Technology
The $7 million in annual recurring revenue that Cluely co-founder and CEO Roy Lee shared with TechCrunch last summer was a lie, Lee admitted on Thursday on X. Wrote Lee, this “is the only blatantly dishonest thing i’ve said publicly online, so this is my formal retraction.” Yet his post on X also misrepresents the…
A typical merger-and-acquisition process is time-consuming and expensive, even for the largest, well-staffed private equity firms. In addition to spending countless hours meeting with senior executives of potential targets and modeling financial outcomes, these groups spend millions of dollars on external advisers: accountants, lawyers, and management consultants. Since expenses for external advisers are not reimbursed…
Dario Amodei said Thursday that Anthropic plans to challenge the Defense Department’s decision to label the AI firm a supply chain risk in court, a designation he has called “legally unsound.” The statement comes a few hours after the Department officially designated Anthropic a supply chain risk following a weeks-long dispute over how much control…
The Department of Defense has officially notified Anthropic leadership that the company and its products have been designated a supply chain risk, Bloomberg reports, citing a senior department official. The designation comes after weeks of conflict between the AI lab and the DOD. Anthropic CEO Dario Amodei has refused to allow the military to use…
In a bid to stave off a major investigation by the European Commission, Meta said on Thursday that it would allow AI companies to offer their chatbots on WhatsApp via its business API for the next 12 months in Europe. The move comes a month after the European Commission told Meta that it intended to…
Apple Music is changing the way that record labels and distributors can flag AI-generated or AI-assisted content when they upload it to the platform. According to Music Business Worldwide, Apple sent a newsletter to industry partners on Wednesday to explain how it will roll out a new set of metadata to promote transparency around how…
At the Morgan Stanley Technology, Media and Telecom conference in downtown San Francisco Wednesday, Nvidia CEO Jensen Huang said his company’s recent investments in OpenAI and Anthropic are likely to be its last in both, saying that once they go public as anticipated later this year, the opportunity to invest closes. It could be that…
Anthropic co-founder and CEO Dario Amodei is not happy — perhaps predictably so — with OpenAI chief Sam Altman. In a memo to staff, reported by The Information, Amodei referred to OpenAI’s dealings with the Department of Defense as “safety theater.” “The main reason [OpenAI] accepted [the DoD’s deal] and we did not is that…
The aftermath of Anthropic’s dispute with the Department of Defense has left the company in an awkward place — both actively in use as part of the ongoing conflict between the U.S. and Iran, and decoupling from many of its clients in the defense industry. Part of the confusion is the overlapping and contradictory restrictions…
The power crunch for AI data centers has gotten so severe that people — not just Elon Musk — are talking about launching servers into space so they can access solar power 24/7. One startup thinks the ocean is a better place for them. Offshore wind developer Aikido is planning to submerge a 100-kilowatt demonstration data center…
