US tech stocks were set to open lower on Thursday after mixed results from Alphabet and Microsoft. Investors are weighing how much Big Tech spends on AI against how quickly that spending pays off. Nasdaq 100 futures were down 1.2% early on Thursday, Re…
Anthropic has told California Governor Gavin Newsom that the state should be able to ask a court to block AI models that pose a serious risk. The AI company made the case in a letter first reported by Politico. The letter, dated 15 October, responds to…
Anthropic is weighing setting aside 15% to 20% of the shares in its IPO for retail investors, people familiar with the matter told Bloomberg on Wednesday, 28 October. JPMorgan will lead the US retail offering, they said. TNW has not independently verif…
Meta shareholders have sued Mark Zuckerberg and the rest of Meta’s board to stop a plan for a new class of non-voting shares. They filed the class action in the Delaware Court of Chancery on Tuesday, 27 October. Ryan Knappenberger reported it for Court…
The US Justice Department is asking how Nvidia’s $12.9B purchase of Hugging Face would affect competition in AI, including whether it would hand Nvidia a key distribution point for models. The questions run alongside a years-long probe into Nvidia’s co…
The US Federal Communications Commission has approved Amazon Leo’s $11.5bn purchase of Globalstar. Globalstar runs the satellite service behind Apple’s iPhone emergency features. On Tuesday, 27 October, the FCC’s Space Bureau cleared the transfer of ab…
Anthropic will give US government buyers a 40% discount on Claude under an expanded deal with the General Services Administration (GSA). The company announced it in a blog post on Tuesday, 27 October. For the first time, the discount also covers state,…
Anthropic engineering manager Felix Rieseberg has dropped the coding interview from his team’s hiring. He explained the change in a blog post on Tuesday, 27 October, titled “Hunger beats tenure: Advice for junior engineers”. Rieseberg has led engineeri…
Plato raised a $16M Series A led by Nava Ventures, with Gradient Ventures and Microsoft AI chief Mustafa Suleyman joining. It pays professionals to recreate their jobs as simulations where AI labs train and test agents. Total funding is $19M. Plato, a …
Austin-based RapidCanvas has bought Entytle, whose AI helps industrial equipment makers such as Baker Hughes and Veolia find parts and service sales across machines already in use. Terms were not disclosed. The deal follows RapidCanvas’s $29M Series B …