AI robotic arm model
Eka Robotics is reported to be worth $1.45 billion, with experts praising its robotic arm for picking up a wide range of objects smoothly and human-like.
Otter.ai raises $320 million from General Catalyst's Customer Value Fund
The meeting note-taking startup says the funding comes from General Catalyst's CVF, which provides capital without diluting equity and earns returns based on marketing spend results. Otter.ai plans to use it for enterprise growth, go-to-market, international expansion and product innovation.
OpenAI acquires Orchestra Bio to expand AI into life sciences R&D
The acquisition brings AI-powered operations to life sciences research and development, helping biopharma teams accelerate drug development.
Nscale and Anthropic reportedly in talks on another $45B compute deal
According to TechCrunch, the two companies are in talks over a deal worth about $45 billion, which would be another large compute agreement for Anthropic. The report is not yet confirmed by either party.
CoreWeave's bonds fall into distressed territory as shares drop over 20 percent
CoreWeave's bonds slipped into distressed territory, with yields about 1,000 basis points above government bonds. Its shares are down more than 20 percent since the prior Tuesday's close, and other AI stocks saw some spillover.
Tolan raises $30M for its AI companion app
The AI companion app Tolan has raised another $30 million after reaching more than 250,000 active users.
Disney hires most of Character.AI staff and may acquire its technology after bankruptcy
Court filings show Character.AI filed for bankruptcy as part of a deal letting Disney hire most staff and potentially acquire much of its technology, leaving the remaining company to handle lawsuits and regulator investigations.