
Should Anthropic trust Elon Musk to host its models? With about $40 billion in revenue at stake, Musk insists that the company can.
Elon Musk publicly praised an AI company and promised not to remove its access to computing infrastructure that his company provides. This matters because the AI company relies on Musk's infrastructure through a multi-billion dollar deal, creating potential concerns about whether Musk could use that control as leverage against a competitor. Musk cited his company's past practices of not suing over patents and opening technology to competitors as evidence he would not use unfair tactics, though contractual protections and the financial benefits of maintaining the partnership also provide safeguards against such action.

The company is using the cash to open an office in the Bay Area and compete for talent there, "strengthening its position at the heart of the world's leading AI ecosystem."

Nilekani remains Fundamentum's anchor investor as the firm expands its leadership team and targets AI and fintech startups in India.

Three big AI IPOs are set to generate more value than all the U.S. VC backed exits since 2000.
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