tech

Anthropic projections for 2028: Up to $70 billion in revenue, could be profitable by 2027

Anthropic’s Claude API business is doing so well with enterprise customers, the company is upping its revenue forecasts significantly. According to a report from The Information, the company’s robust corporate sales have caused it to revise its most optimistic forecast up to $70 billion in sales by 2028.

Anthropic estimates its API business will be double that of OpenAI’s API sales. OpenAI is currently burning through much more money per month than Anthropic, and reportedly expects to spend as much as $115 billion through 2029, while Anthropic is forecasting that it could be cash positive by 2027, per the report.

Anthropic Projects $70 Billion in Revenue, $17 Billion in Cash Flow in 2028

Anthropic Projects $70 Billion in Revenue, $17 Billion in Cash Flow in 2028

Anthropic estimates its API business will be double that of OpenAI’s API sales. OpenAI is currently burning through much more money per month than Anthropic, and reportedly expects to spend as much as $115 billion through 2029, while Anthropic is forecasting that it could be cash positive by 2027, per the report.

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Amazon, which is developing AI shopping agents, doesn’t want Perplexity’s AI shopping agents on its site

Amazon has sent a cease and desist letter to Perplexity AI, demanding that it stop letting its AI browser agent, Comet, make online purchases for users, Bloomberg reports.

Amazon, which is developing its own AI shopping agents and is having “conversations” with builders of third-party agents, accused the AI startup of “committing computer fraud by failing to disclose when its AI agent is shopping on a user’s behalf, in violation of Amazon’s terms of service.”

Perplexity, in response, said Amazon is attempting to “eliminate user rights” in order to sell more ads.

Amazon Demands Perplexity Stop AI Agent From Making Purchases

Amazon Demands Perplexity Stop AI Agent From Making Purchases

Amazon, which is developing its own AI shopping agents and is having “conversations” with builders of third-party agents, accused the AI startup of “committing computer fraud by failing to disclose when its AI agent is shopping on a user’s behalf, in violation of Amazon’s terms of service.”

Perplexity, in response, said Amazon is attempting to “eliminate user rights” in order to sell more ads.

tech

Apple to challenge Google Chromebooks with low-cost Mac laptop, Bloomberg reports

Apple is designing a new sub-$1,000 Mac laptop aimed at the education market, Bloomberg reports.

Google’s low-cost Chromebooks currently dominate the K-12 education market, and Apple’s reentry into the education market that it once owned could disrupt the sector’s status quo.

According to the report, Apple plans on using the custom mobile chips it currently uses in iPhones to power the more affordable devices.

Apple’s recent earnings demonstrated that iPhone sales have been steady, and the tech giant is looking to find new areas of growth, like services. A low-cost Mac could be popular with consumers, in addition to education buyers.

Apple Prepares to Enter Low-Cost Laptop Market for First Time

Apple Prepares to Enter Low-Cost Laptop Market for First Time

According to the report, Apple plans on using the custom mobile chips it currently uses in iPhones to power the more affordable devices.

Apple’s recent earnings demonstrated that iPhone sales have been steady, and the tech giant is looking to find new areas of growth, like services. A low-cost Mac could be popular with consumers, in addition to education buyers.

tech

Getty Images suffers partial defeat in UK lawsuit against Stability AI

Stability AI, the creator of image generation tool Stable Diffusion, largely defended itself from a copyright violation lawsuit filed by Getty Images, which alleged the company illegally trained its AI models on Getty’s image library.

Lacking strong enough evidence, Getty dropped the part of the case alleging illegal training mid-trial, according to Reuters reporting.

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

A number of high-profile copyright cases are still working their way through the courts, as copyright holders seek to win strong protections for their works that were used to train AI models from a number of Big Tech companies.

Getty Images largely loses landmark UK lawsuit over AI image generator

Getty Images largely loses landmark UK lawsuit over AI image generator

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

A number of high-profile copyright cases are still working their way through the courts, as copyright holders seek to win strong protections for their works that were used to train AI models from a number of Big Tech companies.

Uber says it’s doing better in markets where it has autonomous vehicles

It’s autonomous ride-sharing business is still very small.

Uber And Waymo Celebrate SXSW...

tech

Norway’s wealth fund, Tesla’s sixth-largest institutional investor, votes against Musk’s pay package

Norway’s Norges Bank Investment Management, the world’s largest sovereign wealth fund, said Tuesday that it voted against Tesla CEO Elon Musk’s $1 trillion pay package, ahead of the EV company’s annual shareholder meeting Thursday. The fund, which has a 1.2% stake in Tesla, is the company’s sixth-largest institutional investor, according to FactSet, and the first major investor to disclose how it voted on the matter.

Tesla is down nearly 3% premarket, amid a wider pullback in equities that’s most pronounced in AI-related stocks.

“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk- consistent with our views on executive compensation,” NBIM said in a statement.

Tesla’s board considers Musk’s mammoth, performance-based pay package necessary to retain Musk. For what it’s worth, prediction markets are quite certain investors will pass the proposition.

Norway's mega wealth fund to reject Elon Musk's $1 trillion Tesla pay package

Norway's mega wealth fund to reject Elon Musk's $1 trillion Tesla pay package

Tesla is down nearly 3% premarket, amid a wider pullback in equities that’s most pronounced in AI-related stocks.

“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk- consistent with our views on executive compensation,” NBIM said in a statement.

Tesla’s board considers Musk’s mammoth, performance-based pay package necessary to retain Musk. For what it’s worth, prediction markets are quite certain investors will pass the proposition.

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