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Does Anthropic's Success Prove Businesses are Ready to Adopt AI?

3 months 2 weeks ago
AI company Anthropic (founded in 2021 by a team that left OpenAI) is now making about $3 billion a year in revenue, reports Reuters (citing "two sources familiar with the matter.") The sources said December's projections had been for just $1 billion a year, but it climbed to $2 billion by the end of March (and now to $3 billion) — a spectacular growth rate that one VC says "has never happened." A key driver is code generation. The San Francisco-based startup, backed by Google parent Alphabet and Amazon, is famous for AI that excels at computer programming. Products in the so-called codegen space have experienced major growth and adoption in recent months, often drawing on Anthropic's models. Anthropic sells AI models as a service to other companies, according to the article, and Reuters calls Anthropic's success "an early validation of generative AI use in the business world" — and a long-awaited indicator that it's growing. (Their rival OpenAI earns more than half its revenue from ChatGPT subscriptions and "is shaping up to be a consumer-oriented company," according to their article, with "a number of enterprises" limiting their rollout of ChatGPT to "experimentation.") Then again, in February OpenAI's chief operating officer said they had 2 million paying enterprise users, roughly doubling from September, according to CNBC. The latest figures from Reuters... Anthropic's valuation: $61.4 billion.OpenAI's valuation: $300 billion.

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EditorDavid

America's Next NASA Administrator Will Not Be Former SpaceX Astronaut Jared Isaacman

3 months 2 weeks ago
In December it looked like NASA's next administrator would be the billionaire businessman/space enthusiast who twice flew to orbit with SpaceX. But Saturday the nomination was withdrawn "after a thorough review of prior associations," according to an announcement made on social media. The Guardian reports: His removal from consideration caught many in the space industry by surprise. Trump and the White House did not explain what led to the decision... In [Isaacman's] confirmation hearing in April, he sought to balance Nasa's existing moon-aligned space exploration strategy with pressure to shift the agency's focus on Mars, saying the US can plan for travel to both destinations. As a potential leader of Nasa's 18,000 employees, Isaacman faced a daunting task of implementing that decision to prioritize Mars, given that Nasa has spent years and billions of dollars trying to return its astronauts to the moon... Some scientists saw the nominee change as further destabilizing to Nasa as it faces dramatic budget cuts without a confirmed leader in place to navigate political turbulence between Congress, the White House and the space agency's workforce. "It was unclear whom the administration might tap to replace Isaacman," the article adds, though "One name being floated is the retired US air force Lt Gen Steven Kwast, an early advocate for the creation of the US Space Force..." Ars Technica notes that Kwast, a former Lieutenant General in the U.S. Air Force, has a background that "seems to be far less oriented toward NASA's civil space mission and far more focused on seeing space as a battlefield — decidedly not an arena for cooperation and peaceful exploration."

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EditorDavid