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05.05.26 - 16:06
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Apollo′s Slok Sees Best Aspects of ′China Shock′ in AI Impact (Bloomberg)
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Torsten Slok, chief economist at Apollo Global Management, expects that productivity gains from artificial intelligence will probably result in more jobs being created than are lost, similar to the effects after China joined the World Trade Organization. (Source: Bloomberg)...
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04.05.26 - 18:06
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Anthropic Enters $1.5 Billion Joint Venture That Includes Goldman, Blackstone (ZeroHedge)
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Anthropic Enters $1.5 Billion Joint Venture That Includes Goldman, Blackstone
AI startup Anthropic on Monday announced the creation of a joint venture which includes Goldman Sachs, Blackstone and several other Wall Street firms, with the goal of selling artificial-intelligence tools to companies, the Wall Street Journal reports.
The new venture will act as a consulting arm for Anthropic, and will educate businesses - including companies in the private-equity firms' portfolios, how to integrate AI across their operations.
The deal is being anchored by Blackstone and Hellman & Friedman - each of which are expected to invest roughly $300 million, while Goldman is putting in around $150 million. General Atlantic, Leonard Green, Apollo Global Management, GIC, and Sequoia Capital are also investing in the deal, which is expected to reach $1.5 billion all told, according to the report.
On Friday, Bloomberg separately reported that Anthropic is entertaining offers at a $900 billion va...
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