by on 25th May 2023 in News
In today’s ExchangeWire news digest: AI startup Anthropic has secured USD$450m in funding; TikTok has retaliated against Montana’s statewide ban with a federal lawsuit; and Warner Bros Discovery’s Max is now live.
AI startup, Anthropic, has raised USD$450m (~£362.7m) from investors Google and Spark Capital. With this latest investment, Anthropic’s funding reaches close to USD$1bn (~£807.2m) in total, establishing it as one of the most extensively financed AI startups.
Although the company did not reveal its valuation, insiders estimate it to be approximately USD$5bn (~£4bn). This news comes off the back of Microsoft’s significant investment in OpenAI, and means that Google now has a 10% stake in the company.
In response to the US state of Montana’s state-wide ban of the app, TikTok has filed a federal lawsuit, alleging that the ban violates the US Constitution, including the First Amendment.
The lawsuit claims that prohibiting a massively popular social media platform constitutes an unlawful infringement of freedom of expression, resembling censorship.
Max, the SVoD service from Warner Bros. Discovery, replaces HBO Max and Discovery+ and is now live. It offers an ‘Ultimate Ad-Free’ tier with four concurrent streams, up to 100 offline downloads, and a vast library of 4k content including popular shows and movies like Harry Potter, The Last of Us, Game of Thrones, and more.
The subscription is priced at USD$19.99 (~£16.14) per month or USD$199.99 (~£160.40) per year. The revamped Max will offer 35,000 hours of programming, more than double the content available on HBO Max.
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