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Mar 12, 2025
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Happy hump day! Anthropic reaches $1.4 billion in annualized revenue. TSMC pitches Intel foundry joint venture idea to Nvidia, AMD and others. OpenAI releases new tools to help developers build agents.
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Anthropic has reached $1.4 billion in annualized revenue as of this month, according to a person with direct knowledge of the company’s finances, implying monthly revenue of around $116 million. The OpenAI competitor’s revenue has increased from the $1 billion in annualized revenue that Anthropic hit at the end of 2024, thanks to sales of API and chatbot sales. Anthropic, which was recently valued at $61.5 billion, has told investors it plans to generate up to $3.7 billion in revenue for the year and reduce its cash by nearly half this year from $5.6
billion last year. To aid in those financial ambitions, the company recently released a new reasoning model, Claude 3.7, and Claude Code, a coding assistant.
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Taiwan Semiconductor Manufacturing Company has pitched to Nvidia, Advanced Micro Devices, Broadcom, and Qualcomm about taking a stake in a joint venture to operate Intel’s loss-making foundry division, which manufactures chips for companies based on their designs and specifications, Reuters reported on Wednesday. Under the proposal, TSMC would oversee the operations of Intel’s semiconductor manufacturing facilities while retaining less than a 50% ownership stake, according to Reuters. The initiative is in response to a Trump administration request that TSMC help restore Intel as part of a broader effort to strengthen advanced manufacturing within the U.S. However, the administration doesn’t want foreign companies like TSMC to fully own Intel or its chipmaking unit, the report added. Discussions regarding TSMC’s potential involvement have started before TSMC’s announcement last week to invest $100 billion in the U.S. to build five new chip facilities in the U.S., and have continued since. Intel has faced significant financial difficulties in recent years. The company reported a net loss of $18.8 billion for 2024, its first annual loss since 1986. Intel’s stock price has declined by more than 50% over the past year , as the company struggles to catch up with TSMC. Intel former CEO Pat Gelsinger was forced out by the board in December.
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OpenAI on Tuesday released a set of new application programming interfaces and tools to help developers build agents, software that can take actions on behalf of customers, according to a company blog post. These include tools to help developers make agents that can search the web and cite websites, search company files and use a customer’s web browser to do data entry or test out web apps for bugs. The tools also help developers monitor and troubleshoot those agents. These tools will allow developers to build apps similar to Manus, a new computer-using agent that gained notoriety after showing it can complete tasks such as browsing multiple websites to analyze stocks or look for properties to buy. Numerous other enterprise software firms such as Microsoft and Salesforce are also selling tools for customers to automate customer service and other tasks that require more than one action.
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Manus, a new artificial intelligence agent that has gone viral on social media, announced that it is teaming up with Alibaba Group to offer its service to users in China. Manus, launched last week on an invitation-only basis, has attracted a lot of attention based on a demo video that impressed many AI industry watchers, but the global product isn’t optimized for Chinese users who want to use it. In a statement on Chinese social media site Weibo on Tuesday, Manus said it will work with Alibaba’s team that develops the Qwen open-source AI foundation models to support the AI agent’s functions in China on domestic models and computing platforms. Manus, developed in China by a Singapore-registered company called Butterfly Effect, uses Anthropic’s Claude 3.7 Sonnet AI model to help power its AI agent. Its website
requires Google accounts for signups. In China, the government blocks Google and many other U.S. internet services, and AI models from U.S. companies like Anthropic and OpenAI haven’t been approved by regulators.
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