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Blackstone's quarterly profit gets boost from asset pile, AI investment gains

Blackstone's quarterly profit gets boost from asset pile, AI investment gains

By Isla Binnie July 23 (Reuters) - Blackstone, the world's largest alternative asset manager, reported rising income for the second quarter on Thursday, buoyed by growing assets under management and reaping profit from a mammoth bet on artificial intelligence.
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Anthropic mulls mandatory employee stock trading plans after IPO, The Information reports

Anthropic mulls mandatory employee stock trading plans after IPO, The Information reports

July 23 (Reuters) - Anthropic is considering requiring rank-and-file employees to sell stock through preset trading plans after it goes public to avoid insider-trading concerns, The Information reported on Thursday, citing people familiar with the matter.
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Blackstone President Jon Gray Discusses AI Investments and Private Credit in Earnings Interview

Blackstone President Jon Gray Discusses AI Investments and Private Credit in Earnings Interview

Blackstone President Jon Gray Discusses AI Investments and Private Credit in Earnings Interview
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Court Approves $1.5 Billion Settlement in Anthropic Copyright Case

Court Approves $1.5 Billion Settlement in Anthropic Copyright Case

Court Approves $1.5 Billion Settlement in Anthropic Copyright Case
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Google quarterly cloud revenue growth beats expectations

Google quarterly cloud revenue growth beats expectations

July 22 (Reuters) - Alphabet topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, as the Google parent benefited from strong demand for its cloud computing services from enterprises worldwide thanks to the AI boom.
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Bloomsbury to Receive $21 Million from Anthropic Settlement

Bloomsbury to Receive $21 Million from Anthropic Settlement

Bloomsbury to Receive $21 Million from Anthropic Settlement
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Federal Reserve Faces Cybersecurity Challenge with Lack of Access to Mythos AI Model

Federal Reserve Faces Cybersecurity Challenge with Lack of Access to Mythos AI Model

Federal Reserve Faces Cybersecurity Challenge with Lack of Access to Mythos AI Model
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Why Strong Google Earnings Do Not Automatically Prove AI Is Profitable

Why Strong Google Earnings Do Not Automatically Prove AI Is Profitable

Strong earnings for Alphabet (Google) are driven by its legacy ad business, while its massive investments in AI are still more of a cost than a profit center.
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Chinese AI Model Kimi K3 Challenges U.S. Tech Giants, Sparking Industry Concerns

Chinese AI Model Kimi K3 Challenges U.S. Tech Giants, Sparking Industry Concerns

Chinese AI Model Kimi K3 Challenges U.S. Tech Giants, Sparking Industry Concerns
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OpenAI's New Model Release Sparks Renewed Investor Interest in Secondary Markets

OpenAI's New Model Release Sparks Renewed Investor Interest in Secondary Markets

OpenAI's New Model Release Sparks Renewed Investor Interest in Secondary Markets
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US judge approves Anthropic's $1.5 billion settlement of copyright lawsuit

US judge approves Anthropic's $1.5 billion settlement of copyright lawsuit

By Blake Brittain July 20 (Reuters) - A federal judge in San Francisco on Monday signed off on artificial intelligence company Anthropic's landmark $1.5 billion settlement of a class action lawsuit brought by a group of authors who accused it of misusing their books to train its AI chatbot Claude.
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Federal Judge Approves $1.5 Billion Settlement for Anthropic's Use of Pirated Books in AI Training

Federal Judge Approves $1.5 Billion Settlement for Anthropic's Use of Pirated Books in AI Training

Federal Judge Approves $1.5 Billion Settlement for Anthropic's Use of Pirated Books in AI Training