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#enterprise AI

Articles tagged enterprise AI.

AI Hasn't Paid Off Outside Tech Yet. Look at How Little Companies Spend on It
AI & ML

AI Hasn't Paid Off Outside Tech Yet. Look at How Little Companies Spend on It

Apollo's chief economist says AI has delivered zero financial payoff to the S&P 500 outside the biggest tech companies. Anthropic's S-1, filed the next day, says its Fortune 500 customers spend on average less than 0.1% of their expenses with it. Hank Reed on why both can be true.

Hank Reed
Anthropic's Opaque Deal: A License and Hire, and What It Leaves for Opaque's Customers
Startups & Funding

Anthropic's Opaque Deal: A License and Hire, and What It Leaves for Opaque's Customers

Anthropic has licensed Opaque's confidential computing technology and hired part of its team, a spokesperson told The Information. Terms were not disclosed. Opaque raised a $24 million Series B at a $300 million valuation in February, and its announcement says nothing about its product or customers.

Jordan Beck
Cognition Says It Passed $1B in Annualized Revenue, Doubling in Four Months
Startups & Funding

Cognition Says It Passed $1B in Annualized Revenue, Doubling in Four Months

Cognition said on September 25 that its annualized revenue run rate topped $1 billion, up from $492 million in May. It raised more than $2 billion at a $48 billion valuation on September 8, putting the mark near 48 times run rate.

Sam Whitaker
Dust Closes $65M Series B for Enterprise AI Agents at an Undisclosed Multiple
Startups & Funding

Dust Closes $65M Series B for Enterprise AI Agents at an Undisclosed Multiple

Dust raised $65M Series B for enterprise AI workplace agents on a busy May 18 funding day. It did not disclose the valuation.

Jordan Beck
Anthropic Just Won PwC. The First Big Four Partnership Validates the Embedded-Consulting Model.
AI & ML

Anthropic Just Won PwC. The First Big Four Partnership Validates the Embedded-Consulting Model.

Anthropic announced that PwC is deploying Claude across client engagements. The deal lands ten days after the Goldman-Blackstone enterprise services JV.

Maya Iverson
The AI Labs Are Quietly Turning Into Consulting Firms
Big Tech

The AI Labs Are Quietly Turning Into Consulting Firms

Anthropic just formed a $1.5B JV with Goldman, Blackstone, and Hellman & Friedman to embed engineers in mid-sized companies. This is the McKinsey playbook with model weights.

Hank Reed
OpenAI Spun Out a Venture Arm and Sold 19 Investors a Piece at $10B
Startups & Funding

OpenAI Spun Out a Venture Arm and Sold 19 Investors a Piece at $10B

OpenAI raised $4B at a $10B valuation for a new entity called The Development Company, with 19 outside investors and no dilution at the parent.

Jordan Beck
Anthropic Drops Ten Pre-Built Agents for Banks and Insurers
AI & ML

Anthropic Drops Ten Pre-Built Agents for Banks and Insurers

Anthropic released ten Claude-based agents for financial-services workflows such as pitchbook drafting, credit memos, and compliance escalation, moving banks from building agents to buying them.

Maya Iverson