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Oversize Heinz ketchup bottle displayed at Heinz History Center in Pittsburgh
A giant Heinz ketchup bottle outside the Heinz History Center in Pittsburgh (Getty Images)
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Kraft Heinz is bringing back the glass ketchup bottle as it leans on sauces for growth

The Pittsburgh-born sauce giant is turning 157 this year.

Before you could squeeze Heinz ketchup from plastic vessels, its classic glass bottle was exactly the kind of American pantry staple that was iconic enough to end up in the Smithsonian and in works by Andy Warhol. Now, for the first time in around a decade, that eight-sided bottle is back on shelves at Walmart for a limited time.

While the release marks the condiment giant’s 157th anniversary, it also lands at a moment when Kraft Heinz is trying to squeeze more growth out of its biggest product category after years of sluggish sales and turnaround attempts.

Power sauces

Following the 2015 megamerger that combined Kraft’s US grocery staples with Heinz’s spreads, ketchup, and other sauces, Kraft Heinz has spent much of the past decade trying to prove the tie-up could justify the deal’s $45 billion price tag. Instead, annual sales have barely budged, hovering around the mid-$20 billion range — eventually pushing the company to explore separating its slower-growing grocery lines from the faster-growing condiments and sauces business.

Kraft Heinz
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Indeed, condiments, sauces, and spreads — including Heinz, Kraft peanut butter, and Grey Poupon — remain Kraft Heinz’s biggest product category, accounting for 45% of total sales last year, more than its ready-made meals, meats, and cheese businesses combined. That strength continued to show up in the latest quarter, when Kraft Heinz beat Wall Street’s sales expectations, with new CEO Steve Cahillane showing market share gains from its US sauces and condiments segment.

Earlier this year, Cahillane shelved the breakup plan, calling the challenges “fixable,” and instead committed $600 million to marketing, sales, and R&D to drive a turnaround.

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Demis Hassabis, Google DeepMind’s CEO and founder, was also an early Anthropic investor

A chess prodigy and an actual a knight of the realm in the UK, it’s perhaps no surprise that Demis Hassabis has made some strategic moves about his exposure to AI upside. According to people familiar with the matter, the influential AI architect became an angel investor in Anthropic, currently behind many of the leading AI models, per Arena AI leaderboards.

The Nobel Prize winner’s position in the Claude creator was previously undisclosed and, per the Financial Times, highlights Hassabis’ “growing influence across the AI industry.”

Google, which bought DeepMind, the company that Hassabis cofounded and heads to this day, for a reported ~$400 million in 2014, is also a key Anthropic investor. The tech giant reportedly plans to invest up to $40 billion in the AI company as part of the mutually beneficial relationship the pair have forged, with reports that Anthropic has committed to spending $200 billion in the other direction on Google’s cloud services over the next five years.

Im playing all sides, so I always come out on top

In addition to his financial support for Anthropic, Hassabis has also invested in a range of AI startups launched by colleagues, such as Inflection AI, a company set up by DeepMind cofounder Mustafa Suleyman (who is now CEO of Microsoft AI), as well as efforts from other collaborators, like David Silver’s Ineffable Intelligence.

Hassabis also emerged as a recurring figure on the fringes of the recent Elon Musk v. Sam Altman trial, cropping up repeatedly in testimonies and court documents and appearing to live, as The Verge put it, “rent-free” in Musk’s head.

Founded in 2021, Anthropic has recently raised funding at a reported $900 billion valuation, sending it soaring ahead of competitor OpenAI.

The Nobel Prize winner’s position in the Claude creator was previously undisclosed and, per the Financial Times, highlights Hassabis’ “growing influence across the AI industry.”

Google, which bought DeepMind, the company that Hassabis cofounded and heads to this day, for a reported ~$400 million in 2014, is also a key Anthropic investor. The tech giant reportedly plans to invest up to $40 billion in the AI company as part of the mutually beneficial relationship the pair have forged, with reports that Anthropic has committed to spending $200 billion in the other direction on Google’s cloud services over the next five years.

Im playing all sides, so I always come out on top

In addition to his financial support for Anthropic, Hassabis has also invested in a range of AI startups launched by colleagues, such as Inflection AI, a company set up by DeepMind cofounder Mustafa Suleyman (who is now CEO of Microsoft AI), as well as efforts from other collaborators, like David Silver’s Ineffable Intelligence.

Hassabis also emerged as a recurring figure on the fringes of the recent Elon Musk v. Sam Altman trial, cropping up repeatedly in testimonies and court documents and appearing to live, as The Verge put it, “rent-free” in Musk’s head.

Founded in 2021, Anthropic has recently raised funding at a reported $900 billion valuation, sending it soaring ahead of competitor OpenAI.

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Jury rules against Musk in lawsuit against OpenAI and Altman

Jurors in Tesla CEO Elon Musk’s lawsuit against Sam Altman, Greg Brockman, and OpenAI found the defendants not liable on all claims on Monday.

In a unanimous verdict reached after less than two hours of deliberation, the Oakland jury found that Musk had waited too long to bring his case forward, exceeding the statute of limitations.

Musk had alleged that OpenAI abandoned its founding mission as a nonprofit dedicated to developing AI for humanity and instead became a profit-driven company closely tied to Microsoft.

The verdict caps off a three-week blockbuster tech trial that could have seen Altman and Brockman removed from OpenAI leadership.

Musk had alleged that OpenAI abandoned its founding mission as a nonprofit dedicated to developing AI for humanity and instead became a profit-driven company closely tied to Microsoft.

The verdict caps off a three-week blockbuster tech trial that could have seen Altman and Brockman removed from OpenAI leadership.

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