Anthropic told investors its third-quarter revenue rose 45 percent to $16.8 billion. The figures were shared at an investor meeting on Wednesday as the company prepares an initial public offering that could come as soon as next month.
Shares of memory maker SK Hynix fell 10 percent as a sell-off in global tech hardware stocks deepened on Thursday. Investors are weighing fears of a Federal Reserve rate hike alongside worries about AI funding.
Dell shares fell 11 percent and led a broader sell-off in data center stocks after Barclays downgraded Dell, HPE and NetApp. The bank cited concerns that enterprise adoption of AI is lagging.
Bank of America brought in 1,000 contractors to fix software vulnerabilities uncovered by Anthropic's Mythos model. The move offers a rare glimpse of what defending against AI-discovered flaws costs a large company.
Accounts for OpenAI UK Ltd show 110 employees shared £87m in salaries and £168m in shares last year, an average of about £2.3m each. The figures illustrate how much the ChatGPT maker is spending on talent as it prepares a new London headquarters in King's Cross.
New York Attorney General Letitia James disclosed a multi-state investigation into Character.AI that has run for years, as states push for protections on consumer data that could be sold in its bankruptcy. She is among 40 bipartisan attorneys general who filed a notice of interest in the case.