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Business and funding
Business and investment in science and tech: startups, funding rounds, markets and company strategy.
- Anthropic hires fewer junior technical roles
By August, AI agent hours exceeded employee hours six to one, making human attention the bottleneck. Productivity increased as staff adopted new AI tools.
- Meta removed the scraping clause from its terms
The company retracted a policy update that allowed using content from business domains to train AI models. The new terms now apply only to advertising products.
- Vinod Khosla backs Factory CEO Chris Degnan
Benchmark partners acknowledged that the AI boom is straining the unwritten rule against funding competing companies. The conflict between Factory and Cognition, involving a board observer moving to a rival, exemplifies this erosion.
- Scimplify raises $25 million to expand AI production
The Bengaluru-based company secures funding to develop AI-driven production of specialty chemicals and critical materials for semiconductors and energy sectors. Investors include Hitachi Ventures, Henkel, and Teknor Apex.
- Clinical trials for CAR T-cell therapies halted
Shares of CRISPR genome-editing firm Caribou fell 62% after announcing workforce reductions and pausing trials for two allogeneic CAR-T therapies. The company's staff numbered 97 people as of February 27.
