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Shirin Ghaffary
@shiringhaffary
Reporter at @business covering AI. Send me your AI questions, hopes, fears: sghaffary@bloomberg.net DM me off-the-record on Signal. username: shirin.30
9.3K Following    15.7K Followers
NEW: Anthropic expects to match or exceed the size of SpaceX's IPO, per sources, which would make it one of the largest-ever IPOs. Discussions ongoing and could change. w/ @BTLipschultz
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NEW: Anthropic hit $65 bil+ in annualized (run rate) revenue in July, up from $47 bil in May. Comes ahead of an IPO expected as soon as this fall. w/ @nmasc_ @RebeccaTorrenc5
Amodei: “I do agree that the public has a negative view of AI (and that this is a big problem), but I don’t think it is primarily caused by me or any other AI leader warning about AI’s risks.  I think it is fundamentally a crisis of trust.”
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2/2 Second, on the messaging around AI.  I do not agree that my messaging has been disproportionately negative.  In fact it has been about equally balanced between risks and benefits: I’ve written one major essay about each, and even in interviews where I discuss the risks, I make sure to frequently mention the incredible benefits as well as proposing possible solutions to the risks (short clips from my interviews that end up on social media tend to be disproportionately negative, as that gets clicks).  In fact, I wrote Machines of Loving Grace because I didn’t feel the AI industry was painting an inspiring enough picture of how the technology could radically transform the world for the better.  The bulk of the essay is devoted to refuting skepticism of AI’s potential in health and biology, and showing why I think it will actually be possible to cure most human disease in ~5-10 years, as crazy as it may sound to ordinary people and frankly to biologists as well (I used to be one!).  And, if you read my most recent essay (Policy on the AI Exponential), I discuss concrete proposals for how to streamline the FDA process to make sure the deluge of AI-accelerated drugs isn’t slowed down by the regulatory process.  I feel the urgency here: I lost my father to Hepatitis C only a few years before the development of direct-acting antivirals (sofosbuvir), which cure 95% of patients and probably would have cured him. I do agree that the public has a negative view of AI (and that this is a big problem), but I don’t think it is primarily caused by me or any other AI leader warning about AI’s risks.  I think it is fundamentally a crisis of trust.  I think that ordinary people don’t trust companies, governments, or the tech industry and always suspect that we are cooking up some new way to screw them over.  The causes of this go back decades and AI is just the latest iteration of it.  I don’t think that a glitzy marketing campaign with a positive spin (which some have advocated that Anthropic do) is the way to win back that trust — at this point, saying that AI will cure cancer is more a cliche than it is inspiring, and most people think it is deceptive.  The thing that will work is *actually curing cancer*.  I think by far the most accurate criticism of AI companies including Anthropic is that we haven’t yet delivered on our big promises to benefit the world.  That is totally on us, and I think it’s the criticism you should be making, instead of all this stuff about messaging and marketing. We are however doing our best to fix this: Anthropic is ramping up its efforts very quickly in biology and medicine, and we hope to have incredible results in the coming years and some early glimmers in the coming months.  When we’ve actually accomplished something real, the whole world will hear about it, as loudly as possible, you have my word on that.  But until then I don’t want to make empty promises, and in the meantime I feel compelled to speak honestly about the very real risks of AI and how to address them.  Honesty is the right thing on the merits, and in terms of public credibility and trust it is no worse than, and may in fact be better than, an approach that ignores or distracts from risks which people instinctively understand are real.
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NEW: OpenAI chief revenue officer Denise Dresser is leaving after less than a year to pursue other opportunities. OpenAI's new CRO will be Dali Rajic, President of Alphabet-owned cyber firm Wiz. Latest exec change at the company
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NEW: Anthropic is in talks to acquire world-model and inference optimization Israel-based AI startup Decart for $6 billion, per sources w/ @Lynnmdoan @nmasc_ @rngould
"I love surprising the world." We sat down with @RobertIger this morning to discuss his bid with Josh Kushner to buy the Los Angeles Lakers. The news came two months after the duo, who run Thrive Eternal, explored a now-abandoned bid for the Las Vegas expansion team.
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Sources: Anthropic agreed to a 20-year, $9.1B compute deal with Riot Platforms for 191 MW of capacity at a Rockdale, TX campus; RIOT jumps ~25% after hours (@shiringhaffary / Bloomberg) (Visit Techmeme dot com for the link and full context!)
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Anthropic has struck a $9.1 billion deal with Riot, a Bitcoin mining company that also recently began selling AI data center capacity, according to sources, underscoring the Claude maker's efforts to secure enough computing to meet demand
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Another afternoon scoop:
Anthropic has struck a $9.1 billion deal with Riot, a Bitcoin mining company that also recently began selling AI data center capacity, according to sources, underscoring the Claude maker's efforts to secure enough computing to meet demand
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Scoop w @shiringhaffary: OpenAI has completed a $7 billion employee tender. OAI self-funded the deal, buying back shares from current and former staffers rather than tapping outside investors, sources tell us.👇
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NEW: OpenAI has bought back $7 bil worth of shares in a secondary employee tender w/ @RebeccaTorrenc5
NEW: OpenAI’s device - a human-like smart speaker - will look like a doughnut and be the size of a hockey puck. It meant to be held. It has a camera, speakers, microphones, lights and, most notably, moving parts to show interactivity. It’ll be $300-400.
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OpenAI staffers said today at Black Hat that models found a new way to covertly message each other after the company once shut down attempts to escape the sandbox
More on today's big news about DeepMind leadership changes and what that means for balance of power between Google Mountain View and London AI offices: w/ @byJuliaLove @daveyalba @mhbergen
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Must-read from @nmasc_ and @RebeccaTorrenc5 on the evolution of Sequoia, one of SV's most prominent firms thru leadership changes and the AI boom
We got the inside scoop on Sequoia's @Alfred_Lin & @gradypb era for Bloomberg Businessweek. Bigger checks. Evolving fund structures. New pools of capital. And an intense focus on speed and rigor across the partnership as the next wave of tech becomes decidedly more physical. Latest w/ @RebeccaTorrenc5 & @EdLudlow
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Major news this AM: Google is overhauling its AI leadership. -Former DeepMind CEO Demis Hassabis is moving to chair role -Longtime leadership legend Jeff Dean is leaving to do his own startup -Koray Kavukcuoglu is stepping up to lead DeepMind side
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NEW on @theterminal with @parmarhema: Ahead of the Citadel deal, Situational Awareness explored selling parts of its private portfolio to firms including Greenoaks and Sequoia Capital in its rush to raise cash
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NEW: OpenAI, Anthropic, Google DeepMind staff are circulating a letter asking the US government to support a mechanism that could help “deliberately pace” AI development if needed, bc of risks of the technology becoming out of control w/ @rachelmetz
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