AI inference provider Baseten is in talks to raise $1 billion at an $11 billion valuation, according to a person familiar with the matter. The company, valued at $5 billion earlier this year, reported…
Anthropic and OpenAI have both shifted enterprise pricing for their coding agent products to match API token costs, eliminating previous discounts. The changes, implemented by Anthropic in November 20…
Anthropic has surged past OpenAI in annualized recurring revenue, reaching an estimated $45 billion ARR compared to OpenAI’s $33 billion, according to The Information. The AI company’s revenue has qui…
Uber COO Andrew Macdonald said the company cannot directly link its massive AI spending to productivity gains, making the financial trade-offs harder to justify. The ride-hailing giant has exceeded it…
Uber operations chief Andrew Macdonald said the company is struggling to justify spending on AI "tokenmaxxing," as increased token usage has not led to a proportional rise in useful consumer features.…
Databricks released a new feature that simplifies how Power BI customers manage data and build AI agents on its platform, effectively diverting workloads from Microsoft's competing Fabric offering. Th…
Uber Chief Operating Officer Andrew Macdonald said the company is struggling to justify its spending on artificial intelligence, as higher token usage has not translated into a proportional increase i…
According to a recent report, Microsoft has begun canceling most direct licenses for Anthropic's Claude Code tool, just six months after encouraging thousands of employees to use it, due to unexpected…
Microsoft has begun canceling most of its direct Claude Code licenses, moving engineers to GitHub Copilot CLI instead, just six months after encouraging widespread internal use of the tool. Uber simil…
The AI industry is sustaining itself through a circular financial structure in which major cloud providers invest billions in startups like Anthropic and OpenAI, which then commit hundreds of billions…