Summary SK Hynix has joined Samsung and Micron in reaching a $1 trillion market cap this week. The AI boom has driven unprecedented demand for memory chips, leading to record profits for South Korean companies. The global AI boom has also triggered a debate on whether enough is being done to share bumper profits with…
Anthropic has raised $65 billion in Series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, valuing the company at $965 billion post-money. Global enterprises across industries are deploying Claude in their core operations, and a growing number of people around the world use it for their everyday work. Since our Series G…
Summary CNN has filed a lawsuit against the AI company Perplexity, accusing it of unlawfully copying and distributing its content. The network says it tried to negotiate a licensing deal with Perplexity last year but failed to reach an agreement. Perplexity faces similar legal challenges from other major publishers including The New York Times and…
Anthropic, once the lesser-known artificial intelligence competitor to OpenAI, has been on an inexorable rise over the past few months. The San Francisco company recently dueled with the Pentagon over the use of A.I. in warfare. It released a powerful A.I. model, Mythos, that it said was uncannily capable of finding and exploiting hidden flaws…
Anthropic is now the most valuable artificial intelligence company in Silicon Valley. The AI giant announced a $65 billion Series H financing round at a $965 billion valuation on Thursday. The financing puts its valuation above that of rival AI lab OpenAI. CNBC reported in late April that Anthropic was in talks to raise capital….
An old-fashioned newspaper war is brewing in the nation’s capital. The Washington Star, a newspaper that stopped printing more than 40 years ago, has started publishing again under the ownership of Dovid Efune, a media executive and publisher of The New York Sun. It comes just weeks after the politics site NOTUS announced it would…
Dell reported its fastest pace of revenue growth for any period since its return to the public market more than seven years ago, and topped analysts’ estimates for sales and profit. The stock climbed as much as 39% in extended trading on Thursday. Here’s how the company did in comparison with LSEG consensus: Earnings per…
CFRA Research senior vice president and head of technology Angelo Zino explains why Nvidia, AMD, Microsoft and Meta remain top ‘strong buy’ picks amid the ongoing AI-driven tech rally on ‘Making Money.’ Meta is rolling out paid subscription plans for Facebook, Instagram and WhatsApp as the company expands premium features and artificial intelligence offerings across…
A ‘Mornings with Maria’ panel analyzes the markets, the impact from the conflict in Iran and investing in companies that the government has a stake in. The Federal Reserve’s preferred inflation gauge remained stubbornly high in April as consumers continued to face elevated price growth. The Commerce Department on Thursday reported that the personal consumption expenditures (PCE)…
Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas’ Golden Nugget and chains like Rainforest Cafe and Morton’s. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Caesars became an iconic name after the opening of Caesar’s Palace on the Las…
