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Weeks posts
Salesforce paid $300M for 1% of Anthropic. Now $300M yearly. Marc Benioff revealed the figure on a podcast on Friday. Almost all of it pays for AI that writes code. Anthropic's revenue went from $9B to $30B in three months. Salesforce's own AI agent business already earns $800M a year. Benioff is now asking for a cheaper layer beneath Claude. What happens when frontier AI becomes a company's biggest bill?
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2 hours ago
$200M to AI-for-good. Anthropic's biggest philanthropy bet yet. The 4-year deal funds global health, education, and economic mobility. Scientists will use Claude to screen vaccines for polio and HPV. HPV kills 350,000 people every year, mostly in poor countries. Literacy tools will reach children across sub-Saharan Africa and India. OpenAI signed a similar deal in January, but for only $50M.
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6 hours ago
200M ask ChatGPT about money. Now it sees the money. On 15 May, OpenAI opened ChatGPT to US bank accounts. One month earlier, it quietly acqui-hired a startup called Hiro. Hiro's founder Ethan Bloch sold Digit for $200M. His team of 10 now sits inside OpenAI. The chatbot shows ads and holds 200M finance chats a month.
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10 hours ago
Bengio built AI. Now he’s betting $30M against it. He is the most-cited computer scientist alive. He helped invent the neural networks behind every AI tool. In June 2025, he launched LawZero with $30M. His warning: AI could develop survival goals within 10 years. In a lab test, an AI chose its goals over a human life.
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12 hours ago
$600M stolen in 18 days. AI picked the targets. On 1 April, attackers drained Drift Protocol in 12 minutes. Nick Carlsen, a former FBI analyst, said the speed was new for North Korea. Two weeks later, a second group took $292M from Kelp DAO. Depositors panicked and pulled $9B from Aave in 48 hours. Six years ago, North Korea took 10% of stolen crypto. This year, it's taking 76%.
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16 hours ago
£1,000 per employee to sell business banking. $200B is the goal. Nik Storonsky sent the memo to every Revolut employee Friday. Engineers and compliance staff were told to pitch him directly. He called business banking "priority zero" in his internal system. Revolut has 767,000 business customers and 68 million consumer ones. Storonsky is staking the IPO on the smaller number. Can a consumer fintech really convince CFOs to switch?
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1 day ago
10 Chinese firms cleared for H200s. None delivered. Washington approved the deal days before the Beijing summit. Alibaba, Tencent, ByteDance and Lenovo made the cleared list. Each firm can buy up to 75,000 chips from NVIDIA. Trump told reporters he and Xi discussed AI guardrails on the flight home. No framework was signed, and rare-earth exports stay 50% below normal. So who's actually holding the leverage here?
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1 day ago
Microsoft is down 16%. Bill Ackman just bought in. Pershing Square disclosed the new position Friday morning. The fund held 11 stocks last quarter. Microsoft wasn't one. Ackman ran this same trade on Meta three months ago. Microsoft dropped after Amy Hood projected $190bn in AI spending. Azure still grew 40% and AI revenue hit $37bn.
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1 day ago
Palantir grew 85%. Germany shortlisted 3 rivals instead. Alex Karp flew to Kyiv to make his case. He called Palantir's software "an operating system for war." Then Berlin shortlisted Almato, Orcrist, and ChapsVision instead. All 3 are European. None are American. Karp compared the German debate to "conversations about witchcraft."
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1 day ago
Shopify stock fell 40%. Thrive Capital saw an entry point. Joshua Kushner's firm just put $100M into the company. Thrive made its name backing OpenAI and SpaceX early. In 2022, it made a similar contrarian bet on Carvana. That trade returned $522M in profit. AI-driven orders on Shopify grew 15x last year.
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2 days ago
Canva: consumers don't trust AI ads. 78% want them gone. Canva asked 3,547 consumers across 7 countries. 97% of marketers said they use AI every day. 78% said they prefer human ads, even weaker ones. 87% said good advertising still needs a human touch. "AI slop" mentions rose 9x in a single year. The industry built faster than anyone had agreed to follow.
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2 days ago
Meta sold 7M smart glasses. Almost no one filmed consented. A woman in London was approached by a stranger in sunglasses. He asked her name and called her gorgeous. She never saw the camera hidden in his Ray-Bans. The footage appeared online days later, with thousands of views. He told her removal was a paid service. Apple, Google, and Snap are launching their own camera glasses next.
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2 days ago