The Brutalist Report - tech
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- Sources: OpenAI is racing to secure investor commitments before Anthropic's expected IPO in mid-Nov. and aims to raise ~$30B; the round could value it at $1.4T+ (Reuters) [3d]
- Sources: Ted Sarandos complained for months of a lack of new hit shows at Netflix and US watch time being down; it just fired its film chief and content chief (Wall Street Journal) [3d]
- Sources: Waymo aims to expand its fleet to 8K by the end of this year, up from 4K today, and to 20K by the end of 2027, after raising $5B in debt this month (Ellen DiMauro/Semafor) [3d]
- Sources: Eric Schmidt, who owns ~1% of Anthropic after investing tens of millions in its Series A, is poised to have one of the largest windfalls from its IPO (Bloomberg) [3d]
- Cloudflare debuts Clairic, a System One-class extraction model it says processes unstructured data faster, more cheaply, and more accurately than normal LLMs (Cloudflare) [3d]
- The US FTC clears Publicis' $2.2B LiveRamp acquisition, subject to a consent decree requiring equal access to LiveRamp's data connectivity tools for all clients (Leah Nylen/Bloomberg) [3d]
- Dream Labs, which offers an API for its Dream-1 robot foundation model trained on human videos, raised a $90M seed led by B Capital and Kindred Ventures (John Koetsier/Forbes) [3d]
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