Tesla's self-driving technology, Autopilot, caused a wrongful death lawsuit and settlement, raising concerns about its limitations. Despite inflation and reduced investor confidence, government support for chip production continues, with a focus on supporting the surrounding ecosystem.
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.
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.
Monzo, a UK digital bank, has secured $430 million in funding from Google's CapitalG for US expansion efforts, product development, and financial hub expansion. This investment follows a regulatory setback with their initial US launch and aims to accelerate their growth in the UK market where they have established a strong presence. Monzo aspires to provide a comprehensive suite of financial services, including investment and budgeting tools, as a central destination for its customers' banking needs.
