Amazon plans to invest up to $4bn in artificial intelligence start-up Anthropic, as the big tech group steps up its rivalry with Microsoft, Google and Nvidia to persuade AI companies to use its technology. The deal, announced on Monday, will see Amazon invest an initial $1.25bn for a minority stake in Anthropic. It is a bid to forge a close relationship with a prominent AI start-up akin to Microsoft’s alliance with OpenAI, the group behind ChatGPT.
Harding Loevner, an asset management company, released its “Global Equity Strategy” second-quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the strategy returned 8.02% net of fees compared to a 6.35% return for the MSCI All Country World Index and 7% for the MSCI World Index. Slowing inflation […]