Anthropic Hit $30B Revenue After 80x Growth It Didn't Plan For
The company that plans for 10x growth and gets 80x instead has a different kind of problem than most AI startups—too much demand, not enough compute.
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Anthropic Spends $1.8B on Akamai After $7.3B Raise
The AI lab that raised $7.3 billion in 2024 is now spending $1.8 billion with a CDN company, and that tells you everything about where the compute bottleneck really is. Anthropic signed a $1.8 billion cloud computing deal with Akamai to handle AI inference demand
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Thiel Takes Steroids to Wall Street With Performance-Drug Olympics
Peter Thiel just took the performance-enhancement debate out of the shadows and onto the NYSE. Enhanced Games, an Olympics competitor allowing performance-enhancing drugs, went public via SPAC at a $1.2B valuation with backing from Peter Thiel and former Coinbase CTO Balaji Srinivasan
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Michigan's $20M OpenAI Bet Could Return $2B While Harvard Watched
A public university just turned $20 million into what could become the greatest endowment ROI in higher ed history, and the playbook was simpler than anyone wants to admit.
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Isomorphic Labs Hits $5B Valuation With Zero Drugs in Development
The AlphaFold company is about to become one of the most valuable drug discovery startups in history without a single drug on the market. Isomorphic Labs, Google DeepMind's AI drug discovery spinout, is raising over $2 billion in what would be one of the largest biotech AI rounds ever
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OpenAI's Own Cofounder Wrote "$1B" in His Diary
The evidence Musk is dragging into court might matter more than the verdict itself. Greg Brockman wrote "what will take me to $1B?" in his diary two years after co-founding OpenAI as a charity, a diary now unsealed as trial evidence showing the nonprofit-to-profit arc wasn't exactly organic
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SoftBank Just Took a $4 Billion Haircut on OpenAI Stock
When your collateral is so cutting-edge that banks aren't sure how to price it, you get a 40% haircut on day one. SoftBank slashed its planned margin loan from $10 billion to $6 billion after creditors balked at the OpenAI equity backing it
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Data Center CEO Hasn't Slept in Weeks, Raises $3B Anyway
The data center fundraising cycle used to move on quarterly earnings calls — now it moves at the speed of insomnia. Principal Financial is raising $3 billion across two funds targeting US and European data centers, signaling institutional capital is chasing AI infrastructure at scale
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Anthropic's AI Agents Now Dream Their Way to Better Performance
Anthropic just handed AI agents something they've never had before: the ability to wake up smarter than they were yesterday.
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AI Flags Red Flags in $1.8 Trillion Private Credit Market
The same artificial intelligence powering the data center boom is now reading the fine print on $1.8 trillion in private loans — and it doesn't like what it sees. AI tools are exposing hidden risks in private credit, spooking investors in a market that doubled in size since 2020
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Nvidia Bets $2.1B on Former Bitcoin Miner Building AI Infrastructure
Nvidia just bet $2.1 billion that a former Bitcoin miner can build the infrastructure layer for AI compute, and the market thinks they're right.
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Arm's Phone Business Collapses as AI Chips Take Over
When your legacy cash cow starts limping, you'd better have a rocket ship waiting in the barn. Arm CEO Rene Haas confirmed smartphone market weakness while pointing to accelerating AI data center demand as the company's growth engine
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Prediction Markets Just Became a $22B Industry Overnight
Wall Street just wrote a billion-dollar check to bet on betting, and the real story isn't the valuation—it's that prediction markets are eating traditional finance's homework.
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Kraken Drops $600M to Kill Your Bank's Payment Rails
Crypto exchanges used to be the on-ramp. Now they're building the roads, the tollbooths, and the gas stations. Kraken parent Payward is acquiring Hong Kong-based Reap for up to $600 million in cash and stock, adding card issuance and stablecoin payment rails to its new B2B platform.
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Silex Micro Doubles in Day One as Europe's Frozen IPO Market Thaws
Europe's IPO market just woke up after a 13-year nap. Swedish chipmaker Silex Microsystems more than doubled on its first trading day, marking the strongest European IPO debut since 2013
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Hyperscalers Hit $9 Trillion While Mapping Which Jobs Disappear Next
The hyperscalers are minting trillion-dollar valuations while quietly penciling in which human jobs won't survive the build-out. Hyperscalers are driving explosive earnings growth through trillion-dollar AI infrastructure spending, while Samsung just crossed $1T valuation on AI chip demand
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Moonshot AI Hits $20B Valuation While Western Rivals Struggle to Monetize
A Chinese AI lab just pulled $2B at a $20B valuation while most Western AI companies are still figuring out how to charge for chatbots. Moonshot AI raised $2 billion at a $20 billion valuation, driven by enterprise demand for open-source AI models
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Wall Street Bets $1 Billion on Markets You've Never Heard Of
Wall Street just wrote a billion-dollar check to bet on betting — and it's not about sports. Kalshi closed a $1 billion Series F led by Coatue at a $22 billion valuation, marking one of the largest rounds in prediction market history
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AMD Beats Forecast as Hyperscalers Quietly Build Their Nvidia Exit Plan
Nvidia's monopoly just got its first real crack, and hyperscalers are already rewriting their backup plans. AMD's Q2 revenue forecast of $11.2 billion beat analyst expectations by $700 million, driven entirely by AI data center chip demand
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Kraken Pays $600M for Unknown Payments Firm as Stablecoin War Escalates
Kraken just paid more than most crypto exchanges are worth to own a payments company most people have never heard of.
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