Anthropic's valuation surges to $965 billion, surpassing OpenAI
May 28 : Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it aims to bolster computing capacity to meet growing demand for chatbot Claude and scale its products.The new valuation after the series H funding round puts Anthropic ahead of OpenAI, last v ...
Anthropic valued at $965 billion after raising $65 billion in latest round
May 28 : Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it seeks to expand computing capacity to meet growing demand for chatbot Claude and scale its products.The new valuation after the series H funding round puts Anthropic ahead of rival OpenAI, ...
Anthropic secures $965 billion valuation after raising $65 billion
May 28 : Anthropic said on Thursday it has raised $65 billion in a series H funding round, which would value it at $965 billion post-money.The funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.It comprises $15 billion of previously committed investments from hypers ...
Insurance platform Corgi valued at $2.6 billion in latest funding round
May 28 : AI insurance platform Corgi said on Thursday it raised $106 million in a funding round led by investment firm TCV that valued it at $2.6 billion.The funding round underscores strong investor appetite for startups using artificial intelligence to modernize the financial services sector.Here ...
Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8
May 28 : Anthropic on Thursday said it is launching an upgraded Claude Opus 4.8 model even as it works to release its powerful, market-moving Mythos model to all customers in the coming weeks.Mythos is the AI lab's large language model with advanced cybersecurity capabilities that have raised c ...
Energy use forcing rethink of AI chip design, TSMC says
AMSTERDAM, May 28 : A senior TSMC executive said on Thursday that surging electricity demands from AI are making energy efficiency rather than computing power the main constraint shaping future computer chip development.Kevin Zhang, Senior Vice President of Business Development, said customers acros ...
Microsoft to release new coding model next week, the Information reports
May 28 : Microsoft will unveil a suite of new homegrown AI models next week at its annual "Build" conference for developers in San Francisco, including a coding model to boost the usage of its GitHub Copilot tool, the Information reported on Thursday.The company is also planning to roll ou ...
Iran, US agree on deal to extend ceasefire and open Hormuz; Trump’s approval pending
Iran’s Tasnim news agency said the text of the agreement had not been finalised or confirmed
Iran, US agree on deal to extend ceasefire and open Hormuz, say sources, pending Trump’s approval
Washington was ‘not there yet’ with Iran on an agreement but that the parties were close, says US V-P Vance
Iran, US agree reach deal to extend ceasefire and open Hormuz, say sources, pending Trump’s approval
Iran’s Tasnim news agency said the text of the agreement had not been finalised or confirmed
Iran and US reach outline ceasefire deal after latest attacks, says report
[WASHINGTON/DUBAI] The United States and Iran have reached an outline agreement to extend their ceasefire pending the approval of President Donald Trump,...
US revises first quarter growth down while inflation climbs
WASHINGTON: The US economy expanded less than initially estimated in the first quarter, government data showed on Thursday (May 28), while a key inflation gauge separately hit a three-year high on fallout from the Mid
Japan's major banks to use OpenAI's new model to thwart cyberattacks, Nikkei reports
May 28 : Japan's three biggest banks — MUFG Bank, Sumitomo Mitsui Banking Corp and Mizuho Bank — are expected to gain access to OpenAI's latest model to defend against cyberattacks, the Nikkei newspaper reported on Thursday.The model, available only to trusted partners, is believed to ...
Japan's major lenders to use OpenAI's new model to thwart cyberattacks, Nikkei reports
May 28 : Japan's three biggest banks - MUFG Bank, Sumitomo Mitsui Banking Corp and Mizuho Bank - are expected to gain access to OpenAI's latest model to defend against cyberattacks, the Nikkei newspaper reported on Thursday.
Fed’s Musalem says officials can’t rely on AI boom to fix inflation
Investors are betting there is more than a 50 per cent chance the Fed will raise rates by the end of the...
Meta commits $13 million in additional funding for oversight board until 2028
May 28 : Meta's Oversight Board said on Thursday it has secured $13 million in additional funding from the social media company to secure the independent watchdog's operations through 2028.Social media platforms have been facing intense pressure to balance allowing free speech and curbing ...
Meta commits extra funding to oversight board until 2028
May 28 : Meta Platforms' Oversight Board said on Thursday the tech giant has committed additional funding to secure the independent watchdog's operations through 2028.Social media platforms have been facing intense pressure to balance allowing free speech and curbing misinformation, while ...
Groq raising up to $650 million from existing investors, source says
May 28 : Groq is raising up to $650 million from existing investors, a source familiar with the matter told Reuters on Thursday, after the AI chip startup signed a $17 billion licensing deal with Nvidia in December. Groq has been shifting focus away from hardware toward AI inferencing, where it spec ...
Groq targets $650 million fundraise after Nvidia licensing deal, Axios reports
May 28 : Groq is raising up to $650 million from existing investors, Axios reported on Thursday, after the AI chip startup signed a $17 billion licensing deal with Nvidia in December. Groq has been shifting focus away from hardware toward AI inferencing, where it specializes in enabling trained AI m ...
China's BYD steps up assisted-driving push
Chairman Wang Chuanfu said the carmaker aimed to achieve "zero traffic accidents" through intelligent-driving technology.
Warsh’s new challenge: Containing Fed hawks as inflation simmers
KEVIN Warsh won the race for Federal Reserve chairman partly by mapping out a route to lower interest rates. Now, the new...
Sri Lanka monetary stance appropriate, 3% growth target within reach, IMF says
COLOMBO, May 28 : Sri Lanka's monetary stance is broadly appropriate, and the country still has strong potential to reach the International Monetary Fund's 3 per cent growth target, the head of the IMF's Sri Lanka mission said on Thursday.He was speaking two days after Sri Lanka' ...
Mooreast aims to raise $6 mil by issuing new shares at 13.5 cents each
The Edge Singapore - Mooreast Holdings is the latest to join a growing line of listcos doing secondary fund raisings. The company has appointed Zico Capital to raise and Maybank Securities to help raise up to $6 million by selling 44.45 million new shares at 13.5 cents each. These new shares will enlarge Mooreast's ...
Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Ranamita Chakraborty - With a reduced holding of 2%, he ceases to be a substantial shareholder
Osim founder Ron Sim drops claims against Trek 2000, sells 7.3% stake to Azure Capital
Ranamita Chakraborty - With a reduced holding of 2%, he ceases to be a substantial shareholder
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Ranamita Chakraborty - With a reduced holding of 2%, he ceases to be a substantial shareholder
Wall St muted as investors assess inflation data, Mideast developments
[NEW YORK] Wall Street’s main indexes retreated from record highs on Thursday (May 28) as escalating tensions between the US. and Iran...
Dow, S&P 500 and Nasdaq drift lower following US strikes near Strait of Hormuz
[NEW YORK] Wall Street’s main indexes retreated from record highs on Thursday (May 28) as escalating tensions between the US. and Iran...
Anthropic to boost hiring in Europe after opening Milan office
MILAN, May 28 : Anthropic will continue expanding in Europe after opening its sixth office on the continent in Milan on Thursday, Chris Ciauri, managing director for international at the U.S. AI startup, said.The company plans to triple its international workforce to meet rising demand for its ...
ST Engineering names its group COO and commercial aerospace president as group deputy CEO
Ranamita Chakraborty - The group deputy CEO post has been vacant for 9 years, but the company says filling it now reflects its expansion
Tan of DBS maintains 'hold' on MINT pending further positive developments
The Edge Singapore - Derek Tan of DBS Group Research notes two positive updates from Mapletree Industrial Trust. However, he prefers to keep his "hold" call for now, pending further improvements before changing his recommendation. "In our view, much of the negativity is already reflected in the share pric ...
Crypto companies without EU licences face prosecution, French regulator warns
PARIS, May 28 : France’s top markets regulator warned crypto companies they could be blacklisted and sued if they do not get an EU licence to operate by end of June, as the bloc fully rolls out tighter regulation of crypto.Under the European Union's crypto rules, MiCA, crypto companies have u ...
Nebius shares hit two-week high as former OpenAI employee's fund buys stake
May 28 : Nebius Group's shares climbed 9 per cent on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.The stock hit its highest in two weeks after the fund, named Situational Awareness, disclosed that it owned 12.41 millio ...
Nebius shares jump as former OpenAI employee's fund buys stake
May 28 : Nebius Group's shares climbed 6.4 per cent on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.The stock hit its highest in two weeks after the fund, named Situational Awareness, disclosed that it owned 12.41 mill ...
