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China Nabs Another Huione Group Core Member in Cambodia Extradition

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U.S. Officials Say China’s Largest Chipmaker Has Supplied to Iran’s Military
China’s largest chipmaker, Semiconductor Manufacturing International Corp., has been supplying chipmaking tools to Iran’s military for roughly a year, Reuters reported, citing two U.S. officials. ...

Anthropic Discusses Q4 IPO, Preps ‘Claude Mythos’ Advanced AI
Anthropic is discussing an initial public offering that could happen as soon as the fourth quarter of this year, The Information reported Thursday. Bankers vying to take the company public have said i...

Anthropic Wins Injunction Blocking Pentagon Blacklisting of Firm
A federal judge in California granted Anthropic a preliminary injunction halting the Pentagon’s designation of the AI startup as a supply chain risk while Anthropic’s lawsuit against the Departmen...

Social Media’s New Legal Overhang
It was a brutal day on Wall Street—particularly for shares of Meta Platforms, Reddit and Snap. While the Nasdaq dropped 2.4%, shares of the social media firms plunged between 8% and 10% as the impli...

How the Next General Partners Are Winning Deals
This morning we published a list of 15 venture capital partners our sources tell us could be slated to become general partners, or the top decision makers at their firms. One thing that’s clear from...

David Sacks Leaves White House AI and Crypto Czar Role
David Sacks said he has stepped down as the Trump administration’s AI and crypto czar, confirming Thursday that he exhausted his 130-day limit as a special government employee. In an interview with ...

Anthropic Discusses Going Public as Soon as the Fourth Quarter
Anthropic executives have discussed an initial public offering of the AI firm’s shares as soon as the fourth quarter this year, according to people familiar with the matter. Bankers vying to take A...

X Lays Off CMO, Other Staff Ahead of SpaceX IPO
Elon Musk’s X laid off its chief marketing officer and more than 20 other staff in non-engineering roles in recent weeks, the Wall Street Journal reported. The company has also brought in Jon Shulki...

Meta Raises Investment in El Paso Data Center to $10 Billion
Meta Platforms is increasing its investment in an El Paso data center from $1.5 billion to $10 billion, the company revealed in a blog post. The company didn’t explain why the investment increased s...

OpenAI Surpasses $100 Million Annualized Revenue From Ads Pilot
OpenAI has surpassed $100 million in annualized revenue from its ChatGPT ads business, six weeks after the pilot was announced, according to a spokesperson. That revenue has been generated from the le...