Tag: Amazon

Amazon and The New York Times Seal $20 Million AI Content Licensing Deal

by educatekaroin News, AI, Business, TechLeave a Comment on Amazon and The New York Times Seal $20 Million AI Content Licensing Deal

Amazon has agreed to pay The New York Times between $20 million and $25 million annually under a multiyear agreement that allows Amazon to use content from the Times’s news, cooking, and sports sections, including The Athletic, to train its AI models and enhance Alexa features. This deal, announced in May and recently detailed by The Wall Street Journal, represents about 1% of the Times’s expected 2024 revenue. It marks the Times’s first AI content licensing partnership with a tech giant amid its ongoing copyright litigation against OpenAI and Microsoft over unauthorized AI training

Read more: engadget

Anthropic Eyes $100 Billion Valuation as Claude Chatbot Revenue Soars

by educatekaroin News, AI, Funding, Startup, TechLeave a Comment on Anthropic Eyes $100 Billion Valuation as Claude Chatbot Revenue Soars

AI startup Anthropic is drawing strong investor interest with talks of a possible valuation crossing $100 billion. Though the company isn’t officially fundraising, top VCs are making unsolicited offers, driven by the rapid growth of its Claude chatbot, whose annualized revenue jumped from $3 billion to $4 billion in just a month. Earlier this year, Anthropic raised $3.5 billion at a $61.5 billion valuation, led by Lightspeed Ventures. Founded in 2021 by siblings Daniela and Dario Amodei, the company is backed by tech giants like Amazon, Alphabet, and Salesforce Ventures.

Credit: Bloomberg

New Article: OpenAI Releases GPT-OSS 20B: Expanding the Reach of Open-Weight AI

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