Amazon has invested $2.75 billion more in Anthropic, an AI startup seen as a competitor to OpenAI's ChatGPT. This is part of a broader spending spree by cloud providers to gain an edge in the AI race, with Amazon providing cloud services and chips to Anthropic in return. The investment will help Anthropic develop more advanced generative AI models, but raises concerns about potential risks and regulatory scrutiny given the circular nature of such partnerships.
Bitcoin has surged, with Ether and Solana also rising. However, volatility remains. The trial against Terraform Labs founder Do Kwon is underway, and Binance escaped custody in Nigeria over tax charges. FTX sold its stake in AI startup Anthropic. A Fidelity expert expressed optimism about Bitcoin's future, citing positive impacts from ETFs and the upcoming halving. Institutional adoption is increasing, with companies recognizing the value of Bitcoin as a hedge against inflation.
An AI startup called Anthropic is selling an $1 billion stake. Investors, especially wealthy nations, are eager to buy in, but Anthropic has rejected Saudi Arabian money due to national security concerns. The startup's technology has potential dual-use applications, which has raised alarms about the potential misuse of the technology by hostile nations.
