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Amazon (AMZN)-backed Anthropic released its latest artificial intelligence (AI) product Wednesday, Claude Enterprise, a version of its AI chatbot designed for businesses.

Anthropic said that early customers like GitLab and another AI venture, Midjourney, have used the service for a variety of tasks, from brainstorming to writing code, creating a variety of content for employees.

Employees will be able to upload documents to Claude to help the product better understand an organization's data and provide "deep, function-specific guidance," the company said. The price of Claude Enterprise will vary by company, depending on how much it's used and the number of employees with access, according to .

Anthropic said the service will collaborate with other previously released Claude features like Artifacts, which puts content like code or images created by the AI into a separate window and allows for minor edits and detailed feedback, making it an "end-to-end solution" for developing an idea into an end product.

Anthropic has received the backing of tech giants like Amazon and Alphabet's (GOOGL) Google as it has developed its Claude chatbot to compete with other popular AI products like OpenAI's ChatGPT, which is backed by Microsoft (MSFT).

The vast amount of money companies have spent on AI development has come under increasing scrutiny in recent quarters, with some analysts and investors looking for more detailed plans for how the projects will develop enough revenue to be profitable in the long run given the high operating costs.

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Nordstrom (JWN) Chief Executive Officer (CEO) Erik Nordstrom and other members of the company’s founding family have made a bid to take the fashion retailer private for $23 per share, according to n Securities and Exchange Commission (SEC) filing.

On Tuesday, Erik Nordstrom and Peter Nordstrom, the company's president, together with El Puerto de Liverpool, submitted a non-binding letter containing the offer. The Nordstrom family owns a 33.4% stake in the company, while Liverpool, a department store operator based in Mexico, owns nearly 10%. 

The offer, which values the company at about $3.76 billion, is a less than 1% premium on Tuesday’s closing price. It comes months after a report said people familiar with the matter indicated that the family was exploring a potential deal.

The Nordstrom family has made prior attempts to take the company private. In 2017, a group of family members made a similar effort that was ultimately suspended, and in March 2018, Nordstrom's board rejected a higher, roughly $8.4 billion, bid from the founding family. 

Erik and Peter Nordstrom are the great-grandsons of John Nordstrom, who founded the company in 1901.

Shares of Nordstrom were up 0.4% at $22.92 in early afternoon trading Wednesday. So far this year, they've added nearly a quarter of their value.

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A woman who joined forces with her two children to ‘hug’ up her 75-year-old husband has been arrested by police operatives in Anambra State.

The suspect, Esther Obidigwe, was arrested alongside her two children, identified as Ozioma and Obuka, in Awba-Ofemili, Awka North local government area of the state.

The arrest followed a report from the victim, Mr Romanus Obidigwe, which he tabled at the Ministry of Women and Social Welfare.

Obidigwe, a retired senior civil servant, while narrating his ordeal at the Ministry, said: “My family has been mistreating me. In this particular incident, my daughter, Ozioma, sold my firewood without my consent and when I confronted her, she, her mother and brother p%unced on me, restrained me and caused inj¥ri£§.

It took the intervention of a neighbour before they stopped, after which they locked me out of my compound.

They have since stopped feeding me which I accepted in good faith, yet, they usually st€al from me, especially my first son. He even went to the extent of claiming my benefits at the Local Government Area I retired from.

Just for peace to reign, I submitted to my wife’s compulsory “no s+xual relationship” since the year 2000 till date.”

Responding to the allegations, the first son of the victim, Obuka, denied being present when the incident happened while his wife, Mrs Esther Obidigwe confessed to the crime.

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Intel (INTC) shares extended their losses Wednesday amid a stretch of bad news, as reported that recent tests of the chip giant's most advanced manufacturing process conducted by Broadcom (AVGO) failed.

Silicon wafers, which chips are printed on, reportedly were returned to Broadcom last month after they were run through Intel's 18A manufacturing process. A review by Broadcom engineers found that the process isn't ready to be used for high-volume production, said

Intel and Broadcom did not immediately respond to requests for comment.

While many chip stocks have surged amid artificial intelligence (AI) demand, Intel shares have lost about 60% of their value since the start of 2024.

Those struggles have accelerated over the last month, with a disappointing earnings report and the announcement that it would lay off about 15% of its employees as part of a larger cost-cutting plan. The earnings report sent shares 26% lower the day after it was released, to their lowest point in over a decade.

The earnings-related fall was followed by reports that concerns have emerged over the company's planned construction of two new facilities in Germany. On Tuesday, shares were driven lower by a report that executives are preparing to present plans to cut costs and sell assets amid the company's struggles, and concerns that Intel could potentially face removal from the Dow Jones Industrial Average (DJIA).

Intel shares were 2% lower at $19.67 early Wednesday afternoon.

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