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OpenAI has reportedly raised $11 billion so far in a new funding round that values the AI lab at $1.25 trillion. Bloomberg reported on the new funding on Friday, citing sources familiar with the matter. The $11 billion is part of a larger funding round that hasn’t closed yet, according to the outlet. The round…
Companies are using more AI than ever, but they’re not spending more on it. A new report from Ramp shows AI spending flatlined over late summer even as token volumes rose, a sign that price competition and savvier customers may be capping revenue for OpenAI and Anthropic. According to Ramp’s data, token spend only grew…
“Anthropic’s IPO timing threatened by AI backlash, historic tech rout” Investors are pushing for a more attractive valuation to commit to the offering, with some viewing the recently discussed $1.5 trillion valuation as being at the high end of expectations. If you liked the article, do not forget to share it with your friends. Follow…
“Voters reject data centers in nearly 50 ballot initiatives during midterms in major setback to AI bigwigs” Voters overwhelmingly rejected AI data centers on election night – dealing a major setback to Elon Musk and other tech bigwigs pushing a massive buildout. At least 50 ballot measures dealing with data centers — either allowing them…
Anthropic is working on an open-source system to verify which AI model produced a given output, according to a blog post published Tuesday. The system, called FlashProve, is built to provide what researchers call “provable inference” – a cryptographic proof, essentially a mathematical guarantee, that a given output came from a specific model. It’s meant…
Anthropic is expected to receive a high “junk” rating from credit rating agencies following its initial public offering, according to a report from the Financial Times. The FT says the investment giant Blackstone, the anchor investor in a recent $63 billion deal to finance Anthropic’s chips, told investors in the deal that it expects the…
The financials Anthropic shared with investors this week suggest that its AI coding tool, Claude Code, is every bit the business success the frontier lab wanted. The company recorded an operating profit in the second quarter, and 900% net revenue retention — that is, spending from the same customers in Q3 2025 grew nine times…
Many investors stand to win big when Anthropic goes public. Stakes held by firms including Menlo Ventures, Sequoia, Sound Ventures, and Spark Capital are expected to return billions. Yet according to Anthropic’s S-1, none of those VC firms owns 5%, the threshold for being included in the principal stockholders’ table. That’s highly unusual. In a…
Over the past year, concerns have swirled over the potential dangers posed by artificial intelligence, and debates have raged over the proper path for AI safety. Now, Anthropic appears to have put forth its own vision for how the government might regulate its industry. Politico recently reported that the AI lab has been shopping around…
Anthropic is having trouble securing enough cloud capacity from AWS, Google, and Microsoft, which increasingly see the Claude-maker as a competitor rather than a customer, according to an S-1 filing leaked to The Wall Street Journal. The leaked filing provides more color to the numbers Reuters and the Financial Times reported in late September, including…