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According to reports, Anthropic's current financing target is as high as $25 billion or even more, with GIC and Coatue each leading with $1.5 billion, and Microsoft and NVIDIA committing a total investment of $15 billion. The remaining funding gap of over $10 billion will be filled by venture capital firms and other investors, including Sequoia Capital. Sequoia Capital's significant investment in this OpenAI competitor marks a strategic shift in its AI track to "full coverage."
The "AI Job Displacement Report" released by Anthropic reveals that AI significantly improves efficiency in complex tasks, especially in jobs that require higher education. The report points out that AI not only replaces some human thinking but also leads to a phenomenon of de-skilling. Data shows that AI accelerates performance in high-difficulty tasks even more dramatically, with work speed increasing by up to 12 times. Human-machine collaboration will be key in the future workplace, and those who know how to work with AI will be more competitive
A coalition of women's groups and activists is urging Apple and Google to remove the social media platform X and its chatbot Grok from their app stores. They accuse the apps of generating illegal content that violates the companies' terms of service, particularly concerning sexually explicit and degrading images of women and children. The call for action follows scrutiny over Grok's content, leading to bans in Malaysia and Indonesia, and investigations in Europe and the UK. The American Federation of Teachers has also quit X over concerns about indecent images of children.
JPMorgan Chase CEO Jamie Dimon warned that the Trump administration's attack on the Federal Reserve's independence will backfire, leading to rising inflation expectations and interest rates. As global central bank governors voiced support for Powell, Dimon emphasized that political interference will undermine economic stability. Executives also warned that Trump's proposed cap on credit card interest rates would restrict the supply of credit
The Dow Jones Index fell -422 points or 0.85 percent on Tuesday to close at 49168 points.Leading the losses are Salesforce (-7.15%), Visa (-4.41%) and JPMorgan (-3.99%).Top gainers were Walmart (2.03%), J&J (1.94%) and Boeing (1.91%).
