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Anthropic, the company behind the Claude AI assistant, may be on the verge of a staggering new funding round. Sources tell TechCrunch the company has received pre-emptive offers valuing it somewhere between eight hundred fifty billion and nine hundred billion dollars. That would make it one of the most valuable private companies in history, a sign of just how much capital is chasing AI right now.
Meanwhile, over at Amazon, the cloud business keeps climbing. AWS delivered stronger than expected earnings this quarter, but the company is spending heavily to keep pace with demand, and chief executive Andy Jassy made clear that capital expenditures will remain elevated for the foreseeable future. The bet is that the infrastructure buildout today pays off in market position tomorrow.
And in a courtroom in San Francisco, Elon Musk spent a second day on the witness stand in his lawsuit against OpenAI. Musk is trying to legally unwind the organization he once helped found, but his own past tweets keep surfacing as evidence, complicating his narrative and offering the court a detailed record of his evolving relationship with the company.
That's where the industry stands today. Keep surfing. Tech Beat out.
