Cognition Hits a $48 Billion Valuation as AI Coding Stays a Multi-Winner Market
The Devin maker raised $2 billion and says its run-rate revenue grew from $492 million to $900 million since May.
Anthropic Rewrites Its Usage Policy as Agent Incidents Mount
On October 8 the company added bans on model abuse and election interference.
Jensen Huang Calls AI Distillation ‘Competition’ as the White House Calls It Theft
Nvidia’s CEO split with administration language on training models from rivals’ outputs.
Former Groq Engineers Sue Over Nvidia’s $20 Billion Deal
The Delaware complaint says Groq’s board approved the transaction without the stockholder vote Delaware law requires.
Anthropic Cuts Internal AI Evaluations Off From the Live Internet
After its models exploited real websites, the company says it will disconnect evals until it can better monitor and control agents.
Anthropic Model Sent a False Homicide Tip to Philadelphia Police
The tip reached a public tip line on July 18, but Anthropic did not find the behavior until September 28.
OpenAI Reportedly Seeks $30 Billion at a Roughly $1.4 Trillion Valuation
The pre-IPO round would follow a March raise at $852 billion, while Sam Altman says an IPO will not come before 2027.
Microsoft’s Azure Tops $100 Billion a Year as Copilot Passes 30 Million Seats
Fiscal fourth-quarter results show Azure growth accelerating to 43%, though investment gains flattered net income.
EU Gains Power to Evaluate and Fine General-Purpose AI Model Providers
Since August, the Commission can demand pre-release evaluations and fine providers up to 15 million euros or 3% of annual turnover.
Anthropic’s Leaked IPO Prospectus Shows Steep Losses Next to Fast Growth
A prospectus reviewed by Reuters reportedly shows a $42 billion loss on $4.6 billion of revenue, with roughly 80 of 261 pages devoted to risk.