Anthropic has told investors it expects to more than double revenue to approximately $10.9 billion in Q2, marking what would be the company's first profitable quarter. The milestone comes as Anthropic simultaneously struck a massive compute deal with xAI and hosted its Code with Claude developer event, signaling rapid commercial momentum.
Read the original →SpaceX's IPO filing reveals that Anthropic is paying xAI roughly $1.25 billion per month — $15 billion annually — for access to the Colossus data centers in Memphis, Tennessee. The deal is one of the largest compute contracts disclosed publicly and underscores how severely frontier AI labs are constrained by GPU capacity.
Read more →SpaceX's S-1 IPO filing offers the first public window into xAI's finances, showing the company lost $6.4 billion in 2025 while aggressively expanding Grok and its data center infrastructure. Despite the losses, xAI is doubling down, committing to $2.8 billion in new natural gas turbines to power further compute growth.
Read more →SpaceX's IPO filing pitches a bold vision of orbital data centers as a key competitive advantage in the AI race, even as Grok continues to lag behind rival services from OpenAI and Google. The filing frames AI infrastructure — not just rockets — as central to SpaceX's long-term business strategy.
Read more →Nvidia reported yet another record revenue quarter driven by insatiable demand for AI chips, while also disclosing it holds $43 billion in equity stakes across AI startups. The company cautioned that revenue growth is expected to slow in the coming quarter, tempering some investor enthusiasm.
Read more →Nvidia CEO Jensen Huang is targeting CPUs purpose-built for AI agents as the company's next major growth frontier, projecting a $200 billion addressable market. The announcement, made at COMPUTEX, signals Nvidia's intent to expand well beyond GPUs and into the broader AI infrastructure stack.
Read more →OpenAI says its latest reasoning model has disproved a geometry conjecture that has stumped mathematicians since 1946, and this time the claim is being backed by independent experts — including the same researchers who previously exposed an embarrassing false claim by the company. The result is being treated as a meaningful benchmark for AI's growing capacity for genuine mathematical discovery.
Read more →Just one day after Elon Musk lost his lawsuit challenging OpenAI's corporate restructuring, the company is reportedly accelerating preparations for a public offering potentially as early as September. The legal victory removes a significant cloud of uncertainty that had hung over OpenAI's governance and financial future.
Read more →After nearly a month in court, Elon Musk's lawsuit accusing OpenAI of abandoning its nonprofit mission in favor of profit has concluded, with Musk failing to block the company's restructuring. The trial was a spectacle — described by reporters as a "zoo" with daily protests — but its legal outcome leaves OpenAI's path to IPO largely intact.
Read more →President Trump has postponed signing an executive order that would have required mandatory government security reviews of AI models before public release, citing dissatisfaction with the order's specific wording. The delay is a win for AI companies that had lobbied against pre-release review requirements, and raises questions about whether any binding AI safety framework will emerge from the current administration.
Read more →At its two-day London developer event, Anthropic showcased a future where AI writes the majority of production code — with many attendees already reporting that Claude had authored their most recent pull requests entirely on its own. The event highlighted both the excitement and unease among professional developers as the line between human and AI authorship in software blurs rapidly.
Read more →Google used its annual I/O developer conference to unveil a sweeping slate of AI products, headlined by Gemini Omni and a new consumer-facing AI agent ecosystem designed to act autonomously across the web. The sheer volume of announcements — 100 in total — reflects Google's determination to reassert itself as the dominant AI platform after years of playing catch-up.
Read more →Spotify and Universal Music Group have reached a landmark licensing agreement that will let Premium subscribers generate AI-powered covers and remixes of songs, with participating artists receiving a share of the revenue. Artists retain the right to opt out, making this one of the first major label deals to create a structured, consent-based framework for fan-driven AI music creation.
Read more →Spotify has released Studio, a new standalone desktop app that uses AI to generate personalized daily podcasts, briefings, and playlists based on user prompts and listening history — pulling in data from connected apps like email and calendar. The app is a direct challenge to Google's NotebookLM and marks Spotify's most aggressive push yet into AI-generated audio content.
Read more →Stealth AI startup Hark has closed a massive $700 million Series A to build what it describes as a universal personal AI platform that works across existing products and services, with dedicated hardware to follow. The company plans to release its first multimodal models this summer, though details about the product remain tightly guarded.
Read more →Meta has begun notifying thousands of employees of layoffs, with internal communications framing the cuts as necessary to fund the company's escalating AI ambitions and run operations more efficiently. The move follows a broader industry pattern of large tech companies restructuring headcount to redirect capital toward AI infrastructure and model development.
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Summaries are AI-generated. Click through to read the original reporting.