Business - News Articles

Anthropic Launches Employee Share Sale at $350 Billion Valuation

Feb 24, 2026

Bloomberg.com

Anthropic launches a massive employee share sale valued at $350 billion, with between $5 billion and $6 billion lined up for eligible current and former employees to cash out.

Funding Business

IBM Shares Plummet 13% as Anthropic's Claude Code Threatens Core COBOL Modernization Business

Feb 24, 2026

CNBC

IBM shares plummet 13.2% to $223.35, pushing year-to-date losses past 24%, after Anthropic's Claude Code tool threatens IBM's lucrative COBOL modernization business by automating complex legacy code analysis that previously took human analysts months to complete.

Finance Coding & Developer Tools Business Foundation Models

Pentagon Threatens Anthropic With Contract Termination Over AI Safeguard Standoff

Feb 24, 2026

Axios

The Pentagon threatens to terminate Anthropic's defense contracts after CEO Dario Amodei refuses to lift AI safeguards, as the military demands unrestricted access to Claude for classified systems while Anthropic holds firm against enabling mass surveillance and autonomous weapons.

Defense & Warfare AI Safety Regulation Business

Trump's $500B Stargate AI Initiative Stalls as OpenAI, Oracle, and SoftBank Clash Over Data Center Control

Feb 23, 2026

Tom's Hardware

Trump's $500B Stargate AI initiative is stalling as OpenAI, Oracle, and SoftBank clash over data center ownership, forcing a compromise where SoftBank owns a Texas facility while OpenAI controls its design — leaving the ambitious project far short of its original vision.

Data Centers Business Funding Geopolitics

OpenAI Launches Ads in ChatGPT, Hitting Free Users From Their Very First Message

Feb 23, 2026

WinBuzzer

OpenAI launches a formal ad program in ChatGPT, hitting free U.S. users with sponsored placements from brands like Expedia, Target, and Ford starting from their very first message, while paid subscribers remain ad-free and advertisers face a $200,000 minimum commitment at a $60 CPM rate.

Marketing Consumer Products Business

Apple Accelerates AI Smart Glasses Development, Acquires AI Startup for $2 Billion in Push to Rival Meta Ray-Bans

Feb 23, 2026

9to5Mac

Apple accelerates its AI smart glasses development, acquiring AI startup Q.ai for $2 billion to enable silent voice input and facial movement recognition, as it races to challenge Meta Ray-Bans with a premium, self-contained device featuring dual cameras — all potentially launching within the next year.

AR/VR & Wearables Business Audio & Voice

Perplexity Drops Ad Plans, Pivots to Subscriptions and Enterprise in Crowded AI Market

Feb 23, 2026

The Deep View

Perplexity abandons its advertising strategy and pivots to subscriptions and enterprise deals, betting that ad-free AI search will build consumer trust — but the startup faces fierce competition from Google, ChatGPT, and Anthropic as it fights for a foothold in an increasingly crowded market.

Search Business Funding

OpenAI Races to Launch Six AI-Powered Devices With Smart Earbud Leading the Pack for September Release

Feb 23, 2026

The Deep View

OpenAI is racing to launch six AI-powered devices — including smart glasses, a speaker, a lamp, a pin, a pen, and a frontrunner smart earbud targeting a September release — developed by a team of former Apple designers led by Jony Ive, though consumer trust remains a hurdle with only …

AR/VR & Wearables Consumer Products Hardware Business

OpenAI Slashes Infrastructure Spending Target to $600B While Finalizing $100B+ Funding Round at $730B Valuation

Feb 20, 2026

CNBC

OpenAI slashes its infrastructure spending target to $600B by 2030—down from $1.4T—while finalizing a massive $100B+ funding round at a $730B valuation, with Nvidia potentially investing $30B alongside SoftBank and Amazon, as the AI giant projects $280B in revenue by 2030.

Funding Business Data Centers

OpenAI and Anthropic CEOs Refuse to Make Eye Contact in Awkward Group Photo with Modi as AI Rivalry Intensifies

Feb 20, 2026

Fortune

OpenAI's Sam Altman and Anthropic's Dario Amodei make their fierce rivalry impossible to ignore, refusing to make eye contact or hold hands during a group photo with Indian Prime Minister Modi as their companies battle for AI dominance amid a $380 billion valuation surge and a very public Super Bowl …

Business Geopolitics