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Broadcom's quarterly results show AI chip revenue surging with expectations to double in 2027 and 2028, potentially reaching $230B, while current AI semiconductor revenue accounts for over half of total revenue.
China's MiniMax reported a nearly fourfold increase in revenue in the first half, driven by surging demand for AI technologies.
OpenAI's Agent active users reach 20 million, annualized revenue grows 35%, enterprise business grows over 50%, but user penetration is only at 2%.
Alibaba has launched Wan3.0, an AI video generation model, following a $10 billion share sale.
Anthropic is projected to achieve annualized revenue surpassing $65 billion, marking a sevenfold increase from its pace at the end of the previous year.
Anthropic's annualized revenue surged to $65 billion, with accelerated growth and expectations to hit $100-120 billion by year-end, potentially leading to a $2 trillion IPO.
Utility companies like Constellation Energy, NextEra Energy, and Vistra are reporting concrete earnings growth and raising guidance due to AI data center power demands, backed by multi-year contracts with hyperscalers such as Meta, Microsoft, and Google, though risks exist if AI spending slows.
The paper tests the adage that financial news is priced in before publication, using LLM distillation to classify news events and analyze market reactions. It finds that price moves concentrate before and at publication, with different patterns for fundamental versus story-driven news.
Bloomberg reports OpenAI's annualized revenue has topped $40B, roughly doubling its prior run rate, with growth from coding software, subscriptions, and ads. Anthropic's run-rate revenue crossed $47B in May, though calculation methods may differ.
SpaceX stock dropped below its IPO price for the first time since listing, erasing all gains amid dwindling hype. The company has since expanded into AI with acquisitions and mergers, but investor concerns over spending and debt persist.
OpenAI is reportedly leaning toward delaying its initial public offering (IPO) until next year.
Morningstar has valued SpaceX at $780 billion, about half of the company's targeted IPO valuation.
OpenAI's Q1 revenue reached $5.7 billion, surpassing Anthropic's $4.8 billion, while Anthropic is projected to double its Q1 revenue in Q2 and seeks a valuation up to $950 billion, ahead of OpenAI's $850 billion.
Anthropic is approaching its first profitable quarter, driven by strong growth, as reported by the Wall Street Journal.
Anthropic's revenue is projected to more than double to $10.9 billion in Q2, potentially marking its first profitable quarter, though full-year profitability remains uncertain due to increased compute spending.
Anthropic's revenue is projected to more than double to $10.9 billion in Q2 2026, achieving profitability for the first time with an operating profit of $559 million, according to WSJ.
Anthropic has surged to a $1.2 trillion valuation and 80x growth, surpassing OpenAI, while securing a major compute deal with SpaceX for the Colossus 1 data center.