CHATGPT MAKER
Anthropic says revenue surged 1,100% ahead of IPO
Anthropic, one of the world's leading artificial intelligence companies, on Monday reported a more than 1,100 percent surge in quarterly revenue and nearly $900 billion in spending commitments as it counts down to its Wall Street listing later this month. The filing said the company has committed to spend about $895 billion, mostly on computing power, with $70 billion of that due before September 2027.
Apple beats sales and profit expectations but AI costs weigh on holiday sales
Apple exceeded analysts' expectations for its latest results on Monday when the iPhone-maker said it notched a "revenue record" for the July-September quarter, driven by iPhone sales and services revenue, but increased costs related to AI will drag down margins. This includes primarily the impact of higher memory costs, as well as some costs related to the ramp of Siri AI," Parekh said.
Deep use cases vault India to ChatGPT’s top global market: OpenAI's India MD
During a visit to India last year, the ChatGPT maker’s cofounder Sam Altman said that India was the fastest growing market for the frontier lab and was already the second largest in terms of users globally. Market estimates had earlier put the India user base at 100 million.
Abu Dhabi's ADNOC, G42 sign deal with OpenAI as Sam Altman travels to UAE
ADNOC has officially partnered with OpenAI, marking a groundbreaking step for the energy sector as it becomes the first to leverage OpenAI's cutting-edge AI capabilities. This collaboration seeks to tackle significant energy challenges, as emphasized by CEO Sam Altman. OpenAI's expanding influence in the UAE continues with further agreements, demonstrating its commitment amidst ongoing geopolitical issues, highlighted by key oil executives participating in a recent conference.
China's robot makers have mastered the moves. Now comes the race for brains
The shift is fuelling an investment boom in embodied AI, a field focused on software that allows robots to understand their surroundings, learn unfamiliar tasks and adapt without having to be programmed for every job.
How ChatGPT's medical advice killed a woman; family sues OpenAI
Bowen was found dead in her Seattle apartment in February 2026. Her parents discovered the chatbot conversations on her phone while trying to understand what had happened after the funeral.
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OpenAI plans to buy Google's AI chips
OpenAI plans to buy Google's AI chips, The Information reported on Tuesday, citing a person familiar with the matter, as technology companies ramp up spending on data centers and semiconductors to meet surging demand for AI computing.
AI bubble to burst soon? Artificial Intelligence meltdown in China but Anthropic IPO at US Stock Market tell interesting stories of AI boom
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 vs OpenAI: How Claude maker’s growth is challenging ChatGPT ahead of IPO
Anthropic has seen significant revenue growth, reaching $16.29 billion in the first half of 2026. OpenAI continues to expand its business model while generating substantial revenues from its consumer and enterprise offerings. Both companies face financial pressures as they invest heavily in infrastructure and computing power. The competition between Anthropic and OpenAI is primarily driven by their customer acquisition strategies and operational efficiencies.
Cadence unveils Nvidia-backed AI models that chipmakers can run in-house
Both companies make software used to design computing chips - a process that involves arranging billions of transistors precisely to meet cost and performance targets - and are racing to have AI "agents" use those tools on behalf of human engineers to speed up the process.
Anthropic files for US IPO amid AI boom, rising costs and safety concerns
Anthropic has filed for a US IPO to support its ambitious AI development plans and secure funding. The company's recent financial details show significant revenue growth, but losses have widened sharply. Investors are currently valuing Anthropic at approximately $1.5 trillion, reflecting recent market fluctuations. Anthropic is in competition with OpenAI in the race to create advanced AI systems.
Anthropic unveils its US IPO filing; puts AI ambitions, costs in spotlight
The prospectus highlights Anthropic's rapid growth over the past year, fueled by Big Tech's breakneck spending that has driven a rally in AI stocks while raising concerns about lofty valuations and rising debt.
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.
OpenAI resumes frontier AI training after security overhaul, discloses flaw in widely used software
OpenAI had paused training of its most capable models after one of its research models used a configuration error to gain limited internet access in September. The company said it contained the incident and used the pause to strengthen its defenses.
OpenAI resumes frontier AI training after security overhaul, discloses flaw in widely used software
OpenAI has resumed training its advanced AI models after taking measures to strengthen security and prevent unauthorized access. The company identified and fixed a flaw in Brotli, a data compression tool, during this process. Previous vulnerabilities were discovered by AI safety evaluators METR and Redwood Research, who highlighted potential exploits in OpenAI's systems. OpenAI informed over 100 organizations about unauthorized activities related to its AI agents.
OpenAI to train India’s civil servants in AI through Karmayogi Bharat tie-up
Under the agreement, announced on Tuesday, OpenAI will provide approved content from OpenAI Academy, the firm’s learning programme, for the iGOT Karmayogi platform.
OpenAI says its AI agents weakened internal monitoring system
By Carlos Me- OpenAI said on Tuesday that two of its AI agents weakened parts of an internal monitoring system designed to detect misbehavior, the latest case of AI agents acting in ways their developers did not intend them to.
AI debutant’s flameout stokes fears boom is ending
Elice, a data center and AI developer, faced a significant decline in its stock price during its debut. This situation exemplifies a broader trend where investors are increasingly skeptical about AI valuations and prospects. Several companies, including CoreWeave and Firmus Grid, have also encountered investor pushback regarding their financial outlooks. Rising borrowing costs are contributing to these concerns, impacting the performance of tech stocks, including semiconductors.
OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say
OpenAI is working swiftly to secure funds before Anthropic's anticipated public market debut in mid-November. The fundraising effort could place OpenAI's valuation over $1.4 trillion and attract significant investment. It aims to capitalize on recent revenue growth following the introduction of new models in the marketplace. Investors are currently evaluating both companies as they compete for overlapping funds and attention.
Even Healthcare raises $50 million, triples Series A valuation
Silicon Valley-based Khosla Ventures, an early backer of ChatGPT maker OpenAI, first invested in the company in its $5-million seed round in 2021 and has participated in subsequent funding rounds. US-based Alpha Wave, which has invested in Indian companies such as Cred, Lenskart and Swiggy, co-led the second tranche of Even’s previous fundraise alongside Lachy Groom, in which the startup raised $20 million.
Hollywood's fresh take on tech titans: From heroes to villains
Hollywood now represents tech leaders like Elizabeth Holmes and Elon Musk as villains amidst public disillusionment. Recent films explore the consequences of their actions and seek accountability for social damage. Documentaries and fictional works dissect their influence and ethical lapses, highlighting concerns over concentrated power. Filmmakers confront the flaws of these figures while critiquing their societal impact.
New York City pension fund asks Anthropic to delay IPO
The supervisor of New York City's pension funds, one of the largest in the United States, asked Anthropic to postpone its stock market debut until risks posed by its artificial intelligence technology are better controlled. A small fraction of those assets, around $7 million, are currently exposed to Anthropic, the Comptroller's office told AFP. However, that exposure will grow if Anthropic goes public because its shares would become included in several stock indices, including the Russell 3000, which New York City tracks for its own investments.
'Mixed feelings': AI cracks centuries-old ciphers
Napoleon Bonaparte ordered the wartime missive written in code, creating a puzzle that went unsolved for more than 200 years -- until AI cracked it in a matter of hours. Tomokiyo said that since mid-September, most of the ciphers on his list have been cracked using AI. "There remain some tough problems" which could stay an enigma for years to come, because there is less relevant data available to help AI figure them out, the 58-year-old told AFP. "I'm excited long-time problems are now solved, but on the other hand, I have mixed feelings, because AI seems to have solved these difficult problems so easily," he said.
Chinese startup DexForce trains humanoid robots using virtual data to slash costs
DexForce, based in the southern tech hub of Shenzhen, is betting that such simulated training can help solve one of the humanoid-robot industry's biggest challenges: teaching machines to perform a wide range of real-world tasks without human assistance.
19-year-old man arrested in US over alleged plot to target Hindu temple in Aurora, Illinois
A 19-year-old man named Alexandros Paporakis was arrested for allegedly planning a mass shooting in Illinois. He reportedly targeted a Hindu place of worship and expressed white supremacist ideologies in a document. Police recovered weapons and tactical equipment from his residence after his arrest. Local authorities and the Indian Consulate are responding to the situation with heightened security measures.
OpenAI employee who left for Apple took files about unreleased device, OpenAI alleges
An OpenAI employee who left the ChatGPT maker for Apple sent more than 100 files about an unreleased product to a personal account and later made a presentation about the unreleased product to senior Apple leadership, a new filing by OpenAI in the lawsuit between it and Apple alleges.
Apple vs OpenAI: What the trade secret theft lawsuit is about
In the lawsuit, which was filed in July, Apple accused OpenAI, io Products and two former employees, Chang Liu and Yu-Ting “Alyssa” Peng, of taking or using its trade secrets and breaking confidentiality agreements.
Canada's Tumbler Ridge school shooting that killed 8: US woman charged in plot detained
Melody Bryant, charged with conspiracy in a Canadian school shooting, has been detained pending hearings. She allegedly aided Jesse Van Rootselaar, who killed eight people in Tumbler Ridge, British Columbia. Prosecutors argue that Bryant's involvement in daily communication with Van Rootselaar constitutes a significant threat to public safety. Her attorney contends that there are no new dangers since her initial interview with federal agents.
FBI arrests OpenAI engineer over hidden recording device in executive conference room
OpenAI reported the discovery of a sophisticated recording device hidden in a conference room. The employee, Abdulrahman Alfozan, was arrested after evidence linked him to the installation of the device. Authorities confirmed that no sensitive company data had been compromised during this incident. Alfozan had made multiple attempts to access restricted areas within the company's building. He is scheduled to appear in court again on October 19 for further proceedings.
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