While the tech industry generally keeps its belt tightened, investors are still going gaga over anything to do with AI, according to the Wall Street Journal.
That’s meant plowing money into startups that don’t even have products, let alone revenue, fueling concerns of a bubble. That money buys a whole lot of chips.
Anthropic has doubled its current fundraising round to $20 billion on strong investor demand, according reporting from the Financial Times. The new fundraising round would value the company at a staggering $350 billion. That’s up 91% from September, when it raised at a valuation of $183 billion.
The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.
Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.
The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.
Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.
The company says it’ll open 100 Whole Foods locations in the next few years. That sounds similar to plans Whole Foods’ CEO laid out in 2024 for opening 30 stores a year. Since then, it appears to have added 14, total.
A look back at how the Chinese startup shattered conventions, changed the way Big Tech thought about AI, and blew a $1 trillion hole in the stock market that got filled right back up... and then soared to new levels.
More and more communities across the US are wrestling with the pros and cons of having a data center come to town. Georgia has become a hotspot of resistance to the data centers planned by Big Tech, according to a new report from The Guardian. The Atlanta metro area led the nation in data center construction in 2024.
Georgia state representatives introduced legislation that would place a one-year moratorium on data center construction in the state. Ten Georgia municipalities have already passed local bans on data centers.
Per the report, at least three other states have seen similar data center moratorium legislation introduced in the last week, including Maryland and Oklahoma.
Georgia state representatives introduced legislation that would place a one-year moratorium on data center construction in the state. Ten Georgia municipalities have already passed local bans on data centers.
Per the report, at least three other states have seen similar data center moratorium legislation introduced in the last week, including Maryland and Oklahoma.
