Meta released a Reddit dupe. Reddit investors don’t like it.
Sherwood News • • business
Key Points:
- The $11.8 billion German company is vulnerable to a takeover after its CEO stepped down amid activist investor pressure to sell assets, potentially allowing Uber to expand its presence in over 60 countries against DoorDash’s Wolt unit in Europe.
- Uber’s recent deal-making has focused on autonomous vehicles, with over 30 global partnerships, though its stock dropped about 1.7% following the takeover news.
- Anthropic is projected to more than double its Q1 revenue from $4.8 billion to $10.9 billion in Q2, with a current fundraising round valuing the company up to $950 billion, surpassing OpenAI’s $850 billion valuation.
- Waymo has implemented interim safety measures after incidents involving flooded roadways and continues to limit its autonomous vehicle rollout to temperate climates due to weather-related challenges.
- AI companies, including Anthropic, face significant compute constraints amid rapid product adoption, leading to partnerships with CoreWeave, Amazon, Google, Broadcom, and xAI for inference chip capacity, while Microsoft seeks to introduce its delayed Maia chips to meet growing AI demand.