AMD will acquire Fei-Fei Li’s World Labs for $8.2 billion
The acquisition will see World Labs founder Fei-Fei Li join AMD as executive vice president and chief scientist.
AMD is acquiring World Labs, a developer of deep learning models designed to understand physical reality, for $8.2 billion. World Labs' founder will join AMD as executive vice president and chief scientist, and the two companies say the deal will allow them to combine model research with chip-making and hardware development. The acquisition helps AMD compete with rivals in creating AI-specific chips and access world models, which are considered vital for deploying generative AI on robotic platforms and creating synthetic training data. The deal is expected to close before the end of the year pending regulatory approval.
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Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
Also reported by SiliconANGLE
Anthropic reportedly plans to move forward with IPO plans
The AI company is expected to set its valuation range this week, the Wall Street Journal reported.
Also reported by The Verge
AI agent tooling provider LangChain secures $300M investment
LangChain Inc., a startup with a set of popular open-source tools for building artificial intelligence agents, has raised $300 million in funding. The Wall Street Journal reported today that Alphabet Inc.’s CapitalG fund led the round. It was joined by IVP, Sapphire Ventures, GIC and DFJ Growth. LangChain is now worth $3 billion. San Francisco-based […] The post AI agent tooling provider LangChain secures $300M investment appeared first on SiliconANGLE.
Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI
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Anthropic Seeks Record $88.5B Tied To Public Market Debut
Anthropic is seeking to secure up to $88.5 billion in its planned IPO and a concurrent private placement, potentially making it the largest-ever fundraise tied to a public market debut. On Tuesday, the AI giant submitted an updated S-1 filing for its upcoming public offering, unveiling new details including a proposed share price range offering size. The offering could set a fully diluted valuation of up to $1.4 trillion for the San Francisco company. Anthropic’s expected valuation comes in belo
Norwest pushes deeper into AI with new $4B fund
This is the investment firm's largest fund to date.