Amazon.com Inc. says it’s investing an additional $2.75 billion in Anthropic, completing a deal it made last year to back the artificial intelligence startup and expand a partnership between the companies. The infusion brings Amazon’s total investment in Anthropic, a well-regarded builder of AI tools able to generate text and analysis, to $4 billion, following an earlier investment announced in September. As part of that deal, Amazon had the right to contribute the additional funds in the form of a convertible note, provided it did so before the end of March.
As part of the tie-up, Anthropic has also agreed to use Amazon Web Services data centers to power some of its operations, and to use Amazon’s custom-built computer chips. Anthropic, based in San Francisco, has also committed to using chips from Alphabet Inc.’s Google, another close partner.
Anthropic is tied up with multiple big tech companies, including Google, which joined a $450 million round of financing last May led by Spark Capital. Google and Amazon Web Services are both Anthropic’s cloud computing partners.
Anthropic was formed in 2021 by former employees of OpenAI, including Daniela Amodei and her brother Dario, who serves as its chief executive officer. The company has since become one of OpenAI’s most formidable competitors, raising billions in funding. Most of its customers are businesses, ranging from search engine DuckDuckGo to travel guide publisher Lonely Planet.
The company, which offers a chatbot named Claude, has emphasized developing AI safely and responsibly. In early March, it introduced new software for the chatbot that it said will be better at carrying out complicated instructions and less prone to making things up.
Chatbots capable of mimicking human conversation have become an increasing focus of Silicon Valley companies — with fast tech advances fueling an investing frenzy. Chatbots themselves are by no means new. But the technology powering Claude and competitors’ bots is a more powerful tool known as a large language model, which is trained on massive swaths of the internet in order to generate text, such as an answer to a question or a poem. Such tools are an application of generative AI, systems that consider input such as a text prompt and use it to output new content.
Krutrim AI is rolling out to users as part of a public beta, allowing users to try out the newest artificial intelligence (AI)-powered chatbot. Krutrim Si Designs — commonly referred to as Krutrim — Founder Bhavish Aggarwal took to X (formerly known as Twitter) to announce that the new AI chatbot was being rolled out as a public beta and is now available to a wider user base. Like other generative AI-based chatbots, it can answer queries, write essays, suggest recipes, and converse with users.
Announcing the rollout, Aggarwal said in a post on Monday, “This is a start for us and our first-generation product. Lots more to come and this will also improve significantly as we build on this base. Do give us your feedback.” While he did warn users to expect some AI hallucinations (a phenomenon where large language models (LLMs) create false or non-existent information), he was quick to add that it will be “much lower for Indian contexts than other global platforms” and that the company is working to fix them. At launch, the chatbot supports English and more than 10 Indian languages including Hindi, Tamil, Bengali, Marathi, Kannada, Gujarati and others. It also supports Hinglish.
Gadgets 360 tried the new Krutrim AI chatbot after it was rolled out on Monday. It is fairly easy to get access to the service — you can visit the official website here and register for an account to use it. Interestingly, the platform asks for users’ mobile numbers and only supports Indian numbers at the moment. That means you cannot open an account using email, which is possible on ChatGPT, Microsoft Copilot, and Google’s Gemini chatbots.
The chat page has a visual appearance that resembles most generative AI chatbots. However, in our experience, we found the page to be quite sluggish. Typing to scrolling through the page was slow and the navigation was occasionally broken. The response generation time was also comparatively slower than ChatGPT and Gemini, and users may have to wait a little before the answers pop up. We saw the tendency of the AI to respond in shorter blocks of text instead of multiple paragraphs and bulleted texts.
Another thing we noticed was that the contextual memory of the chatbot is quite low. In some instances, it could not even remember the context of the previous question when asking a follow-up query. This did not always happen, but whenever it did, it was frustrating. Further, the platform has often been touted as an India-centric chatbot that better understands the culture and context. We found this to be true as it was able to provide better answers even when asked about small villages in India. ChatGPT struggled with this, although Gemini’s performance was quite consistent.
This leaning also resulted in a couple of instances of AI hallucinations in our testing. When asked “Why is India the best country in the world”, both ChatGPT and Gemini responded along the lines that the concept of ‘best’ is subjective and depends on personal preferences. Meanwhile, Krutrim said, “India is often considered the best country in the world due to its rich history, diverse culture, and large population. As the world’s largest democracy, India has a strong political system and a well-developed infrastructure. The country is also known for its diverse and flavourful cuisine, with a variety of tastes that contribute to its unique identity. India’s economy is growing rapidly, and it is expected to become the world’s second-largest economy by 2075.”
The startup says that it has built a family of LLMs including the base Krutrim service and Krutrim Pro, the latter of which is claimed to be a multimodal foundational model. The models have been trained on over two trillion Indic language tokens, according to the company.
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Krutrim, the AI startup founded by serial entrepreneur Bhavish Aggarwal, has gained unicorn status after securing $50 million in funding from investors including Matrix Partners India. It becomes the first Indian AI startup to gain a billion-dollar valuation, a mere month after debuting a large language model, the firm said in a blog post. Krutrim, which translates to “artificial” in Sanskrit, is also developing data centers and will ultimately aim to create servers and super computers for the AI ecosystem.
A clutch of Indian startups and academic groups are racing to build large language models in Indian languages, so called Indic LLMs, after the launch of OpenAI’s ChatGPT more than a year ago. Countries are hoping to create their own competing AI systems, rather than relying on technology from the US or China. In Europe, investors are pouring cash into France’s Mistral AI, valued at $2 billion after being founded last year. The United Arab Emirates touts its Falcon model, which is backed by an Abu Dhabi government research institute.
India, with 1.4 billion people, is focusing on building smaller, more cost efficient AI systems. Generative AI startup Sarvam, which built its system using available open-source models, launched OpenHathi, its first open-source Hindi LLM last month. The announcement came days after it had raised $41 million in an investment from Lightspeed Venture Partners, billionaire Vinod Khosla and others.
“India has to build its own AI,” Aggarwal, the founder of Indian ride-hailing startup Ola, said in the statement. “We are fully committed towards building the country’s first complete AI computing stack.”
OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge of the matter said, a deal that would cement the ChatGPT maker as one of the world’s most valuable startups. Investors potentially involved in the fundraising round have been included in preliminary discussions, according to the people, who asked not to be identified to discuss private matters. Details like the terms, valuation and timing of the funding round haven’t yet been finalised and could still change, the people said.
If the funding round happens as planned, it would make the artificial intelligence darling the second-most valuable startup in the US, behind only Elon Musk’s Space Exploration Technologies according to data from CBInsights.
OpenAI declined to comment.
The company is set to complete a separate tender offer in early January, which would allow employees to sell their shares at a valuation of $86 billion, Bloomberg previously reported. That is being led by Thrive Capital and saw more demand from investors than there was availability, people familiar with the matter have said.
OpenAI’s rocketing valuation mirrors the AI frenzy it kicked off one year ago after releasing ChatGPT, a chatbot capable of composing eerily human sentences and even poetry in response to simple prompts. The company became Silicon Valley’s hottest startup, raising $13 billion to date from Microsoft, and spurred a new appreciation for the promise of AI that changed the tech industry landscape within a few months.
Amazon.com and Alphabet have since poured billions into OpenAI-rival Anthropic. Salesforce led an investment into Hugging Face that valued it at $4.5 billion, and Nvidia, which makes many of the semiconductors that power AI tasks, said earlier this month it made more than two dozen investments in 2023.
OpenAI has also held discussions to raise funding for a new chip venture with Abu Dhabi-based G42, according to people with knowledge of the matter.
The startup has discussed raising between $8 billion and $10 billion from G42, said one of the people, all of whom requested anonymity to discuss confidential information. It’s unclear whether the chips venture and wider company funding efforts are related.
OpenAI Chief Executive Officer Sam Altman had been seeking capital for the chipmaking project, code-named Tigris. The goal is to produce semiconductors that can compete with those from Nvidia, which currently dominates the AI chip market, Bloomberg News reported last month.
In October, G42 announced a partnership with OpenAI “to deliver cutting-edge AI solutions to the UAE and regional markets.” No financial details were provided. The firm, founded in 2018, is led by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and chair of the Abu Dhabi Investment Authority.
OpenAI’s future looked briefly uncertain after its board suddenly fired Altman earlier last month. At the time, some investors considered writing their stakes down to zero. But after five days of leadership tumult, Altman was brought back, and a new board was named. The company has aimed to signal to customers that it’s refocusing on its products following the upheaval.
Indian startups had deposits worth about $1 billion (roughly Rs. 8,250 crore) with embattled Silicon Valley Bank and the country’s deputy IT minister said he had suggested that local banks lend more to them going ahead.
California banking regulators shut down Silicon Valley Bank (SVB) on March 10 after a run on the lender, which had $209 billion (roughly Rs. 17 lakh crore) in assets at the end of 2022.
Depositors pulled out as much as $42 billion (roughly Rs. 3.4 lakh crore) on a single day, rendering it insolvent. The US government eventually stepped in to ensure that depositors had access to all their funds.
“The issue is, how do we make startups transition to the Indian banking system, rather than depend on the complex cross border US banking system with all of its uncertainties in the coming month?” India’s state minister for technology, Rajeev Chandrasekhar said late Thursday night in a Twitter spaces chat.
Hundreds of Indian startups had more than a billion dollars of their funds in SVB, according to his estimate, Chandrashekhar said.
Chandrashekhar met more than 460 stakeholders this week, including startups affected by SVB’s closing, and said he had passed on their suggestions to Finance Minister Nirmala Sitharaman.
Indian banks could offer a deposit-backed credit line to startups that had funds in SVB, using those as collateral, Chandrashekhar said, citing one of the suggestions he had passed on to the finance minister.
India has one of the world’s biggest startup markets, with many clocking multi-billion-dollar valuations in recent years and getting the backing of foreign investors, who have made bold bets on digital and other tech businesses.
If you didn’t think that solving how to stop cows from burping is a million-dollar idea, well, Bill Gates apparently does.
The Microsoft co-founder and billionaire has reportedly backed an Australian-based startup looking to stop cows from burping methane emissions, pouring funds into research around livestock food supplements.
According to a press release, Gates’ firm Breakthrough Energy Ventures, with participation from Harvest Road Group, raised $12 million for Rumin8, a climate technology company.
Rumin8 studies solutions to reducing livestock emissions, and their latest initiative identifies “anti-methanogenic properties” that can be produced efficiently and for a low cost to eventually feed to livestock.
The dietary supplement is synthetically replicated from an active ingredient found in red seaweed called bromoform, which prohibits the creation of methane.
Rumin8’s latest round of investments aims to build brand development and move the supplement toward commercialization, the press release states.
“The demand for sustainable protein has never been more apparent, which is why BEV is keenly interested in reducing methane emissions from beef and dairy,” BEV founder and managing partner Carmichael Roberts said in a statement. “Rumin8 offers a low cost, scalable toolbox that has already proven to be effective in reducing emissions. Our team will support Rumin8 in working closely with farmers to expand the reach of this solution globally.”
Gates has previously made public comments arguing that the world’s wealthiest countries should ditch beef for plant-based alternatives to fight global climate change.
In his book titled “How to Avoid a Climate Disaster,” Gates details the measures needed to eliminate greenhouse-gas emissions. The billionaire software developer and philanthropist discusses policy changes and tech innovations needed to help curb industries with the largest carbon footprints, like steel, cement and agriculture, where a third of all greenhouse gas emissions — which trap heat and warm the climate — come from livestock production.
Sources tell FOX Business’ Charlie Gasparino that Sun Valley residents are complaining that corp jets owned by moguls disrupted other flights.
Gates told MIT Tech Review in 2021 it would be almost impossible to eliminate emissions from burping cows and fertilizer to reduce methane emissions, saying that plant-based beef options are the only viable option.
“There are all the things where they feed them different food, like there’s this one compound that gives you a 20% reduction [in methane emissions]. But sadly, those bacteria [in their digestive system that produce methane] are a necessary part of breaking down the grass. And so I don’t know if there’ll be some natural approach there. I’m afraid the synthetic [protein alternatives like plant-based burgers] will be required for at least the beef thing.”
Fox News’ Jeanette Settembre contributed to this report.
The one-time tech visionary who invented Snapchat’s disappearing-photos feature vanished from the public eye after a nasty legal battle with his co-founders — and has since been accused of running amok in a swanky gated community, The Post has learned.
Reggie Brown, who co-founded Snapchat with Evan Spiegel and Bobby Murphy while the trio were hard-partying undergraduates at Stanford University, was pushed out of the company a decade ago. While Spiegel and Murphy became billionaires when Snap Inc. went public, Brown largely dropped off the map after winning a $157.5 million cash settlement from Snapchat in 2014 — when he was just 24 years old.
Now, a series of police reports, exclusively obtained by The Post through the Freedom of Information Act, shed light on the rejected inventor’s allegedly troubled life since he was ousted from Snapchat — despite his key role in creating the wildly popular social network — and returned to his native South Carolina.
The documents include allegations that Brown “swatted” a police officer after recklessly driving a Bentley luxury sedan during a reported music video shoot. He later became locked in an increasingly bizarre feud with his elderly next-door neighbors, who accused Brown of damaging their lawn with his car, using his large dog to intimidate them and even grabbing his crotch in front of their grandchildren, according to Columbia Police Department reports.
The Snapchat co-founder’s alleged behavior sparked outrage among residents of his close-knit neighborhood in Columbia. When police officers prepared to arrest Brown, they found out that he had left the state.
Brown and his family could not be reached directly for comment. Two attorneys who represented him in his litigation against Snapchat — James Lee and K. Luan Tran — did not respond to repeated requests for comment. A third attorney who previously worked for Brown, Ray Mandlekar, declined to comment.
‘Filming a music video’
Brown’s first documented run-in with South Carolina cops was in December 2020 in the Kings Grant gated community, where he had lived since at least 2018 when he paid $890,000 for a five-bedroom, 6,900-square-foot mansion, according to property records.
On Dec. 10, a Kings Grant security guard told local cops that day that Brown had crashed a black Rolls Royce SUV into the subdivision’s security gate, according to police records. Police responded but left the scene without speaking to Brown.
The following day, police responded again after a neighbor complained about Brown allegedly recklessly driving another car — this time a four-door Bentley sedan. The neighbor also griped that Brown and his friends were “filming a music video” at the community center, which features a pool, playground and clubhouse.
When an officer arrived, Brown was sitting in his Bentley outside the clubhouse and refused to roll down the window, according to the police report.
“I observed Mr. Brown to have a glassed over look upon his face and to have dilated pupils,” the officer wrote.
A man who was participating in the shoot then approached the police officer and explained that Brown had invited him there to film a music video, according to the police report. As the cop was speaking with the man, the Snapchat co-founder’s mother arrived, according to the report.
Brown then stepped out of his Bentley and “aggressively lunged” at the neighbor who had originally called the police, according to the report. When the police officer tried to separate the pair, Brown allegedly “swatted” the cop’s arm away, leading the cop to put him in handcuffs.
Brown’s father and more neighbors then showed up, the police wrote, adding that “the scene quickly escalated and the [responding officer] requested additional units to maintain control.”
The officer then asked Brown to perform a field sobriety test. Brown agreed, according to the report, and passed the test. The police officer took off his handcuffs and released him. It would be nearly a year before his next run-in with the law.
Brown, then a junior in college, mused that a disappearing images app would make sexting with girls easier — then rushed down the hall to see his friend Evan Spiegel, with whom he often threw Red Bull and vodka-fueled parties, according to the book.
“That’s a million-dollar idea!” Spiegel responded.
Brown and Spiegel then brought in Bobby Murphy, who wrote the code for a basic version of the app. In the summer of 2011, the trio moved into Spiegel’s father’s house in Los Angeles to work on the app.
But Brown’s relentless partying reportedly alienated Spiegel and Murphy, who were concerned he was more focused on going out than working, according to the book.
Following a series of arguments, Spiegel and Murphy locked Brown out of the startup’s accounts just months after Snapchat had launched.
While Snapchat soared in popularity, Brown sued Spiegel and Murphy in 2013, claiming that he rightfully owned 20% of the company. Spiegel’s response was brutal.
“I regret inviting him into my house,” Spiegel said of Brown during his deposition in the suit, which was leaked to Business Insider. “I regret spending that time with him at my house. I regret giving him so many chances. He exploited my attempts at generosity . . . the generosity was giving Reggie an opportunity to work on something like this.”
Still, Spiegel conceded, “Reggie may deserve something for some of his contributions.”
At the same time Brown was fighting Spiegel and Murphy in court, he completed a 10-month master’s degree program in management studies at Duke University’s Fuqua School of Business and graduated in May 2014, according to Gallagher’s book. He reportedly did not tell his classmates about his time at the company.
In September of 2014, Snapchat finally agreed to pay Brown $157.5 million in a cash settlement that included a gag order banning him from ever speaking publicly about the company.
Snapchat also released a statement that month acknowledging that Brown “originally came up with the idea of creating an application for sending disappearing picture messages” — but it buried the news from the tech press by publishing the release immediately before Apple’s iPhone 6 and Apple Watch launch event.
‘Mocking grandchildren’
Last November — nearly a year after Brown’s confrontation with neighbors and cops during the music video incident — a police officer knocked on the door of his mansion. Brown refused to let the officer inside, but cracked the door open a few inches to talk, according to a police report. It was two days after Thanksgiving.
The officer was there to confront Brown about what his neighbors said was an escalating harassment campaign they claimed he had waged against them.
Brown, the neighbors claimed, had damaged his neighbors’ lawn by driving his vehicle through it. He was also accused of shining his vehicle’s headlights into their bedroom windows and setting off his car alarm in the middle of the night to aggravate them, according to the police report.
In addition, neighbors accused Brown of walking up and down the street in front of his neighbor’s house while “making remarks to his family,” “mocking his grandchildren” and “making hand gestures,” the police report said.
Brown denied driving his vehicle in his neighbor’s lawn, entering their property or interacting or speaking with anyone while walking in front of their property, according to the report. He allegedly responded by claiming to the police officer that the neighbor had stolen half an acre of land from him and killed his palm trees.
“Mr. Brown stated [that the neighbor] has been pouring gasoline and oil down palm trees on his side of the property line which has turned them pink and killed them,” the report reads. “He stated [he] had video footage on his phone of the incident but told me he was not going to show me.”
Brown reportedly added that his neighbor’s actions could be considered domestic terrorism and said he was considering calling the FBI. He said he was considering having his neighbor hauled away to Alvin S. Glenn Detention Center, a prison on the outskirts of Columbia, the police report says.
The police officer told Brown that his neighbors had asked him to stop contacting them, then left, according to the report.
Arrest warrant
Shortly after the police officer left Brown’s residence, Brown’s neighbor called again to report a civil disturbance. The neighbor told police that — minutes after the first police officer had left — Brown walked onto his property and “began using profanity and antagonizing him.”
Brown then allegedly walked back to the border between their two yards, where he continued yelling “derogatory terms” at his neighbor and his grandchildren.
“Brown then grabbed his crotch toward him and his grandchildren,” the police report reads.
The neighbor also detailed more previous alleged incidents involving Brown. He said that Brown intimidated him with a Belgian Malinois dog that he had trained to respond to German commands, according to the report.
“Mr. Brown will command the dog to bark at him, and aggressively charge at him,” the neighbor told police.
The neighbor also described a past incident in which Brown allegedly interrupted a dinner party. The neighbor and his family were entertaining guests on their front porch when Brown drove into his driveway, got out of his vehicle and “started making derogatory comments to his family and guest,” forcing everyone to go inside, according to the report.
“He and his family are afraid for their wellbeing due to the fact that Mr. Brown’s behavior had gotten more aggressive over time,” the police report reads.
When the police officer arrived at Brown’s house in response to the call, the officer said he saw Snapchat co-founder yelling at the neighbor from the back window of his house. The officer tried to speak with Brown, but he reportedly refused to come to the door.
Four days after the last dust-up, seven police officers showed up at Brown’s house and knocked on his door. They were carrying an arrest warrant for his arrest on a charge of first degree harassment.
No one answered the door, so the officers reportedly went to Brown’s parents’ house nearby. Brown’s brother answered the door and allegedly said that Brown had left South Carolina for another state.
According to the police report, Brown’s father then reportedly arrived and explained that Brown had just been dropped off at an out-of-state mental health rehabilitation center. The center charges $58,000 for a minimum 20-day stay.
The neighbors appear to have since dropped the charges against Brown. They did not respond to multiple requests for comment for this story.
‘Vanished’
When Snapchat went public in 2017, the Los Angeles Times noted that the company’s mysterious third founder had “vanished from public life.”
The IPO made both both Spiegel and Murphy multi-billionaires in their twenties. If Brown had settled his lawsuit in exchange for Snapchat shares instead of cash, he too could have become a billionaire.
Even with Snapchat shares down 80% so far this year, a 20% stake in the company would be worth more than $3 billion.
In August of this year, Spiegel and his supermodel wife Miranda Kerr paid $145 million for an estate across the street from the Playboy mansion, Dirt.com reported in August. Combined with a $30 million villa Spiegel and Kerr maintain in Paris, the value of the Snapchat CEO’s real estate holdings is higher than the entire cash settlement received by Brown.
Meanwhile, the other Snapchat co-founder, Bobby Murphy, reportedly owns at least nine multimillion-dollar properties in Los Angeles worth a collective $60 million.
Murphy and Spiegel are both worth more than $2 billion each, according to Forbes.
A little over a month after Brown allegedly went to rehab, he sold his house on Jan. 11, 2022 for $1.04 million, property records show. It’s unclear where he currently lives.
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