Sources: Anthropic projects $850M+ in annualized revenue by 2024's end, or $70M+/month, an increase of over 8x from its monthly revenue around September 2023
3 months ago, that estimate was $500MM. And for the ongoing raise, Menlo is using an SPV with a fee for other investors to join. https://www.theinformation.com/ ... Stephen Loynd / @loyndsview : “The ...
Source: a breakthrough spearheaded by OpenAI chief scientist Ilya Sutskever enabled a model that could solve basic math problems, stoking excitement and concern
You are probably sick of hearing about OpenAI palace intrigue … Anton Shilov / Tom's Hardware : OpenAI Is Close to AI Breakthrough That Could Threaten Humanity: Report Kate Seamons / Newser : Reuters:...
Source: an OpenAI employee share sale valuing the company at $86B is back on track after Sam Altman's reinstatement and is expected to close in December
Maria Heeter / The Information : Bluesky: @fack.bsky.social . X: @rm_infinite , @westcoastbill , @nearcyan , @barret_zoph , @chiefaioffice , @qmaqdk , @kateclarktweets , @ftraderft , @heetermaria , @...
Trucking marketplace Convoy starts shutting down; sources: the startup had ~$320M in 2023 revenue by early October, on pace to fall short of the $630M in 2022
Trucking Startup Backed By Bezos And Gates—Shutting Down After Failing To Find Buyer, Report Says Taylor Soper / GeekWire : Convoy collapse: Read CEO's memo detailing sudden shutdown of Seattle trucki...
Sources: in H1 2023, Flexport burned ~$300M and its revenue fell nearly 70% to $700M; founder Ryan Petersen, back as the CEO, says Flexport has $1B+ in net cash
Maria Heeter / The Information :
Source: Stripe lowers its internal valuation by ~11% to $63B, its third known cut since June 2022, bringing the total reduction to ~40% in the past six months
Maria Heeter / The Information :