News & Updates
The latest news and updates from companies in the WLTH portfolio.
Polymarket odds for Hormuz traffic normal by 2026 drop to 56.5%
predict.info -- Premium Domain For Sale Domain only: USD 200,000. Prediction platform technology priced separately. predict.info Polymarket Reprices Strait of Hormuz "Traffic Returns to Normal" Odds After Iran Parliament "Management" Bill Report Polymarket traders have repriced the "Strait of Hormuz traffic returns to normal by December 31?" contract to 56.5% Yes on $5.09M matched, down from 85.5%. The catalyst is a report that Iran's parliament has begun work on a "management of the Strait of Hormuz" bill, and the move highlights how quickly the market discounts year-end normalization odds. Key Takeaways * Polymarket implies a 56.5% chance (Yes) that Strait of Hormuz traffic returns to normal by Dec. 31, with No at 43.5%. * After a report about Iran's parliament working on a "management of the Strait of Hormuz" bill, traders marked down the normalization likelihood from 85.5% to 56.5%. * The contract resolves on 2026-12-31; pricing now reflects a sharply lower year-end normalization probability than the prior market level. A report says Iran's parliament has begun work on legislation described as a "management of the Strait of Hormuz" bill. The story frames the initiative as a parliamentary move focused on how the strait would be handled, drawing attention to potential policy or operational changes around the waterway. Market Reaction: Odds Drop 85.5% → 56.5% Yes on $5.09M Matched Liquidity (No Rebounds to 43.5%) This is a binary Yes/No market: a 56.5% Yes price means traders currently assign just over even odds that traffic is back to "normal" by the 2026-12-31 resolution date, while 43.5% No prices the alternative. The headline shift is the magnitude of the repricing -- down from 85.5% previously to 56.5% now -- showing a large increase in perceived tail risk that normalization does not occur on the year-end timeline, even though Yes remains the leading outcome. With $5,090,635 matched, the move is not a low-liquidity blip; it signals a broad reset in collective expectations rather than a marginal adjustment. The available history flags a bearish trend with moderate momentum and volatility plus reversal_detected=true, consistent with a market that had been comfortable at high-80s odds but is now willing to entertain materially worse scenarios as new information arrives. Compared with slower narrative-based assessments, the contract translates the catalyst directly into an updated, continuously tradable probability that will keep moving as traders test what "returns to normal" should imply for settlement by year-end. Watch whether the Yes price can hold above the mid-50s or continues to slide toward parity (50/50) as the market digests what "management" could mean for year-end conditions; any further large step-changes in odds on this active market will matter more than small day-to-day noise ahead of the 2026-12-31 resolution. Other Polymarket Contracts Traders Watch Next: Oil-Price, Shipping Disruption, and Crypto Volatility Hedges Linked to Ho Beyond the Strait-focused contract, traders often triangulate sentiment by scanning adjacent Polymarket lines that price escalation and diplomatic pathways in parallel. Right now, "Iran military action against a gulf state on...?" sits at 100.0% (July 12) on $3,834,570 matched, while "Will the U.S. invade Iran before 2027?" is 81.5% No with $41,393,109 in volume. On the timeline/event side, "Iran full airspace closure by...?" leads at 42.5% (August 31) on $3,610,721, and "US-Iran Final Nuclear Deal by...?" is 30.5% (December 31) on $9,866,859 -- useful cross-checks for how the platform is pricing risk across dates and venues. Odds Trend By the Numbers * Platform: Polymarket * Market: Strait of Hormuz traffic returns to normal by December 31? * Resolution window: Dec 31, 2026 (UTC) * Status: Active (open for trading) * Leading implied prob.: 56.5% * Volume: ~$5,090,635 * Top outcomes: Yes: Yes 56.5% / No 43.5%; No: Yes 56.5% / No 43.5%
Canada government warns country's largest financial institutions and banks on Anthropic's Claude Mythos and other AI models; says: New technology can ...
Canada's federal banking regulator has warned the country's largest financial institutions about the risks posed by Anthropic's Claude Mythos and other advanced AI systems, according to a report by Reuters. In an April email obtained by Reuters, the Office of the Superintendent of Financial Institutions (OSFI) cautioned that frontier AI models could increase cyber threats and compress the time banks have to identify and fix the vulnerabilities. The email, sent to chief technology, information security, and risk officers across Canada's financial industry, outlined practices to enhance risk identification and response. "Advanced artificial intelligence models, such as Anthropic Claude Mythos, significantly compress the timeframe for effective risk mitigation," OSFI wrote.Following Reuters' inquiries, OSFI published a public bulletin emphasising its technology-neutral, risk-focused approach. The regulator said its concern is not the technology itself but how institutions govern and manage risks associated with its use.Cybersecurity experts have described Mythos as extremely capable at finding and exploiting vulnerabilities, raising alarms for legacy banking systems. The warning comes after U.S. regulators, including Treasury Secretary Scott Bessent and then-Federal Reserve Chair Jerome Powell, convened urgent meetings with bank CEOs earlier this year to discuss similar risks.Canada's big six banks -- Royal Bank of Canada, TD Bank, BMO, Scotiabank, CIBC, and National Bank -- have all disclosed AI initiatives ranging from chatbots to internal tools. RBC's AI Group Head Bruce Ross said Mythos underscores a shift in the cyberattack landscape: "The way we're dealing with it is building our own AI defenses... we'll continue to do that."The Canadian government has said it has access to Anthropic's Project Glasswing, which enables companies to use Mythos, though it remains unclear which banks are deploying it. The Canadian Bankers Association noted that institutions have invested heavily in cybersecurity and comply with OSFI's robust requirements for risk management and incident reporting.Recently, Anthropic revealed that its AI model Claude uses a small enterable workspace to hold and manipulate ideas without expressing them in words. The said that this structure, dubbed 'J-Space', shows intriguing similarities to how humans consciously access thoughts. According to a report by Axios, in a video demonstration, Anthropic explained, "We can see Claude silently perform reasoning steps in its head -- noticing bugs in code, identifying images, and more." The J-Space operates separately from the "chain of thought" reasoning Claude shares with users, allowing the model to plan strategies unrelated to its immediate task.Anthropic's findings also highlight a division between deliberate reasoning and the larger volume of automatic computation beneath it. In the research paper the company used a word "conscious" more than 200 times, though it stopped short of claiming Claude is conscious. The discovery adds fuel to ongoing debates over machine consciousness and whether advanced AI systems are approaching AGI.
Samsung to produce custom AI chips for Anthropic: report
https://www.manufacturingtodayindia.com/anthropic-explores-samsung-partnership-for-custom-ai-chip Samsung Electronics' foundry division has reportedly agreed to manufacture custom AI chips for Anthropic, according to local media sources. This development, reported by social media account @WhaleInsider, suggests a significant partnership between the South Korean tech giant and the AI startup known for its advanced models such as Sonnet 5 and Opus 4.8. While this news seems to confirm earlier reports of negotiations, authoritative sources had previously described the talks as preliminary, with no finalized commitments. The deal, if confirmed, would position Samsung as a fifth silicon supplier for Anthropic, complementing existing partners like Nvidia and Google. Key Takeaways * Reports suggest that Samsung Electronics' foundry division has agreed to produce AI chips for Anthropic, indicating potential collaboration. * The news appears consistent with Anthropic's strategy to diversify its silicon suppliers, alongside Nvidia, Google, and Amazon. * Market pricing implies this development could positively influence Anthropic's valuation prospects, with potential increases in the company's market perception. What to Watch Observers should monitor for official confirmations from Samsung or Anthropic, as such announcements would clarify the status of the agreement. Additionally, any updates on Anthropic's chip specifications, integration plans, or performance targets could further influence market perceptions. As the situation develops, shifts in the odds of Anthropic's valuation reaching $1.25 trillion by December 31 may provide additional insights into market sentiment. Get live prediction-market analysis, powered by Vera. Sign up for Vera.
Knowledge Nugget | SpaceX's latest launch raises a question: What powers satellites?
Take a look at the essential concepts, terms, quotes, or phenomena every day and brush up your knowledge. Here's your knowledge nugget for today. Knowledge Nugget: World's first commercial nuclear-powered satellite and how are satellites powered in space Subject: Science and Technology Why in the news? SpaceX has successfully launched what is being described as the world's first commercially built nuclear-powered satellite, marking a significant milestone for space-based nuclear technology. Let's understand the nuclear-powered satellite and what powers the satellites in space. Key takeaways: 1. The satellite, called BOHR (Betavoltaic Orbital High-Reliability), was developed by Florida-based company City Labs and lifted off on July 7 aboard a SpaceX Falcon 9 rocket as part of the company's Transporter-17 rideshare mission from Vandenberg Space Force Base in California. 2. BOHR is a demonstration mission designed to test City Labs' proprietary NanoTritium betavoltaic micropower source in space for the first time. 3. NanoTritium generates electricity by using the beta particles released during the radioactive decay of tritium, a radioactive form of hydrogen. Those particles are converted directly into electrical energy using a semiconductor device. Tritium Tritium is a radioactive isotope of hydrogen. Isotopes are atoms with the same number of protons but different numbers of neutrons. Tritium has same number of protons and electrons as hydrogen but has 2 neutrons, whereas regular hydrogen does not have any. Story continues below this ad Tritium is produced naturally from interactions of cosmic rays with gases in the upper atmosphere, and is also a by-product of nuclear reactors. It is present in our Pressurized Heavy Water Reactors (PHWRs). Like all radioactive isotopes, tritium decays. As it decays, it emits beta radiation. As tritium decays, it changes to helium. 4. The technology differs from the radioisotope thermoelectric generators used on NASA spacecraft such as the Voyager probes, which generate power from heat emitted by decaying plutonium. 5. Although BOHR still depends on solar panels for its primary spacecraft operations, the mission is intended to demonstrate how betavoltaic power systems could eventually support spacecraft operating in environments where sunlight is scarce. 6. City Labs believes the technology could one day power missions to permanently shadowed regions of the Moon, including craters near the lunar south pole that receive little or no direct sunlight. Story continues below this ad What powers satellites in Space? 7. According to NASA, "a spacecraft generally gets its energy from at least one of three power sources: the Sun, batteries or unstable atoms." The instruments mounted on the spacecraft for various tasks need electricity supply to function. 8. A reliable source of power supply is the sun. According to the European Space Agency (ESA), "the Sun provides around 1.4 kilowatts of power per square metre in Earth orbit - a bountiful resource that spacecraft designers do their very best to take advantage of. This is why the majority of spacecraft incorporate wing-like solar arrays or else have them layered across their hull. 9. Today most satellites rely on advanced solar cells with an efficiency around 30% and on Li-ion batteries. When the distance to the Sun becomes too large, i.e. typically beyond Jupiter, then the solar flux can no longer be used effectively and nuclear sources are the only option left." 10. Also, the efficiency of the Photovoltaic cells is reduced by heating from the Sun and radiation damage during a satellite's lifetime. This means that solar arrays have to be of a significant size to deliver useful power levels. This is one of the reasons for exploring an alternative source of supplying power to the spacecraft. Story continues below this ad BEYOND THE NUGGET: Voyager 1 1. On April 17, engineers at NASA's Jet Propulsion Laboratory (JPL) in Southern California shut down one of its long-running science instruments aboard Voyager 1 called the Low-Energy Charged Particles experiment, or LECP, as the spacecraft ran critically low on power. 2. Voyager 1 had run out of power to operate all of its systems. The spacecraft is equipped with a radioisotope thermoelectric generator that utilises the heat generated by decaying plutonium and transforms it into electric power. The energy level, however, has declined gradually since the probes were launched; about 4 watts disappear every year. 3. Without such steps, nuclear-powered spacecraft risk triggering an automatic fault protection system that could shut down multiple components at once, making recovery far more difficult. 4. Launched in 1977, Voyager 1 is one of the most important space missions ever undertaken. It was originally sent to study the outer planets, including Jupiter and Saturn, but it went far beyond its initial goal. Today, it is the most distant human-made object in space, travelling through interstellar space at high speed. Story continues below this ad 5. Voyager 2 was launched on August 20, 1977, two weeks before the September 5 Voyager 1 takeoff. Voyager 1 and Voyager 2 are identical spacecraft. Each of them is equipped with instruments to carry out 10 different experiments 6. The most interesting discoveries made by Voyager 1 included the finding that Io, one of Jupiter's moons, was geologically active. The spacecraft noted the presence of at least eight active volcanoes "spewing material into space, making it one of the most (if not the most) geologically active planetary bodies in the solar system," another report by NASA said. Post Read Question Consider the following statements: 1. Tritium is a radioactive isobar of hydrogen. 2. NanoTritium generates electricity by using the beta particles. 3. A radioisotope thermoelectric generator utilises the heat generated by decaying plutonium and transforms it into electric power. Which of the statements given above is/are correct? (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3 Answer Key (b) (Sources: The legacy of the Voyager mission, Why Nasa shut down a key Voyager 1 instrument after 49 years, SpaceX launches world's first commercial nuclear-powered satellite, Nasa, Esa, Isro) Story continues below this ad Subscribe to our UPSC newsletter. Stay updated with the latest UPSC articles by joining our Telegram channel - IndianExpress UPSC Hub, and follow us on Instagram and X. 🚨 Click Here to read the UPSC Essentials magazine for June 2026. Share your views and suggestions in the comment box or at [email protected]🚨
Anthropic introduces India pricing for Claude as AI race heats up
Anthropic has introduced local pricing for its Claude AI chatbot in India, marking a significant step in its expansion strategy as global AI companies compete for users in one of the world's fastest-growing technology markets. The company has begun displaying Indian rupee pricing for Claude subscriptions on its website and mobile apps for some users. However, unlike OpenAI's ChatGPT, Anthropic has yet to support India's Unified Payments Interface (UPI). Users need to pay using credit or debit cards or through Apple and Google's app store billing systems. The pricing update addresses a long-standing complaint from Indian users, who previously had to pay in US dollars, often incurring additional currency conversion charges. India has emerged as Anthropic's biggest market outside the United States, accounting for 5.8 per cent of global Claude usage, according to the company. Also Read | Anthropic extends Claude Fable 5 access to paid subscribers until July 19: Here's what changes later Under the new pricing structure, Claude Pro costs Rs 2,000 per month when billed annually. The premium Claude Max plan starts at Rs 11,999 per month, while Claude Team subscriptions begin at Rs 2,399 per user per month. Anthropic says the listed prices already include applicable local taxes, though pricing may vary slightly between the website and mobile apps. The move reflects Anthropic's increasing focus on India. Earlier this year, the company opened its Bengaluru office and appointed former Microsoft India managing director Irina Ghose to lead its operations in the country. It has also signed partnerships with Indian IT giants Infosys and Tata Consultancy Services to expand enterprise AI adoption. Also read: Anthropic expands Claude Cowork to mobile and web, letting AI agent work across devices India has become a key battleground for AI companies because of its massive developer community and technology workforce. While millions of users are experimenting with AI tools, converting that interest into paid subscriptions remains challenging due to the country's price-sensitive consumer market. Story continues below this ad OpenAI introduced Indian rupee pricing and UPI payments for ChatGPT last year, while Google, Microsoft, and other AI firms continue expanding their services and enterprise offerings across India.
Anthropic's Claude AI Gets India Pricing: Here's What Pro, Max And Team Plans Cost in India
If you have been using Claude AI from India, you might have faced a common annoyance - paying in US dollars and currency conversion charges. That's finally starting to change. Claude AI, the company behind the AI chatbot, has begun to introduce Indian rupee pricing for its paid subscription plans. The rollout is currently limited to some users but the move is expected to make it much easier for Indian developers, students, professionals and businesses to subscribe without worrying about fluctuating exchange rates. The news comes as India is one of the fastest-growing markets for Anthropic. The company said India is the second largest market for the AI chatbot after the United States, making up 5.8% of global usage of Claude. Claude AI Now Has India Pricing Users are starting to see prices in rupees on the website and mobile apps of Claude now. Previously, subscriptions were charged in US dollars, which meant that Indian users had to pay extra because of currency conversion and international transaction charges. Now, users can see the price in Indian Rupees before they subscribe, with the new pricing. But there is one problem. UPI payment is not supported by Anthropic yet, and users have to pay via debit or credit card or through Apple's App Store and Google Play billing systems. Claude AI Subscription Prices in India Here is the price of the paid plans for Indian users on the website of Claude: Prices shown for India include applicable local taxes. Subscription prices may differ slightly on the Claude mobile app due to app store billing policies. What Do These Plans Offer? Depending on how often you use AI, Claude has a tiered subscription structure. The Claude Pro is aimed at everyday users who need higher usage limits, faster responses and access to Anthropic's latest AI models. Claude Max is for power users, developers, and professionals who require much higher usage limits for coding, writing, research, and other intensive AI work. The team plan is designed for businesses and organisations that want multiple users to work under one workspace and collaboration features. Free Claude Fable 5 Offer Gets More Time Anthropic has also expanded its free trial offering for Claude Fable 5. The free access that was scheduled to expire on July 12 has been extended through July 19, 2026. In this promotional period: * Eligible users can use Claude Fable 5 free of charge. * Users can also get a 50% increase in weekly usage limits. The offer is available to users on Claude Pro, Claude Max, Team and premium seats under enterprise plans. Anthropic's support documentation states that the free access and higher usage limits will remain available until 11:59:59 PM PT on July 19, 2026. Why India Matters To Anthropic India has rapidly emerged as one of the world's most critical AI markets. Generative AI tools have been adopted so quickly thanks to a big community of developers, software engineers, startups and students. Anthropic has been building up its presence in the country, seeing an opportunity. The company launched an office in Bengaluru earlier this year and brought in former Microsoft India MD Irina Ghose to lead its India business. It has also tied up with Indian IT majors Infosys and Tata Consultancy Services (TCS) to spur enterprise AI adoption. There Are Still Some Challenges Pricing is going local, but there are still some hurdles. The most significant missing feature is the support for UPI, which has become the preferred mode of payment for millions of Indians. Until Anthropic rolls out UPI payments, users will still have to rely on international card payments or app store billing. In June, the company also drew criticism for temporarily blocking access to some of its newest AI models for users outside the US. Since then, Claude Fable 5 has been available again but Mythos 5 is still not widely accessible to many international users. Why This Update Matters The biggest benefit for Indian users isn't necessarily that Claude has become cheaper. Local pricing also provides more transparency and convenience. Before subscribing, users don't have to figure out the exchange rates or be concerned about hidden fees when doing international transactions. As AI companies scramble to win over India's burgeoning user base, local pricing is fast becoming an important way to make premium AI services more accessible.
The companies building AI -- OpenAI, Google DeepMind, Anthropic -- co-signed a letter on Monday warning that their own technology could trigger an economic transformation larger than the Industrial Revolution, unfolding so fast that existing institutions have no realistic path to keep up without immediate action - Silicon Canals
On Monday, 13 July, a coalition of economists, AI researchers and technology executives issued an unusually compressed warning about the economic consequences of increasingly capable artificial intelligence. The three-point statement says AI may become radically more powerful within ten years and could produce an economic transformation larger than the Industrial Revolution in a much shorter period. One distinction belongs at the top of the story. OpenAI, Google DeepMind and Anthropic did not sign as corporate entities. Individuals associated with those organisations signed in their own names, among them OpenAI chief financial officer Sarah Friar, Google senior vice-president and chief scientist Jeff Dean, Anthropic co-founder Jack Clark and several members of Anthropic's economic-research team. That gives the warning the weight of people close to the leading AI laboratories. It does not turn it into a corporate commitment. What the statement actually says The statement, titled We Must Act Now, makes three claims. AI may become much more powerful over the next decade. That progress could bring large-scale job displacement as well as major gains in living standards. Economists, policymakers and technology leaders should therefore begin building the incentives, guardrails and institutions needed to make AI complement people and benefit society. Its grammar matters. "May" and "could" acknowledge uncertainty. The signatories are not saying mass unemployment is certain, nor that existing institutions have no possible way to adapt. They are arguing that the plausible scale and speed of change make waiting for certainty an unreasonable strategy. This is a statement of concern, not an economic model. It offers no forecast of net employment, no timetable for particular capabilities and no estimate of how productivity gains might be divided. Its force comes from the breadth of the coalition and the proximity of some signatories to the systems under discussion. Who signed, and who did not The statement was organised by Stanford Digital Economy Lab director Erik Brynjolfsson, University of Toronto economist Ajay Agrawal, University of Virginia economist Anton Korinek and METR economist Tom Cunningham. A Stanford Digital Economy Lab launch announcement said more than 200 people had signed, including 16 Nobel laureates. The public list includes Daron Acemoglu, Joseph Stiglitz, Michael Spence, Simon Johnson, Paul Krugman and Ben Bernanke, as well as AI researchers Yoshua Bengio and Yann LeCun. Alongside Friar and Dean are OpenAI personnel Ronnie Chatterji, Dean Ball, Noam Brown and Boaz Barak; Anthropic figures including Korinek, Clark, Peter McCrory, Maxim Massenkoff and Zoë Hitzig; and Michiel Bakker of Google DeepMind. Those affiliations are relevant, but the signatures remain personal. They indicate concern among people working inside or near the organisations developing advanced AI. They do not bind those organisations to disclose labour impacts, slow a deployment, fund worker adjustment or support a particular law. This is more than a technicality. Corporate action has budgets, reporting lines and measurable obligations. An open letter has moral and reputational force, but it creates none of those things by itself. The Industrial Revolution comparison is about compressed time The historical comparison is easy to read as a confident claim about magnitude. The wording is more careful. It describes a possible transformation and places most of the emphasis on compression: economic change that unfolded across generations during industrialisation might arrive within years. Speed matters because institutions adjust through slow processes. Education systems revise curricula. Companies redesign jobs. Unions negotiate. Governments legislate. Social-insurance systems expand. Each process depends on information about which tasks are changing, who bears the losses and where the gains are accumulating. Current labour evidence supports concern about broad exposure without establishing a job apocalypse. The International Labour Organization's 2025 global index, built from almost 30,000 occupational tasks and labour data from more than 140 countries, estimated that one in four workers was in an occupation with some exposure to generative AI. It concluded that job transformation was more likely than full replacement because most occupations still contain tasks requiring human input. A June 2026 ILO review of empirical evidence found emerging productivity benefits, but also risks involving inequality, fewer opportunities for younger workers, worker autonomy and job quality. That is a more complicated picture than either frictionless prosperity or the disappearance of work. Exposure is not the same as displacement. A system may perform part of a job without eliminating the job, while still changing hiring, bargaining power, entry-level pathways and the pace at which work is done. Those second-order changes are exactly where slow institutions can fall behind a fast deployment cycle. "Act now" is still not a programme The signatories ask for incentives, guardrails and institutions, but do not specify which ones. The launch material points towards more research, policy development and coordination among economists, governments and technology leaders. It leaves unresolved the distributional questions: who pays for retraining, how workers share productivity gains, what information laboratories must disclose and which protections should exist before systems are deployed. Preparation inside businesses is already uneven. An OECD study of small and medium-sized enterprises in seven countries, published in November 2025, found substantial use of generative AI but also examined gaps in skills and the limited steps many employers had taken to prepare workers. Adoption and institutional readiness do not automatically move together. The statement does not call for a pause in AI development. It asks society to shape the economic consequences while development continues. That position is compatible with very different responses, including worker consultation, stronger social protection, tax changes, disclosure requirements and public investment in education. The coalition has agreed on urgency, not on the political choices that urgency creates. A warning from inside the industry is not accountability It is notable that people linked to AI laboratories are warning about the economic effects of their own field. Their proximity may give them a clearer view of capability trends. It also places them inside organisations with strong incentives to commercialise those capabilities quickly. That tension should not be used to dismiss the statement. It should prevent readers from treating signatures as sufficient. A serious institutional response needs data on deployment, affected tasks, hiring, wages and productivity. Workers, governments and independent researchers also need enough access and bargaining power to test claims made by the companies building the systems. Monday's letter does not establish that an Industrial Revolution-sized change is inevitable. It says that a broad group, including people near the laboratories, considers the possibility serious enough to prepare for now. The next test is whether the warning produces concrete commitments while there is still time to argue over who benefits, who pays and who gets a say.
FAA clears SpaceX for next Starship test flight after completing mishap review The Mainstream
SpaceX has received approval to move ahead with its next Starship test flight after the US Federal Aviation Administration (FAA) completed its review of the booster return failure that occurred during the rocket's 12th test flight in May. The next launch from Starbase, Texas, could take place as early as Thursday. During the May 22 mission, the latest version of Starship successfully sent its upper stage onto a suborbital path toward the Indian Ocean. However, the Super Heavy booster failed to complete its planned controlled landing in the Gulf of Mexico after 5 of its 33 Raptor engines did not restart during descent. The FAA said the booster also suffered heat damage during stage separation about 2 minutes into the flight, while "erroneous engine alarm system settings" contributed to the failed return. As a result, the booster crashed into the Gulf of Mexico at high speed and exploded on impact. According to the FAA, SpaceX has identified 4 corrective actions to address the booster return failure. The company also confirmed that one engine on the Starship upper stage failed during Flight 12 and said it has introduced "several hardware and operational modifications" to resolve "the interconnected causes," without providing further details. The upcoming 13th Starship test flight is scheduled within a 90-minute launch window beginning at 6:45 p.m. ET on Thursday. Similar to the previous mission, SpaceX plans to land the Super Heavy booster in the Gulf of Mexico while the Starship upper stage will make a water landing in the Indian Ocean after an approximately 1-hour suborbital flight. The mission will also mark the 1st deployment of actual Starlink V3 satellites from Starship. 20 satellites will be released during the flight, with some carrying sensors to monitor the rocket's heatshield during re-entry. The satellites will eventually burn up in Earth's atmosphere. SpaceX expects to begin regular Starlink V3 launches using Starship by the end of 2026. The company has invested more than $15 billion in the rocket's development, with its future satellite expansion and long-term plans for AI-processing satellites depending on the success of the reusable launch system. Also read: Viksit Workforce for a Viksit Bharat Do Follow: The Mainstream LinkedIn | The Mainstream Facebook | The Mainstream Youtube | The Mainstream Twitter About us: The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
Meet DeepSeek's Liang Wenfeng, the Chinese entrepreneur who is now world's richest AI founder, surpassing Anthropic's Dario Amodei
DeepSeek founder Liang Wenfeng's net worth has significantly increased after a recent funding round. He is now the world's wealthiest creator of artificial intelligence models. This surge in valuation makes him a prominent figure in China's tech landscape. His company's success is attributed to early investments in computing power. Liang's substantial equity retention distinguishes him from Silicon Valley peers. DeepSeek founder Liang Wenfeng has emerged as the world's richest AI model creator after his company's latest fundraising round more than doubled his personal fortune. According to the Bloomberg Billionaires Index, Liang's net worth has surged to $36 billion, up from around $16.7 billion, placing him ahead of Anthropic co-founder Dario Amodei and OpenAI co-founder Greg Brockman among founders of AI model companies. Most of Liang's wealth stems from his ownership of DeepSeek. The company's valuation climbed nearly fivefold from the $10 billion reported in April, driven by strong investor demand. DeepSeek's $7.4 billion funding round in June 2026 valued the startup at $50 billion. During the round, Liang personally invested $3 billion, and despite dilution, he is estimated to retain a 78% stake in the company, according to the Bloomberg Billionaires Index. Who is Liang? Liang was born in 1985 in Zhanjiang, in China's southern Guangdong province, where his father was an elementary school teacher. He studied electronic engineering at Zhejiang University, a prestigious college in the city of Hangzhou where he also earned a master's degree in information and communication engineering. Liang created DeepSeek in 2023 as an offshoot of the AI division of his hedge fund, Zhejiang High-Flyer Asset Management, which he set up with two former university classmates. The trio had begun trading as students during the global financial crisis. Chinese engineer Liang Wenfeng rose to prominence in the AI industry after founding DeepSeek, building on the success of his quantitative hedge fund, High-Flyer. As DeepSeek continues to make waves in the global tech industry, here's a look at the man behind the company. He later founded High-Flyer, a quantitative hedge fund that now manages around $8 billion in assets, making it one of China's largest firms in the space. Liang has cited legendary mathematician and Renaissance Technologies founder Jim Simons as a key inspiration for his investment approach. Recognising the potential of artificial intelligence early, Liang's team began investing heavily in computing infrastructure in 2019, building powerful systems powered by Nvidia graphics processing units (GPUs). That early investment laid the groundwork for the launch of DeepSeek, which has since emerged as one of the most closely watched AI startups globally. How did Liang get so rich?Liang Wenfeng stands out from many of his Silicon Valley counterparts for retaining an unusually large ownership stake in his company. Unlike many US AI founders, who often dilute their holdings significantly to raise capital from venture capital firms and technology giants, Liang has maintained a stake of nearly 78% in DeepSeek. That high level of ownership has not only given him greater control over the company but has also significantly boosted his personal wealth. While leading AI firms such as OpenAI and Anthropic boast enormous valuations, ownership in those companies is typically spread across multiple founders, investors and institutional backers, reported Bloomberg. With an estimated net worth of $36 billion, Liang is now China's eighth-richest person, ranking just behind Cambricon Technologies co-founder Chen Tianshi, another prominent figure in the country's AI industry.
Anthropic Reveals Claude AI India Pricing: Claude Pro Starts at ₹2,000, Max Goes Up to ₹23,999
Anthropic has launched Claude AI India pricing in rupees. Claude Pro starts at ₹2,000, Max goes up to ₹23,999, while UPI payments are still unavailable. India has become too important for Anthropic to ignore. In a major move for its growing Indian user base, the company has started rolling out claude ai india pricing in Indian rupees, ending the hassle of paying in US dollars and dealing with foreign exchange charges. The rollout makes Claude subscriptions far easier to understand for developers, students and businesses, although one important feature is still missing, UPI payments. The new pricing has started appearing for users on Claude's website and mobile apps as Anthropic deepens its focus on what it says is now its second-largest market after the United States. Claude AI India pricing: Pro, Max and Team plans Under the new anthropic claude india pricing, users can subscribe directly in Indian rupees with GST included. The free version of Claude will continue to remain available. While the prices remove uncertainty around currency conversion and foreign transaction fees, Indian users still cannot pay using UPI. Payments currently work through credit cards, debit cards, Apple App Store billing and Google Play billing. Why the Claude AI India rollout matters The launch of local pricing is more significant than just changing currencies. Anthropic says India now contributes around 5.8% of global Claude usage, making it the company's biggest market outside the US. That growing demand explains why the AI company has accelerated its India expansion over the past year. Anthropic has already strengthened its presence in India by opening its Bengaluru office, appointing former Microsoft India Managing Director Irina Ghose to lead its India business, and expanding enterprise partnerships with Infosys and Tata Consultancy Services (TCS). These moves clearly show that India is becoming central to Anthropic's long-term growth strategy. What does the anthropic claude india subscription include? The anthropic claude india subscription offers the same features available globally. Claude Pro includes: * Access to Sonnet 5, Opus and Fable 5 models (where available) * Higher usage limits * Research mode * Memory * Unlimited Projects * Web Search * Claude Code * Voice capabilities * Microsoft 365 integration Meanwhile, Claude Max targets power users with much higher usage limits, priority access during busy periods and early access to new AI features. The Team plan is aimed at businesses, offering centralized administration, larger context windows, API credits and enterprise collaboration features. Fable 5 promotion extended until July 19 Alongside the pricing announcement, Anthropic has also extended its promotional offer for Claude Fable 5. The company confirmed that eligible Pro, Max, Team and Enterprise users can continue accessing Fable 5 until July 19, 2026, while also receiving up to 50% higher weekly Claude Code usage limits during the promotional period. The offer was originally scheduled to end on July 12 before being extended. The missing piece: No UPI support yet Despite local billing, one complaint continues to dominate user discussions. Unlike OpenAI, which introduced Indian rupee pricing with UPI support, Anthropic still requires card payments or app-store billing. For a country where UPI has become the preferred digital payment method, its absence is noticeable. Some users may also point out that Claude's India pricing is slightly higher than the direct US dollar equivalent. However, the listed prices already include GST and eliminate foreign exchange fees, making the final payment more transparent than before. Competition in India's AI market is heating up Anthropic's India pricing arrives as competition among AI companies intensifies. OpenAI, Google , Microsoft and several newer AI players are rapidly expanding across India through local partnerships, enterprise offerings and consumer subscriptions. By introducing rupee billing, Anthropic removes one of the biggest barriers preventing free users from upgrading to paid plans. Whether the company adds UPI support next could determine how quickly Claude grows among everyday Indian users. For now, the rollout marks an important milestone. It signals that India is no longer just a large user base for Anthropic, it has become one of the company's most strategically important markets worldwide.
SpaceX stock now makes up 25.7% of this top FTSE 100 investment trust!
You're reading a free article with opinions that may differ from The Twelfth Magpie's Premium Investing Services. Become a member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more, and get a free 'Best Buy Now' stock!. Scottish Mortgage Investment Trust (LSE:SMT) has done fantastically well in the FTSE 100 over the past couple of years. Since late 2023, the growth trust's share price has more than doubled. Much of this has been driven by the incredible success of Space Exploration Technologies, which it first invested in back in 2018. That stake has ballooned in value. However, Scottish Mortgage is currently in a strange period. While it's sitting on massive unrealised profits, it can't offload any SpaceX shares until the rocket/satellite firm reports its Q2 results, sometime in August. At that point, only 20% can be sold, rising to 30% if SpaceX stock is 30% above its IPO price. But that's not guranteed because it's currently only just above its IPO price of $135. For better or worse then, Scottish Mortgage's day-to-day share price performance is currently tied to what happens with SpaceX. And at the end of June, Elon Musk's firm made up a whopping 25.7% of assets! Should Scottish Mortgage investors be worried? Holding at scale For me, the answer depends on how large a weighting SpaceX is by mid-December. Then, the investment trust will be able to sell the entire position if it chooses to. However, reading manager Tom Slater's latest commentary on SpaceX's monopolistic position and commercial opportunities makes it clear that SpaceX will likely remain a top holding. SpaceX is...a dual monopoly in launch and global connectivity, with Starlink building highly profitable, recurring revenue that the best software businesses aspire to, except that its assets are in orbit and extraordinarily difficult to replicate...If Starship achieves full reusability, the economics of placing AI infrastructure in orbit become compelling. And that's why we hold it at scale. Tom Slater, July 2026. Fair enough. But surely holding SpaceX "at scale" won't involve it being over 20% of total assets, though? If so, then I think there's a lot of concentration risk because SpaceX's valuation looks too high to me. At a market cap of $1.8trn, it's trading at around 47 times this year's forecast sales. No profits are expected until 2028 due to heavy AI capex. Speaking as a Scottish Mortgage shareholder, I would like to see SpaceX reduced to 4%-8% of the portfolio (in line with TSMC and Nvidia). At this type of weighting, it can still drive meaningful returns if successful, while the damage is limited if its valuation fails to live up to expectations. Beyond SpaceX While SpaceX hogs all the headlines, it's important to remember that the rest of the portfolio's progressing well. Holdings MercadoLibre, Nu, Revolut, and Stripe are growing rapidly as they build the infrastructure of digital finance. Anthropic's annualised revenue run rate has gone from $1bn at the start of 2025 to more than $47bn today. And TSMC, SK Hynix, Nvidia and ASML are all at the very epicentre of the AI infrastructure buildout. Meanwhile, Cloudflare is helping websites identify and charge AI agents for access to their content. In Q1, CEO Matthew Prince said that AI is "shaping up to be the biggest tailwind we've ever seen in Cloudflare's history". Scottish Mortgage is trading at a 7% discount to net asset value. If the stock keep falling, I think it's worth considering on the dip, then holding long term. Should you invest £5,000 in Scottish Mortgage Investment Trust Plc right now? When investing expert Mark Rogers and his team have a stock tip, it can pay to listen. After all, the flagship Twelfth Magpie Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets. And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Scottish Mortgage Investment Trust Plc made the list? Ben McPoland owns shares in Cloudflare, MercadoLibre, Nu Holdings, Nvidia, Scottish Mortgage, and TSMC.
No SpaceX, No Tesla? No Problem for These 'Ex-Elon' ETFs
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Two new funds are borrowing from Mean Girls' Gretchen Wieners, telling Elon Musk: "You can't sit with us." Subversive ETFs filed with the Securities and Exchange Commission last week to launch a pair of "ex-Elon funds," including the Nasdaq-100 Ex-Elon Enterprises ETF (QQNE) and S&P 500 Ex-Elon Enterprises ETF (SPNE). The actively managed products offer exposure to the Nasdaq-100 and S&P 500, respectively, but ditch any securities in companies founded, controlled, led or primarily associated with Musk. In other words, mostly SpaceX and Tesla. There are plenty of reasons investors may want to kick the world's richest man out of their portfolios: his polarizing views and right-wing politics, including an on-again-off-again alliance with President Trump, his controversial labor practices, market-moving comments on crypto and, of course, his handling of chainsaws, just to name a few. But will that actually compel investors to move assets into these new funds? "In theory, the ETF is an interesting idea, since many investors may have strong opinions about Elon Musk," said Aniket Ullal, head of ETF research and analytics at CFRA. "In practice, however, it will have to overcome several challenges." Sign up for The Daily Upside at no cost for premium analysis on all your favorite stocks. READ ALSO: New Memory ETFs Look to Cache In on DRAM's Historic Success and What's Behind a Rare Week in the Red for ETF Flows X'ing Out Musk This isn't Subversive's first time hoping that excluding certain types of investments will curry favor with investors. Its Subversive Metaverse ETF (PUNK), which focused on metaverse companies but excluded Meta, launched in 2022 before being shut down the year after. But this time, it's betting that excluding Musk's companies will lure investors who view the "potential corporate governance concerns, political risks, and heightened share-price volatility" often tied to those firms as "less desirable," per the filing. It likely won't be an easy road for QQNE and SPNE, Ullal said:
Anthropic introduces India pricing for Claude as AI race heats up
Anthropic has introduced local pricing for its Claude AI chatbot in India, marking a significant step in its expansion strategy as global AI companies compete for users in one of the world's fastest-growing technology markets. The company has begun displaying Indian rupee pricing for Claude subscriptions on its website and mobile apps for some users. However, unlike OpenAI's ChatGPT, Anthropic has yet to support India's Unified Payments Interface (UPI). Users need to pay using credit or debit cards or through Apple and Google's app store billing systems. The pricing update addresses a long-standing complaint from Indian users, who previously had to pay in US dollars, often incurring additional currency conversion charges. India has emerged as Anthropic's biggest market outside the United States, accounting for 5.8 per cent of global Claude usage, according to the company. Also Read | Anthropic extends Claude Fable 5 access to paid subscribers until July 19: Here's what changes later Under the new pricing structure, Claude Pro costs Rs 2,000 per month when billed annually. The premium Claude Max plan starts at Rs 11,999 per month, while Claude Team subscriptions begin at Rs 2,399 per user per month. Anthropic says the listed prices already include applicable local taxes, though pricing may vary slightly between the website and mobile apps. The move reflects Anthropic's increasing focus on India. Earlier this year, the company opened its Bengaluru office and appointed former Microsoft India managing director Irina Ghose to lead its operations in the country. It has also signed partnerships with Indian IT giants Infosys and Tata Consultancy Services to expand enterprise AI adoption. Also read: Anthropic expands Claude Cowork to mobile and web, letting AI agent work across devices India has become a key battleground for AI companies because of its massive developer community and technology workforce. While millions of users are experimenting with AI tools, converting that interest into paid subscriptions remains challenging due to the country's price-sensitive consumer market. Story continues below this ad OpenAI introduced Indian rupee pricing and UPI payments for ChatGPT last year, while Google, Microsoft, and other AI firms continue expanding their services and enterprise offerings across India.
Anthropic 'clear leader in AI', says Musk. Here's what the SpaceX chief really means
Elon Musk does not often admit he was wrong. But he has. Responding on X to a user who noted that SpaceX controls the computing power Anthropic depends on, and could, in theory, cut it off, Musk said he never would. He went further, calling Anthropic the clear leader in AI and saying no rival had shipped a model as good as its Mythos and Fable systems. He expects a Mythos 2 before long. The turn is surprising, given that last September, he wrote that winning was never a possible outcome for Anthropic. In February, after it raised $30bn at a $380bn valuation, he called its models "misanthropic and evil" and told it to fix them. Five months on, the same company is his benchmark for the field. The praise is not free Take the compliment at face value and it reads as rare humility. Look at the plumbing and a second motive appears. In May, Anthropic agreed to lease the entire output of xAI's Colossus 1 data centre near Memphis, about 300 megawatts, paying roughly $1.25bn a month through 2029. That is close to $40bn flowing to Musk's side of the table. He is not just admiring Anthropic. He is billing it. A rival who pays you $40bn is a rival worth flattering. Musk's pledge not to weaponise that dependence costs him nothing and buys goodwill with a customer he needs. The admiration may be real. It is also good business. Playground politics? The sharper reading sits one company over. Musk co-founded OpenAI in 2015 as a non-profit, left the board in 2018 after the others refused to hand him control, and has fought it since. He sued Altman and OpenAI in 2024, accusing them of abandoning the founding mission for private gain. He sought more than $150bn in damages, Altman's removal and the unwinding of the for-profit structure. In May, a jury threw the case out, finding Musk had waited too long to file. He called the verdict a "calendar technicality" and vowed to appeal. By July, the feud was personal again. Musk branded Altman "Scam Altman" after Apple sued OpenAI, and Altman replied that the surest sign his new model led the field was that Musk was obsessed with him again. Against that backdrop, crowning Anthropic the leader does double duty. It is a real judgement about the models. It is also a way to tell the market that the AI company that matters is not the one he is suing. Both are racing to the same finish line Timing sharpens the point. Both firms filed confidentially for stock market listings in June, within days of each other. Anthropic, valued at about $965bn in private markets, is pushing for a Nasdaq debut as early as October. It could be the first company to list at close to $1tn, and it expects its first profitable quarter, with around $559m in operating income on $10.9bn of revenue.
Anthropic 'clear leader in AI', says Musk. Here's what the SpaceX chief really means
Elon Musk does not often admit he was wrong. But he has. Responding on X to a user who noted that SpaceX controls the computing power Anthropic depends on, and could, in theory, cut it off, Musk said he never would. He went further, calling Anthropic the clear leader in AI and saying no rival had shipped a model as good as its Mythos and Fable systems. He expects a Mythos 2 before long. The turn is surprising, given that last September, he wrote that winning was never a possible outcome for Anthropic. In February, after it raised $30bn at a $380bn valuation, he called its models "misanthropic and evil" and told it to fix them. Five months on, the same company is his benchmark for the field. The praise is not free Take the compliment at face value and it reads as rare humility. Look at the plumbing and a second motive appears. In May, Anthropic agreed to lease the entire output of xAI's Colossus 1 data centre near Memphis, about 300 megawatts, paying roughly $1.25bn a month through 2029. That is close to $40bn flowing to Musk's side of the table. He is not just admiring Anthropic. He is billing it. A rival who pays you $40bn is a rival worth flattering. Musk's pledge not to weaponise that dependence costs him nothing and buys goodwill with a customer he needs. The admiration may be real. It is also good business. Playground politics? The sharper reading sits one company over. Musk co-founded OpenAI in 2015 as a non-profit, left the board in 2018 after the others refused to hand him control, and has fought it since. He sued Altman and OpenAI in 2024, accusing them of abandoning the founding mission for private gain. He sought more than $150bn in damages, Altman's removal and the unwinding of the for-profit structure. In May, a jury threw the case out, finding Musk had waited too long to file. He called the verdict a "calendar technicality" and vowed to appeal. By July, the feud was personal again. Musk branded Altman "Scam Altman" after Apple sued OpenAI, and Altman replied that the surest sign his new model led the field was that Musk was obsessed with him again. Against that backdrop, crowning Anthropic the leader does double duty. It is a real judgement about the models. It is also a way to tell the market that the AI company that matters is not the one he is suing. Both are racing to the same finish line Timing sharpens the point. Both firms filed confidentially for stock market listings in June, within days of each other. Anthropic, valued at about $965bn in private markets, is pushing for a Nasdaq debut as early as October. It could be the first company to list at close to $1tn, and it expects its first profitable quarter, with around $559m in operating income on $10.9bn of revenue.
Share Market News: IT stocks hits upper circuit as company signs a 5-year AI deal with SpaceX International, check details here
Under this agreement, BCSSL-USA will be able to provide tailored services related to artificial intelligence (AI) infrastructure, cloud-based AI platforms, enterprise AI solutions, AI consulting, AI integration, and digital transformation. New Delhi: Shares of Blue Cloud Softech Solutions Ltd., a small-cap AI-based IT company with a market cap of Rs 1,712.51 crore, hit a 5 percent upper circuit in the opening trade even as the benchmark indices fell due to ongoing tensions in the Middle East. The stock opened at Rs 22 on the BSE today against the previous close of Rs 21.66 and gained to touch the high of Rs 22.74. The action comes as the company announced in its latest exchange filing that its US-based subsidiary, BCSSL-USA, has entered into a five-year Master Services Agreement (MSA) with SpaceX International Ltd. Under this agreement, BCSSL-USA will be able to provide tailored services related to artificial intelligence (AI) infrastructure, cloud-based AI platforms, enterprise AI solutions, AI consulting, AI integration, and digital transformation. Tejesh Kumar Kodali, Chairman of Blue Cloud Softech Group, stated that this five-year agreement with SpaceX International Ltd. is a major step toward expanding the company's global AI business. According to him, this agreement will enable BCSSL-USA to provide enterprise AI solutions and AI infrastructure services at scale. He added that this partnership demonstrates customer confidence in the company's AI capabilities and will further strengthen the company's presence in international markets. Bhaskar Nallamilli, CEO of BCSSL-USA, said this agreement further strengthens the company's position as a trusted partner in the field of enterprise AI transformation. He added that the company will work with the customer to provide large-scale AI infrastructure, a cloud-based AI platform, and AI-enabled digital transformation services. All of these services will be provided under separate Statements of Work to be negotiated between the two parties. Markets tumble in early trade as rising oil prices dent sentiment Market benchmark indices Sensex and Nifty declined in early trade on Tuesday dragged by a sharp rally in crude oil prices due to the renewed flare-up in West Asia. Fresh foreign fund outflows and a weak trend in global peers also put pressure on the markets. The 30-share BSE Sensex dropped 552.99 points to 77,063.41 in early trade. The 50-share NSE Nifty declined 160.45 points to 24,050.55. Brent crude, the global oil benchmark, quoted 1.63 per cent higher at USD 84.60 per barrel. "There are some headwinds blowing again which might impact the Indian market in the near-term. The escalation of US-Iran conflict has pushed Brent crude to USD 84. If this spike continues it will again start impacting India's macros," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. Disclaimer: India.com provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Anthropic 'clear leader in AI', says Musk. Here's what the SpaceX chief really means
Elon Musk does not often admit he was wrong. But he has. Responding on X to a user who noted that SpaceX controls the computing power Anthropic depends on, and could, in theory, cut it off, Musk said he never would. He went further, calling Anthropic the clear leader in AI and saying no rival had shipped a model as good as its Mythos and Fable systems. He expects a Mythos 2 before long. The turn is surprising, given that last September, he wrote that winning was never a possible outcome for Anthropic. In February, after it raised $30bn at a $380bn valuation, he called its models "misanthropic and evil" and told it to fix them. Five months on, the same company is his benchmark for the field. The praise is not free Take the compliment at face value and it reads as rare humility. Look at the plumbing and a second motive appears. In May, Anthropic agreed to lease the entire output of xAI's Colossus 1 data centre near Memphis, about 300 megawatts, paying roughly $1.25bn a month through 2029. That is close to $40bn flowing to Musk's side of the table. He is not just admiring Anthropic. He is billing it. A rival who pays you $40bn is a rival worth flattering. Musk's pledge not to weaponise that dependence costs him nothing and buys goodwill with a customer he needs. The admiration may be real. It is also good business. Playground politics? The sharper reading sits one company over. Musk co-founded OpenAI in 2015 as a non-profit, left the board in 2018 after the others refused to hand him control, and has fought it since. He sued Altman and OpenAI in 2024, accusing them of abandoning the founding mission for private gain. He sought more than $150bn in damages, Altman's removal and the unwinding of the for-profit structure. In May, a jury threw the case out, finding Musk had waited too long to file. He called the verdict a "calendar technicality" and vowed to appeal. By July, the feud was personal again. Musk branded Altman "Scam Altman" after Apple sued OpenAI, and Altman replied that the surest sign his new model led the field was that Musk was obsessed with him again. Against that backdrop, crowning Anthropic the leader does double duty. It is a real judgement about the models. It is also a way to tell the market that the AI company that matters is not the one he is suing. Both are racing to the same finish line Timing sharpens the point. Both firms filed confidentially for stock market listings in June, within days of each other. Anthropic, valued at about $965bn in private markets, is pushing for a Nasdaq debut as early as October. It could be the first company to list at close to $1tn, and it expects its first profitable quarter, with around $559m in operating income on $10.9bn of revenue. OpenAI, valued a little lower and still loss-making, is leaning toward 2027, wary after SpaceX's own listing spiked and then surrendered much of the gain. Altman is holding out for a $1tn price. Here the two threads meet. Whoever lists first sets the benchmark the second is priced against. Anthropic going out ahead, blessed by Musk as the field's leader, helps fix the multiple bankers who later apply to OpenAI. Musk talking up the rival he profits from, while running down the rival he is suing, shapes the terms on which his enemy will one day face public investors. None of this proves the praise is hollow. Musk may well think Anthropic makes the best models right now. But "wowed by the model" and "at war with OpenAI" were never competing explanations. They are the same move. The compliment serves his balance sheet and his grudge at once, and it lands in the narrow window before both labs ask the market to price them.
Anthropic 'clear leader in AI', says Musk. Here's what the SpaceX chief really means
Elon Musk does not often admit he was wrong. But he has. Responding on X to a user who noted that SpaceX controls the computing power Anthropic depends on, and could, in theory, cut it off, Musk said he never would. He went further, calling Anthropic the clear leader in AI and saying no rival had shipped a model as good as its Mythos and Fable systems. He expects a Mythos 2 before long. The turn is surprising, given that last September, he wrote that winning was never a possible outcome for Anthropic. In February, after it raised $30bn at a $380bn valuation, he called its models "misanthropic and evil" and told it to fix them. Five months on, the same company is his benchmark for the field. The praise is not free Take the compliment at face value and it reads as rare humility. Look at the plumbing and a second motive appears. In May, Anthropic agreed to lease the entire output of xAI's Colossus 1 data centre near Memphis, about 300 megawatts, paying roughly $1.25bn a month through 2029. That is close to $40bn flowing to Musk's side of the table. He is not just admiring Anthropic. He is billing it. A rival who pays you $40bn is a rival worth flattering. Musk's pledge not to weaponise that dependence costs him nothing and buys goodwill with a customer he needs. The admiration may be real. It is also good business. Playground politics? The sharper reading sits one company over. Musk co-founded OpenAI in 2015 as a non-profit, left the board in 2018 after the others refused to hand him control, and has fought it since. He sued Altman and OpenAI in 2024, accusing them of abandoning the founding mission for private gain. He sought more than $150bn in damages, Altman's removal and the unwinding of the for-profit structure. In May, a jury threw the case out, finding Musk had waited too long to file. He called the verdict a "calendar technicality" and vowed to appeal. By July, the feud was personal again. Musk branded Altman "Scam Altman" after Apple sued OpenAI, and Altman replied that the surest sign his new model led the field was that Musk was obsessed with him again. Against that backdrop, crowning Anthropic the leader does double duty. It is a real judgement about the models. It is also a way to tell the market that the AI company that matters is not the one he is suing. Both are racing to the same finish line Timing sharpens the point. Both firms filed confidentially for stock market listings in June, within days of each other. Anthropic, valued at about $965bn in private markets, is pushing for a Nasdaq debut as early as October. It could be the first company to list at close to $1tn, and it expects its first profitable quarter, with around $559m in operating income on $10.9bn of revenue. OpenAI, valued a little lower and still loss-making, is leaning toward 2027, wary after SpaceX's own listing spiked and then surrendered much of the gain. Altman is holding out for a $1tn price. Here the two threads meet. Whoever lists first sets the benchmark the second is priced against. Anthropic going out ahead, blessed by Musk as the field's leader, helps fix the multiple bankers who later apply to OpenAI. Musk talking up the rival he profits from, while running down the rival he is suing, shapes the terms on which his enemy will one day face public investors. None of this proves the praise is hollow. Musk may well think Anthropic makes the best models right now. But "wowed by the model" and "at war with OpenAI" were never competing explanations. They are the same move. The compliment serves his balance sheet and his grudge at once, and it lands in the narrow window before both labs ask the market to price them.
Ark Invest doubles down on SpaceX with $52m weekly buying spree
Cathie Wood's Ark Invest has increased its exposure to SpaceX with purchases worth about $52.1 million during the week ended July 10, while cutting positions in semiconductor, streaming and genomics companies as it continued adjusting its portfolios. According to Ark Invest's latest weekly trading disclosure, Space Exploration Technologies Corp. (SPCX) received the firm's largest allocation by value across multiple exchange-traded funds. The investment manager also bought shares of Eli Lilly, Meta Platforms, X-Energy, Coinbase Global and Circle Internet Group, alongside several healthcare, artificial intelligence and defence-related companies. Across individual funds, Ark added SpaceX shares to ARKK, ARKQ, ARKW and ARKX. The latest filings also showed fresh purchases of X-Energy across three ETFs, while Block, Kratos Defense & Security Solutions, Oklo, Pony AI, Kodiak AI and WeRide were among other additions. In healthcare, the firm increased positions in companies including Ionis Pharmaceuticals, Beam Therapeutics, Prime Medicine, Alamar Biosciences, Compass Pathways, and Recursion Pharmaceuticals. Ark continues buying SpaceX after earlier dip purchases The latest trades extend Ark's recent buying activity in SpaceX after several purchases made during the stock's post-listing decline. Last month, the investment firm bought about $32.5 million worth of SpaceX shares after the stock dropped more than 16% from its post-IPO peak. The purchase followed an even larger investment of roughly $444.3 million made across four ETFs on the company's Nasdaq debut on June 12. Ark had also held exposure to SpaceX before its public listing through the ARK Venture Fund, where the aerospace company ranked as the fund's largest holding. Earlier this month, Cathie Wood told Fox Business that SpaceX held a "10-year lead" over competitors, while Ark's internal valuation models projected a base-case enterprise value of about $2.5 trillion by 2030 and a bull-case estimate of approximately $3.1 trillion. Meanwhile, the latest portfolio changes showed the firm reducing holdings in Advanced Micro Devices, Roku, Robinhood Markets, Deere, and Iridium Communications. The disclosures also listed sales of several genomics companies, including Natera, Illumina, Twist Bioscience, 10x Genomics and BioNTech, alongside smaller reductions in Personalis, Absci and Strata Critical Medical. The changes come ahead of the second-quarter earnings season, with the latest disclosures indicating continued portfolio rebalancing across Ark's actively managed funds. The recent buying activity also follows a pattern seen in previous weeks. On June 26, Ark increased its holdings in Coinbase, Circle, Bullish, and Robinhood after all four stocks declined during the trading session. Earlier in June, the firm also purchased about $18.4 million worth of Coinbase shares after the crypto exchange had fallen nearly 13% over the preceding month. Ark manages its exchange-traded funds under a policy that limits any single holding to no more than 10% of a portfolio. The firm periodically adjusts positions to keep those weightings within its target allocations as share prices change.
Why OpenAI wants $1 million from Elon Musk's xAI amid Apple lawsuit
Apple accused OpenAI of stealing confidential hardware designs and manufacturing processes in lawsuit OpenAI has asked the court to award $1 million from Elon Musk's xAI company after the former was hit with a lawsuit filed by Apple over the allegations of trade secrets theft. In the midst of legal challenges, Sam Altman is now seeking such hefty legal costs from his long-standing rival Elon Musk over the dismissal of xAI's trade secret lawsuit. According to the CEO of OpenAI as reported by Bloomberg, xAI's trade secrets lawsuit should never have been filed in the first place. Under this lawsuit, the CEO of SpaceX accused the AI company of encouraging ex-employees to steal confidential data from the company, but offered no evidence to substantiate its claims. Later, the judges dismissed xAI's founder allegations and ruled that hiring practices were routine and not based on illicit activities. A federal judge in San Francisco tossed out the lawsuit earlier this year, stating that xAI lacked proof that OpenAI had encouraged any misconduct. "xAI sued OpenAI first and looked for evidence later, forcing OpenAI to spend substantial resources defeating a sprawling, aggressively litigated trade secret claim for which xAI had no evidentiary support," OpenAI's lawyers wrote. The OpenAI's announcement to seek legal costs came on Monday after the Grok chatbot maker revealed that it plans to appeal repeatedly dismissed claims regarding the role of OpenAI in alleged misconduct. The developments have proved dramatic for Sam Altman as he is also facing a lawsuit from Apple who alleged that the tech giant stole confidential hardware designs and manufacturing processes to build their own devices. Moreover, the iPhone maker also accused OpenAI of encouraging some of its employees to "share confidential information, product components, engineering drawings and other materials related to future Apple devices." With lawsuit filed by Apple, the public feud between Elon Musk and Sam Altman has deepened as they exchanged barbs on X platform. In response to this alleged lawsuit, Musk criticized Altman calling him a "scammer" who took this alleged crime to another new level. Musk also claimed on his X post that OpenAI CEO "had graduated from stealing an open source AI charity to trying to steal all of Apple's phone technology."
