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Latest Tech Updates
- Sources: OpenAI is racing to secure investor commitments before Anthropic's expected IPO in mid-Nov. and aims to raise ~$30B; the round could value it at $1.4T+ (Reuters)
- Sources: Ted Sarandos complained for months of a lack of new hit shows at Netflix and US watch time being down; it just fired its film chief and content chief (Wall Street Journal)
- Sources: Waymo aims to expand its fleet to 8K by the end of this year, up from 4K today, and to 20K by the end of 2027, after raising $5B in debt this month (Ellen DiMauro/Semafor)
- Sources: Eric Schmidt, who owns ~1% of Anthropic after investing tens of millions in its Series A, is poised to have one of the largest windfalls from its IPO (Bloomberg)
- Cloudflare debuts Clairic, a System One-class extraction model it says processes unstructured data faster, more cheaply, and more accurately than normal LLMs (Cloudflare)
- The US FTC clears Publicis' $2.2B LiveRamp acquisition, subject to a consent decree requiring equal access to LiveRamp's data connectivity tools for all clients (Leah Nylen/Bloomberg)
- Dream Labs, which offers an API for its Dream-1 robot foundation model trained on human videos, raised a $90M seed led by B Capital and Kindred Ventures (John Koetsier/Forbes)
- Ex-OpenAI worker accused of planting device had Saudi support, says court filing
- Ramp says it applied to the US OCC for a trust bank charter that, if approved, would allow it to offer fiduciary investment management and digital asset custody (Paige Smith/Bloomberg)
- Sources: Nscale is in talks for a second deal with Anthropic worth ~$45B to deliver 460MW of computing power at its West Virginia campus using Vera Rubin chips (Bloomberg)
- Meta details Prometheus, its gigawatt-scale supercluster in Ohio, which will have ~1M GPUs at full scale and was used to train its Muse foundational models (Engineering at Meta)
- US bans DeepSeek AI from government use as tech tension with China continues
- Uber wins bid to throw out £340m black cab claims
- Musk and Anthropic pledge public share giveaways
- China's growth accelerates as AI boom helps boost exports