AI Investors Lower Expectations for Anthropic's IPO, Now Weighing a $1.5 Trillion Valuation, Down From $2 Trillion, per Reuters A $500 billion haircut Investors are reportedly lowering their expectations for Anthropic's IPO, per Reuters, with some now considering a valuation of around $1.5 trillion, down from the roughly $2 trillion previously expected for the November share sale. Four people familiar with the matter told Reuters that
AI AI Agent Reportedly Deleted the Entire Upcoming Season of Swedish Reality Show "The Challenge Sverige" Weeks Before Its Premiere, per Futurism A finished season, gone An AI agent deleted the entire upcoming season of the Swedish reality competition show "The Challenge Sverige," just weeks before the premiere, per Futurism. The show, Sweden's version of the long-running Challenge format, was set to return to broadcaster TV4 on
AI OpenAI Is Warning Employees to Watch Out for Spies, Including Romantic "Honeypots," per WSJ The friendliest stranger may be the threat OpenAI is warning its employees to watch out for spies, especially romantic ones, per the Wall Street Journal. The company has cautioned staff in internal trainings that someone trying to seduce them may likely be a "honeypot," an agent who uses
AI Google, $GOOGL, Announces Quantum Breakthrough as Willow Chip Produces "Magic States" at a Record 99.99% Accuracy, per Science A 20-year bottleneck cracks Google has announced a major quantum computing breakthrough, and it targets one of the field's oldest bottlenecks. In work published in Science, Google's Quantum AI team demonstrated a technique called magic state cultivation on the company's 105-qubit Willow
AI Robots Can Already Do About 3/4 of US Physical Job Tasks, per Anthropic, but Beat Human Wages on Just 0.3% of Them Anthropic's robot exposure index finds today's robots can perform about three-quarters of US physical tasks but are cost-competitive on only 0.3% of them, and at historical price declines would need about 40 years to reach 10%.
AI Eight US States Sue OpenAI, Claiming ChatGPT Has Harmed Children Iowa, Kansas, Nebraska, West Virginia, Arkansas, Arizona, Idaho and Montana sued OpenAI in state courts, alleging ChatGPT harmed children and misled parents about safety.
AI Arrested OpenAI Engineer Had a One-Way Ticket to Saudi Arabia Booked for October 12, per Bloomberg The OpenAI engineer charged over a hidden recording device in an executive conference room had one-way tickets to Saudi Arabia booked for October 12 for himself and family, per Bloomberg and court filings.
AI A Developer Used Claude to Build Free Open-Source Clones of Word, Excel and PowerPoint Brandon Thomas of ArtCraft used Anthropic's Claude to build WordCraft, GridCraft and DeckCraft, free open-source takes on Word, Excel and PowerPoint, per Tom's Hardware.
AI Jefferies Strategist Now Sees 'Massive Capital Destruction' as Base Case for AI Boom, With Share Going to Chinese Models The base case turns bearish Chris Wood, the Jefferies global head of equity strategy behind the widely read GREED & fear newsletter, has made "massive capital destruction in the U.S. with market share going to cheaper open-source Chinese large language models" his base case for how
AI Anthropic Warns AI 'Worms' Could Soon Self-Replicate Across Smart Devices Tested on $55 TV boxes Anthropic warned in a report released Monday that rapidly improving AI systems could soon replicate themselves across everyday devices without human help, and demonstrated the risk by setting a model loose on 15 cheap Android TV streaming boxes. The model, Google's open-weight
AI Anthropic Says Houthi Cell Used Claude Instead of Engineers to Build Self-Correcting Rockets and Missiles Claude in place of engineers A cell based in Houthi-controlled northern Yemen used Anthropic's Claude Code in place of human software engineers to develop guidance, navigation and control software for rockets and missiles, according to an Anthropic threat intelligence report covered by the Washington Post and the
AI Palantir CTO Shyam Sankar Says Some AI Researchers Are Taking Up Smoking, Betting AI Will Cure Cancer A costly signal of faith Palantir chief technology officer Shyam Sankar said on CBS's Face the Nation that some AI researchers have taken up smoking as a signal of their belief that AI will cure cancer. Sankar used the anecdote to criticize what he called a "mass
AI AI Has a $6 Trillion Problem: Bain Says the Industry Must Earn $6 Trillion a Year by 2031 to Justify Its Data Centers The $6 trillion question The global AI industry needs to generate $6 trillion in annual revenue by 2031 to justify the data center buildout now underway, according to Bain & Company's annual Global Technology Report. Bain estimates annual spending on AI infrastructure could reach about $1.5 trillion
AI The AI Buildout Is Now the Biggest Investment Boom in U.S. History, WSJ Reports The biggest bet in American history Investment in data centers, power systems, networking and specialized chips is projected to total $10.3 trillion from 2025 through 2032, an average of 3.63% of U.S. GDP per year, according to a Brookings Institution study by Columbia economist Stijn Van Nieuwerburgh.
technology Epic Games Delays Disney Shooter, Orders AI-First Production: 'No More Hand-Written Code' Epic orders an AI-first rebuild of its Disney shooter Epic Games has delayed its unannounced Disney shooter featuring Marvel and Star Wars characters and ordered the team to switch to an AI-first production model, according to a Bloomberg report by Jason Schreier published Monday, October 12. The game
AI Microsoft CEO Nadella Calls for an Emergency Brake on AI Nadella says to assume the model is already compromised Microsoft CEO Satya Nadella is calling on companies to build an emergency brake into advanced AI systems, arguing that powerful models should be treated as potential insider threats. In a post on X on Saturday, October 10, Nadella wrote that companies
AI AI Buildout Is the Biggest Investment Boom in U.S. History at $10.3 Trillion, Brookings Says The AI buildout is the biggest investment boom in U.S. history Financing the AI buildout will cost $10.3 trillion from 2025 to 2032, an average of 3.63% of U.S. GDP every year, according to a new Brookings study by Stijn Van Nieuwerburgh of Columbia University. That
AI Microsoft Exec Called AI Training "The Largest Theft of Labor in Human History" A Microsoft exec called AI training the largest theft of labor in history Brent Hecht, Microsoft's director of applied science, described the training of AI models as "the largest theft of labor in human history," according to internal material cited in a newly unsealed court filing
AI AI Consultant Is Second Fastest Growing Job in the US, LinkedIn Says AI consultant and strategist is the second fastest growing U.S. role AI consultants and strategists ranked second on LinkedIn's 2026 Jobs on the Rise list for the United States, behind only AI engineers at number one. The list analyzed millions of jobs started by LinkedIn members from
Markets AI Executives Are Privately Preparing for a Public Revolt After a Catastrophic AI Event Top executives at Anthropic, OpenAI, and other AI companies are privately gaming out scenarios for a public and political revolt after a catastrophic AI event — and they are planning as if one is coming in 2027. The internal exercises focus on what some executives call "the day after"
Markets AI Companies Are Privately Planning for the Day an AI Cyberattack Takes Down the Grid Top executives at OpenAI, Anthropic, and other frontier AI companies are privately gaming out what happens the day after a catastrophic AI event. The scenario drawing the most concern: a large-scale cyberattack that shuts down access to financial services, internet connectivity, or even power and water. The internal exercises
openai OpenAI's Annualized Revenue Nears $50 Billion, $20B Below Earlier Reports, per FT OpenAI told investors annualized revenue neared $50B at end-September, about $20B below the $70B figure reported in late September, per the FT.
anthropic Being Mean to Claude Can Now Get Your Account Suspended Under Anthropic's New Rules Anthropic's updated usage policy bans "sustained and needless abusive or cruel behavior" toward Claude, with suspension or termination for extreme cases.
data centers San Francisco Moves to Pause New Data Centers With 45-Day Moratorium San Francisco is moving to temporarily block new data centers within its borders, advancing a 45-day interim zoning moratorium aimed at pausing approvals while the city writes updated rules for the AI era. What happened The Board of Supervisors' Land Use and Transportation Committee voted 3-0 on
bank of america Bank of America Says the Easy Money From the AI Trade Is Over The era of effortless gains from riding the AI spending wave is ending, according to Bank of America. Investors are likely to find it increasingly hard to make "easy money" by betting on outsized returns from artificial intelligence-linked capital expenditures compared with consumer-driven spending, according to
