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- Anthropic to raise $100M from SK Telecom, SoftBank to acquire 25% of Arm from its own Vision Fund
Anthropic to raise $100M from SK Telecom, SoftBank to acquire 25% of Arm from its own Vision Fund
Anthropic is raising $100M from South Korea’s SK Telecom and will partner with it to build a global telecom-focused LLM - Link
Reuters sources: SoftBank is in negotiations to acquire a 25% stake in Arm from its own Vision Fund I ahead of Arm’s scheduled September IPO - Link
Former Intuit SVP Alex Chriss, who played a significant role in Intuit’s $12B Mailchimp acquisition, has been named CEO of PayPal, replacing longtime CEO Dan Schulman - Link
Zoom updated its ToS to clarify that the company would not use user videos, audio, chat, screen sharing, attachments, and more to train AI models - Link
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A message from Jason Calacanis:
We’ve launched a new incubator for Cloud Kitchen Startups... it’s called LAUNCH Cloud Kitchen (LiCK!)
We are looking for:
Successful tech entrepreneurs interested in the food/ghost kitchen space
Food entrepreneurs who want to expand in the ghost kitchen space
Entrepreneurs or chefs looking for a co-founder
Learn more and apply at https://ck.launch.co
Rich Barton joins Jason to give a masterclass on his thought process behind creating evocative top-tier brands like Zillow, Expedia, and Glassdoor. (22:02) Rich also discusses the lessons he learned from Bill Gates during his time at Microsoft (49:22), how tech management has evolved (57:04), and more! - Link
Bloomberg sources: Apple is working on a major redesign for the Apple Watch’s 10th anniversary, called “Watch X” - Link
Amazon has rolled out a new feature, currently available to a subset of mobile users, that uses generative AI to summarize product reviews - Link
Bain Capital will take Chinese data center company Chindata private for $3.16B in an all-cash deal - Link
Better.com, a digital mortgage lender, will go public via SPAC and raise between $550M-$750M after the SPAC was initially announced in May 2021 - Link
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