TNB Tech Minute: Anthropic Spends $20 Million In AI Regulation Push Ahead of Midterms

0.031 - 16.588 Julie Chang

Here's your morning TNB Tech Minute for Thursday, February 12th. I'm Julie Chang for The Wall Street Journal. Anthropic is spending $20 million ahead of the midterm elections to push for greater AI regulation and restrictions on exporting AI chips.

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The AI startup announced today that it donated to Public First, a group pushing for AI guardrails and transparency. Public First was set up to oppose a super-packed network launched by OpenAI executives and venture firm Andreessen Horwitz to fight what they say is burdensome regulation. How to regulate AI is expected to play a key role in November's elections.

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News Corp, owner of The Wall Street Journal, has a content licensing partnership with OpenAI. Elon Musk announced a reorganization on staff departures at his AI startup, XAI, following its merger with SpaceX, which acquired XAI for $250 billion earlier this month.

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Two of XAI's co-founders confirmed their departures on X. At a company all-hands meeting yesterday, Musk unveiled a new organizational structure for XAI that divides the company into four main teams.

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One focused on the AI chatbot Grok, another devoted to a coding-specific AI model, a third working on its image generation model, and a fourth pursuing a project dubbed MacroHard aimed at simulating software products with AI.

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And Lenovo Group, the world's largest personal computer maker, recorded an 18% revenue increase to a record $22.2 billion in its third quarter, driven by device sales and AI servers. The better-than-expected results come against a backdrop of surging memory chip prices disrupting the consumer electronics market.