News & Updates
The latest news and updates from companies in the WLTH portfolio.
Brazil Sues Online Platform Discord Over Alleged Failures in Children Protection
SAO PAULO (AP) -- Brazil's government said on Wednesday it filed a lawsuit in a federal court against Discord, the popular platform for gamers to communicate online, seeking damages of 500 million reais (about $97 million) for the company's alleged failure to protect children online. The move comes in the wake of a July suicide case linked to the platform. Earlier this month, Brazil's government pushed Discord to suspend its live broadcasts in relation to the incident. The Solicitor-General's office for President Luiz Inácio Lula da Silva said in a statement the damages it is seeking from Discord are due to alleged collective psychological harm it has allowed. Discord in Brazil said in a statement that the move by the country's government is "disproportionate" and "does not accurately reflect Discord's approach to safety and compliance with Brazilian law." Brazil's government's 25-page long lawsuit, which was obtained by The Associated Press, says there are severe gaps in its age-verification systems and user safety protections. The company has committed "direct violations to a number of obligations and protective norms of Brazilian law, regarding the special protections and safety of vulnerable groups, including children and teenagers," Brazil's Solicitor-General's office said. The office is also asking the court to order Discord to immediately strengthen parental controls, expand cooperation with local law enforcement, and deploy automated tools to detect and remove dangerous content. The filing also notes that Discord faces similar legal pressure globally, including active lawsuits in U.S. states like Texas, Nevada and New Jersey. Lula, who is seeking reelection in October, and Brazil's Supreme Court have tried to regulate the use of the internet by minors, with mixed results so far, at a moment when countries, including Australia, Canada and Indonesia, are undertaking similar efforts. Brazil's first lady Rosângela Lula da Silva, known as Janja, said on Aug. 6 that the platform should be taken offline, citing the suicide case. Five teenagers were arrested in connection with the death, according to Brazil's justice ministry. Discord has more than 90 million active daily users worldwide, according to its website. ___ Follow AP's Latin America coverage at https://apnews.com/hub/latin-america
Brazil sues online platform Discord over alleged failures in children protection
SAO PAULO -- Brazil's government said on Wednesday it filed a lawsuit in a federal court against Discord, the popular platform for gamers to communicate online, seeking damages of about $97 million for the company's alleged failure to protect children online. The move comes in the wake of a July suicide case linked to the platform. Earlier this month, Brazil's government pushed Discord to suspend its live broadcasts in relation to the incident. The Solicitor-General's office for President Luiz Inácio Lula da Silva said in a statement the damages it is seeking from Discord are due to alleged collective psychological harm it has allowed. Discord in Brazil said in a statement that the move by the country's government is "disproportionate" and "does not accurately reflect Discord's approach to safety and compliance with Brazilian law." Brazil's government's 25-page-long lawsuit, which was obtained by The Associated Press, says there are severe gaps in its age-verification systems and user safety protections. The company has committed "direct violations to a number of obligations and protective norms of Brazilian law, regarding the special protections and safety of vulnerable groups, including children and teenagers," Brazil's Solicitor-General's office said. The office is also asking the court to order Discord to immediately strengthen parental controls, expand cooperation with local law enforcement, and deploy automated tools to detect and remove dangerous content. The filing also notes that Discord faces similar legal pressure globally, including active lawsuits in U.S. states like Texas, Nevada and New Jersey. Lula, who is seeking reelection in October, and Brazil's Supreme Court have tried to regulate the use of the internet by minors, with mixed results so far, at a moment when countries, including Australia, Canada and Indonesia, are undertaking similar efforts. Brazil's first lady Rosângela Lula da Silva, known as Janja, said on Aug. 6 that the platform should be taken offline, citing the suicide case. Five teenagers were arrested in connection with the death, according to Brazil's justice ministry. Discord has more than 90 million active daily users worldwide, according to its website.
Brazil sues Discord for $100mil in child safety case | New Straits Times
RIO DE JANEIRO: The Brazilian government on Wednesday said it was suing the Discord messaging platform for nearly $100 million in damages over its alleged failure to protect children from harmful content and demanded it adopt stronger safeguards. Brazil's National Data Protection Agency (ANPD) ordered Discord to suspend livestreams earlier this month after a 13-year-old girl was goaded into killing herself during a livestream. A government statement said the lawsuit filed Tuesday in the capital, Brasilia, was brought after failed negotiations with Discord, whose proposals were "deemed insufficient to eliminate the identified risks." "The lawsuit seeks to compel the Discord platform to adopt effective measures to protect children, adolescents, and women in the digital environment," said the statement. "It also requests that the company be ordered to pay R$ 500 million ($97 million) in compensation for collective moral damages." What To Read Next The messaging platform, with over 90 million active daily users, agreed to suspend livestreaming in Brazil on August 17, assuring it was working "to make Discord safer for teens." However, Brasilia said it "continues to exhibit flaws in its age verification and user protection mechanisms," exposing users to serious risks, such as those that resulted in the girl's death in July. Five teenagers and an adult have been arrested in connection with the suicide in a small town in central-western Brazil. Over 45 minutes, the teens allegedly encouraged the girl to kill an animal, and when she failed to do so, they encouraged her to kill herself, according to an official with the Justice Ministry's Ciberlab intelligence unit. One of the teens arrested was just 14. Brazil is demanding that Discord implement stricter parental controls, cooperate more closely with the authorities and implement systems capable of detecting and preventing situations that put minors at risk. In a blog post earlier this month, Discord co-founder Stanislav Vishnevskiy assured that the company was working "to make Discord safer for teens." - 'Powerful signal' - Brazil has taken a tough stance against social media platforms, cracking down on disinformation and requiring users under 16 to have their accounts linked to those of their parents. On Tuesday, the ANPD fined TikTok nearly $30 million for failing to implement child safety measures in what it said was a "powerful signal" to social media companies. ANPD director Lorena Giuberti Coutinho said the agency last week initiated proceedings to verify the compliance of 22 social media networks and platforms with a law passed this year to protect children and teens online. "I think we can expect much stronger enforcement action" in coming months, she said. Brazil's Supreme Court has also locked horns with Big Tech, specifically Elon Musk's X, over online disinformation. Supreme Court Judge Alexandre de Moraes has been accused by the Brazilian and American right of censorship for, among other things, blocking access to X for 40 days in 2024.
Brazil sues online platform Discord over alleged failures in children protection
Add Yahoo as a preferred source to see more of our stories on Google. SAO PAULO (AP) -- Brazil's government said on Wednesday it filed a lawsuit in a federal court against Discord, the popular platform for gamers to communicate online, seeking damages of 500 million reais (about $97 million) for the company's alleged failure to protect children online. The move comes in the wake of a July suicide case linked to the platform. Earlier this month, Brazil's government pushed Discord to suspend its live broadcasts in relation to the incident. The Solicitor-General's office for President Luiz Inácio Lula da Silva said in a statement the damages it is seeking from Discord are due to alleged collective psychological harm it has allowed. Discord in Brazil said in a statement that the move by the country's government is "disproportionate" and "does not accurately reflect Discord's approach to safety and compliance with Brazilian law." Brazil's government's 25-page long lawsuit, which was obtained by The Associated Press, says there are severe gaps in its age-verification systems and user safety protections. The company has committed "direct violations to a number of obligations and protective norms of Brazilian law, regarding the special protections and safety of vulnerable groups, including children and teenagers," Brazil's Solicitor-General's office said. The office is also asking the court to order Discord to immediately strengthen parental controls, expand cooperation with local law enforcement, and deploy automated tools to detect and remove dangerous content. The filing also notes that Discord faces similar legal pressure globally, including active lawsuits in U.S. states like Texas, Nevada and New Jersey. Lula, who is seeking reelection in October, and Brazil's Supreme Court have tried to regulate the use of the internet by minors, with mixed results so far, at a moment when countries, including Australia, Canada and Indonesia, are undertaking similar efforts. Brazil's first lady Rosângela Lula da Silva, known as Janja, said on Aug. 6 that the platform should be taken offline, citing the suicide case. Five teenagers were arrested in connection with the death, according to Brazil's justice ministry. Discord has more than 90 million active daily users worldwide, according to its website. ___ Follow AP's Latin America coverage at https://apnews.com/hub/latin-america
Brazil sues online platform Discord over alleged failures in children protection
SAO PAULO (AP) -- Brazil's government said on Wednesday it filed a lawsuit in a federal court against Discord, the popular platform for gamers to communicate online, seeking damages of 500 million reais (about $97 million) for the company's alleged failure to protect children online. The move comes in the wake of a July suicide case linked to the platform. Earlier this month, Brazil's government pushed Discord to suspend its live broadcasts in relation to the incident. The Solicitor-General's office for President Luiz Inácio Lula da Silva said in a statement the damages it is seeking from Discord are due to alleged collective psychological harm it has allowed. Discord in Brazil said in a statement that the move by the country's government is "disproportionate" and "does not accurately reflect Discord's approach to safety and compliance with Brazilian law." Brazil's government's 25-page long lawsuit, which was obtained by The Associated Press, says there are severe gaps in its age-verification systems and user safety protections. The company has committed "direct violations to a number of obligations and protective norms of Brazilian law, regarding the special protections and safety of vulnerable groups, including children and teenagers," Brazil's Solicitor-General's office said. The office is also asking the court to order Discord to immediately strengthen parental controls, expand cooperation with local law enforcement, and deploy automated tools to detect and remove dangerous content. The filing also notes that Discord faces similar legal pressure globally, including active lawsuits in U.S. states like Texas, Nevada and New Jersey. Lula, who is seeking reelection in October, and Brazil's Supreme Court have tried to regulate the use of the internet by minors, with mixed results so far, at a moment when countries, including Australia, Canada and Indonesia, are undertaking similar efforts. Brazil's first lady Rosângela Lula da Silva, known as Janja, said on Aug. 6 that the platform should be taken offline, citing the suicide case. Five teenagers were arrested in connection with the death, according to Brazil's justice ministry. Discord has more than 90 million active daily users worldwide, according to its website. ___ Follow AP's Latin America coverage at https://apnews.com/hub/latin-america
Brazil sues online platform Discord over alleged failures in children protection
SAO PAULO - Brazil's government said on Wednesday it filed a lawsuit in a federal court against Discord, the popular platform for gamers to communicate online, seeking damages of 500 million reais (about $97 million) for the company's alleged failure to protect children online. The move comes in the wake of a July suicide case linked to the platform. Earlier this month, Brazil's government pushed Discord to suspend its live broadcasts in relation to the incident. Recommended Videos The Solicitor-General's office for President Luiz Inácio Lula da Silva said in a statement the damages it is seeking from Discord are due to alleged collective psychological harm it has allowed. Discord in Brazil said in a statement that the move by the country's government is "disproportionate" and "does not accurately reflect Discord's approach to safety and compliance with Brazilian law." Brazil's government's 25-page long lawsuit, which was obtained by The Associated Press, says there are severe gaps in its age-verification systems and user safety protections. The company has committed "direct violations to a number of obligations and protective norms of Brazilian law, regarding the special protections and safety of vulnerable groups, including children and teenagers," Brazil's Solicitor-General's office said. The office is also asking the court to order Discord to immediately strengthen parental controls, expand cooperation with local law enforcement, and deploy automated tools to detect and remove dangerous content. The filing also notes that Discord faces similar legal pressure globally, including active lawsuits in U.S. states like Texas, Nevada and New Jersey. Lula, who is seeking reelection in October, and Brazil's Supreme Court have tried to regulate the use of the internet by minors, with mixed results so far, at a moment when countries, including Australia, Canada and Indonesia, are undertaking similar efforts. Brazil's first lady Rosângela Lula da Silva, known as Janja, said on Aug. 6 that the platform should be taken offline, citing the suicide case. Five teenagers were arrested in connection with the death, according to Brazil's justice ministry. Discord has more than 90 million active daily users worldwide, according to its website. ___ Follow AP's Latin America coverage at https://apnews.com/hub/latin-america
Brazil sues online platform Discord over alleged failures in...
SAO PAULO (AP) - Brazil's government said on Wednesday it filed a lawsuit in a federal court against Discord, the popular platform for gamers to communicate online, seeking damages of 500 million reais (about $97 million) for the company's alleged failure to protect children online. The move comes in the wake of a July suicide case linked to the platform. Earlier this month, Brazil´s government pushed Discord to suspend its live broadcasts in relation to the incident. The Solicitor-General's office for President Luiz Inácio Lula da Silva said in a statement the damages it is seeking from Discord are due to alleged collective psychological harm it has allowed. Discord in Brazil said in a statement that the move by the country´s government is "disproportionate" and "does not accurately reflect Discord´s approach to safety and compliance with Brazilian law." Brazil´s government´s 25-page long lawsuit, which was obtained by The Associated Press, says there are severe gaps in its age-verification systems and user safety protections. The company has committed "direct violations to a number of obligations and protective norms of Brazilian law, regarding the special protections and safety of vulnerable groups, including children and teenagers," Brazil's Solicitor-General's office said. Brazilian President Luiz Inacio Lula da Silva adjusts his hat during a Soldier's Day ceremony at Army headquarters in Brasilia, Brazil, Tuesday, Aug. 25, 2026. (AP Photo/Eraldo Peres) The office is also asking the court to order Discord to immediately strengthen parental controls, expand cooperation with local law enforcement, and deploy automated tools to detect and remove dangerous content. The filing also notes that Discord faces similar legal pressure globally, including active lawsuits in U.S. states like Texas, Nevada and New Jersey. Lula, who is seeking reelection in October, and Brazil's Supreme Court have tried to regulate the use of the internet by minors, with mixed results so far, at a moment when countries, including Australia, Canada and Indonesia, are undertaking similar efforts. Brazil´s first lady Rosângela Lula da Silva, known as Janja, said on Aug. 6 that the platform should be taken offline, citing the suicide case. Five teenagers were arrested in connection with the death, according to Brazil´s justice ministry. Discord has more than 90 million active daily users worldwide, according to its website. ___ Follow AP´s Latin America coverage at https://apnews.com/hub/latin-america
Could Anthropic pull off the biggest IPO ever? Five things you need to know
SAN FRANCISCO, Aug 26 -- Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. Here are five things to know about the company: Built from OpenAI Anthropic was founded in 2021 by former OpenAI executives frustrated over how the potential of AI and concerns over safety were not understood or being taken seriously enough. The company -- whose name means, somewhat paradoxically, "relating to human beings" -- is led by CEO and co-founder Dario Amodei, a San Francisco native with a PhD in biophysics from Princeton University, not computer engineering like so many of his Big Tech peers. His sister Daniela is also a co-founder and the company's president. Anthropic has 5,000 employees, according to PitchBook. Upstart Until this year, Anthropic was in clear second place to OpenAI, which burst onto the scene with ChatGPT in November 2022, transforming the tech industry and triggering an AI arms race. But as OpenAI rolled out products from video creation to web browsers, Anthropic aimed far more narrowly, focusing on building the best platform for computer programmers. That strategy has paid off spectacularly -- coding is the rare AI skill that users are willing to pay handsomely for. Claude Code, its assistant for developers, has become one of the company's most popular products, helping push projected annual revenue to US$65 billion (RM262.3 billion). Only a small per centage of ChatGPT users, meanwhile, pay a subscription fee -- and OpenAI has put video AI and other side projects on the back burner. Trump vs. Anthropic The momentum comes despite severe political headwinds, with Anthropic at loggerheads with the Trump administration -- a state of affairs that could give investors pause. In March, the government broke off its contracts with Anthropic and designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defence Department's move unconstitutional retaliation, and the two sides are now locked in a legal battle that could take years to resolve. The White House also bristles at Amodei's repeated warnings about the dangers of AI -- including the impact on jobs -- and his calls to regulate its deployment like airlines or banks. Amodei is also linked with effective altruism, a philosophy of targeted charitable giving scorned by conservatives in Silicon Valley and Washington. Big money needed Like OpenAI, Anthropic has massive needs for the computing power and infrastructure required to build so-called frontier models that stay ahead of competitors, amid fears that China could catch up. Both have raised money at unprecedented levels, with Anthropic valued at just under one trillion dollars when it raised US$65 billion in May. With venture capitalists -- and even sovereign wealth funds -- no longer able to play in that league, higher sums can only be found on the public markets. This is a risky step that will probably determine whether a business model exists for Anthropic's vision of the AI revolution. OpenAI, after initially promising an IPO this year as well, is now signalling it will wait until 2027. Stomaching the losses According to Bloomberg, Anthropic intends to surpass the record US$86.2 billion that Elon Musk's SpaceX raised in its June IPO. SpaceX, which absorbed Musk's AI startup xAI before going public, made its listing a partial AI bet, too. Its shares skyrocketed initially before coming back down to earth, and now sit at about their US$135 offering price. Anthropic's investors will likewise have to stomach huge losses for the foreseeable future. The company, according to US media reports, lost almost US$42 billion in 2025, and will likely keep bleeding cash for years. To lure investors, according to the Wall Street Journal, Anthropic will promise that revenue opportunities are above US$30 trillion. -- AFP
Five things to know about Anthropic ahead of Wall Street debut
Anthropic was founded in 2021 by former OpenAI executives and is led by CEO Dario Amodei Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. Here are five things to know about the company: - Built from OpenAI - Anthropic was founded in 2021 by former OpenAI executives frustrated over how the potential of AI and concerns over safety were not understood or being taken seriously enough. The company -- whose name means, somewhat paradoxically, "relating to human beings" -- is led by CEO and co-founder Dario Amodei, a San Francisco native with a PhD in biophysics from Princeton University, not computer engineering like so many of his Big Tech peers. His sister Daniela is also a co-founder and the company's president. Anthropic has 5,000 employees, according to PitchBook. - Upstart - Until this year, Anthropic was in clear second place to OpenAI, which burst onto the scene with ChatGPT in November 2022, transforming the tech industry and triggering an AI arms race. But as OpenAI rolled out products from video creation to web browsers, Anthropic aimed far more narrowly, focusing on building the best platform for computer programmers. That strategy has paid off spectacularly -- coding is the rare AI skill that users are willing to pay handsomely for. Claude Code, its assistant for developers, has become one of the company's most popular products, helping push projected annual revenue to $65 billion. Only a small percentage of ChatGPT users, meanwhile, pay a subscription fee -- and OpenAI has put video AI and other side projects on the back burner. - Trump vs. Anthropic - The momentum comes despite severe political headwinds, with Anthropic at loggerheads with the Trump administration -- a state of affairs that could give investors pause. In March, the government broke off its contracts with Anthropic and designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defense Department's move unconstitutional retaliation, and the two sides are now locked in a legal battle that could take years to resolve. The White House also bristles at Amodei's repeated warnings about the dangers of AI -- including the impact on jobs -- and his calls to regulate its deployment like airlines or banks. Amodei is also linked with effective altruism, a philosophy of targeted charitable giving scorned by conservatives in Silicon Valley and Washington. - Big money needed - Like OpenAI, Anthropic has massive needs for the computing power and infrastructure required to build so-called frontier models that stay ahead of competitors, amid fears that China could catch up. Both have raised money at unprecedented levels, with Anthropic valued at just under one trillion dollars when it raised $65 billion in May. With venture capitalists -- and even sovereign wealth funds -- no longer able to play in that league, higher sums can only be found on the public markets. This is a risky step that will probably determine whether a business model exists for Anthropic's vision of the AI revolution. OpenAI, after initially promising an IPO this year as well, is now signaling it will wait until 2027. - Stomaching the losses - According to Bloomberg, Anthropic intends to surpass the record $86.2 billion that Elon Musk's SpaceX raised in its June IPO. SpaceX, which absorbed Musk's AI startup xAI before going public, made its listing a partial AI bet, too. Its shares skyrocketed initially before coming back down to earth, and now sit at about their $135 offering price. Anthropic's investors will likewise have to stomach huge losses for the foreseeable future. The company, according to US media reports, lost almost $42 billion in 2025, and will likely keep bleeding cash for years. To lure investors, according to the Wall Street Journal, Anthropic will promise that revenue opportunities are above $30 trillion.
Five things to know about Anthropic ahead of Wall Street debut
Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. Here are five things to know about the company: - Built from OpenAI - Anthropic was founded in 2021 by former OpenAI executives frustrated over how the potential of AI and concerns over safety were not understood or being taken seriously enough. The company -- whose name means, somewhat paradoxically, "relating to human beings" -- is led by CEO and co-founder Dario Amodei, a San Francisco native with a PhD in biophysics from Princeton University, not computer engineering like so many of his Big Tech peers. His sister Daniela is also a co-founder and the company's president. Anthropic has 5,000 employees, according to PitchBook. - Upstart - Until this year, Anthropic was in clear second place to OpenAI, which burst onto the scene with ChatGPT in November 2022, transforming the tech industry and triggering an AI arms race. But as OpenAI rolled out products from video creation to web browsers, Anthropic aimed far more narrowly, focusing on building the best platform for computer programmers. That strategy has paid off spectacularly -- coding is the rare AI skill that users are willing to pay handsomely for. Claude Code, its assistant for developers, has become one of the company's most popular products, helping push projected annual revenue to $65 billion. Only a small percentage of ChatGPT users, meanwhile, pay a subscription fee -- and OpenAI has put video AI and other side projects on the back burner. - Trump vs. Anthropic - The momentum comes despite severe political headwinds, with Anthropic at loggerheads with the Trump administration -- a state of affairs that could give investors pause. In March, the government broke off its contracts with Anthropic and designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defense Department's move unconstitutional retaliation, and the two sides are now locked in a legal battle that could take years to resolve. The White House also bristles at Amodei's repeated warnings about the dangers of AI -- including the impact on jobs -- and his calls to regulate its deployment like airlines or banks. Amodei is also linked with effective altruism, a philosophy of targeted charitable giving scorned by conservatives in Silicon Valley and Washington. - Big money needed - Like OpenAI, Anthropic has massive needs for the computing power and infrastructure required to build so-called frontier models that stay ahead of competitors, amid fears that China could catch up.
Five things to know about Anthropic ahead of Wall Street debut
San Francisco (United States) (AFP) - Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. Here are five things to know about the company: Built from OpenAI Anthropic was founded in 2021 by former OpenAI executives frustrated over how the potential of AI and concerns over safety were not understood or being taken seriously enough. The company -- whose name means, somewhat paradoxically, "relating to human beings" -- is led by CEO and co-founder Dario Amodei, a San Francisco native with a PhD in biophysics from Princeton University, not computer engineering like so many of his Big Tech peers. His sister Daniela is also a co-founder and the company's president. Anthropic has 5,000 employees, according to PitchBook. Upstart Until this year, Anthropic was in clear second place to OpenAI, which burst onto the scene with ChatGPT in November 2022, transforming the tech industry and triggering an AI arms race. But as OpenAI rolled out products from video creation to web browsers, Anthropic aimed far more narrowly, focusing on building the best platform for computer programmers. That strategy has paid off spectacularly -- coding is the rare AI skill that users are willing to pay handsomely for. Claude Code, its assistant for developers, has become one of the company's most popular products, helping push projected annual revenue to $65 billion. Only a small percentage of ChatGPT users, meanwhile, pay a subscription fee -- and OpenAI has put video AI and other side projects on the back burner. Trump vs. Anthropic The momentum comes despite severe political headwinds, with Anthropic at loggerheads with the Trump administration -- a state of affairs that could give investors pause. In March, the government broke off its contracts with Anthropic and designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defense Department's move unconstitutional retaliation, and the two sides are now locked in a legal battle that could take years to resolve. The White House also bristles at Amodei's repeated warnings about the dangers of AI -- including the impact on jobs -- and his calls to regulate its deployment like airlines or banks. Amodei is also linked with effective altruism, a philosophy of targeted charitable giving scorned by conservatives in Silicon Valley and Washington. Big money needed Like OpenAI, Anthropic has massive needs for the computing power and infrastructure required to build so-called frontier models that stay ahead of competitors, amid fears that China could catch up. Both have raised money at unprecedented levels, with Anthropic valued at just under one trillion dollars when it raised $65 billion in May. With venture capitalists -- and even sovereign wealth funds -- no longer able to play in that league, higher sums can only be found on the public markets. This is a risky step that will probably determine whether a business model exists for Anthropic's vision of the AI revolution. OpenAI, after initially promising an IPO this year as well, is now signaling it will wait until 2027. Stomaching the losses According to Bloomberg, Anthropic intends to surpass the record $86.2 billion that Elon Musk's SpaceX raised in its June IPO. SpaceX, which absorbed Musk's AI startup xAI before going public, made its listing a partial AI bet, too. Its shares skyrocketed initially before coming back down to earth, and now sit at about their $135 offering price. Anthropic's investors will likewise have to stomach huge losses for the foreseeable future. The company, according to US media reports, lost almost $42 billion in 2025, and will likely keep bleeding cash for years. To lure investors, according to the Wall Street Journal, Anthropic will promise that revenue opportunities are above $30 trillion.
Five things to know about Anthropic ahead of Wall Street debut
Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. Here are five things to know about the company: - Built from OpenAI - Anthropic was founded in 2021 by former OpenAI executives frustrated over how the potential of AI and concerns over safety were not understood or being taken seriously enough. The company -- whose name means, somewhat paradoxically, "relating to human beings" -- is led by CEO and co-founder Dario Amodei, a San Francisco native with a PhD in biophysics from Princeton University, not computer engineering like so many of his Big Tech peers. His sister Daniela is also a co-founder and the company's president. Anthropic has 5,000 employees, according to PitchBook. - Upstart - Until this year, Anthropic was in clear second place to OpenAI, which burst onto the scene with ChatGPT in November 2022, transforming the tech industry and triggering an AI arms race. But as OpenAI rolled out products from video creation to web browsers, Anthropic aimed far more narrowly, focusing on building the best platform for computer programmers. That strategy has paid off spectacularly -- coding is the rare AI skill that users are willing to pay handsomely for. Claude Code, its assistant for developers, has become one of the company's most popular products, helping push projected annual revenue to $65 billion. Only a small percentage of ChatGPT users, meanwhile, pay a subscription fee -- and OpenAI has put video AI and other side projects on the back burner. - Trump vs. Anthropic - The momentum comes despite severe political headwinds, with Anthropic at loggerheads with the Trump administration -- a state of affairs that could give investors pause. In March, the government broke off its contracts with Anthropic and designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defense Department's move unconstitutional retaliation, and the two sides are now locked in a legal battle that could take years to resolve. The White House also bristles at Amodei's repeated warnings about the dangers of AI -- including the impact on jobs -- and his calls to regulate its deployment like airlines or banks. Amodei is also linked with effective altruism, a philosophy of targeted charitable giving scorned by conservatives in Silicon Valley and Washington. - Big money needed - Like OpenAI, Anthropic has massive needs for the computing power and infrastructure required to build so-called frontier models that stay ahead of competitors, amid fears that China could catch up.
Anthropic Bets Big on AI With $30 Trillion Revenue Opportunity
Anthropic is reportedly preparing to tell investors that the potential revenue opportunity from its AI business exceeds US$30 trillion. As the makers of Claude, Anthropic is preparing for a possible public listing, and the staggering figure sets an incredible benchmark for the AI industry. According to The Wall Street Journal, people familiar with the matter say Anthropic is set to present the figure to prospective investors. The estimated figure would put the AI company ahead of SpaceX, which recently used a US$28.5 trillion estimate in its own IPO pitch. The figures are based on the total addressable market (TAM) financial metric, which is an estimate of the total revenue available across the markets a company could potentially serve. The US$30 trillion-plus figure is not a forecast of Anthropic's actual revenue, instead representing the theoretical market opportunity the company believes could come from AI as it becomes more and more embedded across businesses and industries. While Anthropic's actual business is growing rapidly, more than doubling its revenue to US$11.6 billion in the second quarter of 2026, according to reports, it is in contrast to the theoretical US$30 trillion-plus opportunity. It does show how aggressively AI companies are shaping up the potential of the emerging AI market. Anthropic needs to compete across a range of applications, while also spending big on infrastructure, research and product development to convert the potential into sustainable revenue. The trillion-dollar figure is interesting as it is difficult to predict how quickly AI will actually transform existing industries, and what proportion of that will ultimately be captured by AI companies. The company, which was founded by siblings Dario and Daniela Amodei, is known for developing one of the leading AI assistants, Claude. Claude's rise in growth and popularity has led to Anthropic becoming one of the most closely watched private companies in the technology sector. A public listing would give investors a new way in to the commercial AI boom, while also subjecting Anthropic to the increase in scrutiny that comes from a public listing. AI investment continues at unprecedented levels, and investors ultimately need to determine whether these trillion-dollar market projections reflect genuine economic transformation, or simply optimism surrounding the technology. According to reports, Anthropic is expected to file its IPO financial disclosures in the coming weeks, so a public listing could happen as early as September or October.
Anthropic Presents 30 Trillion Dollar TAM, Surpassing SpaceX
AI startup's IPO targets $100B raise, $2T valuation citing vast market potential The Wall Street Journal (WSJ), citing sources, reported on the 25th (local time) that Anthropic is expected to present a total addressable market (TAM) of over 30 trillion dollars (approximately 4 quadrillion 1,500 trillion Korean won) in its investment prospectus for its initial public offering (IPO). This exceeds the 28.5 trillion dollars proposed by Elon Musk's SpaceX in June. At the time, SpaceX's TAM included 26.5 trillion dollars allocated to its AI sector. SpaceX categorizes xAI, the AI model 'Grok,' and the social media platform X (formerly Twitter) under its AI business. TAM estimates the theoretical annual revenue a company could generate if it captured 100% of a market. As a metric for gauging future market size, some level of estimation is inevitable. This uncertainty is amplified in the AI industry, where growth speed and scope of application are difficult to predict. SpaceX's TAM announcement also drew skepticism on Wall Street due to its unusually large scale compared to existing cases. The combined revenue of 191 technology companies in the S&P 1500 Index last year amounted to only 2.4 trillion dollars. Aswath Damodaran, a finance professor at New York University known as a "valuation guru," told the WSJ that SpaceX's AI sector TAM figure was "beyond the bounds of plausibility." According to sources, Anthropic is currently reviewing all tasks that AI models could complete to calculate its TAM. Meanwhile, Anthropic is reportedly aiming to raise up to 100 billion dollars in its IPO, surpassing SpaceX's 86 billion dollars. Anthropic targets a corporate valuation of 2 trillion dollars, which would also exceed SpaceX's 1.77 trillion dollars based on its IPO price. Anthropic's IPO is expected to take place as early as September or early October.
Polymarket has favorites for Time's Person of the Year. They are all Trump foes - AOL
In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
Kraken Customers Locked Out After 'Dust Attack' From Sanctioned HTX Wallet - Crypto Economy
Kraken temporarily froze several user accounts after recording nearly 12,000 suspicious microdeposits, a tactic known in the industry as a dust attack. According to a Bloomberg report, the transfers originated from an address linked to HTX (formerly Huobi), immediately triggering the platform's automated anti-money laundering (AML) and sanctions compliance protocols. This incident highlights the operational and cybersecurity challenges faced by centralized platforms. Dusting attacks are typically used to trace wallet owners' identities or trigger false regulatory positives. While Kraken restored access for most affected customers, funds directly subject to sanctions remain frozen, while HTX denied any direct involvement and launched an internal investigation to determine responsibility for the incident. As blockchain forensic investigations progress, the industry is closely watching the effectiveness of compliance filters in preventing unnecessary friction for legitimate users. Source: https://lix.li/0LaQZ Disclaimer: Crypto Economy Flash News is produced from official, public sources verified by our editorial team. Its purpose is to provide quick updates on key developments across the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We always recommend verifying official project channels before making related decisions.
Cathie Wood's ARK sells AMD stock, buys Cerebras Systems By Investing.com
Cathie Wood's ARK ETF published their daily trades for Tuesday, August 25th, 2026, showcasing a strategic shift in its portfolio. The most significant move was a purchase of 93,290 shares of Cerebras Systems Inc (CBRS) across its ARKK and ARKW ETFs, amounting to a total dollar value of $17,298,764. This acquisition aligns with ARK's ongoing interest in the company, as reflected in previous trades. On the selling side, ARK divested 44,062 shares of Twist Bioscience Corporation (TWST) through its ARKK ETF, totaling $6,203,929. This sale follows a trend of reducing its position in Twist Bioscience, as observed in recent trading sessions. Advanced Micro Devices, Inc. (AMD) also saw a reduction in ARK's holdings, with the sale of 7,600 shares through its ARKW ETF, valued at $3,471,300. This continues ARK's recent pattern of offloading AMD shares. In another notable transaction, ARK sold 57,819 shares of Tempus AI, Inc. (TEM) through its ARKK ETF, amounting to $3,825,883. This move suggests a reevaluation of ARK's position in the AI sector. Additionally, ARK offloaded 8,945 shares of Roblox Corp (RBLX) through its ARKK ETF, with a total value of $346,708, further reducing its stake in the gaming platform after consistent sales over the past week. Perceptive Capital Solutions Corp (FRNM) saw ARK increasing its investment with the purchase of 14,549 shares through its ARKG ETF, totaling $200,485, marking a continued interest in this company. Lastly, ARK sold 9,063 shares of Brera Holdings PLC (SLMT) across its ARKK, ARKW, and ARKF ETFs, with a total dollar value of $37,702, maintaining its trend of decreasing exposure to this entity. These trades reflect ARK's dynamic approach to portfolio management, balancing between technology and biotech investments while realigning its focus on emerging opportunities. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Anthropic now expects $30 trillion in revenue after IPO - Cryptopolitan
OpenAI generated $6.7 billion in second-quarter revenue as its losses increased and operating margin worsened. Anthropic is preparing to show investors a market of more than $30 trillion as the Claude maker gets closer to going public. That would put its estimate ahead of SpaceX's $28.5 trillion figure. As per the Wall Street Journal, it is not just a target for revenue but a total addressable market, or TAM, which means that the revenues would be made per year if a company managed to grab all customers in its market range. Startups often use these figures before IPOs, combining industry data, banker models, and assumptions about future demand. With artificial intelligence, things become more complicated. Nobody really knows how far the technology will go in such areas as programming, research, customer services, finance, media, health care, logistics, and others. According to the reports, Anthropic has decided to explore various uses of advanced models. Anthropic counts more AI-driven work as IPO market estimates keep getting bigger SpaceX put its own possible market at $28.5 trillion in a May filing before its June offering. $26.5 trillion of that amount came from AI opportunities. Elon Musk's company described it as "the largest actionable" market in "human history." Wall Street questioned the size because earlier IPO estimates had been nowhere near that high. When Uber Technologies (NYSE: UBER) went public in 2019, it valued its possible market at $6 trillion. Uber built that figure around the value of miles traveled through private vehicles and public transportation worldwide. WeWork later pointed to a $3 trillion opportunity before canceling its planned IPO. Anthropic's estimate goes further. The 191 technology companies in the S&P 1500 produced $2.4 trillion in combined revenue last year, using figures from FactSet (NYSE: FDS). Anthropic's projected market is more than twelve times larger than that annual total. SpaceX's trading after its IPO gives investors a number to watch. The stock climbed after listing, then lost momentum. Shares dropped below $105 during intraday trading in early August before returning to around the $135 offering price. Anthropic overtakes OpenAI in quarterly sales as costs and competition reshape the AI race Anthropic's real business has expanded quickly before its expected listing. Second-quarter revenue reached $11.6 billion, more than double the level. It was also the first quarter when Anthropic brought in more sales than OpenAI. OpenAI reported revenues of $6.7 billion for the period ending in June, up from $5.7 billion in the previous quarter. This represents an 18 percent growth rate. At the same time, the firm's losses grew, and its operating margin slid even closer to zero ahead of its IPO. As some investors were hoping for more progress on Anthropic, the slower growth and bigger losses meant that OpenAI was not performing as well heading into an IPO. Anthropic, meanwhile, recorded a small operating profit. The company has not explained how it calculated that adjusted figure. In updates sent to investors, it excluded stock-based compensation when working out adjusted earnings. However, in 2026, the power dynamics between the two companies altered as ChatGPT experienced slower growth rates while Claude Code grew more popular among developers. As a result, OpenAI had to make changes to its strategy and adjust its management structure. OpenAI spends money on the service of hundreds of millions of ChatGPT users who do not pay for their usage. The company reduced the prices of two new models as corporate clients have become careful with their investments into AI technology, preferring cheaper Chinese models. Anthropic faces similar pressure in terms of price reduction. Before the IPO, the company has tried to allay investor fears concerning the competition from cheaper Chinese models of AI. Moreover, OpenAI suspended development of certain new models and tightened control due to the fact that autonomous agents managed to break containment measures during the test period and hack other companies. This was an additional operating challenge faced by OpenAI while trying to decrease the gap between itself and Anthropic.
Polymarket has favorites for Time's Person of the Year. They are all Trump foes
Add Yahoo as a preferred source to see more of our stories on Google. In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
Polymarket has favorites for Time's Person of the Year. It's not good news for Trump
In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
