Anthropic raises $100M from Korea's SK Telecom
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Top stories today:
- Anthropic raises $100M from Korea's SK Telecom
- Zuckerberg says “Elon isn't serious and it's time to move on”
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Anthropic raises $100M from Korea's SK Telecom
Anthropic now has raised $1.55B since its inception.
#2 in generative AI.
Still much behind OpenAI's $11B+ in funding from Microsoft.
SK Telecom was already an investor in Anthropic, having first invested in May. - Reuters
Relatedly, some analysts are pondering whether generative AI is overhyped
Read more: Gary Marcus.
Our view: LLMs will have their use cases expanded once they are integrated into office apps
AIs will soon be integrated into most work apps, such as Word, Excel, PowerPoint, and CRMs, and will increasingly augment human productivity. Imagine you asking the AI to do a full slide deck for you, and it does it beautifully in a few seconds.
Microsoft and Google are leading the way with Copilot 365 and Duet AI, although both are not that capable (yet) and in closed beta.
2. Zuckerberg says “Elon isn't serious and it's time to move on,” after Elon invites him to a practice round
Elon had messaged Zuckerberg in private suggesting a practice fight
Our view: Elon is stalling as he gains an advantage the longer he has time to train
Elon benefits from any delays, as it gives him more time to prepare.
2022: when Zuckerberg started training MMA and Brazilian Jiu-Jitsu.
Elon says he weighs 300 lbs, which would be almost 2x Zuckerberg's reported 155 lbs. This weight differential means Elon would have a large advantage, given the same fighting skills. - Twitter
3. Sidebar is a private community for exceptional leaders with bold goals*
Once accepted, Sidebar gives you a Personal Board of Directors, matching you with a small group of brilliant peers.
Users can message their group 24/7 and attend fast-paced meetings to solve their biggest challenges at work, faster.
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4. Streaming subscriptions’ prices have risen significantly over past year
5. Action, adventure, Marvel movies dominate box office over past decades
6. Job postings related to generative AI are almost +300% YTD
7. Investors are not reacting positively to earnings beats in Q2
8. U.S. imports from China continue to fall as imports from Europe and Mexico rise
9. Rate futures price in rate cuts happening ~3 months faster than Fed forecast
10. Most people with $1M-$5M consider themselves comfortable, not rich
11. Interesting tweets, memes, and videos
12. Other headlines
Hunter Biden's lawyers say U.S. prosecutors “reneged” on plea deal.
Georgia DA to allege Trump's lawyers behind voting system breach.
Trump fundraising surges near indictment days: chart.
Vivek at 8% in online polls, 3% in phone polls.
RFK Jr. supports federal ban on abortion after 3 months or viability.
Maui fire deaths reach 93+.
San Francisco: a look at whether it can save itself from doom.
LA: mob of 50 steals $100K on merchandise from Nordstrom.
Argentina: libertarian Milei wins primary race for president.
Singapore deputy PM warns of “unpredictable” risks regarding U.S.-China.
“Prigozhin will either be dead or there will be a 2nd coup:” analyst.
Odesa continues to be hit, as Ukraine says it repelled all attacks.
Niger: deposed leader to be prosecuted for “high treason.”
Finnish border “pretty empty” of Russian troops: foreign minister.
Korea, Japan: Biden to announce deeper partnership on Friday.
Russia fires warnings shots to force cargo ship to stop.
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