Companies
Amazon Invests Additional $4 Billion in AI Startup Anthropic
By UBS News Staff | November 21, 2024 Amazon is doubling down on artificial intelligence, investing another $4 billion in Anthropic, a San Francisco-based AI safety and research company. This move brings Amazon’s total investment in the startup to $8 billion since last year, solidifying its efforts to compete in the AI arms race alongside […]
Comcast to Spin Off Cable Networks Amid Declining TV Subscriptions
By UBS News Staff | November 20, 2024 Comcast announced plans to spin off several cable networks, including CNBC, MSNBC, and E!, into a new entity temporarily named “SpinCo.” The process is expected to take about a year, according to a company memo. Notably, Bravo will remain part of NBCUniversal to bolster its streaming platform, […]