
Anthropic's Claude 4 gets feature to cut off abusive user interactions
Anthropic framed the move as part of its ongoing research into AI welfare. When Claude ends a conversation, the user can no longer send new messages in that thread.
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Time of India
12 minutes ago
- Time of India
OpenAI-rival Anthropic sets limits on how investors can participate in upcoming $5 billion fundraise
Claude-maker Anthropic has told investors that the AI company does not want money coming through special purpose vehicles (SPVs) in its latest fundraising. Citing two people familiar with the matter, a Business Insider report said that one of Anthropic's largest backers, Menlo Ventures, was specifically told it must invest using its own capital and not through an SPV, as it did in a past round. The company, as per the report, is raising about $5 billion at a valuation of $170 billion. What are special purpose vehicles investment fund A special purpose vehicle, or SPV, is a legal entity that is created for a specific financial purpose, usually to make a single investment. In the world of venture capital and private markets, investors often pool their money into an SPV, and that entity then invests in a company on their behalf. This structure makes it easier for smaller investors to gain access to deals that are normally reserved for large funds. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Premium 2 & 3 BHK Apartments in Whitefield | Starts at ₹81.42 Lacs* | No Pre EMI till Possession Sowparnika Euphoria In The East Learn More Undo But companies generally prefer direct investor relationships. Recently, investors have complained that some SPVs targeting AI startups are charging unusually high fees. The BI report quotes Michelle Lim, a founder and angel investor, who posted on X 'Many friends including myself have been offered allocation into OpenAI or Anthropic SPVs this week. Minimum check sizes are $100k-$1M, with fees as high as 16%. From what I understand, folks are creating SPVs on top of SPVs and making management fees on top of them. It's like a pyramid.' Venture capitalist Sarah Guo wrote on X: 'The feeding frenzy for ownership in the AI labs has spawned a set of bottom feeding multi layered SPV brokers that have no relationship with the company, and straight up grifters," "Careful of that nonsense.' Nvidia H20 Chips for China: What's Really Going On? AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
18 minutes ago
- Time of India
BofA sounds alarm: Stock valuations now higher than 2000 bubble — here's what you need to take note of
Market Valuation Surpasses Dot-Com Era Live Events Are These Valuations Justified or Just Hype? Not All Experts Are Worried Potential Safe Havens If the Market Turns FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Investors surfing on the wave of optimism surrounding AI might want to take a step back and be cautious because Bank of America strategist Michael Hartnett pointed out that the equity market is now pricier than it was at the peak of the dot-com bubble, as per a presented a striking chart demonstrating the S&P 500's price-to-book ratio, a metric comparing the aggregate market value of the index's constituents to their net assets has risen to 5.3, an all-time high, as per Busienss Insider. That is higher than the previous high of 5.1 in March 2000, when the tech bubble was about to burst, according to the people who think "this time is different" since AI firms are in fact yielding profits, Hartnett highlighted that, "It better be different this time," as quoted by Business not a single measure flashing red. Hartnett also pointed to the S&P 500's 12-month forward price-to-earnings multiple, which is its highest since the dot-com bubble, apart from August 2020, as per the Business Insider report. The Shiller cyclically-adjusted price-to-earnings ratio, which matches prices to a 10-year moving average of earnings, is near historical highs reached in 1929, 2000, and 2021, according to the READ: Apple just dropped 2 free iPhone apps with iOS 26, and users can't stop talking about them While high valuations tend to mirror high expectations for future growth, particularly with AI companies continuing to surpass earnings estimates, which suggest the optimism could be justified, as reported by Business Insider. However, sometimes those expectations turn out to be too elevated, and prices correct, but they don't necessitate a bubble scenario, according to the valuations are better predictors of average long-term returns compared to near-term performance, and views on Wall Street on where the market goes in the months ahead differ, even though, there are calls for caution, many strategists continue to raise their year-end S&P 500 price targets, as reported by Business READ: In times of AI, Microsoft engineer reveals secret formula for 4 promotions in just 5 years Recently, the chief investment officer of global fixed income at BlackRock, Rick Rieder said that the market is in the "best investing environment ever" due to factors like strong demand for stocks, looming rate cuts, and recent boosts in productivity and earnings growth, as per the READ: Is it AI or Trump's policies? US sees brutal 140% layoff spike in July, worst surge since early COVID chaos Hartnett also pointed out that if the market does start to unwind, he sees bonds and non-US stocks benefiting, according to Business Insider. Examples of funds that offer exposure to these trades include the iShares Core U.S. Aggregate Bond ETF (AGG) and the Vanguard FTSE All-World ex-US ETF (VEU), reported Business the S&P 500 is now valued higher than it was at the peak of the 2000 dot-com bubble, a level that eventually led to a major crash, as per the Business Insider necessarily. High valuations don't guarantee a crash, but they often lead to lower long-term returns.


Mint
30 minutes ago
- Mint
Minebea Stays Pat in Bidding War for Japan Sensor Maker Shibaura
Minebea Mitsumi Inc.'s latest offer for Shibaura Electronics Co. is likely its final bid, according to the former's chief executive officer, signaling an end to a months-long takeover battle for the Japanese maker of car and server sensors. Minebea, which makes controllers for Nintendo Co.'s Switch, last week raised its bid for Shibaura by about 13% to ¥6,200 per share. That matches a competing takeover proposal put forth by Taiwan's Yageo Corp., valuing the target at about ¥96.7 billion . Yageo on Monday said it's considering changing its offer for Shibaura in response to Minebea's raised bid. Prior to Yageo's statement, Minebea CEO Yoshihisa Kainuma said he's confident of edging out his rival: Minebea can win out even if Yageo raises its bid by ¥200 to ¥300 per share, he said. Yageo's unsolicited offer for Shibaura triggered a patriotic backlash in Japanese business circles. High-precision thermistors are key for monitoring the internal temperature of electronic devices to prevent overheating. That's especially important in AI development, which involves designing data centers with large clusters of high-performance servers churning through vast troves of data. 'This is the most we can offer that we can explain rationally,' Kainuma said at a news conference. Yageo extended its tender offer for Shibaura to Aug. 28 from Aug. 18 to match Minebea's offer period. The Taiwanese company expects to obtain approval for the acquisition by the last day of the tender offer, it said. Yageo's bid is subject to approval by regulators under Japan's foreign exchange law. Minebea said previously it secured tender agreements from nine of its target's major shareholders, as well as from some of Shibaura's founding families. With assistance from Ville Heiskanen. This article was generated from an automated news agency feed without modifications to text.