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xAI and Anthropic: Implications for SpaceX
On the latest episode of the Equity podcast, we discussed what xAI's deal with Anthropic might mean for parent company SpaceX.
Ask.com Discontinues Search Business
Owner IAC says it's discontinuing its search business.
Hackers Exploit cPanel Bug Used by Millions of Websites
Web hosts are scrambling to fix the bug under active attack by hackers. One company said hackers have been abusing the bug for months.
Anthropic Seeks $900B+ Valuation in Upcoming AI Fundraise
Anthropic is asking investors to submit allocations for the AI company’s latest fundraise within the next 48 hours, according to sources familiar with the matter.
Apple's Record Sales Amid Chip Shortage Concerns
Cook warned that Apple is facing supply-chain headwinds from RAMageddon that could impact its business.
Instagram's New AI Tool Targets Content Aggregators
The update targets content aggregators that don't post original content and instead simply re-upload others' posts.
Parallel Web Systems Valued at $2B After $100M Raise
The AI agent-tool startup founded by former Twitter CEO Parag Agrawal has raised $100 million, led by Sequoia, months after raising a previous $100 million.
Elon Musk Faces Legal Battle Over OpenAI Tweets
Elon Musk took the stand for the second day for his attempt to legally dismantle OpenAI.
Anthropic Aims for $900B Valuation in New Funding Round
The maker of Claude has received multiple pre-emptive offers at valuations in the $850 billion to $900 billion range, according to sources familiar with the matter.
Apple Launches Lower-Cost App Store Subscriptions
Apple is adding a new subscription option that lets app developers offer lower monthly pricing in exchange for a 12-month commitment.
Scholly Founder Sues Sallie Mae Over Termination, Data Claims
Chris Gray is suing his startup’s acquirer, Sallie Mae, for wrongful termination and alleging it's selling student data through a subsidiary. Sallie Mae denies the allegations and vows to fight.
OpenAI Allowed to Sell on AWS in Microsoft Deal
OpenAI has won major concessions from its largest shareholder, Microsoft, that will allow it to sell products on AWS, while Microsoft get more cash in a revenue-share agreement.
China Blocks Meta's $2B Manus AI Deal After Probe
China has ordered Meta to unwind its multibillion-dollar Manus acquisition, dealing a potential setback to Zuckerberg’s push into AI agents.