Equity Equity Monday: Everyone loves Anthropic
4 snips
Sep 25, 2023 The market's off to a slow start, with stocks and crypto experiencing a dip. A major highlight is Amazon's $1.25 billion investment in Anthropic, signaling a fierce competition in the LLM arena against Google and Microsoft. Meanwhile, Cisco's acquisition of Splunk is stirring the pot in corporate strategies. Plus, Meta's foray into AI chatbots and Apple's expansion in India are shaping the tech landscape. The discussion wraps up with insights on exciting finalists from a tech competition, showcasing the best in innovation.
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Market Overview
- Current stock markets are mixed in Asia, down in Europe, and predicted to fall in the US.
- Crypto prices have also dipped recently, with Bitcoin and Ether experiencing declines.
Cisco Acquires Splunk
- Cisco's acquisition of Splunk for $28 billion enhances its security offerings.
- The deal integrates an observability platform to help customers understand and resolve security threats and system failures.
Amazon Invests in Anthropic
- Amazon invests $1.25 billion in Anthropic, with potential to reach $4 billion.
- This investment, alongside Google's existing stake, signals a potential "proxy battle" among tech giants in the generative AI field.