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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

Roots. Invest in the only real estate investment trust that creates wealth for you and its residents at investwithroots.com/twist.

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

This Week in Startups

E1791: Zillow CEO Rich Barton on branding, building in provocative industries, and more!

E1790: Next Unicorns: Making surgeons bionic via computer vision & AI with Proprio’s Gabriel Jones

E1789: AI demos + Jason invests $25K live!

E1788: LK-99 breakthrough with Varda’s Delian Asparouhov & Andrew McCalip

E1787: Next Unicorns: Unlocking the power of photonic computing with Lightmatter CEO Nick Harris

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