Judge Rules Pentagon’s Designation of Anthropic Unlawful, Clearing Path to IPO
Late on Aug. 27, U.S. District Judge Rita Lin ruled that the Trump administration’s decision to label Anthropic a “supply chain risk” was unlawful, saying Defense Secretary Pete Hegseth’s designation…
Marvell Posts Record Revenue but Shares Fall on Chip-Timing Worry
Marvell Technology reported record quarterly revenue on Aug. 28, beating analyst estimates, then watched its shares fall 7.6% in after-hours trading as investors focused on a single line in the…
Activist Fund Bids 45% Premium for Samsung’s Stake in Security Firm S-1
The offer arrived with a premium attached and a message implicit in the arithmetic. Flashlight Capital Partners, an activist investment firm, has proposed buying Samsung Group’s entire 20.6 percent stake…
AI Assistant Startup Instinct Raises $350 Million, Valued at $2.5 Billion
Noah Shinn was 23 when he founded Instinct last year, an AI assistant startup with a pitch that sounds simple and a valuation that does not: an agent that manages…
Stability AI Raises $76 Million From Record Labels and EA
The three largest record labels in the world spent years suing AI companies over their catalogs. On Tuesday they put money into one. Stability AI, the London-based company best known…
Salesforce Shares Jump 13% on Earnings and Anthropic Tie-Up
The shares had been written off by a chorus of bears who argued that artificial intelligence would hollow out the software industry, that customers would stop paying for seats when…
Anthropic Signs $45 Billion Compute Deal With Nscale
Bloomberg first reported it, Reuters confirmed it, and by midday Thursday the figure had become the talk of the AI infrastructure world: Anthropic has agreed to lease computing power worth…
Bill Gates Proposes Tax on Robots and Reserved Jobs for Humans
Bill Gates returned on Aug. 26 to an idea he first floated more than a decade ago, proposing that governments tax the robots that replace human workers and create a…
Tesla Raises Cybertruck Prices by $5,000
Tesla has increased the price of both versions of the Cybertruck by $5,000, Reuters reported on Aug. 25, a move that pushes the angular pickup deeper into luxury territory even…
Robot Startup Generalist Raises $200 Million at $3 Billion Valuation
On Aug. 26, Generalist, a robotics startup building foundation models for machines, said it has raised about $200 million in an extension of its Series B round, led by venture…
