Akamai Stock Surges After Landing $11.6 Billion Anthropic AI Cloud Deal
Akamai shares surged after Anthropic committed $11.6 billion to the company’s cloud infrastructure over seven years, transforming the scale of its AI computing business.
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Akamai shares surged after Anthropic committed $11.6 billion to the company’s cloud infrastructure over seven years, transforming the scale of its AI computing business.
Meta has unveiled 100-gram VR Glasses that move their computing hardware and battery into a pocketable external module, creating a dramatically lighter alternative to conventional VR headsets.
SpaceX’s current market value and prospective valuations for Anthropic and OpenAI total roughly $5.2 trillion, exceeding the combined debut-day value of every U.S. technology IPO from 1980 through 2025.
Elon Musk’s SpaceXAI has launched Grok 4.7, its most powerful model for coding and knowledge work, claiming twice the speed at half the price of comparable frontier AI models.
SoftBank has launched an approximately $11 billion bond sale to finance its latest investment in OpenAI, underscoring the enormous capital requirements behind the global artificial intelligence boom.
ByteDance founder Zhang Yiming has become Asia’s richest person as his estimated fortune climbs to $105.5 billion.
Anthropic is moving toward a potential November IPO as annualized revenue approaches $100 billion, setting the stage for what could become the largest public offering in history.
Michael Burry says AI safety warnings from OpenAI and Anthropic are exaggerated hype that helps sustain excitement as growth slows ahead of potential IPOs.
Oracle employees reportedly lost system, Slack and office access before receiving early-morning layoff emails as the company begins another round of job cuts.
Elon Musk says he is living in an Airstream trailer at xAI’s Memphis data center site as the billionaire personally oversees one of the AI company’s biggest infrastructure expansions.
Boston Dynamics is unlikely to pursue an IPO in 2027 as Hyundai’s robotics subsidiary remains unprofitable and has yet to deploy its flagship Atlas humanoid robots at scale.
OpenAI is in early discussions with major investors about a new funding round that could value the ChatGPT maker at roughly $1.2 trillion, just months after its record $122 billion raise.
ByteDance has secured a $29.6 billion loan from 28 banks as the TikTok owner ramps up spending on AI infrastructure, chips and data centers in its race with global AI leaders.
Anthropic is telling investors it has generated positive adjusted operating income for a second consecutive quarter, but the metric excludes major expenses including AI model training and stock-based compensation.
Anthropic could raise up to $100 billion in a record IPO at a potential $2 trillion valuation as the AI developer expects a second consecutive profitable quarter.