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SpaceX went public this week in the largest IPO ever, making CEO Elon Musk the world’s first trillionaire. Despite its name, SpaceX has been emphasizing the potential of its costly AI business, and competitors OpenAI and Anthropic may soon follow with their own public market debuts. So on the latest episode of TechCrunch’s Equity podcast,…
Anthropic’s sudden move to suspend access to its newest AI models following a U.S. government directive has raised fresh questions across the global technology industry. In India, the decision has reignited a long-running debate over whether one of the world’s largest AI markets can afford to rely on technologies built and controlled elsewhere. The announcement…
Amazon CEO Andy Jassy may have been the source of security concerns that led Anthropic to cut off worldwide access to two models on Friday. The Wall Street Journal reports that Jassy told Treasury Secretary Scott Bessent and other government officials that Amazon researchers used Anthropic’s Claude Fable 5 to obtain information that could be…
The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for…
Anthropic has partnered with Indian IT services giant Tata Consultancy Services in a bid to accelerate adoption of its artificial intelligence models at enterprises. The partnership will see TCS creating a business unit focused on deploying Anthropic’s AI models to its customers. TCS will also gain early access to new model releases, which it says…
If founders and other business leaders weren’t already envious of Dario Amodei, who sits atop one of the world’s fastest-growing AI companies — currently valued by private market investors at roughly the trillion-dollar mark little more than five years after it was founded — they’re going to be seriously envious now. In a new sit-down…
Anthropic released its latest model Fable on Tuesday, billing it as a public and limited version of its powerful and much-hyped cybersecurity model Mythos. But not everyone is happy with the restrictions, and a number of cybersecurity researchers and professionals have aired complaints online. “[Fable] rejects any request that could be tangentially cyber related. Even…
Last year, Justin Ernest noticed a massive gap in how venture capital was working: Family offices and smaller institutional investors were eager to invest in the fastest-growing AI companies but couldn’t get access to those cap tables. Having spent over five years at Playground Global investing in deep tech and helping lead fundraising, Ernest was…
The AI boom has been built on a basic assumption: bigger models are more powerful, and the most powerful models win. Now, the industry is about to learn what happens if that assumption starts to break. Mounting costs have already pressured users to give smaller and cheaper models a second look. This cost-conscious model-shopping is new and it’s unclear how it will affect the industry, but the impact is…
We’re likely to see more price increases as the big AI companies plan to go public. If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. If you want to read more like this article, you can…