After taking over the reign as Berkshire Hathaway CEO in January this year, Greg Abel began putting the company’s record cash pile of nearly $400 billion to work. At the centre of this shift in strategy is Google-parent Alphabet.
Anthropic revenue jumps 1,100% ahead of IPO as AI spending commitments near $900 billion
Anthropic reported a 1,100% surge in third quarter revenue to $17 billion ahead of its planned IPO later this month. However, the AI company also