@KateClarkTweets

Following the money. Reporter @WSJ. Signal: kateclark.77

 New York, NY
Joined February 2013
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172Media
It’s my first day at The Wall Street Journal covering startups, VC, AI and more. Confidential tips welcome: [email protected] | Signal: 415-409-9095.
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SCOOP: Anthropic's latest draft S-1 documents show financials results for the first half of the year, gigantic spending plans for the future, and a laundry list of risk factors. - Anthropic recorded a net loss of $80.7 billion in the first half of the year, tied to accounting adjustments related to previous financings - Anthropic is set to spend >$600 billion on compute in the coming years, inclusive of cloud agreements and chip leases. More in @WSJ:
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Peter Rudegeair@rudegeairOct 19
My latest on a Wall Street soap opera: Hedge-fund billionaire John Overdeck is fighting a two-front war--against an estranged wife who wants more of his fortune, and a business partner battling him for control of their $85 billion firm, Two Sigma. wsj.com/finance/investing/tw…

A Hedge-Fund Billionaire’s Two Bitter Wars—Against His Wife and His Business Partner

John Overdeck is trying to prevent a feud with his wife over his $723 million divorce settlement offer from costing him in a battle with his Two Sigma co-founder.

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Bosses in tech and beyond are getting radically candid about the long hours they want from job seekers. on.wsj.com/4dMCXV8

The Silicon Valley Job That Demands Three Years of 24/7 Hustle

Bosses in tech and beyond are getting radically candid about the long hours they want from job seekers.

wsj.com
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Jessica Toonkel
@jtoonkelOct 20
Tensions at Netflix have been building for months with co-CEO Ted Sarandos lamenting about the lack of hits. Many newsy nuggets here (including that thel layoffs initially were going to be broaders) $NFLX W/@benfritz @JBFlint wsj.com/business/media/netfl… via @WSJ

Netflix, America’s Dominant Streaming Service, Has Hit a Wall

The company is overhauling creative leadership as it struggles to get domestic audiences to watch more.

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Sam Kessler@skesslrOct 15
SCOOP: While Bo Hines was leading the White House’s push to pass the Genius Act, Tether—the company with the most at stake in the bill—was steering millions of dollars to a company he co-owned. Right after the bill passed, Tether hired him as its U.S. chief. [Gift link] wsj.com/politics/policy/cryp…

He Crafted a Crypto Law for Trump—as His Company Got Millions From a Crypto Giant

Money from Tether flowed to Nxum while Bo Hines worked in the White House on landmark stablecoin legislation. Once the law passed, Tether hired him as its U.S. chief.

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Techmeme
@TechmemeOct 11
Sources: Amazon is in talks to buy AI startup Decart in a deal that could value it at ~$7B; Anthropic had decided against acquiring Decart for ~$6B in September (Wall Street Journal) (Visit Techmeme dot com for the link and full context!)
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SCOOP w/ @KateClarkTweets: Amazon is in talks to acquire AI startup Decart. $AMZN wsj.com/business/deals/amazo…

Exclusive | Amazon in Talks to Buy AI Startup Decart for Around $7 Billion

The San Francisco company’s software makes it easier for developers to switch between different AI chips.

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Techmeme
@TechmemeOct 10
Sources: Dario Amodei spoke with Meta's Alexandr Wang earlier this year, hoping to source more compute; Meta declined the request (Wall Street Journal) (Visit Techmeme dot com for the link and full context!)
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Jessica Toonkel
@jtoonkelOct 10
Compute is the lifeblood of the AI boom, and it’s in short supply. Now fights over how to get more of it—and what projects to give priority to—are sending a powerful industry scrambling. Smart piece. @KateClarkTweets @erinkwoo @keachhagey @MeghanBobrowsky wsj.com/tech/ai/ai-computing… via @WSJ

The Desperate Hunt for AI Computing Power Is Upending Silicon Valley

Bitter rivals are forming alliances and executives are having to personally intervene over the scramble for resources to fuel the AI boom.

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New: My first story for @POLITICOMag is out today! A deep dive into what actually changed inside TikTok US after the Trump admin brokered a deal to split it off from its Chinese parent company ByteDance. politico.com/news/magazine/2…

Trump Vowed to Wall Off TikTok From China. Did He?

New details from inside TikTok US suggest notable operational ties remain to its former Beijing-based parent company.

politico.com
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Robbie Whelan@RWhelanWSJOct 6
Nvidia-backed cloud-computing company Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion in a final round of fundraising before the company’s planned IPO wsj.com/tech/ai/ai-neocloud-… via @WSJ

Exclusive | AI-Computing Startup Lambda Is Raising $4 Billion in Final Round Before Planned IPO

The Nvidia-backed company is targeting an IPO in 2027.

wsj.com
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Inside Google’s AI push into schools: "It slowed my thinking down" By @shalini, me and @reinmann_molly wsj.com/tech/ai/google-ai-ge…

Google Pushed AI Into Schools—and Even Students Say It’s Gone Too Far

The risks of cognitive and emotional dependence, along with falling test scores, are fueling a backlash.

wsj.com
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Max Zeff
@ZeffMaxOct 1
NEW: OpenAI has parted ways with three researchers that allegedly shared sensitive information with a third party AI safety organization. Developing... wsj.com/tech/ai/openai-parts…

Exclusive | OpenAI Fires Researchers for Allegedly Sharing Information with AI Safety Group

The startup, in the throes of responding to rogue AI incidents, said three employees violated policies for handling sensitive company data.

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Behind the scenes of Tuesday’s White House AI meeting, CEOs including Jensen Huang questioned Dario Amodei in the Roosevelt Room about his dire warnings about AI risks, a sign of lingering tension despite the show of unity. W/ @jdawsey1: wsj.com/tech/ai/tech-ceos-pr…
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Breaking Sydney Sweeney news (kinda) With @KateClarkTweets wsj.com/finance/sydney-sween…

Exclusive | Sydney Sweeney-Backed Novig Quadruples Valuation to $2 Billion

The sports-prediction market rose to popularity after racy ads featuring the actress.

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Breaking: Smart-ring maker Oura said it was delaying its planned IPO due to market uncertainty on.wsj.com/46QTCmB

Oura Postpones IPO Over Market Uncertainty

The smart-ring maker said it was delaying its listing despite strong demand.

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One of Anthropic’s earliest investors, Jaan Tallinn stands to make billions in the coming months from the artificial-intelligence company’s expected initial public offering. Concerns about AI motivated him to invest. Read more: 🔗 on.wsj.com/4ry13se
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keachhagey
@keachhageySep 27
Over the last few weeks, so many people have asked me: if people at Anthropic believe that AI has a meaningful chance of killing us all, why are they building it? @berber_jin1 and I did a deep dive into Anthropic’s relationship with effective altruism to try to explain how doomerism came to be so influential at the company. The tale took us to a group house in San Francisco, “clothing optional” swims in the Bahamas and a co-working space in Berkeley funded by an Anthropic investor’s money that has become a central gathering place for those most worried about the existential risk from AI.wsj.com/tech/ai/ai-safety-ef… via @WSJ

‘Things Will Never Be Chill Again’: The Doomers Who Shaped the AI Safety Freakout

Effective altruism and its fears that AI could wipe out humanity have wielded big influence at Anthropic.

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Jessica Toonkel
@jtoonkelSep 27
Amazing piece wsj.com/tech/ai/ai-safety-ef…

‘Things Will Never Be Chill Again’: The Doomers Who Shaped the AI Safety Freakout

Effective altruism and its fears that AI could wipe out humanity have wielded big influence at Anthropic.

wsj.com
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One of Anthropic’s earliest investors, Jaan Tallinn dances hip-hop and warns about “racing to build a technology that could end humanity.” on.wsj.com/4zjT98T

He’s Completely Terrified of AI—and He’s About to Make Billions Off It

One of Anthropic’s earliest investors, Jaan Tallinn dances hip-hop and warns about “racing to build a technology that could end humanity.”

wsj.com
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