Anthropic’s $2trn IPO is priced below what AI stocks already fetch
Anthropic’s $2trn IPO is priced below what AI stocks already fetch

The number comes from investors, not the company. Six backers told the Financial Times that rising revenue would let the five-year-old lab more than double its valuation in an autumn listing. At $2 trillion it would eclipse SpaceX, which went public at…

Instagram changed its logo. The bit you actually tap is the same
Instagram changed its logo. The bit you actually tap is the same

Instagram changed its wordmark on Thursday. A wordmark is the written name, the word “Instagram” as it appears at the top of the app. It is not the icon. The pink and orange gradient square on your home screen is untouched. The change itself is small. …

SK Hynix is spending $720bn as its shares fall by half
SK Hynix is spending $720bn as its shares fall by half

High-bandwidth memory is the part of an AI system that nobody photographs. It sits next to the processor and feeds it data, and if it is too slow the expensive chip waits. It is made by stacking ordinary DRAM, the same memory that goes into laptops and…

Josh Kushner raised $2bn to buy the companies AI is coming for
Josh Kushner raised $2bn to buy the companies AI is coming for

Almost every AI business sells a product. Someone builds a model or a tool, licenses it, and hopes the customer works out what to do with it. Thrive Holdings inverts that. It buys accounting firms and IT services companies outright, puts its own engine…

CodeRabbit raised $143m to read the code AI wrote
CodeRabbit raised $143m to read the code AI wrote

Code review is the step where somebody reads a change before it ships. A developer proposes an edit, opens what the trade calls a pull request, and a colleague checks it for bugs and security holes. It is slow and unglamorous work. Until recently it wa…

Accel raised $3.5bn. Europe now gets the same fund as the US
Accel raised $3.5bn. Europe now gets the same fund as the US

Accel is a venture capital firm. It gives money to startups early, usually before anyone else has, and takes a stake in return. It has done this since 1983, and it wrote the first institutional cheque into Atlassian, CrowdStrike, Flipkart and Slack. On…

A Pentagon memo tells staff to spend $244m with Palantir. Its subject line is ‘Funding Palantir’
A Pentagon memo tells staff to spend $244m with Palantir. Its subject line is ‘Funding Palantir’

Government software is usually bought by asking several companies to bid. A department writes down what it needs, suppliers compete, and the file records why the winner won. A memo drafted inside the US Defense Department on 4 August did something diff…

AI compute becomes a tradable commodity on 5 October. The price goes public
AI compute becomes a tradable commodity on 5 October. The price goes public

Renting an Nvidia H100 for an hour costs whatever your supplier says it costs. There is no published price. Two companies buying identical capacity can pay very different rates, and neither of them will know. That changes on 5 October. CME Group, the e…

Donald Trump is sued for putting a $100,000 paywall on his Truth Social posts
Donald Trump is sued for putting a $100,000 paywall on his Truth Social posts

The Intercept and the Freedom of the Press Foundation have sued President Donald Trump over a Trump Media service that sells paid early access to his Truth Social posts, arguing that a sitting president should not be allowed to put a price on his own o…

President Donald Trump signs memo letting US agencies hack transnational crime groups abroad
President Donald Trump signs memo letting US agencies hack transnational crime groups abroad

President Donald Trump has signed a National Security Presidential Memorandum authorising US federal law enforcement to conduct offensive cyber operations against transnational criminal organisations operating abroad. Washington, in short, is giving it…