Tag: Anthropic

Investors are turning to secondary markets to invest in AI startups, as traditional funding rounds shut them out. Shares in these startups are in high demand, with AI startups representing 25-30% of investor demand. Platforms like AngelList and ForgeGlobal have seen significant increases in secondary rounds for share sales. Caplight has also seen enthusiasm for buzzy AI companies like OpenAI and Anthropic. Despite not yet being available, reports show heavy buy interest in OpenAI in secondary markets.

UK government gains priority access to Google DeepMind, OpenAI, and Anthropic's AI models for research and safety. UK plans to host an AI safety summit in the fall.

Cohere, an AI startup founded by former Google Brain researchers, has raised $270 million in funding from tech giants such as Oracle, Nvidia, and Salesforce Ventures. The Toronto-based company offers generative AI services to enterprises worldwide, helping them with copywriting, search, and summarization tasks. Cohere is an independent supplier, making it a preferable choice for clients not tethered to proprietary cloud providers. The funding will be utilized to scale computing resources and hire staff. Anthropic, another AI startup, has also received backing from Google and Salesforce Ventures.

Former FTX CEO claims key evidence date missed in fraud charges as his lawyers accuse prosecutors of failing to provide the contents of five devices due by the end of March. A laptop and iPhone belonging to former Alameda Research CEO Caroline Ellison and an FTX co-founder Gary Wang's laptop are among the devices, with Bankman-Fried's court date set for October 2nd. Additionally, FTX bankers are looking to cash out their shares in Anthropic, an AI startup valued at $4.6 billion. Perella Weinberg is handling FTX's bankruptcy, with the potential sale worth hundreds of millions of dollars.

Leading AI figures warn of potentially catastrophic risks of AI to humanity. AI must be considered a societal-scale risk alongside pandemics and nuclear war. Many signatories are top industry leaders, yet some experts urge caution on clarity and motives. Risks may come not from autonomous AI turning on us, but from human shortsightedness.