Anthropic’s Revenue Tops OpenAI’s as the AI Rivalry Tilts
Anthropic’s second-quarter revenue reached roughly $11.5 billion to $12 billion, according to a Wall Street Journal review of financial documents, surpassing OpenAI’s $6.7 billion in the same period for the…
NASA Opens $100 Million Contract to Four Companies, SpaceX Left Out
NASA has chosen four companies, All Points Logistics, Blue Origin, Firefly Aerospace, and L3Harris, to compete for a $100 million contract covering the handling of spacecraft and rocket hardware, the…
SpaceX Discloses Shareholder List as 319 Million Shares Come Free
SpaceX, in its latest regulatory filing, laid out who owns the rocket company, and the list reads like a roll call of the modern technology economy. Elon Musk holds 48.4%…
OpenAI Launches ChatGPT for Teens With Parental Controls
OpenAI on Aug. 18 released a dedicated version of ChatGPT for teenagers, bundling parental controls with study-oriented features in an effort to answer months of questions about minors using the…
Tesla’s Robotaxi Debuts Days Away, Nevada Approves 10 Vehicles
Inside Tesla’s Austin headquarters, employees are queuing for test rides in the Cybercab, the robotaxi the company has promised for years. The first rides for staff are underway, and the…
Samsung Display Restarts Foldable-Screen Plant After Five-Year Pause
Construction crews are preparing to return to a site in Asan, South Korea, that has stood idle since 2021. Samsung Display, the display-making arm of Samsung Group, has approved the…
Thrive Capital’s First Letter Warns of AI Hype While Trimming OpenAI
NEW YORK — Joshua Kushner’s first formal letter to investors reads like the note of a man who has seen the top of the market before. Thrive Capital, the venture…
SpaceX Closes $60 Billion All-Stock Deal for Cursor
CAPE CANAVERAL, Fla. — The merger agreement was signed in June, priced in shares rather than cash, and on Thursday the paperwork landed with regulators: SpaceX has completed its acquisition…
Anthropic’s Q2 Revenue Jumps 14-Fold Ahead of a Blockbuster IPO
SAN FRANCISCO — The filing landed with the Securities and Exchange Commission in June, wrapped in the confidentiality that American law grants companies preparing to go public. The number inside…
Hedge Funds Trade Pure Semiconductors for AI Applications in Second-Quarter Filings
The 13F filings that arrived last month describe a coordinated shift. Stanley Druckenmiller’s fund added to its positions in Amazon and AMD during the second quarter while selling or eliminating…
