Amazon.com Inc. executives have reportedly held discussions about making a new investment in Anthropic PBC. The Financial Times on Wednesday cited sources as saying that the funding round could be worth billions of dollars. Amazon has already invested about $13.8 billion in Anthropic, mainly in the form of convertible notes. A convertible note is a loan
Global venture capital funding showed renewed strength in the second quarter of this year, with total funding increasing to $91 billion, up from $82 billion in the same quarter of last year. That’s according to a new report released today by market intelligence company Crunchbase Inc. The figure, though up year-over-year, was down from $113 billion in the
Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. are taking their U.S. fab operations in different directions, according to two new reports. The Wall Street Journal today cited sources as saying that TSMC is accelerating investments in its Arizona fab complex. Samsung, meanwhile, is reportedly delaying the completion of a chip factory in Texas. The
Gemini Space Station Inc., the operator of a popular cryptocurrency exchange, today confidentiality filed to go public. The move comes about four months after rumors first emerged that a listing is in the works. A few weeks later, Bloomberg reported that Gemini had hired Goldman Sachs Group Inc. and Citigroup Inc. to manage the offering.
Cloud-first financial institutions are transforming the banking world to meet the needs of a digital generation that prefers not to go to a branch, avoids paper for transactions and has leaned into mobile payments for day-to-day transactions. This change in financial services is the extension of a smartphone-centered culture, where mobile has become the banking