Amazon has entered into a strategic investment in San Francisco-based Anthropic, founded by former members of OpenAI. The AI startup will train and deploy future models using AWS Trainium and Inferentia chips to train and deploy future foundation models with AWS as its primary cloud provider. In turn, Amazon says it will invest up to $4 billion in Anthropic, as it strives to compete with other technology firms in the race to develop generative AI, seeding growth for what is shaping up to be an entirely new economic and social landscape. Read more

AI tech startup Capsule is debuting a video editor it says can help enterprise teams achieve results “10x faster.” “Today, if you work at a large company — in marketing or comms, or maybe even sales or HR — creating even the simplest video can be daunting,” Capsule suggests. After querying more than 300 such enterprise teams about their pain points, Capsule focused on three areas of improvement: simplifying motion graphics, adhering to strict brand guidelines, and making the editing process more collaborative among teams across desktop and mobile, where apps are typically “siloed.” Read more

Passkeys — a secure way to login to accounts without passwords — are back in the news as a bevy of companies lend their support to the cryptographic technology. Windows 11, GitHub and Nintendo are among the latest to go passwordless. The standard, which began gaining momentum last year, has also been embraced by companies including Apple, Google, the FIDO Alliance and the World Wide Web Consortium. Each passkey involves two keys — one public and registered with an online service or app, and one private and stored on individual devices, like smartphones or computers. Read more

Cisco is poised to make its biggest acquisition ever, with an agreement in place to buy cybersecurity firm Splunk for $28 billion. Cisco, which turns 30 next year, is a global leader in the manufacture of computer networking equipment. Splunk is a 20-year-old company with more than 1,100 patents and a business built around keeping systems and data safe, resolving technical issues and minimizing the risk of hacks, most recently introducing new AI-based services. The companies expect the deal to close in late 2024. Cisco CEO Chuck Robbins says the deal will be financed with a combination of cash and debt. Read more

During its Surface and AI event in New York City on Thursday, Microsoft introduced a pair of new Surface laptops and an array of generative AI upgrades to Bing Chat, Windows Copilot and more. Taking center stage in hardware was the company’s more powerful Surface Laptop Studio 2 and the ultra-portable Surface Laptop Go 3. Also unveiled was the Surface Go 4 for Business, the latest miniature version of its Surface Pro tablet, and the company’s large touchscreen Surface Hub, designed for office use. Beginning this month, Microsoft rolls out Copilot — “your everyday AI companion” — in a free Windows 11 update, followed by Bing, Edge, and Microsoft 365 this fall. Read more