Daily Summary

Anthropic raises $1B to sell AI tools to PE firms

Anthropic is partnering with private equity firms to launch a new venture, raising $1 billion to provide specialized AI tools directly to their portfolio companies.

• Sources: Anthropic plans to invest $200M in a new venture with PE firms to sell AI tools to their portfolio companies; it's in talks to raise $1B for the effort (Wall Street Journal)
• Sources: OpenAI, Anthropic, and Google are sharing information via the Frontier Model Forum to detect adversarial distillation attempts that violate their ToS (Bloomberg)

Samsung profits surge 8x on record-breaking AI chip sales

Samsung forecasts record-breaking profits driven by an eight-fold increase in earnings, fueled by strong demand for its AI chips despite global geopolitical tensions.

• Samsung Profit Up Eight-Fold After AI Chip Sales Defy War Fears (Bloomberg Technology)
• Samsung forecasts record profit on AI boom (Financial Times Tech)
• Australian AI infrastructure startup Firmus raised $505M led by Coatue at a $5.5B valuation (Ian King/Bloomberg)

JPMorgan CEO Dimon says AI will transform every function

Jamie Dimon confirms that AI is poised to impact virtually every function at JPMorgan Chase, signaling a massive operational transformation across the financial giant.

• Jamie Dimon Says AI Will Impact 'Virtually Every Function' at JPMorgan Chase (Decrypt)
• A look at Catches and other startups that are offering AI tools to let shoppers visualize fit and style before buying clothes (CNBC)