Chipmaker AMD is taking aim at competitor Nvidia with its latest hardware release: a rack-scale system designed to meet the computing needs of the world’s largest artificial intelligence labs. At the company’s sold-out Advancing AI conference in San Francisco on Thursday, AMD President and CEO Dr. Lisa Su promoted the new AI rack system known
The hype over AI seems endless, and investors are salivating at the opportunity to finally buy shares of some of the biggest names in the industry. But as Anthropic and OpenAI prepare to go public, and as SpaceX stock struggles after a historic initial public offering, there is reason for investors to tread carefully, says
Weeks after OpenAI launched a new family of conversational models and updated ChatGPT’s voice mode, rival Anthropic is taking steps to make Claude more voice-friendly with a new update. The company said Thursday that users can choose between Opus, Sonnet and Haiku models. Claude’s voice mode, which launched last year and runs on the Haiku
Anthropic jumped to a revenue rate of $47 billion in May, up from $9 billion in 2025. It’s the kind of growth Menlo Ventures’ Matt Murphy says he’s never seen in 25 years of investing, not in the Internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropic’s $500 million Series
Imagine earning almost an extra $100 billion and dedicating exactly one vague sentence to it. That’s exactly what Google’s parent company, Alphabet, did in its second quarter earnings report. The tech giant reported that its “other income” amounted to $98 billion in the second quarter, saying it came from unrealized gains on its investments. Analysts
It’s been a big year for AI acquisitions, so big that most of them barely register. Anthropic and OpenAI have continued to buy, acquiring developer tools, AI service shops, and product testing startups to turn model capability into enterprise revenue and expand their reach faster than each other. Which is what made the weekend rumor
