Meta releases open-weight Muse Spark model for coding, agentic tasks

Open-weight models make trained parameters available for developers to modify, unlike proprietary models that remain under their creators' control. They can offer businesses a lower-cost alternative to closed systems.

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Flipkart ex-staff push for Esop buyout; Wipro, Tech Mahindra’s Q2 report

Happy Friday! Former Flipkart employees are asking Walmart to cash out their vested stock options. This and more in today’s ETtech Morning Dispatch.

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Nvidia, Apple each gave $25 million for Trump's ballroom: Washington Post

The Adelson family, longtime financial supporters of Trump and his Republican Party, committed $25 million as well, as did billionaire Charles Ergen, co-founder and chairman of telecommunications company Dish Network, the report added.

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Anthropic Q3 revenue surges 45% to $16.8 billion as AI startup gears up for $2 trillion IPO

Anthropic reported a 45% increase in revenue for the third quarter, reaching $16.8 billion. The company's revenue for the first and second quarters was $4.7 billion and $11.6 billion, respectively. Anthropic aims for a valuation exceeding $2 trillion, emphasizing substantial revenue growth despite significant operational losses. Founded by former OpenAI executives, the company focuses on AI safety amid growing competition.

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Skyroot eyes funding boost; MDR deferment cheers D2C brands

Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.

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Eight US states sue OpenAI, claiming ChatGPT harms children

The lawsuits, which were filed in state courts, are seeking an order forcing OpenAI to make changes to how ChatGPT works for children. The states are also seeking an order forcing the company to give up profits it has generated from young users.

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Anthropic seeks rehearing of case over Pentagon's security risk branding

Anthropic asked a US appeals court on Tuesday to reconsider a ruling that upheld the Pentagon's decision to label the AI company as a national security supply chain risk over a dispute about safety guardrails on its technology.

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