The AI Safety Company Just Found Its True Purpose — A $60 Billion IPO Anthropic is reportedly going public as early as October. Constitutional AI, meet quarterly guidance.
Starcloud Raised $170M to Move AI Compute Into Orbit. The Bitcoin Miner Is Not the Weirdest Part. AI ate the power grid. Now a Seattle startup wants to launch 88,000 satellites to fix it — and send a Bitcoin miner along for the ride.
Mistral Borrowed $830 Million From Seven Banks to Buy American Chips and Call It European Independence France's most celebrated AI champion just declared sovereignty from US tech infrastructure — and it only took seven banks, Abu Dhabi's money, and 13,800 Nvidia GPUs to do it.
This Week in Snark: SoftBank's Missing $10 Billion, Apple's Siri Surrender, and Sam Altman Definitely Has It Under Control SoftBank borrowed $40 billion to invest $30 billion, Apple outsourced its AI strategy to its competitors, and Sam Altman handed off the "safety stuff" so he could focus on what really matters. A completely normal week.
SoftBank Borrowed $40 Billion to Invest $30 Billion in OpenAI, and I Have So Many Questions Masayoshi Son took out a $40B bridge loan to double down on AI. The bridge leads to an $850B valuation and a lot of faith.
Apple's Bold iOS 27 AI Strategy Is Mostly Just Asking Gemini and Claude to Handle It Siri is getting smarter in iOS 27. Specifically, it's getting smarter by routing your questions to AI assistants that are actually smart.
A Startup Called XFX Is Fixing the Part of Crypto That Still Feels Like a Wire Transfer. Root for Them. Three ex-Bitso founders raised $17 million to solve the foreign exchange problem they kept running into... at Bitso. The startup is called XFX. I find this extremely encouraging.