#generalatlantic

US Top News and Analysis | Nvidia-backed $5 billion AI company tells CNBC it's launching major expansion in London AI generated summary, Read the full article for complete information. American AI company Runway, backed by Nvidia and recently valued at $5.3 billion after a $315 million Series E round, announced it will make London its new European headquarters and invest more than $200 million in the U.K.’s AI ecosystem by 2028. The move follows other U.S. AI firms such as Anthropic, OpenAI and Google expanding into the city to tap its commercial opportunities and talent pool. Runway, which builds “world models” that can learn from multimodal inputs like audio, images and video, will bring its pioneering research and video‑generation tools to the UK, aiming to support breakthroughs across film, gaming, science and robotics while serving major European customers such as the BBC, Fremantle and WPP. Read more: https://www.cnbc.com/2026/06/01/nvidia-backed-runway-london-expansion.html #Nvidia #Runway #GeneralAtlantic #AMDVentures #CristbalValenzuela #AlejandroMatamalaOrtiz #AnastasisGermanidis #KanishkaNarayan

qwant news | New Anthropic, Blackstone-backed AI services firm acquires Fractional AI - SiliconANGLE AI generated summary, Read the full article for complete information. A newly formed artificial‑intelligence‑native enterprise services firm—backed by Anthropic, Blackstone, Hellman & Friedman, Goldman Sachs and other investors with a combined $1.5 billion commitment—has acquired Fractional AI, a San‑Francisco‑based applied‑AI services company founded in 2024 by Chris Taylor, Eddie Siegel and Travis May. The acquisition gives the still‑unnamed venture an experienced delivery team ready to embed generative‑AI models such as Claude into mid‑market businesses’ core operations, moving beyond traditional consulting by sending engineers to rebuild client systems around frontier models. The firm plans to initially serve Blackstone’s portfolio companies across healthcare, manufacturing, financial services, retail and real‑estate before expanding more broadly, and the deal comes as Anthropic deepens its enterprise reach through new alliances with KPMG, PwC and Deloitte. Read more: https://siliconangle.com/2026/05/21/new-anthropic-blackstone-backed-ai-services-firm-acquires-fractional-ai/ #Anthropic #Blackstone #GoldmanSachs #FractionalAI #GeneralAtlantic #ChrisTaylor #EddieSiegel #TravisMay #GarvanDoyle