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Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure
Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 I [...]
Anthropic says it hit a $30 billion revenue run rate after 'crazy' 80x growth
Dario Amodei is not the kind of CEO who talks loosely about numbers. The Anthropic co-founder and chief executive, a former VP of research at OpenAI with a PhD in computational neuroscience from Princ [...]
Perplexity AI unveils hybrid local-cloud inference system at Computex 2026
Perplexity AI, the fast-growing search startup now valued at $20 billion, unveiled what it calls the first hybrid local-server inference orchestrator at Computex 2026 on Monday night, demonstrating so [...]
Anthropic launches Claude Sonnet 5 at a steep discount to its top model as the company races toward a blockbuster IPO
Anthropic today released Claude Sonnet 5, a new AI model that the company says delivers near-flagship performance at mid-tier prices — a move designed to give cost-conscious enterprise developers ac [...]
Claude company Anthropic nears a trillion-dollar valuation after raising $65 billion in Series H
Anthropic raises $65 billion in a Series H round at a $965 billion valuation. Annualized revenue tops $47 billion, according to CFO Krishna Rao. The company plans to invest in safety research, computi [...]
Adobe’s new Firefly AI Assistant wants to run Photoshop, Premiere, Illustrator and more from one prompt
Adobe today launched its most ambitious AI offensive to date, unveiling the Firefly AI Assistant — a new agentic creative tool that can orchestrate complex, multi-step workflows across the company&# [...]
AMD signs a long-term deal to supply OpenAI with multiple generations of Instinct GPUs
AMD has signed a long-term supply deal with OpenAI to deliver multiple generations of its Instinct chips. The agreement covers up to six gigawatts of compute power and includes a stock warrant that co [...]
Cursor is raising $2 billion at a $50 billion valuation as AI coding tools become the fastest-growing software category
In short: AI coding startup Cursor (Anysphere) is in talks to raise at least $2 billion at a $50 billion valuation, co-led by Andreessen Horowitz, Thrive Capital, and Nvidia, nearly doubling its Novem [...]