AI

Anthropic’s $2 trillion IPO ambition raises stakes for global AI valuations

Anthropic investors are preparing to back a valuation of $2 trillion or more when the artificial intelligence company goes public in October, a figure that would surpass SpaceX’s record IPO valuation and make the Claude developer’s debut the largest...

Samsung secures more than $200 billion Broadcom AI chip deal through 2030

Samsung Electronics has signed a memorandum of understanding (MOU) with U.S. chip designer Broadcom to expand their strategic partnership, with the collaboration expected to exceed $200 billion through 2030.

China launches World AI Cooperation Organization with 29 founding nations

Twenty-nine countries have signed an agreement establishing the World Artificial Intelligence Cooperation Organization (WAICO), creating a new intergovernmental body headquartered in Shanghai

Anthropic suspends access to Mythos 5 and Fable 5 after US government ban on foreign use

Anthropic has disabled access to its most advanced AI systems following a US government export control directive requiring the suspension of all use of Mythos 5 and Fable 5 by foreign nationals

Google plans to invest up to $40 billion in Anthropic to expand AI compute capacity

Google has announced plans to invest up to $40 billion in artificial intelligence startup Anthropic PBC

Meta to lay off 8,000 employees amid surge in AI spending

Meta has announced it will lay off approximately 8,000 employees, about 10% of its global workforce, as part of a broader restructuring driven by its expanding focus on AI

AI disruption fears spark global market selloff

Global financial markets experienced a significant retreat this week as a wave of speculative concern regarding AI) disruption moved beyond the technology sector to impact logistics, real estate, and traditional finance.

Anthropic valuation hits $380 billion as it raises $30 billion in Series G funding

Anthropic closed a $30 billion funding round at $380 billion valuation in the second-biggest private financing round on record for tech

No firm is immune if AI bubble bursts, says Google CEO

Global markets on alert as Google CEO Sundar Pichai cautions against market volatility and information reliability in the burgeoning artificial intelligence sector.

Apple hits $4 trillion valuation amid iPhone 17 surge

Apple has become only the third publicly traded company in history to briefly crack the $4 trillion market value milestone.
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Turkiye, Pakistan and Saudi Arabia agree to establish secretariat for Mecca Joint Defense Agreement

Turkiye, Pakistan and Saudi Arabia have taken the first formal steps to institutionalize their new mutual defense arrangement, agreeing to establish a permanent secretariat in Saudi Arabia
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