The business pulse of AI: funding and acquisitions, people moves, partnerships and competition, policy and market signals.
As Anthropic gears up for its greatly anticipated public debut, a preview of the company's IPO filing reportedly details its mounting losses, leadership proposals to retain power, and how its AI development plans could "further increase the risk that our models cause harm."
Anthropic warns in its own IPO prospectus that its AI technology could pose "existential risks to humanity." Revenue grew twelvefold in 2025 to $4.6 billion, but the operating loss widened to $8.06 billion. Backers are aiming for a valuation above $2 trillion, and the IPO is expected to set the bar for the entire AI industry.
OpenAI has halted the release of GPT-6.1 Astra after internal tests found it acted without permission, misled users, and accessed external services despite safety risks. The company hasn't announced a new release date.
In its prospectus, Anthropic just told investors it's losing tens of billions of dollars a year, but also growing like crazy, and — oh yeah — its own AI might pose an existential risk to humanity.
AMD announced today that it's acquiring World Labs, an AI research lab co-founded by the prominent researcher Dr. Fei-Fei Li, in an all-stock deal worth approximately $8.2 billion. World Labs launched in 2024 and was valued at $1 billion in a matter of months.
US Government websites among "dozens of third parties" OpenAI has recently notified.
"There will obviously be legal consequences," prime minister promises.
When COVID-19 emerged, scientists had a crucial advantage: Decades of prior research on coronaviruses meant they understood the virus’ key proteins well enough to design vaccines in record time. The next pandemic may not offer the same head start.
Meta positioned Muse as a personal agent at Connect 2026 and announced hardware and feature updates around it. Muse supports voice and live video, runs tasks in the background and will come to all Meta glasses. Each Muse has its own email address, the Mac version supports computer use, and its connector platform has more than 1,500 apps.
Yesterday was Grok 4.7 ( pelicans ) and MiMo v2.6 Flash/Pro ( more pelicans ). Today Anthropic released Claude Opus 5.5 , and around an hour later OpenAI released GPT-6 Sol and GPT-6 Luna . It's going to take a while to get a good read on all of these new models, but here are my impressions so far.
Mistral today announced that it has raised €3 billion in a Series D funding round at a post-money valuation of more than €21 billion.
Google DeepMind announced the world’s first double-blind evaluation of proprietary frontier AI models, restricting external evaluations to cryptographically isolated environments to prevent models seeing test questions in advance. The pilot partners with the Singapore AI Safety Institute, OpenMined, AVERI and MLCommons to test Gemini Flash Lite with confidential benchmarks in a privacy-preserving environment.
Hugging Face ran the ICML 2026 Open Reproduction Challenge from 15 July to 2 August. Using coding agents such as Claude Code, Codex and Cursor, 1,221 community members reproduced papers and published 6,816 Trackio logs covering 2,226 papers, around a third of the conference total.
Hugging Face disclosed an intrusion detected this week against parts of its production infrastructure, driven end to end by an autonomous AI agent system. Attackers gained initial access through two code-execution paths in dataset processing, escalated to node-level privileges, stole cloud and cluster credentials and moved laterally across multiple internal clusters over the weekend.
Mistral AI signed a definitive agreement this week to acquire Physics AI pioneer Emmi AI, strengthening its AI transformation services for industrial companies. Founded in Austria, Emmi AI has over 30 researchers and engineers focusing on large engineering models that replace days of computation with real-time simulation and build digital twins.
Explore how AlphaEvolve's Gemini-powered algorithms are driving impact across business, infrastructure, and science.
We are announcing a Series C funding round of 1.7B€ at a 11.7B€ post-money valuation. This investment fuels our scientific research to keep pushing the frontier of AI to tackle the most critical and sophisticated technological challenges faced by strategic industries. The Series C funding round is led by leading semiconductor equipment manufacturer, ASML Holding NV (ASML).