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Tech Across the Globe

Another Meta poach: Apple has lost its fourth AI researcher in a month to Meta. Bowen Zhang, a key multimodal AI researcher at Apple, is set to join Mark Zuckerberg’s superintelligence team.

Made-in-India: India has overtaken China to become the top source of smartphones sold in the US, after Apple shifted to assemble more of its iPhones in the South Asian country.

Spotify’s spending: Spotify swung to a loss in the second quarter, missing analysts’ estimates after the music-streaming service recorded higher-than-expected expenses related to employee compensation. 

Revalued

Anthropic is nearing a deal to raise as much as $5 billion in a new round of funding that would value the artificial intelligence startup at $170 billion, more than doubling its previous valuation of $61.5 billion earlier this year. Investment firm Iconiq Capital is leading the round, which may involve a second lead investor.

Must Read

Palantir Technologies, a leading provider of data and AI software to the US government, has a stock structure that gives control to a small group of founders who run the company from the executive suite and the boardroom, reports Lizette Chapman in today’s Tech In Depth. The voting control lets the company plow ahead with its plans without regard to outside pressure, she writes.

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This Week in Screentime

Trey Parker and Matt Stone, the creators of South Park, never expected to be involved in the Paramount sale saga, reports Lucas Shaw in this week’s Screentime. But their negotiations, which ultimately led to a $1.25 billion deal, spilled over into Skydance Media executive David Ellison’s acquisition of the news and entertainment company, he writes.

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