OpenAI targets $1.25T valuation after $150B cut, signaling investor pushback
OpenAI reduces its valuation target to $1.25T, down from $1.4T, as investors resist high AI valuations amid market downturn.
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Anthropic offers $345k for a human writer to guide its executives
Anthropic seeks a high-paid executive communications writer to shape its leaders' thinking and messaging, despite its AI advancements.
Anthropic's $80B H1 2026 loss highlights AI's sky-high infrastructure costs
Anthropic reports a $80B net loss in H1 2026, driven by accounting charges and massive AI infrastructure spending.
Anthropic pledges 5% of shares to AI public benefit fund, with growth-based escalator
Anthropic commits 5% of shares to a public benefit fund, with an additional 2% for every 50% increase in company value.
Anthropic CEO Dario Amodei dedicates 40% of his time to culture amid $2 trillion IPO push
Anthropic CEO Dario Amodei spends 40% of his time on company culture as the AI firm targets a $2 trillion IPO
OpenAI's $50B revenue shortfall sinks AI stocks, including Nvidia and Oracle
OpenAI's $50B annualized revenue, lower than expected, drags down AI stocks like Nvidia and Oracle.
Anthropic weighs new model as GPT-6 Astra claims 13% of enterprise AI spend
Anthropic considers launching a new AI model to counter OpenAI's GPT-6 Astra, which now captures 13% of enterprise AI spending.
OpenAI's Sam Altman: AI doomsday risk 'absolutely' possible, IPO delayed to 2027
OpenAI CEO Sam Altman discusses AI's existential risks, delays IPO to 2027, and calls for global safety standards in a Fortune interview.
Zhipu and MiniMax post 400% and 283% revenue jumps, respectively, but losses mount
Zhipu and MiniMax report significant revenue growth but increased spending, with Zhipu's revenue reaching $136M and MiniMax's at $116.6M.
Anthropic's $2T IPO hinges on whether businesses pay for its priciest AI model
Anthropic aims for a $2T IPO, but customers favor cheaper models over its most advanced AI, Fable 5, raising growth concerns.
Anthropic nears $7B deal for Israeli AI startup Decart, outbidding Nvidia
Anthropic is close to acquiring Israeli AI startup Decart for $7B, despite a higher offer from Nvidia, as it prepares for a potential IPO.
OpenAI's $40B revenue run rate reshapes AI IPO landscape
OpenAI's annualized revenue hits $40B, signaling a potential shift in the AI IPO market and valuation expectations.
Oracle's $1T AI bet hinges on OpenAI data center leverage
Oracle's Larry Ellison bets big on AI with $1T data center investments for OpenAI, leveraging debt and equity.
Moonshot AI's $3.5B round lifts valuation to $35B, eyes $50B IPO
Moonshot AI secures $3.5B at $35B valuation, plans $50B IPO, with K3 model driving rapid growth and U.S.-China tensions.
OpenAI and Anthropic's AI models now free to compete globally at variable prices
OpenAI's GPT-5.6 and Anthropic's Fable 5 models are now free for global release, ending US restrictions.