Former Netflix CEO Reed Hastings appointed to Anthropic's board of directors
Reed Hastings
, the former CEO and current chairman of streaming giant
Netflix
, has been appointed to the board of directors of AI startup
Anthropic
, the company said in a
blog post
on Wednesday.
Hastings has been part of the boards of Facebook (now Meta), Microsoft, and Bloomberg. He had served as CEO of Netflix since its inception and stepped down in 2023.
Anthropic's large language model (LLM) Claude competes with OpenAI's
ChatGPT
and Google's Gemini. The company last received $4 billion in funding from Amazon.
Hastings recently gave $50 million to Bowdoin College to create a research initiative on AI and humanity. The programme explores how AI will change work, relationships, and education while developing ethical guidelines for its use. This objective aligns with Anthropic's focus.
Hastings was appointed to the board by Anthropic's Long Term Benefit Trust.
"The Long Term Benefit Trust appointed Reed because his impressive leadership experience, deep philanthropic work, and commitment to addressing AI's societal challenges make him uniquely qualified to guide Anthropic at this critical juncture in
AI development
," said Buddy Shah, chair of Anthropic's Long Term Benefit Trust.
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
'Anthropic is very optimistic about the AI benefits for humanity, but is also very aware of the economic, social, and safety challenges,' Hastings said in a statement. 'I'm joining Anthropic's board because I believe in their approach to AI development, and to help humanity progress,' he added.
Meanwhile, Anthropic CEO Dario Amodei has warned that AI could
eliminate nearly half of entry-level white-collar jobs
within five years. He urged consumers and US lawmakers to prepare for significant
job cuts
, according to Axios. Amodei also criticised the government and other AI companies for downplaying the risk of widespread job losses across sectors such as technology, finance, law, and consulting.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
40 minutes ago
- Economic Times
Google says it will appeal online search antitrust decision
Alphabet's Google on Saturday said it will appeal an antitrust decision under which a federal judge proposed less aggressive ways to restore online search competition than the 10-year regime suggested by antitrust enforcers "We will wait for the Court's opinion. And we still strongly believe the Court's original decision was wrong, and look forward to our eventual appeal," Google said in a post on X. — NewsFromGoogle (@NewsFromGoogle) US District Judge Amit Mehta in Washington heard closing arguments on Friday at a trial on proposals to address Google's illegal monopoly in online search and related advertising. In April, a federal judge said that Google illegally dominated two markets for online advertising technology, with the US Department of Justice saying that Google should sell off at least its Google Ad Manager, which includes the company's publisher ad server and its ad exchange. The DOJ and a coalition of states want Google to share search data and cease multibillion-dollar payments to Apple and other smartphone makers to be the default search engine on new devices. Antitrust enforcers are concerned about how Google's search monopoly gives it an advantage in artificial intelligence products like Gemini and vice versa. John Schmidtlein, an attorney for Google, said at the hearing that while generative AI is influencing how search looks, Google has addressed any concerns about competition in AI by no longer entering exclusive agreements with wireless carriers and smartphone makers including Samsung Electronics, leaving them free to load rival search and AI apps on new devices.
Economic Times
an hour ago
- Economic Times
DeepSeek can undercut larger ChatGPT, ace investor Mary Meeker warns
Mary Meeker predicts AI will spawn numerous trillion-dollar companies, with competition intensifying from firms like China's DeepSeek. Rising training costs for leading US models, such as OpenAI's GPT, are creating opportunities for cheaper, task-specific alternatives. The current AI landscape resembles a capital-intensive commodity market, demanding deep funding and patient investors for startups to thrive. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Artificial intelligence (AI) forerunners like OpenAI could soon face serious competition from cheaper rivals such as China's DeepSeek , according to renowned Silicon Valley analyst and investor Mary Meeker Meeker, an early investor in companies like Meta, Spotify, and Airbnb, told the Financial Times that AI will create 'multiple companies worth $10 trillion' — and not all of them will be based in North America. 'The wealth creation will be extraordinary. We've never had a five-billion-user market that was this easy to reach,' she a recent report, Meeker and others point out that US companies, such as OpenAI's GPT and Google's Gemini, leading the development of large language models (LLMs) are now facing rising training costs. At the same time, competition from players like DeepSeek has intensified.'The business model is in flux,' Meeker wrote. 'Smaller, cheaper models tailored for specific tasks are emerging, challenging the idea that one large, general-purpose LLM can do it all.'While AI companies have enjoyed rise in revenues and stock prices, they face growing threats. New, more powerful chips and improved algorithms are lowering the cost of running AI models. This is helping competitors like DeepSeek launch models that are more affordable and goes on to underscore that, in the short term, these AI businesses are starting to look like commodity operations that burn through venture capital at a rapid pace. Despite the advances in the space, training the most advanced AI models is still extremely expensive. Costs have increased 2,400 times in the past eight years, making it nearly impossible for smaller players to compete. Only a few companies can afford to keep up, and even those lack a clear path to lower prices and more model options benefit consumers, they create a tough environment for startups. To survive, these companies need deep funding and patient investors. Meeker compares their situation to companies like Uber, Amazon, and Tesla , which all spent heavily for years before turning a reported earlier this week how several Indian startups may have to tap external funding to scale up their GenAI-based applications as AI companies such as OpenAI and Anthropic pause steep price cuts of their generative AI rose to fame during her time at Morgan Stanley with bets like Google and Apple, earning the moniker "queen of the internet". She joined venture capital firm Kleiner Perkins in 2010 and later co-founded her own firm, Bond, in 2019.
Deccan Herald
an hour ago
- Deccan Herald
'Tejasvi AI': Sanjay Raut says Saamana created Marathi media's first AI anchor
The AI anchor, the first in Marathi media, has been named 'Tejasvi AI' and will read out news on Saamana's Youtube channel, he added.
