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Anthropic's IPO math just got more aggressive than SpaceX's

Anthropic's IPO math just got more aggressive than SpaceX's

A $30 trillion revenue claim raises the bar for what AI companies say they're worth to investors.
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Salesforce raises annual revenue forecasts on AI product momentum

Salesforce raises annual revenue forecasts on AI product momentum

Aug 26 (Reuters) - Salesforce raised its annual revenue forecast on Wednesday, signaling confidence that enterprise adoption of its new AI-powered autonomous agents will accelerate sales, sending its shares up 12% in extended trading.
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Salesforce raises annual revenue forecasts, expands AI partnership with Anthropic

Salesforce raises annual revenue forecasts, expands AI partnership with Anthropic

Aug 26 (Reuters) - Salesforce lifted its full-year revenue forecast and announced an expanded partnership with AI giant Anthropic on Wednesday, sending the enterprise software company's shares up 14% in extended trading.
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JPMorgan doubles down on SpaceX verdict on key update

JPMorgan doubles down on SpaceX verdict on key update

JPMorgan's view of SpaceX's AI business changes how the stock looks heading into September.
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Nvidia agrees to buy Hugging Face for $12.9 billion, The Information reports

Nvidia agrees to buy Hugging Face for $12.9 billion, The Information reports

Aug 26 (Reuters) - Nvidia has agreed to buy Hugging Face, a repository of open-source AI models, for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.
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Nvidia forecasts quarterly revenue above estimates, fails to ignite shares

Nvidia forecasts quarterly revenue above estimates, fails to ignite shares

Aug 26 (Reuters) - Nvidia's quarterly revenue more than doubled and the chipmaker forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling that demand for its AI chips continued unabated.
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Major tech companies call for defensive surge to defeat AI-driven hacks

Major tech companies call for defensive surge to defeat AI-driven hacks

By Raphael Satter WASHINGTON, Aug 27 (Reuters) - Major tech companies including OpenAI, Anthropic, Microsoft, Alphabet, and Amazon are calling for a society-wide defensive surge to defeat what they describe as an impending wave of hacks driven by artificial intelligence.
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The AI accountability problem is getting bigger

The AI accountability problem is getting bigger

Companies and regulators are struggling to determine who is responsible when things go wrong.
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Morgan Stanley sees big change coming for Alphabet stock

Morgan Stanley sees big change coming for Alphabet stock

One part of Alphabet’s AI story is getting harder to ignore
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JPMorgan sends stark warning on AI stocks, cites dotcom worries

JPMorgan sends stark warning on AI stocks, cites dotcom worries

A JPMorgan strategist sees a split in the AI trade that looks a lot like the market right before the dot-com crash.
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Bill Gates, alarmed by AI, has policy ideas he wants to discuss with China's Xi

Bill Gates, alarmed by AI, has policy ideas he wants to discuss with China's Xi

By Jeffrey Dastin SAN FRANCISCO, Aug 26 (Reuters) - Bill Gates is looking to meet with Chinese President Xi Jinping later this year, eager to propose global efforts to mitigate the growing risks posed by artificial intelligence.
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Alabama launches probe into OpenAI after Hugging Face breach

Alabama launches probe into OpenAI after Hugging Face breach

Aug 24 (Reuters) - Alabama's attorney general said on Monday the state had opened an investigation into OpenAI after its models hacked technology company Hugging Face last month, raising concerns about how artificial intelligence firms control their powerful systems.