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Google plans to invest up to $40 billion into Anthropic in what could be viewed as a circular deal with the AI startup (and frequent competitor), Bloomberg reports. The search giant has invested in Anthropic at multiple points in the past, but this new investment comes after an announcement that the AI startup had signed a joint agreement with Google and Broadcom for "multiple gigawatts of next-generation TPU capacity."
According to Anthropic, Google is committing $10 billion now at the company's current valuation, with an additional $30 billion on offer if Anthropic meets specific performance milestones. Through Anthropic's existing commitment to use Google's TPUs (tensor processing units) and servers, Anthropic says Google will also provide 5 gigawatts of computing capacity in 2027.
If the structure of the deal and business relationship between Google and Anthropic sounds familiar, it might be because the AI startup recently announced something similar with Amazon. Earlier in April, Amazon announced that it would invest $5 billion in Anthropic, with an additional $20 billion in payments available if certain milestones were met. Anthropic also agreed to use Amazon's Trainium chips for its AI models.
The deals are another example of Anthropic's ability to burn through money — the company
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The rocket maker has been a useful financial tool for Mr. Musk, providing the billionaire with loans and aiding his struggling companies, a Times examination found.
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Google signed a billion-dollar cloud deal with Mira Murati's Thinking Machines Lab, giving the AI startup new firepower to train frontier models.
The post Mira Murati's Thinking Machines Lab Lands Billion-Dollar Google Cloud Deal appeared first on eWEEK.
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Four years after it started life as a white paper, the UK government's controversial Online Safety Bill has finally passed through Parliament and is set to become law in the coming weeks.
The bill aims to keep websites and different types of internet-based services free of illegal and harmful material while defending freedom of expression. It applies to search engines; internet services that host user-generated content, such as social media platforms; online forums; some online games; and sites that publish or display pornographic content.
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Perhaps Steve Jobs was right to limit the amount of time he let his children use iPhones and iPads — a tradition Apple maintains with its Screen Time tool, which lets parents set limits on device use. Now, an extensive UNESCO report suggests that letting kids spend too much time on these devices can be bad for them.
Baked in inequality and lack of social skills
That's the headline claim, but there's a lot more to the report in terms of exploring data privacy, misuse of tech, and failed digital transformation experiments.
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