Anthropic's seven co-founders each plan about $250M cash-out in IPO

·1 views

Each of Anthropic's seven co-founders intends to sell an identical number of shares in the company's upcoming IPO. At the midpoint of the offering's price range, that would yield roughly $250 million in cash per founder. The founders would still retain collective control of the company after the sale. The report centers on the equal split of proceeds and the founders' continued governance stake.

Read the full story at TechCrunch

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Sony to shut down PlayStation Plus PC app on December 10

Sony will discontinue its PlayStation Plus app for PC on December 10. The company plans to notify users directly about the shutdown. The app let PlayStation Plus Premium subscribers stream certain games on their computers. Sony said fewer than 0.4% of eligible Premium members used the PC app, so it is redirecting resources toward other offerings. The source article is truncated, so details on alternative options for subscribers are not included here.

0 comments Read more at The Verge

TechnologyTechCrunch ·

Oura to acquire AI-native primary care startup Counsel Health for $625M

Smart ring maker Oura has agreed to buy Counsel Health, an AI-native primary care startup, in a deal valued at $625 million. The acquisition was announced only a few weeks after Oura indefinitely postponed a planned IPO worth up to $2.2 billion. Oura cited uncertainty in the IPO market as the reason for delaying its public listing. The source article provides limited further detail on the deal's terms or strategic rationale.

0 comments Read more at TechCrunch

TechnologyThe Verge ·

SpaceX unveils Starlink Mini 2 with built-in battery and swappable power options

SpaceX has announced a new version of its all-in-one satellite internet terminal, combining a dish, Wi-Fi router, and now a battery into one laptop-sized device. Some users on X reportedly shared invitations showing the dish priced at $999, which includes a year of Roam Unlimited service that SpaceX values at $2,100. According to the company, the unit runs up to 4.5 hours on a full charge. Runtime can be extended by hot-swapping additional batteries, sold separately, or by connecting the dish to a 60W power source via USB-C.

0 comments Read more at The Verge

TechnologyThe Verge ·

Nvidia CEO Jensen Huang Admits Affair With Suspected Chinese Spy

Nvidia CEO Jensen Huang has acknowledged having an affair with a woman suspected of being a Chinese spy. The relationship reportedly took place while US intelligence was aware of her alleged espionage activities, including reportedly President Donald Trump. Huang leads one of the world's most valuable companies, which supplies the AI chips driving the current technology boom. Experts cited by The Verge say the episode poses risks that extend beyond Huang's marriage, reputation, and Nvidia itself. The full article details the potential national security implications.

0 comments Read more at The Verge