Search results for Series H
AI & Enterprise
SKT adds investment in Anthropic, joins Series H funding
SK Telecom has made an additional investment in AI model developer Anthropic by participating in its Series H funding round, the company said. SKT previously invested $100 million in August 2023 and initially secured about a 2 percent stake, which has since been diluted to about 0.3 percent after new share issuance. Anthropic is valued at about $965 billion, and SKT’s stake value is estimated at more than 4.4 trillion won.
AI & Enterprise
Apple, Microsoft AI strategies put to the test as AI cost surge debate grows
Apple and Microsoft face a key month as investors and developers watch whether they can shift perceptions of their AI momentum. Apple’s World Wide Developers Conference runs June 8 to 12 and is expected to highlight on-device AI backed by its chip design experience. Microsoft is expected to unveil more in-house models at its June 2 to 3 Build conference as it leans less on OpenAI. Companies are also voicing growing concern over rising AI costs.
Crypto
CZ warns most AI companies will fail as Anthropic and OpenAI valuations soar
Binance founder Changpeng Zhao warned that many of today’s AI companies will eventually disappear, even as the sector continues to grow exponentially. He said survivors could face sharp price swings and that only a few long-term winners may emerge after an early funding rush. His comments come as valuations jump at private AI firms such as Anthropic and OpenAI, while questions persist over profitability and heavy spending.
