Tag: company
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Exclusive-Anthropic warns government attitudes may hurt customer ties, IPO prospectus shows
NEW YORK, Oct 2 : Anthropic warned that government attitudes toward the company and its technology could have broader implications for its business, including its relationships with commercial customers and partners, according to the IPO prospectus seen by Reuters.Companies routinely warn that policy changes
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New Mexico wants Meta to pay up to $40 billion in penalties after data privacy trial
Oct 1 : The state of New Mexico asked a judge on Thursday to order Meta Platforms to pay between $35 billion and $40 billion in penalties after a jury found the company had misled consumers about the privacy of their data on Facebook in a case that came out of the Cambridge Analytica scandal.Attorneys…
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What’s gone wrong at Nike? How the world’s sportswear giant lost its mojo
Several self-inflicted mistakes have cost the biggest sportswear brand on the planet in recent years.
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Google announces Gemini 4 flagship AI model after months of delays
SAN FRANCISCO, Sept 30 : Alphabet’s Google on Wednesday announced a new top-tier artificial intelligence model to anchor its Gemini 4 generation of models in a fresh bid to catch up to rivals Anthropic and OpenAI in the AI race.The new model, “Argon”, is larger in size than Google’s previous line of advanced
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Exclusive-Anthropic’s IPO pitch embraces AI’s promise and peril
SAN FRANCISCO/NEW YORK, Sept 30 : Anthropic is planning what could be the largest initial public offering in history. But if AI continues on its current trajectory, humans may not be around much longer to enjoy it. That and other paradoxes flow through the roughly 300-page initial public offering prospectus
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AI infra firm Accelevation’s shares fall in tepid Nasdaq debut
Sept 30 : Data center infrastructure firm Accelevation fell 2.5 per cent in its Nasdaq debut on Wednesday, after pricing its IPO below its marketed range, signaling that investors are turning cautious on the AI story as spending uncertainty looms. Accelevation provides power distribution, cooling, structural
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Inside McDonald’s push to have AI price your Big Mac
NEW YORK, Sept 29 : McDonald’s is increasingly using artificial intelligence to guide menu prices across the U.S. and some global markets, a plan that aims to boost headquarters’ profit but risks alienating customers and attracting antitrust scrutiny. One pricing factor supercharged by AI: an estimate of
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Explainer-What is a public benefit corporation, the Anthropic legal structure?
WILMINGTON, Delaware, Sept 29 : AI lab Anthropic, the developer of Claude, is planning one of the biggest IPOs in history as a public benefit corporation, a legal structure that requires management to consider certain broader interests as well as turning a profit for investors. Below is a look at how public benefit
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Exclusive-Anthropic says rogue AI agents pose uncertain legal risk for the company
Sept 29 : Anthropic could face legal claims from customers and users over the actions of rogue artificial intelligence agents, though the legal framework is uncertain, the company said in the prospectus for its stock market debut seen by Reuters.While it gears up for what could be the largest initial public o
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Meta misled users about Facebook data practices, New Mexico jury finds
Sept 25 : A jury in Santa Fe, New Mexico, found on Friday that Meta Platforms misled the state’s residents in a case arising from allegations that a political consulting firm involved in Donald Trump’s 2016 presidential campaign obtained data from millions of Facebook users without their consent.The verdict f
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