The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform.
The company is taking a modular approach to designing these chips, anticipating that their needs will change as AI evolves rapidly by the time the chips are in production.
After 18 years of focusing on Europe, early-stage investor Seedcamp said that it has raised $320 million for its latest fund, which will see it expanding its presence in the United States.
Unlike many of his tech industry peers who have cut thousands of jobs citing the need to restructure to make the most of AI, Robinhood's CEO Vlad Tenev conspicuously made no mention of AI in his note about layoffs.
The funding round was led by Norwest, with participation from S Capital VC, Cerca Partners, and Oceans Ventures. Snowflake Ventures also participated as a strategic investor.
Microsoft on Tuesday took the wraps off Adaptive Spec-driven Scoring for Evaluation and Regression Testing, an open source framework for spinning up AI evaluations.
Large exchanges are designing derivative products around AI tokens, which are increasingly being considered less a computational output and more a raw material input, like electricity or bandwidth.
In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver better AI products.
"Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, offered by these firms is void and will not be recognized on our books and records," the company's support page reads.