Anthropic, an OpenAI rival, is reportedly in discussions to secure a $750 million funding round. The investment is being led by Menlo Ventures and could potentially value Anthropic at up to $18.4 billion. This latest development comes after Anthropic had already raised $750 million from funding rounds earlier this year, involving prominent companies such as
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The recent summit between Chinese President Xi Jinping and President Joe Biden in San Francisco has raised concerns over China’s plans to reunify Taiwan with mainland China. This article delves into the details of the meeting, shedding light on Xi’s warning and shedding light on the potential implications for the future of Taiwan and its
ESG (environmental, social, and corporate governance) investing has faced challenges in terms of transparency and inconsistent metrics, making it difficult for investors to accurately assess the impact of their investments. However, San Francisco-based asset manager Newday Impact Investing believes that the use of an Ecological Benefits Framework (EBF) could provide a new approach to social
The Powerball jackpot for the next drawing has soared to a staggering $543 million, making it the fourth time in 2023 that the jackpot has exceeded half a billion dollars. Winners have the choice between two payment options: a lump sum payout of $272.2 million or an annuitized payout of $543 million. This article delves
While physical infrastructure improvements are often overlooked, they play a crucial role in shaping the economic growth and competitiveness of a nation. The United States, recognizing this, is investing heavily in upgrading its port infrastructure. With the Biden administration committing $21 billion towards modernizing port facilities, it is clear that the importance of robust port
Cities across the eastern United States are bracing themselves for a significant storm system that is set to disrupt weekend plans. This powerful system, originating in the Gulf of Mexico, is expected to bring torrential rain, high winds, and severe thunderstorms to the East Coast. With impacts projected to last through Monday, preparations are underway
Next week, investors will closely monitor the release of the November personal consumption expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge. This comes after recent data showed signs that the central bank’s efforts to cool down inflation are starting to take hold. With the stock market reaching new highs and Treasury yields dropping, investors
Intel recently unveiled its latest line of computer chips, including Gaudi3, an artificial intelligence chip specifically designed for generative AI software. Set to launch next year, Gaudi3 will directly compete with similar chips from leading competitors Nvidia and AMD, both of which currently dominate the market for powerful and energy-intensive AI models. Nvidia’s GPUs are
Adobe, the software giant, saw a sharp decline in its shares during extended trading on Wednesday, dropping more than 6%. The company’s underwhelming forecast for 2024 left investors disappointed. Despite beating estimates for its latest quarter’s earnings and revenue, Adobe’s guidance failed to meet Wall Street’s expectations. In the fiscal fourth quarter, Adobe’s revenue grew
In a surprising turn of events, President Joe Biden delivered his harshest criticism to date of the Israeli government following the recent terrorist attack by Hamas. During an off-camera campaign reception in Washington, he expressed his belief that Prime Minister Benjamin Netanyahu must make a tough decision and implement necessary changes. Biden accused the current