Anthropic told investors it will be profitable for a second straight
Sources: Anthropic told investors it will be profitable for a second straight quarter, with 80%+ gross margins before partner revenue sharing and training costs
TL;DRAnthropic claims it'll be profitable again, with very high margins on its AI products.
Why it matters: Proves AI companies can be cash-positive now, shifting investor focus from burn rates to sustainable economics before IPO.
AI-connected Asian stocks fell sharply following US tech leaders' call
TL;DRAsian AI stocks dropped 5%+ after US tech leaders called for slower AI development.
Sam Altman says "we welcome a federal framework" but "do not believe we
TL;DROpenAI's Altman backs federal AI rules but says companies shouldn't wait for laws.
Latest
Current and former officials: the US NSA plans major restructuring
NSA is reorganizing into five specialized units focused on AI, China, cyber threats, military ops, and intelligence.
SoftBank sealed a two-year loan facility
SoftBank borrowed $11.87B from 20 banks to fund its OpenAI stake.
OpenAI’s Altman Voices Support for ‘Pacing’ AI Development
Altman backs slowing AI development to keep human oversight ahead of capability.
Ligent Technologies Seeks $727 Million in Hong Kong IPO
AI chip network company Ligent seeks $727M in Hong Kong IPO amid AI boom.
Ed Conway on the Fragile World of Global Trade
Global supply chains are complex and fragile; decades of globalization may have increased economic vulnerability.
New method enables AI for safety-critical situations
New algorithm makes AI reliable enough for safety-critical jobs like medicine or aviation.
MIT spinout turns plastic waste into resilient building materials
MIT startup converts plastic waste into durable building materials for commercial use.
Beijing bans Drones in Broad Curbs After Citic Tower Crash
Beijing banned recreational drones following a plane crash into a major building.
Chinese Local Banks Urged to Boost Clients’ Yuan Hedging
Chinese regulators are pushing banks to help clients protect against yuan currency swings.