Amazon invested a further $2.75 billion in growing AI power Anthropic on Wednesday, following through on the option it left open last September.
The $1.25 billion it invested at the time must be producing results, or perhaps they’ve realized that there are no other horses available to back.
Lacking the capability to develop adequate models on their own for whatever reason, companies like Amazon and Microsoft have had to act vicariously through others, primarily OpenAI and Anthropic.
Right now the AI world is a bit like a roulette table, with OpenAI and Anthropic representing black and red.
We know Anthropic has a plan, and this year we’ll find out what Amazon, Apple, Microsoft and other multinational interests think they can do to monetize this supposedly revolutionary technology.
The U.K.’s Competition and Markets Authority (CMA) has confirmed that it’s launching a formal “phase 2” investigation into the planned merger between Vodafone and Three UK.
The CMA says that the deal could lead to higher prices for consumers, while also impact future infrastructure investments.
However, the CMA has given both parties a token five working days to address its concerns with “meaningful solutions” before it formally progresses the investigation.
Such a scenario is precisely why the U.K. introduced the National Security and Investment Act back in 2022, with previous form in blocking deals between U.K. entities and Chinese companies.
“This case has more moving parts than the CMA’s other recent big decisions, and is arguably more important for the U.K. economy,” Smith said.
At the low end of this range, $31 billion, though Reddit would be worth $4.93 billion based on an expected 158.98 million shares outstanding.
With $804.0 million in 2023 revenue, Reddit is on track to trade for a multiple of 6.9x to 8.0x its revenue, depending on the valuation estimate you want to use.
Reddit’s game plan for AI is one good reason why it’s pricing its shares closer to Meta than Snap.
Reddit data constantly grows and regenerates as users come and interact with their communities and each other.
Investors might consider Reddit a side-bet on AI itself, even if the company’s core business isn’t creating AI models.
The U.K.’s Competition and Markets Authority (CMA) is launching a formal probe into the proposed merger between Vodafone and Three UK.
That is some 18 months form when they first revealed their plans back in June.
It’s not entirely clear how that might impact this latest merger attempt, but Smith reckons that deal is as good as dead, regardless of what any court might subsequently find.
“The previous Three/O2 merger is still technically going through the EU courts, but that deal is long since dead in reality,” Smith said.
“We strongly believe that the proposed merger of Vodafone and Three will significantly enhance competition by creating a combined business with more resources to invest in infrastructure to better compete with the two larger converged players,” Vodafone UK CEO Ahmed Essam said in a statement.
Sierra Space has completed a key test of its inflatable space habitat, as the company progresses toward launching and operating a private space station with Blue Origin before the end of the decade.
The “ultimate burst pressure” test of the inflatable module was conducted at NASA’s Marshall Space Flight Center.
The softgoods that make up the LIFE habitat include Vectran straps, which are made out of high-performance polymers, and other materials.
Although the burst test is certainly suggestive, it would be a mistake to compare the LIFE module to a balloon.
Sierra said this year will be one of “aggressive” testing at both sub- and full-scale of the other layers of the habitat.
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