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Anthropic has raised $65 billion in funding at a $965 billion post-money valuation in its latest funding round, which could be the AI startup’s last private funding before its public market debut. The Series H round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, D1 Capital Partners and others. Institutional investors including Baillie Gifford, Blackstone, Brookfield, DE Shaw Ventures, DST Global, and Fidelity Management & Research participated in the round. Strategic infrastructure partners such as Samsung, SK Hynix, and Micron also participated in this round. A portion of this round ($15 billion) also consists of previously…
U.S. Treasury yields again edged lower on Thursday and oil prices fell, even as new U.S. figures reflected sustained inflation, following reports that U.S. and Iranian negotiators had agreed to extend the ceasefire. The yield on the 10-year Treasury note, a key measure for mortgages, auto loans and credit card debt, fell nearly 3 basis points to 4.453%. The yield on the two-year Treasury note, which is most sensitive to the Federal Reserve’s short-term interest rate decisions, fell nearly 1 basis point to 4.025%. The yield on the 30-year Treasury note, which is typically most sensitive to geopolitical risks, fell…
international business machine CEO Arvind Krishna said Anthropic’s Mythos is critical to driving the company’s $5 billion investment in new cybersecurity products announced Thursday to address vulnerabilities in open source software.”Mythology was an important trigger for this,” Krishna said in an exclusive interview with CNBC.Open source models are often used by businesses because of their price and ease of access. Red Hat is also participating in an initiative called Project Lightwell.Major US banks have already signed on to the project, goldman sachs, morgan stanley, JP Morgan and bank of america Dear early adopters.”They’re going to use the latest tools to…
Asana has acquired workflow automation company StackAI for $75 million. This is part of a larger effort to position itself as an AI-native workplace platform. StackAI founders Tony Rosinol and Bernard Aceituno will join Asana as part of the acquisition. Asana positioned the acquisition as part of a broader AI axis, building its platform into an “operating system for human-agent teams.” The announcement was made Thursday afternoon in conjunction with Asana’s earnings and investor call. Built as an AI workflow automation system, StackAI ingests data from systems like Salesforce, Slack, and Gsuite and designs agents that work within your existing…
Oil futures are still pricing in a quick resolution to the Iran war, but analysts warn investors and consumers are likely to be left disappointed.Prices rose more than 3% at one point early Thursday after the United States and Iran exchanged fresh missile strikes as hostilities in the Middle East appeared to be escalating again. brent crude oilthe international price benchmark was last up 2.1% at $96.29. west texas intermediate After rising 2.4%, futures prices once again exceeded $90 per barrel.Callum McPherson, head of commodities at Investec, said investors were finding it “incredibly difficult” to understand ongoing price movements, pointing…
Anthropic is now Silicon Valley’s most valuable artificial intelligence company. The AI giant announced a $65 billion Series H funding round on Thursday at a valuation of $965 billion. With this funding, the company’s valuation has exceeded that of competing AI research institute OpenAI. CNBC reported in late April that Anthropic was in talks to raise financing.The latest round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, and nearly tripled Anthropic’s valuation from February’s valuation of $380 billion. The company said the funding also includes $15 billion in previously committed investments, including $5 billion from Amazon. Anthropic’s biggest…
President Donald Trump’s administration has filed a lawsuit against four Democratic-leaning states for refusing to issue confidential license plates to vehicles carrying federal immigration agents.On Thursday, the Justice Department announced the complaint on its website, accusing the states of Maine, Massachusetts, Oregon and Washington of defying the federal government’s demands.Recommended stories list of 3 itemsend of listIt argued that masked license plates were necessary for the “work effectiveness and safety” of investigators “who are facing a wave of targeted harassment.”But state officials pushed back, arguing that Immigration and Customs Enforcement (ICE) agents should not be allowed to operate covertly without…
Cloud infrastructure has long been designed around humans searching, clicking, scrolling, and streaming in a stable and predictable manner. AI agents behave differently. They unleash massive amounts of activity, querying hundreds of databases, searching documents, launching multiple subagents that call APIs in seconds, and disappearing as quickly as they arrive. With that premise in mind, Amazon is redesigning the core of its cloud infrastructure. On Thursday, AWS announced the next generation of OpenSearch Serverless. It is a fully managed search and vector database, essentially a large-scale information storage and retrieval system designed specifically for agent workloads. AWS says the new…
Eli Lilly & Co.’s Zepbound injection pen placed on Thursday, March 28, 2024 in the Brooklyn borough of New York City, USA.Shelby Knowles | Bloomberg | Getty ImagesCVS Health On Thursday, it announced it would restore coverage. Eli Lillylaunches blockbuster weight loss injectable Zepbound and begins incorporating its new obesity drug into standard drug plans. This is a win for drug companies and some patients who now have access to more treatment options.CVS added coverage for Zepbound on October 1st and plans to begin coverage for Lilly’s newly approved Foundayo pill on June 1st. The move will strengthen Lilly’s efforts…
Octa The onslaught of agent-based artificial intelligence has soared demand for identity security tools, topping Wall Street’s first-quarter fiscal year estimates after the bell Thursday. The stock price rose 8%.Here’s how the company performed against LSEG’s estimates:Earnings per share: 91 cents adjusted, 85 cents expected; Revenue: $765 million, $752 million expected.The identity security provider said its revenue was up 11% from a year ago. Net income rose to $74 million, or 42 cents per share, from $62 million, or 35 cents per share, a year ago.CEO Todd McKinnon told CNBC that demand for Okta’s identity tools is surging due to…