Norway’s Oil Fund Loses $29.7 Billion as Bonds Slip
Norway’s sovereign wealth fund reports in kroner, in a modest office in Oslo, to a central bank that answers to parliament. On Thursday morning it delivered the kind of number…
Barclays Cuts 5,000 Jobs and Points to AI
The email went out to Barclays staff on the morning of Oct. 22, and by lunchtime the number was the only thing anyone in Canary Wharf wanted to discuss. Five…
The PHP Flaw That Waited Fourteen Years
The first sign for most system administrators was a message from a hosting provider, arriving late in the week, telling them a patch was available and that the maintenance window…
Claude Will Decide Which Steps to Approve
The experiment was designed to be boring. A paying user of Claude, Anthropic’s chatbot, worked through a multi-step task with the assistant asking permission at each stage, the way the…
Five Banks Draw a Line at AI Agents
For most of this year, the pitch from AI startups to banks has been the same: let an agent log in as the customer, and the customer never has to…
Anthropic’s November Listing and a Thin October for IPOs
On the last Monday of October, the equity capital markets desk at a New York bank sent clients a one-page note listing every company scheduled to price an initial public…
Anthropic Prepares to File Its IPO Prospectus as Soon as Friday
Anthropic Prepares to File Its IPO Prospectus as Soon as Friday Anthropic plans to make its IPO prospectus public as early as Friday, according to people familiar with the matter,…
Volkswagen Puts Microsoft Copilot in Front of 330,000 Employees
Volkswagen Puts Microsoft Copilot in Front of 330,000 Employees Volkswagen Group has equipped more than 330,000 employees with Microsoft Copilot, a deployment the two companies announced Wednesday that puts an…
Moody’s Raises TSMC to Aa2, Citing AI Demand and Advanced-Node Lead
Moody’s Raises TSMC to Aa2, Citing AI Demand and Advanced-Node Lead Moody’s Ratings lifted its issuer rating on Taiwan Semiconductor Manufacturing Co. to Aa2 from Aa3 on Wednesday, moving the…
Blacksmith Reaches $1 Billion Valuation as AI Code Chokes Build Pipelines
Blacksmith Reaches $1 Billion Valuation as AI Code Chokes Build Pipelines Every change a developer proposes still has to be built and tested before it can be merged, and that…
