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TODAY’S TOP PICKS FOR YOU

1. Harvey raises $80m in Series B funding

2. Anthropic's Bold Move: Aiming for a $750 Million Boost

3. OpenAI is eyeing a $100Bn valuation 

4. Apple seeks partnership with publishers for AI training

Harvey raises $80m in Series B funding

• Harvey, which focuses on generative AI for law firms, has successfully raised $80 million in Series B funding.

• Co-led by industry giants Elad Gil and Kleiner Perkins, this funding surge pushes Harvey's valuation to $715 million.

• With a strong trust base in leading law firms and exponential engagement growth, Harvey stands as a beacon of secure, sophisticated AI solutions.

• The new funding is earmarked for expanding custom model building and scaling the team, heralding a new era of AI-enhanced productivity in professional services.

Why this matters: Harvey's significant funding and rapid growth underscore the surging demand for AI in professional services, marking a shift towards more sophisticated, AI-driven solutions in traditionally conservative sectors.

Anthropic's Bold Move: Aiming for a $750 Million Boost

• Anthropic, an emerging AI powerhouse, is in active talks to secure a staggering $750 million funding, led by Menlo Ventures.

• This ambitious round pegs Anthropic's pre-funding valuation at an impressive $18.4 billion.

• Known for its Claude AI models, Anthropic is positioning itself as a formidable competitor to OpenAI's GPT series.

• With hefty investments from tech titans like Google and Amazon, Anthropic is gearing up to redefine the AI technology landscape.

Why this matters: Anthropic's aggressive funding goals and high valuation highlight the intensifying race in the AI sector, where startups and tech giants alike are vying for dominance in the rapidly evolving AI market.

OpenAI is eyeing a $100Bn valuation 

• OpenAI, the mastermind behind the AI revolution, is negotiating a potential new funding round that could catapult its valuation to an astounding $100 billion.

• This strategic move includes a potential chip venture with Abu Dhabi's G42, showcasing OpenAI's ambition to diversify and deepen its technological prowess.

• Microsoft's over $10 billion investment in OpenAI underscores the monumental impact and anticipation surrounding this AI trailblazer.

• With such a towering valuation on the horizon, OpenAI is poised to redefine the scale and scope of the AI industry.

Why this matters: OpenAI's potential valuation at $100 billion is a testament to the colossal impact of AI technologies in the modern world, signifying a pivotal moment in the AI industry where valuations are reaching unprecedented heights.

Apple seeks partnership with publishers for AI training

• Apple is engaging with major news publishers like Condé Nast, NBC News, and IAC to license their archives for training its generative AI systems.

• Discussions involve multiyear deals potentially worth over $50 million, aiming to leverage vast news content to enhance Apple's AI capabilities.

• Publishers' responses are mixed, with concerns about legal liabilities and Apple's vague plans for news and generative AI integration.

• Despite lower public visibility in AI compared to rivals like OpenAI, Microsoft, and Google, Apple is intensifying its AI efforts, including enhancing Siri and developing AI-focused iOS features.

Why this matters: Apple's move into licensing news for AI training signals its strategic push to strengthen its AI competencies, a crucial step in staying competitive in the rapidly advancing AI landscape. This approach mirrors efforts by other tech giants, showcasing the growing importance of collaborative efforts between technology and media for AI advancements.