Anthropic is increasingly launching applications that directly compete with its own enterprise customers, triggering fears in the software and AI startup sectors, The Information reported. This friction boiled over during Anthropic’s recent launch of Claude Design, when Figma dropped out of ... Read more ›
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Sorry. We have no SpaceX news (if you define news as something you don’t already know). The rocket-and-cloud firm on Thursday priced its IPO at the $135 offering number announced last week, as it was widely expected to. Check back tomorrow, when shares start to trade. (Here’s a clue about the possible opening price.) Not to be a wet blanket, but don’t forget that a more telling indicator of investor... Read more ›
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It’s finally here! SpaceX Thursday officially priced its IPO at $135 per share, valuing the company at around $1.75 trillion, capping a frenetic six month stretch that defied many of the norms of initial public offerings. If the IPO goes well, expect to see more space public offerings soon.Sierra Space, for one, has been taking steps towards an IPO that could happen as soon as this year, according to two... Read more ›
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Weeks before Anthropic in April revealed Claude Design, an AI tool for creating designs and software application prototypes, it asked firms including Figma and Canva to be “partners” of the launch announcement showcasing the tool’s capabilities. These two design firms, longtime Anthropic customers, saw the launch as an opportunity to show how its products could complement their own. But a few days before launch, Figma dropped out, and around the... Read more ›
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Crypto traders are pricing SpaceX perpetual contracts at $165 on exchanges such as Binance and Hyperliquid as of Thursday afternoon, about 20% higher than SpaceX’s IPO price of $135 per share. SpaceX stock is set to start trading on the Nasdaq Friday. Pre-IPO perpetual contracts is a new type of ... Read more ›
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SpaceX officially priced its initial public offering at $135 per share, the same figure as its earlier target, and the shares will start trading on Nasdaq on Friday, the company said in a filing. The take-it-or-leave-it approach upended Wall Street tradition where a company typically sets a ... Read more ›
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When Snowflake CEO Sridhar Ramaswamy and CFO Brian Robins face Wall Street analysts on quarterly earnings calls nowadays, they’re armed with material from an internally developed AI agent. The agent tells the two executives the questions they’re expecting the analysts to ask and provides suggested answers.The agent prepares that material in minutes, automating a process that used to take Snowflake staffers several weeks, according to Anahita Tafvizi, the company’s chief... Read more ›
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Private equity firm KKR, the Kuwait Investment Authority, Nvidia and power generation company Vistra launched a new company on Thursday to finance and help build AI data centers. Nvidia’s role as an anchor investor in Helix signifies another extension of the AI giant’s growing role in financing ... Read more ›
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Anthropic is moving forward with a plan to control its own servers for developing AI, giving it the ability to cut its computing costs in the long run. The maker of Claude in recent months has signed more than a dozen initial agreements, known as letters of intent, to lease data center facilities from various U.S. developers, according to several people with direct knowledge of the plans. Anthropic leaders have... Read more ›
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Meta Platforms has fully separated its operations from Manus after Chinese authorities ordered the companies to unwind their $2 billion acquisition deal, Bloomberg reported, citing people familiar with the matter. The parent of Facebook, Instagram and WhatsApp has halted data sharing with Manus, ... Read more ›
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We got big news in the past couple of days concerning a European court ruling against Google. But bear with me, this is not one of those knee-jerk anti-U.S. tech decisions we often see coming out of Europe. This ruling makes some sense—and could have broader implications for the AI sector. A court in Germany found that Google is responsible for what its AI models say in AI-written answers to... Read more ›
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Microsoft’s Xbox gaming unit plans to cut staff in the coming months as its financial picture worsens, according to someone with knowledge of the plans. In a note to staff Wednesday, CEO Asha Sharma said that Xbox’s “accountability margins”—a term Microsoft uses internally to refer to profit ... Read more ›
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Oracle reported 21% higher revenue of $19.2 billion in the three months to May, its final quarter for its fiscal year. The growth rate was slightly slower than the previous quarter although on a constant currency basis—adjusting for foreign exchange changes, Oracle’s growth rate ... Read more ›
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Anthropic CEO Dario Amodei released a policy framework on Wednesday that proposed a mechanism for Americans to acquire a financial stake in the gains from the AI industry. The paper argued for the establishment of capital accounts for newborn Americans, similar to the new Trump Account program, ... Read more ›
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Advertisers can now create ads for specific products on ChatGPT by sharing feeds of product information with OpenAI, according to communications sent to advertisers reviewed by The Information. For now, information from the product feeds will only be used to create ads and will not inform or ... Read more ›
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Good morning! When Elon Musk tweeted details about SpaceX’s agreement with Anthropic late last month, saying the business deal was less durable than advertised, many investors and commentators seized on the fact that the details weren’t in the company’s initial public offering prospectus filed with regulators.They were right to point that out, of course. Details of that nature—for instance, that SpaceX was guaranteed 180 days of revenue—should have been in... Read more ›
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OpenAI CEO Sam Altman told staff in a Slack message on Monday that he expects OpenAI to go public “within the next year” and that “many things could cause it to be sooner or later in that range, but filing now gives us optionality if we want to go sooner.” Another OpenAI leader also teased an ... Read more ›
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A German court ruled that Google was responsible for the accuracy of content in AI Overviews, the AI-generated answers that appear in Google search’s AI Overviews, in a potentially far-reaching ruling. The ruling, reported by the German publication The Decoder which linked to the judgement, ... Read more ›
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App developers finally got their first real look at Anthropic’s Mythos Tuesday when Anthropic released a somewhat neutered version of the model, Claude Fable 5, following weeks of breathless chatter about it.Developers who tried the new model said the AI largely deserved the hype. They said it thoroughly outperformed earlier Anthropic models in coding, general knowledge work and spatial reasoning, although questions touching on cybersecurity are routed to the weaker... Read more ›
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When Nasdaq CEO Adena Friedman took the stage at the Economic Club of Washington, D.C, in March, she wasn’t shy about how the company wields its stock indexes to woo business. In an interview with Carlyle Group Chair David Rubenstein, Friedman highlighted Nasdaq’s key distinction from rival exchanges: It also manages the influential Nasdaq-100 index, the benchmark whose rules dictate how roughly $800 billion worth of funds invest. That means... Read more ›
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OpenAI is in advanced negotiations to lease a proposed 10 gigawatt data center campus on federal land in Ohio as part of a deal that could include financial backing from Nvidia, according to two people with direct knowledge of the discussions. The campus under discussion would be among the biggest of its kind, with a total cost of at least $500 billion if fully built out based on today’s prices... Read more ›
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Can OpenAI do anything simply? Many companies, when publicly acknowledging the possibility of an IPO, emphasize that the final decision will depend in part on “market conditions.” That’s what OpenAI’s rival Anthropic did last week. But the ChatGPT firm chose to be more cryptic. Revealing its confidential IPO filing on Monday, OpenAI said it might hold off on its debut for a while “because there are things we want to... Read more ›
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It may not seem like it now, as we barrel toward SpaceX’s public debut this week, but not every initial public offering will involve a $1.75 trillion rocket-ship company. Soon enough, public investors may get to judge a much more down-to-earth business: school bus fleets. Sequoia Capital-backed Zum, known for using its electric school buses to shuttle kids to class in school districts including Los Angeles and San Francisco, has... Read more ›
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Prediction markets platform Kalshi is asking customers in some wagers to provide the name of their employer, industry and job function before making bets, to help the company crack down on potential insider trading. “For markets with heightened insider or manipulation risk, we now collect ... Read more ›
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Software companies and their shareholders have watched the recent growth of Anthropic and OpenAI with unease. But the mood is shifting as customers complain about AI costs, and the old guard smells blood in the water. Last week, Palantir CEO Alex Karp and his lieutenants told his customers at an event outside San Francisco that they’re foolish to do business directly with AI firms rather than with intermediaries like his... Read more ›
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Broadcom said Tuesday that it is launching a new fund—backed by Apollo and Blackstone—to help finance more than 20 gigawatts of AI data centers through 2028 using chips designed by Broadcom, including projects tied to Anthropic and OpenAI. Apollo will lead an initial $35 billion commitment to ... Read more ›
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SpaceX’s Starlink is hitting new roadblocks with regulators India over concerns about how its satellite internet service has been used in the Iran war, Bloomberg reported on Tuesday. Iranian regulators have not approved Starlink, but the U.S. has smuggled thousands of terminals into the country, ... Read more ›
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Big news: Anthropic has a new version of a Mythos-class model coming later today called Claude Fable, according to a person with knowledge of the release. It’s a neutered version of Mythos with safeguards to protect against its misuse either in cybersecurity hacks or the construction of bioweapons, the person said.For those who have been living under a rock, Anthropic first previewed Mythos in April, describing it as an ultra-powerful... Read more ›
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When Founders Fund earlier this year set out to raise its latest fund, a $6 billion vehicle to back mature startups like Anduril, it was the first time in the firm’s two-decade history it had asked its limited partners for more cash within two years of its prior fundraise. The reason: It had already blown through the $4.6 billion fund it raised last year, thanks to investments in seven startups,... Read more ›
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The U.S. Department of Defense on Monday added more than a dozen Chinese tech companies including Alibaba and Baidu to a blacklist, a move that could further escalate tensions between the world’s two largest economies. Electric vehicle makers Byd and Nio, humanoid maker Unitree, Yangtze Memory ... Read more ›
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12.06.2026 03:12
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