Anthropic warns of ‘existential risks to humanity’ from AI; AstraZeneca makes $2bn cancer drug tie-up – business live
Rolling coverage of the latest economic and financial news The Financial Times have also scrutinised Anthropic’s IPO prospectus, and report that the Claude maker also provided investors with a clearer picture of the challenging economics of building state of the art AI models. The FT says : Anthropic said it plans to spend $518bn on cloud, computing and infrastructure obligations in the coming…
Anthropic, the creator of the AI model Claude, has warned of potential "existential risks to humanity" from artificial intelligence. In their IPO prospectus, the company revealed plans to spend $518 billion on cloud, computing, and infrastructure expenses over the next few years to support its rapid expansion. Investors are confident that Anthropic can achieve a valuation of over $2 trillion, which would be double the level of its last funding round in May and surpass the $1.78 trillion valuation of SpaceX in June. The company's backers attribute their optimism to Anthropic's impressive growth rate.
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