Thursday, February 22

Business

Inside the frenzy of funding for Anthropic, one of the most interesting start-ups in artificial intelligence
Business

Inside the frenzy of funding for Anthropic, one of the most interesting start-ups in artificial intelligence

Last May, Anthropic, one of the world's largest AI startups, raised $450 million from investors including Google and Salesforce. It was the beginning of an astonishing wave of funding.In August, Anthropic had secured $100 million from two Asian telecom companies. Amazon subsequently allocated $4 billion, followed by another $2 billion from Google.This month, venture capital firm Menlo Ventures closed a deal to invest $750 million in Anthropic.Overall, the AI-based startup grossed $7.3 billion in one year. Its five financing deals stood out not only for their speed and size, but also for their unusual structures.In one such deal, Anthropic agreed to use technologies such as chips and cloud computing services from companies that invested in it. This meant, in effect, that some of the mon...
Per l’economia del Michigan, i veicoli elettrici sono promettenti e spaventosi
Business

Per l’economia del Michigan, i veicoli elettrici sono promettenti e spaventosi

Lo scorso autunno, Tiffanie Simmons, un'operaia automobilistica di seconda generazione, ha subito uno sciopero di sei settimane presso la fabbrica Ford Motor, appena a ovest di Detroit, dove costruisce SUV Bronco. riduzioni che lei e altri lavoratori del sindacato hanno accettato più di dieci anni fa.Ma mentre la signora Simmons, 38 anni, contempla le prospettive dell’industria automobilistica americana nello stato che l’ha inventata, si preoccupa di una nuova forza: il passaggio ai veicoli elettrici. È costernata dal fatto che la transizione sia stata sostenuta dal presidente Biden, le cui credenziali pro-lavoro sono al centro della sua candidatura per la rielezione, e che ha recentemente ottenuto l’appoggio del suo sindacato, lo United Automobile Workers.L’amministrazione Biden ha adott...
Kam Ghaffarian’s Moonshots – The New York Times
Business

Kam Ghaffarian’s Moonshots – The New York Times

Much of the American space program is run out of nondescript offices in the Washington, D.C., suburbs. That’s where Kam Ghaffarian, the billionaire space entrepreneur, could be found on an auspicious day. Exactly 47 years before, he had immigrated to the United States from Iran. Mr. Ghaffarian, 66, sat at a table made of gently glowing white onyx, also from Iran.Mr. Ghaffarian said he imported the stone because of its unique translucence when lit and because of the energy (spiritual, not physical) that the billion-year-old mineral emits. He is a big believer in the importance of meditating to connect with the energy in the universe, which he has done on a daily basis for decades.“When you touch it, you feel the energy of the stone,” he said. “How many years? Go ahead, touch it.”He was in t...
The Great Compression – The New York Times
Business

The Great Compression – The New York Times

Robert Lanter lives in a 600-square-foot house that can be traversed in five seconds and vacuumed from a single outlet. He doesn’t have a coffee table in the living room because it would obstruct the front door. When relatives come to visit, Mr. Lanter says jokingly, but only partly, they have to tour one at time.Each of these details amounts to something bigger, for Mr. Lanter’s life and the U.S. housing market: a house under $300,000, something increasingly hard to find. That price allowed Mr. Lanter, a 63-year-old retired nurse, to buy a new single-family home in a subdivision in Redmond, Ore., about 30 minutes outside Bend, where he is from and which is, along with its surrounding area, one of Oregon’s most expensive housing markets.Mr. Lanter’s house could easily fit on a flatbed truc...
Amazon claims the National Labor Relations Board is unconstitutional
Business

Amazon claims the National Labor Relations Board is unconstitutional

In the latest sign of a growing backlash within corporate America against the 88-year-old federal agency that enforces workers' rights, Amazon argued in a legal filing Thursday that the National Labor Relations Board was unconstitutional.The move followed a similar argument made by SpaceX, the rocket company founded and run by Elon Musk, in a legal complaint in January, and by Trader Joe's during a labor board hearing a few weeks later.The labor board is an arm of the prosecutor's office, which issues complaints against employers or unions believed to have violated federally protected labor rights; administrative judges, who hear complaints; and a five-member board in Washington, to which decisions can be appealed.Amazon's complaint was part of a case before an administrative law judge i...
Three lessons from a surprisingly resilient job market
Business

Three lessons from a surprisingly resilient job market

The pandemic has created an economic crisis unlike any recession on record. So perhaps it shouldn't be surprising that the consequences have also manifested themselves in a way that almost no economist expected.When unemployment soared in the first weeks of the pandemic, many feared a repeat of the long, slow recovery of the Great Recession: years of unemployment that left many workers permanently scarred. Instead, the labor market recovery was, in many ways, the strongest on record.At the start of 2021, some economists predicted a surge in inflation. Others were sceptical: similar predictions in recent years – in some cases by the same meteorologists – had not come true. This time, however, they were right.And when the Federal Reserve began trying to rein in inflation, there were warn...
Questa città del Circolo Polare Artico si aspettava un boom dell’energia verde.  Poi è arrivata la Bidenomics.
Business

Questa città del Circolo Polare Artico si aspettava un boom dell’energia verde. Poi è arrivata la Bidenomics.

A Mo i Rana, una piccola città industriale norvegese al confine del Circolo Polare Artico, una cavernosa fabbrica grigia siede vuota e incompiuta nel crepuscolo nevoso: un monumento alla speranza economica insoddisfatta.L'azienda produttrice di batterie elettriche Freyr era già in fase di costruzione di questa imponente struttura quando l'ampia legge sul clima dell'amministrazione Biden è stata approvata nel 2022. Forse la legislazione sul clima più significativa della storia, l'Inflation Reduction Act ha promesso circa 369 miliardi di dollari in agevolazioni fiscali e sovvenzioni per la tecnologia dell'energia pulita nel decennio successivo. I suoi incentivi per la produzione di batterie negli Stati Uniti erano così generosi che alla fine aiutarono Freyr a sospendere il suo stabilimento ...
After Figma’s $20 billion windfall evaporated, it’s picking up the pieces
Business

After Figma’s $20 billion windfall evaporated, it’s picking up the pieces

On Dec. 18, a $20 billion deal by Adobe, the software giant, to buy Figma, a San Francisco start-up, fell apart after more than a year of regulatory scrutiny.In a blog post that day, Dylan Field, CEO and co-founder of Figma, painted an optimistic picture of what would come next. “Figma's best and most innovative days are yet to come,” he wrote.Behind the scenes, the start-up, a design platform, is picking up the pieces. In recent weeks, Figma said it had reset its internal valuation to $10 billion, half of what Adobe had planned to pay for it. Some employees, who were expected to reap huge profits, are deflated. Figma offered severance pay to workers who wanted to quit, and just over 4 percent, or about 52 workers, accepted the offer, said Michael Amodeo, a company spokesman.Figma is a...
Professional sports in Las Vegas are not universally acclaimed
Business

Professional sports in Las Vegas are not universally acclaimed

The history of Las Vegas has been marked by an incessant production of hotels, casinos, theaters and restaurants. But only recently has the city's landscape included major professional sports teams.The National Hockey League's Golden Knights were the first to start playing here in 2017. The Women's National Basketball Association Aces started in 2018 and the National Football League's Raiders arrived from Oakland in 2020. Last year, Major League Baseball Athletics has been given the green light to make the same move from Oakland to Las Vegas, and the National Basketball Association is expected to add a team in the next few years.Las Vegas' transformation into a professional sports city reflects not only the leagues' interest in the city and their general interest in sports betting, but al...
Opinion |  Protection of the rights of independent contractors
Business

Opinion | Protection of the rights of independent contractors

To the editor:On “The 'Gig' Label Is Used to Exploit Workers,” by Terri Gerstein (Opinion guest essay, Jan. 29):We are the freelance writers and editors mentioned by Ms. Gerstein who are suing the Department of Labor over the independent contractor rule which, as she said, "will make it harder for employers to treat workers as independent contractors rather than employees" . So let's explain.The Department of Labor acknowledges, in its 339-page rule released Jan. 10, that the majority of public comments made by independent contractors expressed opposition to the rule, "criticizing the Department's proposed economic reality test as ambiguous and biased against independent contracting."Today, there are more than 70 million self-employed workers, representing a significant portion of the U.S...