Can Anthropic generate revenues so gigantic that they far outpace the huge spending on compute that its leaders acknowledge is coming? So far, the S-1 shows surprisingly excellent bedrock performance, Fortune’s Shawn Tully reports. Revenues exploded 13x from $1.3 billion to $16.3 billion in H1 2026, over the same period last year. But the company’s
CoreWeave—and the vast amount of debt it has taken on to fund its business—dragged down the entire stock market this week. According to its Q2 earnings release, it had operating lease liabilities of $16.3 billion and total debt of $35.6 billion. The company only made $4.6 billion in revenue for the first six months, and
In an exclusive interview with Fortune’s Jeremy Kahn and Bea Nolan, Nvidia CEO Jensen Huang shrugged off existential-risk warnings from many leaders in the AI space, including Anthropic’s Dario Amodei, saying the technology was “completely in our control.” “I don’t know why anybody would want to support the advancement of a technology that’s going to
Temu appears to have largely stopped funding a network of fake accounts on Meta’s platforms in the days after it was first exposed by Fortune. Temu had spent nearly $1 billion funding partnership ads with various influencers and creators on Instagram and Facebook, targeting users in the U.K. and 27 E.U. countries. Around 73 of
➡️ Did someone forward this email to you? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. ONE BIG THING Sam Altman: Safety standards ‘not at a place’ to push AI capabilities much further OpenAI CEO Sam Altman sits down with Fortune‘s Editor-in-Chief
FREE MONEY? Trump promises $5,000 for every adult if Republicans win the midterms—but he may not be able to deliver President Trump promised to give every adult American citizen a “dividend” of $5,000 if the Republicans retain control of Congress in the upcoming midterm elections, he said in a campaign rally last night. “If the
