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New Line Cinema's "Lord Of The Rings" Gets 13 Oscar Nominations
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one name to rule them all

Behold! Another “Lord of the Rings”-inspired company is revealed

Venture capitalist Peter Thiel’s affection for Tolkien-inspired names is legendary.

Jon Keegan

When it comes to tech startups, what’s in a name?

Today, a lot of them end with “AI.” Sometimes, you pivot and change the name to reflect your company’s new focus. And sometimes you just want to evoke a mythic power and flex your nerdy bona fides.

There’s one source of inspiration that tech startups have turned to more than others: the works of JRR Tolkien. Especially when venture capitalist Peter Thiel is involved.

This week the Financial Times reported that Thiel, along with Palmer Luckey, the cofounder of weapons and surveillance systems manufacturer Anduril, returned to Middle Earth for the name of the new national bank they’re starting to take the place of Silicon Valley Bank, which served a large part of the tech startup and venture capital world before collapsing in 2023.

“Erebor Bank” takes its name from Erebor, otherwise known as the “Lonely Mountain,” which featured prominently in Tolkien’s 1937 novel “The Hobbit.” Erebor is home to Smaug the dragon, who, like President Trump, surrounds himself with gold.

Let’s see if you can pick the real company names inspired by Tolkien’s works from the fake ones we made up.

(If you need some help, we’ve got two spoilers below the quiz)

Palantir, cofounded by Thiel, is named for the cursed seeing stones that allowed Sauron to pry into the minds of the Hobbits in “Lord of the Rings.”

Luckey’s Anduril is named for the mystical sword reforged from the legendary Shards of Narsil, a name chosen by Aragorn, which translates to “Flame of the West.”

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Amazon cuts another 16,000 roles after laying off 14,000 workers in October

Amazon announced Wednesday that its cutting 16,000 roles across the company, having laid off 14,000 workers only three months ago.

“As I shared in October, weve been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy,” Senior Vice President of People Experience and Technology Beth Galetti wrote in the press release. “While many teams finalized their organizational changes in October, other teams did not complete that work until now.”

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm — where we announce broad reductions every few months. That’s not our plan.”

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm — where we announce broad reductions every few months. That’s not our plan.”

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Anthropic reportedly doubles current fundraising round to $20 billion

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.

Produce At Whole Foods Market's Flagship Store

Amazon says it’s doubling down on opening Whole Foods stores. That sounds familiar.

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.

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