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

New York, NY
Joined February 2013
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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Last month, OpenAI called in the three outspoken safety researchers and asked them to unlock their personal phones. It was conducting a leak investigation into a story in The Information about Astra’s use of opaque architectures, and the company’s plans to continue down that path. A week later, at 2 p.m., they were all fired. Our story, w/ @ZeffMax and @berber_jin1 , looks at the battle over how much AI companies should share with third-party monitors like METR and Redwood to ensure AI safety wsj.com/tech/ai/the-signal-c… via @WSJ
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New: The three researchers OpenAI fired last month spent the summer fighting to keep AI's chain-of-thought process visible. Then, OpenAI asked to see their Signal chats. A week later, they were let go. More below from @keachhagey, @berber_jin1, and me. wsj.com/tech/ai/the-signal-c…
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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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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…
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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
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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…
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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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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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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
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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…
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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
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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: Smart-ring maker Oura said it was delaying its planned IPO due to market uncertainty on.wsj.com/46QTCmB
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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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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
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