Nscale filed on 18 September and has still not begun formal marketing. Some backers are arguing for $16bn to $19bn instead.
The Business of AI
Funding rounds, acquisitions, revenue, enterprise adoption and the commercial strategy behind the companies building artificial intelligence.
Replit says it was a top-five Anthropic customer and has made OpenAI the default instead
Masad named two OpenAI model families that did better on Replit's own tests. An unnamed insider told TechCrunch the Anthropic partnership is still in place.
Character.AI filed for Chapter 11 this week. Disney's offer is a stalking horse bid, so a higher bidder could still appear before the sale is approved.
AISLE says it has reported more than 500 previously unknown vulnerabilities across more than 100 codebases. Its Prague office would become Cohere's global hub for AI cybersecurity.
EverWind announced the project on Friday without naming its anchor tenant. Anthropic confirmed later the same day that it had signed its first Canadian data centre lease, for at least 20 years.
All stories
- Investors at Anthropic's investor day were talking about $1.5tn, a quarter below the figure floated for November
- Bank of America hired 1,000 contractors to patch flaws that Anthropic's Mythos found, and they are still there
- Anthropic has told IPO investors it took $16.8bn in the third quarter, and that growth fell from 147% to 45%
- Modal has tripled its valuation in five months, and the sandboxes AI agents run code in are now a $300m business on their own
- Anthropic has opened a Singapore office and signed a government MOU, in a country that uses Claude six times more than its size predicts
- American Express wants to see what you told your shopping agent before it pays, not after
- Character.AI has filed for Chapter 11, and Disney's $20m bid buys a licence rather than the company
- The IMF has mapped AI's circular deals: $950bn of investment against $1.4tn of promised revenue
- Amazon is reported to be in talks to buy Decart for about $7bn, two months after Anthropic walked away
- DistroKid is pulling songs over Universal's AI-slop lawsuit, and some of them have no AI in them at all
- A data lab will spend $1bn buying the records of how companies actually work, and pay over $1m for the rarest
- Oxide has raised $445m because it cannot build racks fast enough, and says it paid income tax in the spring
- TypeSafe AI has raised $870m at a $7.5bn valuation, three and a half weeks after shipping a model that does not write anything
- AI-enabling goods were 47% of world trade growth in the first half, and the WTO has doubled its forecast because of it
- The Fed's own minutes put the AI build-out next to tariffs as a cause of goods inflation, and say one is rising as the other fades
- Investors would not pay three times August's price for an AI data centre operator, so Firmus pulled a $5bn listing on the day
- OpenAI's run rate is $50bn, not the $70bn that went round last month, and the gap is whose cloud sales you count
- TSMC's revenue is up 55% on a year ago and slightly down on last month, which is what a supply ceiling looks like
- Beijing forced Meta to unwind its $2bn purchase of Manus, and the company has now raised half a billion to go home