Anthropic’s $2trn IPO is priced below what AI stocks already fetch

The number comes from investors, not the company. Six backers told the Financial Times that rising revenue would let the five-year-old lab more than double its valuation in an autumn listing. At $2 tr [...]

DeepSeek built a Claude Code rival, then quadrupled its prices

Start with the money, because it is the part every developer noticed. From 16 August, a million output tokens through DeepSeek-V4-Pro costs $3.96 at peak, up from $0.87. V4-Flash goes from $0.28 to $1 [...]

OpenAI is not just replacing its revenue chief, it is rebuilding the sales operation

OpenAI chief revenue officer Denise Dresser is leaving after eight months, replaced by Dali Rajic, formerly president and chief operating officer of Wiz. The company has also hired recruiters to rebui [...]

Europe built the world’s largest electric plane. It flew in New York

Heart Aerospace flew its X1 demonstrator at Plattsburgh International Airport on 12 August, the company announced. The aircraft taxied, took off, climbed, manoeuvred and landed. It reached 335 metres, [...]

Twitch will train Amazon’s AI on your streams unless you find the setting

Twitch has added a setting letting streamers stop Amazon using their streams, clips and chat to train generative AI, buried in security settings and off by default. Chief product officer Mike Minton e [...]

GM and LG restart Ohio battery production after seven idle months

Ultium Cells, the GM and LG Energy Solution joint venture, restarts EV battery cell production in Warren, Ohio next week after a seven-month shutdown, with about 1,400 workers. US EV sales rose 14.2% [...]

Volvo’s new app grades your driving and sends the grade to your insurer

Volvo is launching Safety Coach, an optional app that scores braking, acceleration and cornering, with high scorers offered cheaper usage-based insurance through Volvia. It starts in Sweden and Norway [...]

Google’s cheap model is now two versions ahead of its flagship

Google has released Gemini 3.7 Flash with sharp gains on coding benchmarks and introductory pricing of $0.75 per million input tokens. Gemini 3.5 Pro remains months behind schedule, and Google will no [...]

Databricks Closes $5 Billion Round at $190 Billion Valuation

Databricks has closed a $5bn round at a $190bn valuation, led by Coatue, with revenue run-rate past $7bn and growth above 80% year on year. That is a 42% valuation increase in six months, and it comes [...]