Anthropic IPO is six times oversubscribed and on track to be the largest ever
Orders for Anthropic's IPO exceed available shares by six times, putting it on track to be the biggest public offering in history. Banks are rejecting buy orders from mainland China and Hong Kong, citing US export control rules.
Huge investor demand shows confidence in AI labs remains strong, which affects funding and competition across the industry.
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FBI says North Korean hackers stole over $400 million in crypto using deepfake video calls
The FBI says hackers tied to North Korea stole more than $400 million in cryptocurrency over 18 months in a social engineering scheme codenamed FaceStealer that used deepfake video calls. The finding was part of a coordinated set of US government actions.
Why it mattersA familiar face on a video call is no longer proof of identity, so crypto firms and finance teams need extra checks before moving money.
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OpenAI rolls out ChatGPT Wallet so AI agents can buy things without seeing your card number
OpenAI began rolling out ChatGPT Wallet, which lets its agents pay for purchases using a stand-in card number, so card details are not shared with the agent or the merchant. It was built with American Express, Mastercard and Visa, starts with US Pro subscribers, and requires biometric approval for each purchase.
Why it mattersLetting AI agents spend money for you is now a real product, so shoppers and merchants need to understand how approvals, tokenized cards and agent blocking will work.
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Report says risky financial guarantees, not just personal scandal, drove Jensen Huang's Nvidia exit
A Wall Street Journal report suggests Jensen Huang left Nvidia largely over risky business practices, including billions in financial guarantees to cloud providers and a planned $250 billion deal with OpenAI. Interim CEO Colette Kress had tried to limit that risk.
Why it mattersHow Nvidia handles these guarantees under new leadership could affect AI infrastructure funding across the industry.
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Amodei says Anthropic faces huge uncertainty as compute commitments near $901 billion before IPO
Days before its planned record IPO, Anthropic CEO Dario Amodei called buying compute the company's deepest business dilemma. Its commitments now total nearly $901 billion, and the IPO is largely meant as a financial buffer.
Why it mattersInvestors and customers should know that even top AI labs are betting heavily on future revenue that is not yet certain.
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Firm tied to ex-Nvidia CEO's former partner reportedly arranged $12 billion in chip orders for China
According to the WSJ, Megaspeed, owned by Alice Huang, arranged nearly $12 billion in Nvidia chip orders for Chinese companies in 2024 and 2025. Short seller Culper Research estimates Nvidia's real China revenue share is above 20 percent, far higher than the reported 7 percent.
Why it mattersIf confirmed, it raises serious questions about how well US chip export controls work and how much Nvidia depends on China.
