Anthropic’s next funding round is reportedly growing larger. Anthropic, which makes the AI chatbot Claude, is finalizing a $3.5 billion fundraising round that values the company at $61.5 billion, according to The Wall Street Journal. Anthropic initially set out to raise $2 billion, but investors have now agreed to a larger tranche, per the WSJ. […]
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Edtech company Chegg has sued Google claiming that the tech giant’s AI summaries of search results have hurt Chegg’s traffic and revenue. In the suit, filed in the U.S. District Court for the District of Columbia, Chegg accuses Google of unfair competition — specifically reciprocal dealing, monopoly maintenance, and unjust enrichment. Google, Chegg claims, forces […]
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Do you sometimes refer to X by its old name, Twitter? That’s okay. Even Elon Musk, the man who changed Twitter’s name to X, still occasionally refers to the social media platform he runs as Twitter. “Twitter added far more features with fewer people,” said Musk in a post on X Monday. The owner of […]
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Elizabeth Holmes and Ramesh “Sunny” Balwani’s appeals to overturn their fraud convictions and reduce their prison sentences were denied Monday by the Northern District Court of California, which also refused to soften their $452 million joint restitution order. Holmes, the founder of Theranos, and Balwani, its former COO, were convicted in separate trials in 2022 […]
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Apple Fellow Phil Schiller, the executive in charge of leading the App Store, testified in court on Monday that he had originally raised concerns about the 27% commission the iPhone maker planned to charge app developers on any purchases made outside the App Store. In addition to being a potential compliance risk, he suggested that […]
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Over the weekend, Elon Musk surveyed his followers on X — the platform he spent $44 billion to buy — asking whether federal employees should be required to send his team an email with a list of five things they accomplished this week. With the yes votes totaling over 70%, Musk followed through. Federal employees […]
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