money Archives - Teknotum

Anthropic confidentially files paperwork for Initial Public Offering

The company says the filing does not mean it will announce going public any time soon, but some speculate it might come as early as this fall, according to The New York Times.

The documents submitted to the Securities and Exchange Commission detail operations, and typically include potential risks, C-suite compensation «and other financials,» The Verge writes.

The filing of the S-1 form, the public declaration on finances and risks, will come at a later date, Anthropic says, and will be determined by «market conditions and other factors.» They only need to file a prospectus fifteen days before publicly soliciting stocks, CNBC reports.

An actual IPO from Anthropic is expected to be massive, as the recent fundraise at a $965 billion valuation would indicate. The company has an annualized run rate of some $47 billion, but investors are more keen to see the gross margin, which has been kept secret in its entirety since inception, according to Reuters.

OpenAI is also expected to file an IPO in short order, and with SpaceX already filing, it sets up a blockbuster year for market debuts.

Read more: Anthropic’s announcement, The New York Times, CNBC, The Verge, and market comments from Reuters.

Robinhood unleashes stock trading agents for consumer accounts

Major brokerages already use AI, and now it is coming to consumers. (Picture: Robinhood)

The stock trading platform is announcing agent-based accounts that will trade stocks based on different profiles, and also launched a credit card for them to use online.

— Our mission has always been to democratize finance for all, and now, that mission extends to AI agents, CEO Vlad Tenev said, according to CNBC.

The company says the service is designed with a safety-first mindset, meaning you retain control over trades and purchases by requiring approval first, and get notifications for every transaction.

It works by setting up a dedicated trading account for your agent, separate from your main portfolio. Then you can transfer funds and let the agent trade based on strategies you set out.

It is not the first such agentic framework, there are already specialized stock trading agents from public.com and there’s TradingAgents, but it is for a major player.

Read more: Robinhood’s announcement, CNBC, TechCrunch, and The Verge.

OpenAI’s Q1 2026 ended with $5.7 billion in revenue, and a -122% margin

OpenAI is still leading the pack, but is facing increasing headwinds. (Picture: Adobe)

The Information (paywalled) says sources are telling them that OpenAI landed a billion dollars ahead of Anthropic last quarter, but «only» has an annualized run rate of $30 billion versus Anthropic’s $45B.

The AI lab estimates that its adjusted income margin was at -122%, meaning it lost $1.22 for every dollar earned, driven by high investment costs for infrastructure and compute.

The growth was driven mainly by Codex and enterprise customers, the report said — although ChatGPT growth stalled at about 905 million weekly users in the latest quarter.

OpenAI is said to reveal its IPO plans «within weeks,» Reuters reports, and possibly as soon as «this Friday,» according to CNBC.

Its most recent funding round valued the company at $852 billion, just short of Anthropic’s $900 billion — but their funding round came a little later.

Read more: The Information (paywalled), Ed Zitron on X.

Anthropic aims for first profitable quarter in Q2, with $559 million in the green

Anthropic is reaching for profits, but compute costs might be a damper. (Picture: Shutterstock)

Last quarter ending in March saw an 80-fold growth for Anthropic and a revenue of $4.8 billion, a record for the AI lab.

Next quarter will be even better, sources are telling Reuters and WSJ — projecting a revenue growth of 130% and landing at $10.9 billion, more than double their previous number.

That should land them an operating profit of $559 million, Reuters reports.

This unprecedented growth underscores how Claude has boomed in the new year for coders and enterprises alike, that OpenAI is racing to catch up to.

The Wall Street Journal does however warn that this growth in subscribers also translates to higher computing costs, that might put a significant dent in their yearly profits.

Both OpenAI and Anthropic are expected to file for IPOs in the near future, and OpenAI might file in the coming weeks.

Read more: Reuters, WSJ, and TechCrunch.

Anthropic approves $30 billion in funding at a $900 billion valuation

The huge funding haul would surpass OpenAI’s record valuation of some $852B in April, and comes hot on the heels of Anthropic rebuffing bids at a mere $800B valuation recently.

Their last funding round was at a $380 billion valuation in February, which is less than half of todays numbers just three months ago.

The news was first reported by The Financial Times, who says the round is co-led by Dragoneer Investment Group, Greenoaks Capital, Sequoia Capital, and Altimeter Capital, all offering $2B each, while Anthropic is in talks with «additional investors.»

Anthropic has been on a tear lately, growing its user base 80-fold last quarter, and struggling with the compute power needed, but this is now largely solved.

They are also expected to pass $45 billion in annualized revenue «shortly,» which is five times what they had at the end of last year, Investing.com writes.

Read more: Financial Times (paywalled), The Information (paywalled), and Investing.com.

OpenAI co-founder and President Greg Brockman reveals $30 billion stake

ChatGPT has been a lucrative endeavor for those at the top. (Picture: Shutterstock)

«The compensation was certainly secondary to the mission,» Brockman said in court yesterday, according to NBC News.

He was being questioned at the Musk trial by lawyer Steven Molo, asking «You just happen to be $30 billion richer?»

The OpenAI President also holds a stake in Sam Altman’s family fund and chip company Cerebras, which is a significant supplier to OpenAI, Reuters reports.

Elon Musk is suing OpenAI in a California court, arguing the startup he co-founded has abandoned its altruistic non-profit mission and going on an «enrichment spree» on a for-profit basis. He seeks to paint the executives as greedy.

OpenAI counters that Musk is driven by resentment of their success and an obsession to control the company. The trial is ongoing.

Read more: Trial notes by NBC News, Reuters, Business Insider, and Wired.

Google to invest up to $40 billion in rival/partner Anthropic

Google and Anthropic are rivals in the chatbot arena, but partners in compute. (Picture: Anthropic)

Alphabet, Google’s parent company, has reached an agreement to initially invest $10 billion in Anthropic, increasing to $40 billion on reaching «performance targets,» Reuters reports.

The deal comes hot on the heels of Amazon’s investment of $25 billion this week, also contingent on «commercial milestones.»

Google’s investment comes as Anthropic is seeking to expand its compute capacity after several reports of throttling and downtime for its Claude service, amid rising popularity.

Earlier this month, Google and Broadcom secured a «partnership» with significant compute for Anthropic, as the company announced it had hit a $30 billion annualized run-rate revenue.

Read more: Reuters, CNBC, and TechCrunch.

Anthropic rebuffs «preemptive» investor offers at $800 billion valuations

Catching up to OpenAI? Sources claim Anthropic doubling in value in latest bids. (Picture: Shutterstock)

With explosive growth and a claimed yearly run-rate of $30 billion, Anthropic is turning out to be a hot stock in Silicon Valley and beyond.

Business Insider is now reporting that the AI lab has received «multiple offers» at valuations of $800 billion, citing anonymous sources.

That would put it closer to OpenAI’s already stellar valuation at $852 billion — signifying peak interest in the AI sector at large and Anthropic specifically.

Anthropic just finished a $30 billion funding round in February at a valuation of $380 billion, meaning the latest offers would more than double the company’s value.

Anthropic then said that their revenue had grown 10x each year since inception, and said in April that customers spending $1 million or more had doubled since that.

It is common for «buzzy startups» to be on the receiving end of «preemptive offers,» Business Insider notes.

Read more: Business Insider, Reuters.

Amazon CEO explains $200 billion AI spend, has over $15 billion in AI revenue

AI bets are already starting to pay off for Amazon, Jassy says. (Picture: Shutterstock)

Andy Jassy’s annual shareholder letter this year was all about defending their massive, 60% increase in capital spending on AI infrastructure.

— We’re not investing approximately $200 billion in capex in 2026 on a hunch, he writes according to CNBC. — We’re not going to be conservative in how we play this — we’re investing to be the meaningful leader, and our future business, operating income, and [cash flow] will be much larger because of it, he continues.

There are already deals incoming to support this claim, he writes, noting a $100 billion commitment from OpenAI for AI compute on their server farms.

AI server use at Amazon’s cloud unit has reached more than $15 billion in annualized revenue, Jassy writes, and now represents about 10% of the total for AWS, Reuters reports.

Read more: The shareholder letter (long), writeups on CNBC and Reuters.

OpenAI will «for sure» reserve stock for retail investors in IPO, CFO says

In an interview with CNBC, Chief Financial Officer Sarah Friar stays mum on specifics of going public, but says their recent funding round showed «really strong demand» from retail investors.

She said other companies, like Block and SpaceX have reserved IPO stock for retail investors and OpenAI will «for sure» do the same thing.

— Everybody wants to own part of a rocket company — I hope everyone wants to own part of ChatGPT. It helps when you’re a consumer brand, Friar told the channel.

She won’t comment on a concrete timeline for going public, but says it’s «good hygiene» for the company to «look and feel and act like a public company.»

An OpenAI IPO could come as soon as the second half of 2026, Reuters reports, and could value the company at up to $1 trillion.

Read more: CNBC, Reuters.

OpenAI sounds warning about the AI future, and offers a policy roadmap

OpenAI is offering policy suggestions for an AI world, and warns it is coming sooner than you think. (Picture: Shutterstock)

We are entering the AI age with all engines running, OpenAI says, and we need to be prepared for a future where production is done by robots, capital gains amass rapidly and regular people might be forced out.

While saying there are ways to mitigate this, like offering a four-day workweek and massively expanding the social safety net akin to the New Deal policies after the Great Depression, OpenAI says time is running out.

Their proposals suggest drastically increasing capital gains taxes and offers an idea to tax automation in factories, as they push regular people out of jobs — and envisions creating a public wealth fund powered by AI, that can empower citizens directly and offer them a stake in the future.

OpenAIs policy paper also lays out how they see access to AI as «foundational for participation in the modern economy» and is similar to that of cars or electricity. Every citizen should have access, they say.

Read more: The policy paper (13 pages, dense). Writeups on Axios, Business Insider and TechCrunch.

OpenAI officially closes $122 billion funding round at $852B valuation

OpenAI is by far the most used and valued AI lab, with 40% of revenue from enterprise customers. (Picture: Adobe)

Ahead of a possible stock market debut, the ChatGPT maker is also saying that it will be available in «several» market-traded ETFs managed by Ark Invest.

This will be the first time OpenAI can be traded by individual investors, and over $3 billion is being raised by banks.

The round is led by «strategic partners» Amazon, Nvidia and SoftBank, as previously reported, and OpenAI is committed to consume 2 gigawatts of compute from AWS as part of the deal.

In its announcement, OpenAI brags that ChatGPT has «more than 900 million weekly active users, and over 50 million subscribers. ChatGPT has 6x the monthly web visits and mobile sessions than the next largest AI app, while total AI time spent is 4x the next largest AI app.»

— These are not just growth milestones — they show that frontier AI is becoming part of everyday life for people around the world, they say.

At the same time, OpenAI is openly confirming that they are indeed building a super app, that will combine ChatGPT, Codex, browsing, and «broader agentic capabilities»

Read more: OpenAI’s announcement, CNBC, and TechCrunch.

Mistral raises $830 million in debt to build data center just outside Paris

It’s a big investment for European AI, but significantly lower than what US AI labs are spending. (Picture: Mistral)

The new 44 MW data center will be powered by 13,800 Nvidia chips, and should be online by the second quarter of 2026.

The French AI lab is hoping to secure 200 megawatts of capacity by the end of 2027, Reuters reports.

— Scaling our infrastructure in Europe is ⁠critical to empower our customers and to ensure AI innovation and autonomy remain at the heart of Europe, says Mistral CEO Arthur Mensch.

The news comes hot on the heels of Mistral’s February startup of a €1.2 billion data center in Sweden, according to CNBC.

Mistral is the largest European AI lab, has contracts with the French armed forces, and has secured $3.1 billion in funding so far, TechCrunch writes.

Read more: Reuters, CNBC and TechCrunch.

AI lab Thinking Machines gets investment, gigawatt compute from Nvidia

With no product and an experienced team, Murati’s Thinking Machines lab is rounding up funding. (Picture: Nvidia)

Founded by OpenAI’s former Chief Technology Officer after the 2024 leadership spat, Mira Murati’s Thinking Machines has scored a big deal with Nvidia.

The startup has entered into «a multiyear strategic partnership» that will provide them with both money and significant Vera Rubin compute early next year — about the same level the first version of Grok was trained on.

The parties are not disclosing a sum total, but 1 GW of Nvidia compute is estimated to be worth about $50 billion, Reuters notes.

Murati’s AI lab has been largely secretive about its actual products, releasing a configurable API in December 2025 and vowing to make AI models more accessible, capable and, yes, customizable.

They raised $2 billion at a $12 billion valuation from Andreessen Horowitz and Nvidia in July 2025.

Read more: Joint press release, writeups on Reuters, CNBC and TechCrunch.

Jensen Huang says Nvidia’s investment opportunity in AI labs is closing

Huang figures the privately owned AI labs era might be finished. (Picture: Nvidia)

The Nvidia CEO says the opportunity to invest might soon end, Reuters reports.

The reason for this is straightforward, suspecting that Anthropic and OpenAI going public «later this year» will shutter the window to private equity deals.

The latest deal to fund OpenAI with $30 billion «might be the last time» to «invest in a consequential company like this,» Huang admits.

Nvidia has invested some $130 billion in OpenAI in two rounds, the recent straight up investment, and one circular deal where they paid $100 billion in return for OpenAI buying $100 billion in chips from them.

Likewise, Nvidia was an investor in a November funding round for Anthropic, buying $15 billion in shares from the company.

Read more: Reuters, CNBC and TechCrunch.