Anthropic IPO prospectus leaks, showing steep losses, rapid growth and existential-risk warning
The leaked filing reportedly shows billions in losses and a wide cost base alongside a $2 trillion-plus valuation target as Anthropic prepares to go public afte
Business Insider · +10 outlets
OpenAI launches Dots AI agents, $500 monthly plan and 20+ products at DevDay
OpenAI's new always-on agents compete with Meta's Muse and are paired with the company's priciest subscription yet, though executives say the agents will not st
Fortune · +8 outlets
Trump hosts AI executives at White House lunch, touts 'morally binding' self-regulation accord
The White House gathering with tech CEOs came as Trump pushed a federal rebrand of AI as 'Super Intelligence' and shrugged off midterm concerns about data cente
Ft · +6 outlets
Disney lays off around 300 employees in third round of cuts under new CEO Josh D'Amaro
The cuts follow earlier April and July downsizing and were flagged in Disney's August earnings report as a cost-reduction lever under its new chief executive.
CNBC · +14 outlets
30-year Treasury yield hits highest since 2002 as inflation and oil prices weigh on markets
Rising long-term borrowing costs pressured equities, though a Fed official's comments cooled expectations for an imminent rate increase.
Ft · +13 outlets
Shein reports tumbling profit in first results since IPO, shares plunge to record low
The fast-fashion retailer's operating profit roughly halved in its debut results as a public company, sending the stock down sharply.
Moneycontrol.com · +14 outlets
New Apple CEO John Ternus weighs layoffs and faster product launches in internal overhaul
Ternus is reportedly planning cost cuts and quicker launches as Apple's expenses rise, with small layoffs already hitting some teams.
CNBC · +13 outlets
Workday conducts second round of layoffs this year, cutting about 2.5% of workforce
The software-as-a-service company disclosed the cuts in a securities filing amid pressure on enterprise software firms.
Business Insider · +2 outlets
AMD to acquire World Labs for $8 billion, gaining spatial-intelligence models and top talent
Analysts frame the deal's real value as the leadership and real-world AI applications it brings, not just the spatial-intelligence technology.
MarketWatch · +14 outlets
Robinhood rolls out OpenAI- and Anthropic-powered trading agents to millions of users
The move extends AI agents into retail investing, letting users choose between competing frontier models.
Fortune · +10 outlets
Nvidia turns to insurers to spread the risk of the AI build-out
The world's largest listed company is seeking new ways to draw Wall Street deeper into financing the AI boom.
Ft · +9 outlets
Federal judge orders Mamdani administration to redo pied-à-terre tax rollout
The ruling leaves New York City's tax on multimillion-dollar second homes in place but cancels thousands of warning notices mailed this summer.
Fortune · +14 outlets
Hedge funds hold record share of $30 trillion Treasury market, raising stability concerns
Hedge funds can add liquidity to Treasuries but their growing footprint also raises the risk of financial instability.
CNBC · +6 outlets
Trump's America.gov AI site contradicted him on 2020 election and climate, then stopped answering
A Trump official said the government website uses Gemini and Grok, and the chatbot was made to stop answering some political questions after the contradictions
Fortune · +11 outlets
Altman says OpenAI will delay IPO until safety concerns are overcome
The ChatGPT maker launched a new AI personal assistant as it faces a challenge from Meta's Muse.
Ft · +13 outlets
Carnival beats estimates with strong results and rosy outlook, lifting cruise stocks
The cruise operator's results beat EPS expectations by $0.08, though it still faces a debt wall amid higher rates.
Investopedia · +14 outlets
Gina Raimondo warns initial AI mass-layoff wave is the immediate concern, not long-term job creation
The former US Commerce secretary says layoffs will likely hit first without proper planning even if AI eventually creates jobs.
CNBC
Vanguard-era warnings as bond investors watch Iran conflict and oil prices for yield direction
Government borrowing costs are increasingly being driven by crude prices and Middle East tensions.
Ft · +1 outlets