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In Anthropic I.P.O., Goldman and Morgan Stanley Slug It Out for Top Bank

Anthropic named the Wall Street firms lead underwriters on its upcoming public offering, a role that will generate generous fees and enormous prestige.

© Victor Llorente for The New York Times

The Goldman Sachs headquarters, center, in Lower Manhattan.
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The Key Numbers From Anthropic’s IPO Filing

We broke down the A.I. company’s key figures, which give insight into the health of its business, its future plans and who’s in charge.

© Jason Henry for The New York Times

Anthropic’s Code W/ Claude event in San Francisco in May. In a filing, the company provided rare insight into the business of a “frontier” A.I. lab that makes cutting-edge A.I. models.
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Anthropic S-1 Reveals Rapid Growth Ahead of Blockbuster IPO

Ahead of what could be the largest public listing ever, Anthropic said revenue soared to $16.3 billion in the first half of the year, and it planned to spend $807 billion on A.I. infrastructure.

© Jason Henry for The New York Times

Anthropic, a powerhouse in A.I., is only five years old and seemingly came out of nowhere.
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Meta Earnings Show Increased A.I. Spending, Even as Cash Pressures Grow

The spending has hurt the Silicon Valley giant’s cash flow, which turned negative. Meta said it would issue a new class of stock to help it raise more money.

© Scott Ball for The New York Times

Construction of Meta’s Richland Parish Data Center in Holly Ridge, La.
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Keep Calm: The State and Responsibility for the Future

Not to be disheartened by adversity or elated by happiness—
that is the mark of a strong spirit and a mighty power.

Niccolò Machiavelli

 

Should we expect the future to be worse than before? As trivial as this might sound, it all depends on us. No matter how complex and confused, the international environment can be apprehended and adjusted, as well as managed. All the elements forming today’s global palette are obvious, and they existed before. Today, they have manifested themselves in a new quality (with greater intensity) and in a different sequence with everything happening all at once.

The accumulated experience must be treated as a guideline rather than a dogma, including negative experiences, which teach us what we should not do. The last three decades have been a case in point. There can be different ways of evaluating the intentions of those who shaped history in late 20th century, but the results that are visible today demonstrate that this stage in the development of international relations cannot and should not be replicated.

Instead of crowning global political development, this era was marked by the post-WWII model falling into crisis. In itself, this is not a tragedy since no system has ever been nor will be set in stone. Even the most outstanding projects have a limited lifespan.

Will the future be better for those living in today’s world compared to those who preceded them? Not necessarily. After all, future is always a set of probabilities that come to fruition to various degrees. There are specific patterns defining the way developments unfold, but it all depends on how responsible we are in our approach.

The expectation that the “end of history” would address all the challenges and lead us towards a brighter future for the so-called “last man” failed to materialise, which was to be expected.

If becoming the last man is not what people really want, they should realise that charting the future is not the apanage of neither natural forces, nor social development patterns, nor sophisticated robots, nor AI. It is in their hands. Taking responsibility for the future is not a slogan but a behavioural imperative. Over the course of history, humankind has invented so many effective ways of destroying itself ranging from physical annihilation to moral destruction. These are the fruits of progress too. We do not need a future that would be better than the past. We need a future that will not be worse. Overall, having a future is what matters the most.

Authors: Oleg Barabanov, Anton Bespalov, Timofei Bordachev, Fyodor Lukyanov, Andrey Sushentsov, Ivan Timofeev.

You can download the report here.

Valdai Discussion Club

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