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A typical merger-and-acquisition process is time-consuming and expensive, even for the largest, well-staffed private equity firms. In addition to spending countless hours meeting with senior executives of potential targets and modeling financial outcomes, these groups spend millions of dollars on external advisers: accountants, lawyers, and management consultants. Since expenses for external advisers are not reimbursed…
Dario Amodei said Thursday that Anthropic plans to challenge the Department of Defense’s decision to label the AI firm a supply-chain risk in court, a designation he has called “legally unsound.” The statement comes a few hours after the DOD officially designated Anthropic a supply-chain risk following a weeks-long dispute over how much control the…
Amazon Web Services announced Thursday the launch of Amazon Connect Health. This AI agent-powered platform is meant to help health care organizations automate repetitive administrative tasks including appointment scheduling, documentation, and patient verification, among other things. Amazon Connect Health is HIPAA eligible and connects with electronic health record (EHR) software. The platform is currently partnered…
Netflix on Thursday morning said it is acquiring InterPositive, a filmmaking technology company founded in 2022 by actor Ben Affleck. The acquisition aligns with Netflix’s approach to the use of generative AI in filmmaking: The company has already used generative AI for special effects in some original content, and has assured investors that it is…
This isn’t David Park’s first rodeo. The veteran founder and TechCrunch Startup Battlefield alumnus has certainly been battle-tested in the enterprise arena. On this episode of Build Mode, Park joins Isabelle Johannessen to discuss how he and his team are intentionally iterating, fundraising, and scaling Narada. This enterprise AI solution uses large action models to automate complex, multistep workflows across enterprise systems. At face…
Apple Music is changing the way that record labels and distributors can flag AI-generated or AI-assisted content when they upload it to the platform. According to Music Business Worldwide, Apple sent a newsletter to industry partners on Wednesday to explain how it will roll out a new set of metadata to promote transparency around how…
At the Morgan Stanley Technology, Media and Telecom conference in downtown San Francisco Wednesday, Nvidia CEO Jensen Huang said his company’s recent investments in OpenAI and Anthropic are likely to be its last in both, saying that once they go public as anticipated later this year, the opportunity to invest closes. It could be that…
Anthropic co-founder and CEO Dario Amodei is not happy — perhaps predictably so — with OpenAI chief Sam Altman. In a memo to staff, reported by The Information, Amodei referred to OpenAI’s dealings with the Department of Defense as “safety theater.” “The main reason [OpenAI] accepted [the DoD’s deal] and we did not is that…
John Davie wanted Buyers Edge Platform, the hospitality procurement enterprise he founded and still leads, to benefit from the AI wave. When he looked around, the CEO wasn’t satisfied with the options. The answer was CollectivIQ, a Boston-based company incubated at Buyers Edge Platform that gives users more accurate answers to their AI queries by…
Alibaba’s Qwen AI project has lost one of its most visible technical leaders just a day after the Chinese tech giant unveiled its new Qwen 3.5 open-weight small models. Junyang Lin, a central technical leader on Alibaba’s Qwen team, said in a post on X on Tuesday that he was “stepping down” from the project,…