Is demand for artificial intelligence boosting commercial estate? Prologis says yes.
The San Francisco-based real estate titan is seeing demand for data centers grow.
CEO Hamid Moghadam said in a recent earnings report that he has “tremendous confidence in future growth” of data centers and energy facilities for the AI sector.
Full story: Prologis: AI-driven demand is boosting industrial property outlook
Partnerships
San Francisco startup Anthropic is working with Menlo Ventures on a new $100 million early-stage fund.
Menlo Ventures is providing the capital for the fund and Anthropic will provide new portfolio companies $25,000 credits to use the startup's large language models.
"We’re excited to announce the Anthology Fund – a new partnership with Menlo Ventures to accelerate the development of groundbreaking AI applications. We're particularly interested in ventures that leverage AI to enhance human capabilities and productivity in fields such as healthcare, legal services, education, energy, infrastructure and scientific research," Anthropic co-founder and President Daniela Amodei wrote on LinkedIn. CNBC has more details.
M&A Watch
Nvidia is acquiring San Francisco-based Brev, a three-year-old cloud development software provider. The terms of the deal were not disclosed.
"Brev’s goal is to build the easiest way for AI/ML developers to use a GPU. Teaming up with Nvidia means being able to deliver on that mission by pairing the most powerful hardware with the industry leading software," the company wrote on LinkedIn.
Rules and regulations
OpenAI makes its staff sign illegally prohibitive employment agreements that attempt to tamp down on complaints made to federal regulators, "one or more" whistleblowers allege in a letter sent to the U.S. Securities and Exchange Commission.
In a letter dated July 1, the whistleblowers contend that there have been illegal provisions in employment agreements such as severance, non-disparagement and non-disclosure clauses, the Washington Post reported on Sunday.
The letter doesn't specify exactly how many people filed the SEC complaint but says it represents "one or more anonymous and confidential whistleblower(s)" who allege "systemic violations" of securities-related laws including the Dodd-Frank Act of 2010.
Full story: OpenAI whistleblowers claim company stifles SEC complaints
The FTC is reportedly looking into Amazon's recent move to poach top executives, including its CEO David Luan, from San Francisco-based Adept. Bloomberg News has more details.
Funding rounds to know
Fei-Fei Li has reportedly raised around $100 million at a more than $1 billion valuation for her new startup called World Labs, the Financial Times reported. Li is the head of Stanford University's Human-Centered AI institute and is considered the "godmother of AI."
Must reads
AI Raising the Rent? San Francisco Could Be the First City to Ban the Practice -KQED
Trump allies draft AI order to launch ‘Manhattan Projects’ for defense -WaPo
Apple, Nvidia, Anthropic Used Thousands of Swiped YouTube Videos to Train AI -Wired
Biden’s top tech adviser says AI is a ‘today problem’ -the Verge
In the Age of A.I., How Much Is Silicon Valley Prepared to Give Back? -NYT
