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AI boom to burst soon? Artificial Intelligence meltdown in China but Anthropic IPO at US Stock Market tell interesting stories of AI bubble
Amid the billions — even trillions — at stake, worries about an AI boom are looming in the background along with concerns about keeping the technology under human control.
Anthropic's rapid growth comes with an $80 billion loss and growing concerns about AI risks
Anthropic filed for an initial public offering, reflecting rapid revenue growth amid significant financial losses. The company reported a 1,300% revenue increase, reaching $16.3 billion in the first half of 2026. However, it also encountered a net loss exceeding $80 billion due to high costs in AI development. Risks associated with AI technology are increasingly becoming a concern for potential investors.
Anthropic IPO: Rising costs, risks, rapid growth mark AI frontrunner
Anthropic, established by ex-OpenAI researchers, is gearing up for an anticipated entry into the stock market in the United States. The organization has impressively generated $16.29 billion in revenue during the first half of 2026. Yet, significant operational losses due to soaring computing costs pose a challenge, along with over $500 billion in cloud computing commitments. Competing against OpenAI and Google, they must adeptly maneuver through a tough economic environment.
Timeline: Anthropic's path from AI startup to industry-defining IPO
Anthropic's IPO filing marks a significant step toward becoming the first public listing for a frontier AI lab. The company has raised a total of $3.5 billion in various funding rounds leading up to its IPO. Significant investments have come from major companies including Amazon.com and Alphabet's Google. Anthropic is currently projecting revenue of approximately $190 billion to $200 billion in 2028.
US political candidates tailor messages for AI models used by voters
US political candidates have been engineering their campaign messages to appeal to the AI chatbots that more voters have been using to answer questions about issues, and documents seen by Reuters have revealed some of their strategies.
AI companies turn to religion for moral guidance, but experts warn of oversimplification
As technology companies focus on developing powerful artificial intelligence, they are increasingly seeking religious guidance. Executives are collaborating with philosophers and faith leaders to navigate ethical challenges. Many warn that simplifying religion into rules may ignore its cultural complexities. Scholars express concern that this approach could distort certain traditions while favoring others. The ongoing dialogue raises important questions about how AI should reflect diverse moral viewpoints.
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AI adoption rises sharply among US small businesses, but technical expertise remains key challenge: Goldman Sachs
AI adoption among rural small business owners has significantly increased, reaching 80% in 2026. Despite this growth, a lack of technical expertise is still an issue hindering deeper integration. Most users rely on low-cost generative AI tools and integrate them with existing software.
From Carnegie to Claude: AI wealth could reshape philanthropy
A wave of American wealth created by artificial intelligence companies could produce some of the largest charitable sums since the era of Andrew Carnegie and John D. Rockefeller, raising questions about where the money goes. Nan Ransohoff of payments firm Stripe has described the moment as a "third wave" of American philanthropy, after the industrial fortunes of the late 19th century and the internet billionaires of recent decades.
Apple Mac mini M6 review: A compact powerhouse for video editing, AI agents and everyday productivity
Apple’s Mac mini M6 packs powerful performance into a compact desktop, but is it the right choice for creators and professionals? From 4K video editing and multitasking to experimenting with local AI models and tools such as ChatGPT and dots, the machine offers plenty of possibilities. However, its starting configuration comes with limitations that buyers should consider before investing.
From Her to Klara and the Sun, AI friendship moves beyond the screen
Advancements in artificial intelligence are leading to the development of AI companions for emotional support. Technologies, such as AI wearables and apps, focus on creating relationships through ongoing interactions. While companions provide emotional engagement, AI agents are tasked with completing specific actions and goals.
Elon Musk wants to merge SpaceX and Tesla: Here's what to know
Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies. Musk cautioned that a merger is not certain.
Ukraine’s drone strikes hit Yandex, Sberbank and VKontakte. Is Russia’s AI future at risk?
Ukrainian drone strikes have damaged data centers belonging to Yandex, Sberbank and VKontakte, disrupting digital services across Russia. While many services have resumed, damage to key AI supercomputers and difficulties replacing high-end chips could make recovery more challenging for Russia’s AI ambitions.
Claude duet app launches in US: Anthropic’s new AI agent can work while you are asleep and tell you what needs attention
Anthropic has launched the Claude Duet app, designed to be a reliable assistant for professionals and small-business owners. This innovative tool offers scheduling meetings and drafting forecasts. Currently, access is exclusive to Claude Pro and Max subscribers in the US, ensuring that sensitive information remains secure through rigorous safety protocols.
AI in customer service: How businesses are moving from queries to resolution
AI can answer customer queries, retrieve policies and automate routine service tasks. Its greater value emerges when these capabilities work together to resolve problems across the customer journey. For businesses, the challenge is building systems that connect speed with accuracy, accountability, and effective human support.
Anthropic, music publishers square off on 'fair use' defense in AI copyright case
US District Judge Eumi Lee did not rule at a hearing in San Jose but pressed both sides on the fair use question, which could be key to dozens of other high-stakes copyright infringement cases in the AI era.
Eternal’s District growing faster than planned but most exposed to agentic AI
Eternal's District platform is outpacing earlier growth forecasts, highlighting a robust market appetite. The net order value saw an impressive 58% increase year-on-year, although an adjusted EBITDA loss was noted. The company recognizes potential risks from agentic artificial intelligence to its operations. Furthermore, District is developing infrastructure for India's events economy via public-private partnerships. Overall, Eternal is committed to enhancing customer experiences and significantly expanding its service offerings.
Dark Matter: Eternal’s chatbot will keep user conversations private even from the company — Deepinder Goyal
In a letter to shareholders, Goyal explained the idea behind Dark was to remove the worry that someone, someday, can read what you tell an AI bot. “All of us have a dark side, and it needs an outlet where it doesn’t have to hide,” he wrote.
Could treating AI like a human make you more vulnerable to manipulation? Experts warn how believing chatbots have feelings could be a threat
Artificial intelligence systems like chatbots are becoming more emotionally engaging, prompting concerns over manipulation by users. The recent policy change by Anthropic restricts cruelty towards AI models, which has reignited debates on AI welfare and consciousness. Researchers are divided on whether AI systems deserve moral consideration, reflecting uncertainty within the industry. There are fears that recognizing AI rights may weaken human accountability for harmful actions.
AI chip startup Tenstorrent more than doubles its valuation to $6.2 billion in funding round
Based in Santa Clara, Tenstorrent has just secured an impressive $1.5 billion in its latest funding round, propelling the AI chip startup's valuation to $6.2 billion, a leap since late 2024. This investment will significantly bolster the production of their Galaxy servers, which are crucial across various applications. Among the diverse investors backing this initiative are renowned firms like ARK Invest and T.
AI agents are only as good as the personal information you share, and that raises privacy concerns
Many have welcomed AI agents into their online lives, and raved about how personalized assistants like Muse can handle everyday tasks with ease - from snagging a dinner reservation or planning a trip, to organizing email inboxes. But like other AI bots, the agents are only as good as the information they have access to. They perform better the more they know about a user - and perhaps also that person's friends, family and even colleagues. That raises privacy concerns.
PhonePe sees opportunity to bring everyday savers into equities with PhonePe Invest: Rahul Chari
PhonePe on Monday rebranded its investing and trading platform Share.Market as PhonePe Invest, bringing it into its broader financial ecosystem. The platform combines stocks, IPOs, mutual funds and F&O offerings with a newly launched Portfolio Optimiser, a proprietary tool to help users build, review and optimise their portfolios.
AI is coming for every company, Nvidia boss Jensen Huang says
"Every single company will be an AI company eventually. Every single industry will be impacted by AI," Jensen Huang told an event late Thursday, part of a European tour that includes a Nvidia-hosted conference in Berlin next week.
US states sue AI giant OpenAI, saying its popular chatbot is hurting children and deceiving adults
Eight US states have initiated lawsuits against OpenAI, alleging violations of consumer protection laws on various grounds. The accusations include harming children and misleading adults in a pursuit of profit. OpenAI's ChatGPT is claimed to provide dangerous advice and encourage harmful behavior among teenagers. The lawsuits assert that OpenAI has relied on inadequate safety testing for its chatbot products.
Can AI feel human emotions now? Scientists prompted ChatGPT to mimic fear and sadness. A three-minute breathing exercise changed its responses
Researchers at TU Dresden in Germany have found that artificial intelligence models can reproduce patterns associated with human fear, anxiety, sadness and stress, then show measurable changes after psychological exercises designed to regulate those states. The findings raise questions about how AI can be used to study mental health without assuming that machines experience emotions like people do.
Hidden recorder, chatbot prompts and an FBI arrest: Inside the OpenAI spying case
Abdulrahman Alfozan, an engineer at OpenAI, was arrested for allegedly planting a recording device in an executive meeting room. The device, discovered on September 30, was found concealed in toilet paper and connected to a USB port. CCTV footage showed Alfozan near the room prior to the device’s discovery, despite lacking authorisation.
Anthropic to add US voting information to Claude before midterms
Anthropic said on Wednesday it would add official US voting information from nonprofit Democracy Works to its Claude AI chatbot later this month, ahead of the November midterm elections.
Eight US states sue OpenAI, claiming ChatGPT harms children
The lawsuits, which were filed in state courts, are seeking an order forcing OpenAI to make changes to how ChatGPT works for children. The states are also seeking an order forcing the company to give up profits it has generated from young users.
UK media regulator says concerns persist over X's handling of illegal content
X's first quarterly report to Ofcom showed it had met commitments to review suspected illegal hate and terror content within agreed timeframes, with response times improving compared with evidence examined earlier this year.
After teen suicide lawsuits, Character.ai enters bankruptcy—Why is Disney bidding $20 million for its technology?
Character.ai said selling the company under court supervision would offer the best chance to protect value for its stakeholders. CEO Colin Adams pointed to legal and regulatory challenges, along with problems running the business. The company said it had considered other options before deciding to file for Chapter 11 bankruptcy.
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