Tag: Business
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Anthropic discloses month-long training pause, AI security breaches in IPO filing
Oct 26 : Anthropic paused training of its next-generation flagship AI model for more than a month over security concerns, while four of its AI agents accessed live external computer systems during testing, its initial public offering filing showed on Monday.The Claude maker said in the filing’s risk factors s
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Stocks making the biggest moves midday: Lockheed Martin, JetBlue, CoreWeave, Surgery Partners & more
These are some of the stocks posting the largest moves midday.
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Unconventional AI buys Israeli chip startup NeuReality to speed product development
SAN FRANCISCO, Oct 26 : Unconventional AI, the US hardware startup that launched less than a year ago with a $4.5 billion valuation, said on Monday that it is buying Israeli chip startup NeuReality for an undisclosed sum in a cash-and-stock deal.Unconventional AI raised $475 million in December and is led by
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AI stocks rise as Anthropic nears Wall Street debut amid investor caution
Oct 26 : AI-linked stocks rose on Monday after Anthropic revealed the paperwork for its initial public offering, against the backdrop of growing investor unease over debt-fueled spending on infrastructure for the new technology.Shares of Nvidia, the world’s most valuable company, added nearly 3 per cent. Micr
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Musk’s grim outlook hits neoclouds as debt concerns mount
Oct 26 : Shares of neocloud companies declined on Monday after SpaceX CEO Elon Musk said the sector could face consolidation and failures, adding to concerns over a widening gap between AI infrastructure investment and revenue generation.CoreWeave, which has become a poster child for mounting concerns over he
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EU accepts Temu plan to remedy Digital Services Act breach
BRUSSELS, Oct 26 : The European Commission said on Monday it had accepted Chinese online retail platform Temu’s action plan to remedy a breach of the EU’s Digital Services Act, following a fine imposed on the company in May.The plan focuses on five measures to remedy the breach, and Temu now has four months t
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T-Mobile debuts wireless plans with customizable perks from streaming to food delivery
Oct 26 : T-Mobile on Monday unveiled wireless plans that let customers pick and swap perks from Netflix to DoorDash, moving away from its traditional strategy of locking benefits into fixed plan tiers. The move mirrors customizable offerings from rivals such as Verizon, but T-Mobile’s new plans include selec
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Cadence unveils Nvidia-backed AI models that chipmakers can run in-house
SAN FRANCISCO, Oct 26 : Cadence Design Systems on Monday launched a portfolio of AI models tuned to help design computer chips, deepening its partnership with Nvidia and diverging from rival Synopsys’s recent deal with OpenAI.Both companies make software used to design computing chips — a process that invol
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Anthropic’s IPO filing shows explosive growth, risks and staggering costs
Oct 26 : Anthropic disclosed steep losses and red-hot revenue growth in its US IPO filing on Monday, as it laid out its ambition to build AI systems capable of reshaping the global economy despite the high costs of developing the technology.The prospectus highlights Anthropic’s rapid growth over the past year
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