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Anthropic may offer up to 20% of its IPO to retail, Bloomberg says

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Anthropic is weighing setting aside 15% to 20% of the shares in its IPO for retail investors, people familiar with the matter told Bloomberg on Wednesday, 28 October. JPMorgan will lead the US retail offering, they said. TNW has not independently verified the report. The S-1 prospectus only says the banks may set aside shares […]

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Meta shareholders sue Zuckerberg to block his non-voting share plan

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Meta shareholders have sued Mark Zuckerberg and the rest of Meta’s board to stop a plan for a new class of non-voting shares. They filed the class action in the Delaware Court of Chancery on Tuesday, 27 October. Ryan Knappenberger reported it for Courthouse News. The plaintiffs are two Steamfitters Local 449 funds and two […]

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AMD to invest $1bn in Meta as its Helios racks start running there

Artificial Intelligence, Business, Digital Marketing, Investors and funding, Meta, nvidia, SEO Tips, Technology /

AMD will invest $1bn in Meta’s equity offering, the chipmaker said on Tuesday, 27 October. It made the pledge in a release on its partnership with Meta. AMD also said its first Helios rack systems are now running at Meta. The money comes on top of Nvidia’s pledge to invest $3bn in Meta. That brings […]

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SK Hynix profit jumps 632% as it says memory shortage will last to 2030

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SK Hynix reported record third-quarter results on Wednesday, 28 October. Operating profit rose 632% from a year earlier to 83.3 trillion won (about $62bn). Revenue rose 328% to 104.6 trillion won, it said in its earnings release. It is the first time the South Korean memory maker’s quarterly sales have passed 100 trillion won. Its […]

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Plato raises $16M to build fake offices where AI agents learn real jobs

Artificial Intelligence, Business, Digital Marketing, Investors and funding, SEO Tips, Technology, United States /

Plato raised a $16M Series A led by Nava Ventures, with Gradient Ventures and Microsoft AI chief Mustafa Suleyman joining. It pays professionals to recreate their jobs as simulations where AI labs train and test agents. Total funding is $19M. Plato, a San Francisco startup that builds pretend workplaces where AI agents can practise real […]

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RapidCanvas buys Entytle to sell AI agents to industrial manufacturers

Artificial Intelligence, Business, Digital Marketing, Merge and Acquisition, SEO Tips, Technology, United States /

Austin-based RapidCanvas has bought Entytle, whose AI helps industrial equipment makers such as Baker Hughes and Veolia find parts and service sales across machines already in use. Terms were not disclosed. The deal follows RapidCanvas’s $29M Series B this month. RapidCanvas, an Austin firm that builds and runs AI tools for businesses, has bought Entytle, […]

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Anthropic’s IPO filing leaves Ben Mann out of its founder voting group

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Anthropic’s IPO filing leaves Ben Mann, who co-leads its Labs team, out of the founder group that will control the company after it lists. A footnote on page 248 of the S-1 prospectus, filed on 26 October, says Mann is “often referred to as a co-founder”. He is not a member of the Founder LLC, […]

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China’s first all-AI feature film cost $1.5m and has made about $180,000

Artificial Intelligence, Business, China, Digital Marketing, Media, Movies, SEO Tips, Technology /

Sanxingdui: Future Past is China’s first fully AI-generated feature film. It took an estimated $180,000 in its first four days in cinemas, to Monday. Ticketing platform Maoyan supplied the figure, Fortune reported. The film cost more than 10 million yuan ($1.5m) to make, its studio, Bona Film Group, has said. It opened on Friday with […]

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FIA names AWS its official AI and cloud partner for motor sport

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The FIA, which governs motor sport worldwide, has named Amazon Web Services (AWS) its official partner for AI, cloud computing, machine learning and cloud infrastructure. The deal was announced today, and it covers every level of the sport, from club racing up to Formula 1. Under the agreement, AWS will help shape the technical rules […]

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