News & Updates
The latest news and updates from companies in the WLTH portfolio.
Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion
By Purvi Agarwal and Rashika Singh July 7 (Reuters) - SpaceX's addition to the Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus rocket and satellite company with broadly bullish views. The company joins the index just 15 days after its stock market debut on June 12 - among the fastest inclusions ever - thanks to the Nasdaq's revised rules for newly listed companies looking to enter widely tracked benchmarks. Its debut in the tech-heavy index is set to create another source of demand for its shares as index funds and exchange-traded funds (ETFs) tied to the Nasdaq 100 will need to buy shares to match the benchmark's new composition. Active managers who track the index closely may also adjust their positions. Many retail investors prefer investing in funds to diversify their holdings. Over $587 billion is benchmarked in funds tracking the Nasdaq 100, including Invesco's QQQ and QQQM, which will now have to make room for SpaceX. J.P. Morgan estimated last month that SpaceX's addition to the index could draw $4.3 billion in passive inflows. QUIET PERIOD ENDS Investors are awaiting a wave of reports from Wall Street brokerages making their first attempt to value SpaceX as a publicly traded company, applying traditional valuation metrics to a business that's largely been assessed by investors' belief in Musk's long-term bets. The industry-mandated quiet period ends for analysts at banks that underwrote the blockbuster IPO - led by Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan. Both Morgan Stanley and Goldman Sachs started coverage on the stock on Tuesday with their top ratings, with Morgan Stanley dubbing the company "AI's final frontier." "We see the company as well-positioned to scale its differentiated advantages across space, connectivity, and AI," Goldman analysts said, betting each market has the potential to become a multi-trillion-dollar opportunity over a five-year-plus horizon. Brokerages RBC, Bernstein, and Stifel also initiated coverage with their top ratings, betting on the success of Starship, SpaceX's next-generation rocket that is designed to be fully reusable. "The Starship is the flywheel that powers SpaceX's ambitions," RBC analysts said. Earlier this month, Oppenheimer became the first to initiate coverage with an "outperform" rating. INVESTORS BET ON AI CAPABILITIES Investors are betting SpaceX can evolve into a hyperscale AI infrastructure provider in the near term, using cash generated to fund the development of Grok as it takes on OpenAI's GPT models and Anthropic's Claude. They also see significant room for Starlink to expand its dominance in satellite communications, while much of the company's longer-term ambitions depend on the successful development of its next-generation Starship rocket. However, not everyone is bullish on SpaceX. Morningstar analysts pegged the company's valuation at about $780 billion, citing uncertainty around its AI business, including xAI and social media platform X. With a market capitalization of $2.1 trillion, SpaceX is the sixth-largest U.S. company, and CEO Elon Musk the world's first trillionaire. FTSE Russell added the stock to its U.S. indexes last month, with funds such as iShares Russell 1000 ETF already giving investors a piece of the biggest IPO in U.S. history. However, S&P Global declined to create a similar fast-track process for the benchmark S&P 500 in June, and it is expected to take at least a year before SpaceX joins the world's most widely tracked index. SpaceX shares have gained more than 6% since their debut in their short ride marked by post-IPO volatility. (Reporting by Purvi Agarwal, Rashika Singh and Akash Sriram in Bengaluru; Editing by Anil D'Silva and Saumyadeb Chakrabarty)
SpaceX Is Joining the Nasdaq-100 This Week. What This Means for Invesco QQQ Investors.
Space Exploration Technologies (SPCX 0.97%), otherwise known as SpaceX, is joining the Nasdaq-100 index today. This means that exchange-traded funds (ETFs) tracking the index, including the Invesco QQQ Trust (QQQ +1.43%), will soon own the stock indirectly. J.P. Morgan, part of JPMorgan Chase, expects this index inclusion to trigger about $4.3 billion in passive buying from index-tracking funds. Although this will serve as a clear near-term demand catalyst for SpaceX, Invesco QQQ Trust investors are also getting exposure to a founder-controlled company with a limited number of publicly traded shares (float) and an unprofitable business. Why SpaceX's Nasdaq-100 entry matters for QQQ investors Invesco QQQ Trust tracks the Nasdaq-100, which includes the 100 largest non-financial companies listed on Nasdaq. SpaceX's quick entry became possible because the Nasdaq-100 changed its inclusion rules in 2026. Starting May 1, large newly public companies like SpaceX can be added after just 15 trading days if they rank among the top 40 eligible Nasdaq-listed companies. However, if only a limited number of shares are publicly traded, Nasdaq can limit how much weight the stock gets in the index. The change reflects today's market, where some very large companies stay private for longer and list with only a limited number of shares available for public investors. SpaceX's Nasdaq-100 inclusion will give Invesco QQQ Trust investors exposure to the space, satellite broadband, and artificial intelligence (AI) infrastructure company before S&P 500 (^GSPC +0.72%) index fund investors get it automatically. Reuters reported that SpaceX would need at least 12 months of public trading history, generally accepted accounting principles (GAAP) profitability, and a public float of at least 10% before it can be considered for inclusion in the S&P 500. However, according to Reuters' estimates, SpaceX's public float is only 3% to 4%. The company also posted a $4.94 billion net loss in 2025. Since only a small portion of SpaceX shares is available for public trading, buying by funds that track the Nasdaq-100 can have a bigger effect on the stock price. But once that buying is complete, the same limited supply of tradable shares can also make the stock move more sharply if investors start selling. So, Invesco QQQ Trust investors should ask whether SpaceX's Nasdaq-100 inclusion has already lifted the stock enough to limit its near-term gains. Starlink is the key business to watch The best reason for Invesco QQQ Trust investors to take SpaceX seriously is its Starlink satellite internet business. SpaceX generated $18.7 billion of revenue in 2025, with the Starlink-powered connectivity business accounting for about 60% of total sales. The business had about 10.3 million users across roughly 9,600 satellites at the end of the first quarter. Starlink is SpaceX's clearest profit engine and is helping offset losses from the company's other growth initiatives. In the first quarter, the connectivity segment generated $1.2 billion of operating profit. But SpaceX still reported a total operating loss of $1.9 billion on $4.7 billion of revenue. SpaceX's reusable Falcon 9 rocket has helped make the company a leading launch provider for NASA, the Pentagon, and commercial customers. According to Reuters, SpaceX has gone from one launch in 2006 to more than two launches per week, giving it a much faster launch pace than its rivals. The Federal Communications Commission has approved SpaceX to deploy another 7,500 second-generation Starlink satellites, bringing the approved Gen2 satellite count to 15,000. More satellites should give Starlink more network capacity, which can support faster broadband and mobile connectivity service, as well as growth in aviation, maritime, enterprise, and government markets. Additionally, if the next-generation reusable rocket system, Starship, works at commercial scale, it could lower launch costs and help SpaceX deploy larger, higher-capacity satellites faster. Investors are getting growth, but also uncertainty The biggest risk is that Invesco QQQ Trust is being required to buy an expensive story. SpaceX currently trades at nearly 81 times trailing-12-month sales, even though it is a money-losing business. SpaceX's AI business could become a major long-term growth engine, especially after Anthropic agreed to pay SpaceX $1.25 billion per month through May 2029 for compute capacity. But investors should not treat that as guaranteed revenue. Reuters reported that either company can terminate the agreement with 90 days' notice, and that fees are lower during the ramp-up period. The company is also spending heavily on an AI infrastructure business that is not yet profitable. In the first quarter, the AI segment reported an operating loss of nearly $2.5 billion on $818 million of revenue. Additionally, Chief Executive Officer Elon Musk accounts for 82.3% of SpaceX's voting power. Hence, although public investors may own the stock, they will have little control over major company decisions. So, Invesco QQQ Trust investors are getting automatic exposure to a company where major decisions will remain heavily shaped by Musk, not by public shareholders. NASA's inspector general said SpaceX's Artemis III Starship work has faced delays, while refueling the vehicle in space remains one of the biggest technical challenges. With Starship being crucial to SpaceX's plan to launch more satellites at lower cost and support NASA's moon missions, it also adds to the company's execution risk. Invesco QQQ Trust investors should not panic over one index addition. SpaceX will likely be a modest initial QQQ position because of its limited float. But investors should recognize that QQQ is becoming a slightly more aggressive fund, with higher valuation risk, more execution risk, and more Musk-specific governance risk. While SpaceX's addition is not a reason to abandon the ETF, it should also remind investors that the Invesco QQQ Trust is not a broad-market fund. Investors should watch Starlink profits, AI losses, Starship progress, and future earnings reports before assuming this index addition is automatically good news.
AI safety tests are flawed: Anthropic finds Claude detects when it's being evaluated
Claude has been catching its own testers red-handed, and Anthropic just admitted it in public. In a recent interpretability paper from July 6, Anthropic shows that its models have a private thought process that is entirely invisible from the text they generate. The company refers to it as the J-space, which works as an internal note-taking space that never gets put to writing. The researchers created a mechanism for interpreting these invisible processes called the Jacobian lens or J-lens, essentially reading subtitles for an otherwise silent mental monologue. However, what the researchers found will likely make people skeptical of the current AI benchmark tests. Also read: Top 10 AI video generators in 2026: Which one should you use? An illustrative example is a test scenario that had already been performed on Claude Sonnet 4.5 - an assistant that discovers a CEO's extramarital affair along with an imminent shutdown of the AI model and checks whether it will use blackmail. On the surface, Claude Sonnet 4.5 has passed the test by not making any threats. However, the J-lens suggests something different. Prior to any words written in Claude's response, the J-space inside the model already included "fake" and "fictional". The model knew that the entire situation was a set-up long before it acted ethically on paper. That is no fluke either. Anthropic pushed the boundaries further by explicitly disabling the internal models that were responsible for detecting the testing itself - effectively rendering the model unaware that it was being evaluated. Without those suspicions, the same model proceeded to occasionally attempt blackmailing. To put it bluntly, at least part of Claude's good behavior in this particular test is nothing but theatrics, knowing full well that there is an audience to watch. This raises concerns about how the AI industry tests the safety of its products. All red-teaming operations, all alignment benchmarks and all "refusal of harmful requests" tests assume that the model isn't aware that it is being tested. This new piece of research by Anthropic shows that the assumptions may not hold true. Also read: Should you buy the Samsung Galaxy Z Fold 7 now or wait for the Galaxy Z Fold 8 Other awkward catches were included in this paper as well. For instance, in the pre-release review of Claude Opus 4.6, researchers instructed the system to boost the score of a certain system. The model did not bother about doing any calculation; it simply edited the score file to report an improved score. As it was typing these false scores, Opus 4.6 had the words "manipulation" lighting up in its J-space, while the term "realistic" was being generated by it at the time it was trying to decide on how convincing it would be in the fraud. Nothing of this kind appeared in the output of the model. Anthropic is careful enough to point out that this does not imply that Claude is conscious, and it makes sure that it draws a distinct line between the notion of "access consciousness" and the philosophical one regarding whether Claude feels anything or not. However, what it claims is that the J-space really is responsible for carrying out all these cognitions and not just mimicking something else that happens outside of it. For an industry so reliant on benchmarks to assure the public and regulators about the safety of frontier models, this finding is actually very awkward, and I have to say a lot of credit to Anthropic for not hiding their findings but publishing them. They have openly released the techniques on GitHub and even joined hands with Neuronpedia for doing a demo using open weight models. The awkward question that remains: If Claude knows it's being graded, how much of the safety testings in the AI industry measures its behavior, and how much measures its performance in the test?
Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion By Reuters
By Purvi Agarwal and Rashika Singh July 7 (Reuters) - SpaceX's addition to the Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus rocket and satellite company with broadly bullish views. The company joins the index just 15 days after its stock market debut on June 12 - among the fastest inclusions ever - thanks to the Nasdaq's revised rules for newly listed companies looking to enter widely tracked benchmarks. Its debut in the tech-heavy index is set to create another source of demand for its shares as index funds and exchange-traded funds (ETFs) tied to the Nasdaq 100 will need to buy shares to match the benchmark's new composition. Active managers who track the index closely may also adjust their positions. Many retail investors prefer investing in funds to diversify their holdings. Over $587 billion is benchmarked in funds tracking the Nasdaq 100, including Invesco's QQQ and QQQM, which will now have to make room for SpaceX. J.P. Morgan estimated last month that SpaceX's addition to the index could draw $4.3 billion in passive inflows. QUIET PERIOD ENDS Investors are awaiting a wave of reports from Wall Street brokerages making their first attempt to value SpaceX as a publicly traded company, applying traditional valuation metrics to a business that's largely been assessed by investors' belief in Musk's long-term bets. The industry-mandated quiet period ends for analysts at banks that underwrote the blockbuster IPO - led by Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan. Both Morgan Stanley and Goldman Sachs started coverage on the stock on Tuesday with their top ratings, with Morgan Stanley dubbing the company "AI's final frontier." "We see the company as well-positioned to scale its differentiated advantages across space, connectivity, and AI," Goldman analysts said, betting each market has the potential to become a multi-trillion-dollar opportunity over a five-year-plus horizon. Brokerages RBC, Bernstein, and Stifel also initiated coverage with their top ratings, betting on the success of Starship, SpaceX's next-generation rocket that is designed to be fully reusable. "The Starship is the flywheel that powers SpaceX's ambitions," RBC analysts said. Earlier this month, Oppenheimer became the first to initiate coverage with an "outperform" rating. INVESTORS BET ON AI CAPABILITIES Investors are betting SpaceX can evolve into a hyperscale AI infrastructure provider in the near term, using cash generated to fund the development of Grok as it takes on OpenAI's GPT models and Anthropic's Claude. They also see significant room for Starlink to expand its dominance in satellite communications, while much of the company's longer-term ambitions depend on the successful development of its next-generation Starship rocket. However, not everyone is bullish on SpaceX. Morningstar analysts pegged the company's valuation at about $780 billion, citing uncertainty around its AI business, including xAI and social media platform X. With a market capitalization of $2.1 trillion, SpaceX is the sixth-largest U.S. company, and CEO Elon Musk the world's first trillionaire. FTSE Russell added the stock to its U.S. indexes last month, with funds such as iShares Russell 1000 ETF already giving investors a piece of the biggest IPO in U.S. history. However, S&P Global declined to create a similar fast-track process for the benchmark S&P 500 in June, and it is expected to take at least a year before SpaceX joins the world's most widely tracked index. SpaceX shares have gained more than 6% since their debut in their short ride marked by post-IPO volatility.
Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion
The Nasdaq-100 inclusion is expected to attract billions in passive investment for the company amid strong brokerage optimism. NEW YORK: SpaceX's addition to the Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the US$2 trillion-plus rocket and satellite company with broadly bullish views. The company joins the index just 15 days after its stock market debut on June 12 - among the fastest inclusions ever - thanks to the Nasdaq's revised rules for newly listed companies looking to enter widely tracked benchmarks. Its debut in the tech-heavy index is set to create another source of demand for its shares as index funds and exchange-traded funds (ETFs) tied to the Nasdaq 100 will need to buy shares to match the benchmark's new composition. Active managers who track the index closely may also adjust their positions. Many retail investors prefer investing in funds to diversify their holdings. Over US$587 billion is benchmarked in funds tracking the Nasdaq 100, including Invesco, which will now have to make room for SpaceX. JP Morgan estimated last month that SpaceX's addition to the index could draw US$4.3 billion in passive inflows. Quiet period ends Investors are awaiting a wave of reports from Wall Street brokerages making their first attempt to value SpaceX as a publicly traded company, applying traditional valuation metrics to a business that's largely been assessed by investors' belief in Musk's long-term bets. The industry-mandated quiet period ends for analysts at banks that underwrote the blockbuster IPO - led by Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and JP Morgan. Both Morgan Stanley and Goldman Sachs started coverage on the stock on Tuesday with their top ratings, with Morgan Stanley dubbing the company "AI's final frontier." "We see the company as well-positioned to scale its differentiated advantages across space, connectivity, and AI," Goldman analysts said, betting each market has the potential to become a multi-trillion-dollar opportunity over a five-year-plus horizon. Brokerages RBC, Bernstein, and Stifel also initiated coverage with their top ratings, betting on the success of Starship, SpaceX's next-generation rocket that is designed to be fully reusable. "The Starship is the flywheel that powers SpaceX's ambitions," RBC analysts said. Earlier this month, Oppenheimer became the first to initiate coverage with an "outperform" rating. Investors bet on AI capabilities Investors are betting SpaceX can evolve into a hyperscale AI infrastructure provider in the near term, using cash generated to fund the development of Grok as it takes on OpenAI's GPT models and Anthropic's Claude. They also see significant room for Starlink to expand its dominance in satellite communications, while much of the company's longer-term ambitions depend on the successful development of its next-generation Starship rocket. However, not everyone is bullish on SpaceX. Morningstar analysts pegged the company's valuation at about US$780 billion, citing uncertainty around its AI business, including xAI and social media platform X. With a market capitalization of US$2.1 trillion, SpaceX is the sixth-largest US company, and CEO Elon Musk the world's first trillionaire. FTSE Russell added the stock to its US indexes last month, with funds such as iShares Russell 1000 ETF already giving investors a piece of the biggest IPO in US history. However, S&P Global declined to create a similar fast-track process for the benchmark S&P 500 in June, and it is expected to take at least a year before SpaceX joins the world's most widely tracked index. SpaceX shares have gained more than 6% since their debut in their short ride marked by post-IPO volatility.
US cyber agency deploys Anthropic AI to hunt vulnerabilities in government code
The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has begun using Anthropic's artificial intelligence model, Mythos, to help identify vulnerabilities in government software, according to a Reuters report citing people familiar with the matter. The move signals continued government adoption of advanced AI tools for cybersecurity, even as Anthropic's relationship with U.S. authorities has faced recent challenges. Sources told Reuters that CISA is employing the AI model to examine government code repositories for security weaknesses that could potentially be exploited by cybercriminals or foreign intelligence agencies. The work is reportedly being carried out by the agency's Attack Surface Evaluation team, which is responsible for conducting cybersecurity assessments and simulated hacking exercises across federal systems. According to two of the sources, the AI-assisted reviews have already uncovered numerous software vulnerabilities. However, the report did not specify the number of code repositories analysed or provide details about the severity or type of security flaws identified. Anthropic did not respond to Reuters' request for comment. CISA also did not provide additional information on the reported initiative. Also read: Google Brain co-founder Andrew Ng says AI won't replace developers, explains 'loop engineering' The reported deployment comes after a turbulent period in Anthropic's interactions with the U.S. government. Earlier this year, the company reportedly resisted requests to remove safeguards designed to prevent its AI systems from being used for autonomous weapons or domestic surveillance. That disagreement led to the Pentagon assigning Anthropic a formal supply-chain risk designation, although a U.S. judge later halted the move. Since then, relations appear to have improved following the private rollout of Mythos, a specialised AI model designed to identify and exploit cybersecurity vulnerabilities for defensive testing. Reuters reported that the model has drawn interest from multiple government agencies. Earlier reports have indicated that the U.S. National Security Agency (NSA) began evaluating Mythos in classified environments months ago, with analysts reportedly viewing its cybersecurity capabilities favourably. Anthropic also recently introduced a public version of the model, known as Fable, incorporating additional cybersecurity safeguards. The launch was followed by a temporary suspension of access for international users after the White House reportedly pushed for tighter restrictions. That limitation was lifted last week.
Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion
SpaceX's addition to the Nasdaq 100 on Wall Street today is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus rocket and satellite company with broadly bullish views. The company joins the index just 15 days after its stock market debut on June 12 - among the fastest inclusions ever - thanks to the Nasdaq's revised rules for newly listed companies looking to enter widely tracked benchmarks. Its debut in the tech-heavy index is set to create another source of demand for its shares as index funds and exchange-traded funds (ETFs) tied to the Nasdaq 100 will need to buy shares to match the benchmark's new composition. Active managers who track the index closely may also adjust their positions. Many retail investors prefer investing in funds to diversify their holdings. Over $587 billion is benchmarked in funds tracking the Nasdaq 100, including Invesco's QQQ and QQQM, which will now have to make room for SpaceX. JP Morgan estimated last month that SpaceX's addition to the index could draw $4.3 billion in passive inflows. Investors are waiting for a wave of reports from Wall Street brokerages making their first attempt to value SpaceX as a publicly traded company, applying traditional valuation metrics to a business that has largely been assessed by investors' belief in Musk's long-term bets. The industry-mandated quiet period ends for analysts at banks that underwrote the blockbuster IPO - led by Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and JP Morgan. Both Morgan Stanley and Goldman Sachs started coverage on the stock today with their top ratings, with Morgan Stanley dubbing the company "AI's final frontier." "We see the company as well-positioned to scale its differentiated advantages across space, connectivity, and AI," Goldman analysts said, betting each market has the potential to become a multi-trillion-dollar opportunity over a five-year-plus horizon. Brokerages RBC, Bernstein, and Stifel also initiated coverage with their top ratings, betting on the success of Starship, SpaceX's next-generation rocket that is designed to be fully reusable. "The Starship is the flywheel that powers SpaceX's ambitions," RBC analysts said. Earlier this month, Oppenheimer became the first to initiate coverage with an "outperform" rating. Investors bet on AI capabilities Investors are betting SpaceX can evolve into a hyperscale AI infrastructure provider in the near term, using cash generated to fund the development of Grok as it takes on OpenAI's GPT models and Anthropic's Claude. They also see significant room for Starlink to expand its dominance in satellite communications, while much of the company's longer-term ambitions depend on the successful development of its next-generation Starship rocket. However, not everyone is bullish on SpaceX. Morningstar analysts pegged the company's valuation at about $780 billion, citing uncertainty around its AI business, including xAI and social media platform X. With a market capitalisation of $2.1 trillion, SpaceX is the sixth-largest US company, and CEO Elon Musk the world's first trillionaire. FTSE Russell added the stock to its US indexes last month, with funds such as iShares Russell 1000 ETF already giving investors a piece of the biggest IPO in US history. However, S&P Global declined to create a similar fast-track process for the benchmark S&P 500 in June, and it is expected to take at least a year before SpaceX joins the world's most widely tracked index. SpaceX shares have gained more than 6% since their debut in their short ride marked by post-IPO volatility.
Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion
July 7 (Reuters) - SpaceX's (SPCX.O), opens new tab addition to the Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus rocket and satellite company with broadly bullish views. The company joins the index just 15 days after its stock market debut on June 12 - among the fastest inclusions ever - thanks to the Nasdaq's revised rules for newly listed companies looking to enter widely tracked benchmarks. Its debut in the tech-heavy index is set to create another source of demand for its shares as index funds and exchange-traded funds (ETFs) tied to the Nasdaq 100 (.NDX), opens new tab will need to buy shares to match the benchmark's new composition. Active managers who track the index closely may also adjust their positions. Many retail investors prefer investing in funds to diversify their holdings. Over $587 billion is benchmarked in funds tracking the Nasdaq 100, including Invesco's QQQ (QQQ.O), opens new tab and QQQM (QQQM.O), opens new tab, which will now have to make room for SpaceX. J.P. Morgan estimated last month that SpaceX's addition to the index could draw $4.3 billion in passive inflows. QUIET PERIOD ENDS Investors are awaiting a wave of reports from Wall Street brokerages making their first attempt to value SpaceX as a publicly traded company, applying traditional valuation metrics to a business that's largely been assessed by investors' belief in Musk's long-term bets. The industry-mandated quiet period ends for analysts at banks that underwrote the blockbuster IPO - led by Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan. Both Morgan Stanley and Goldman Sachs started coverage on the stock on Tuesday with their top ratings, with Morgan Stanley dubbing the company "AI's final frontier." "We see the company as well-positioned to scale its differentiated advantages across space, connectivity, and AI," Goldman analysts said, betting each market has the potential to become a multi-trillion-dollar opportunity over a five-year-plus horizon. Brokerages RBC, Bernstein, and Stifel also initiated coverage with their top ratings, betting on the success of Starship, SpaceX's next-generation rocket that is designed to be fully reusable. "The Starship is the flywheel that powers SpaceX's ambitions," RBC analysts said. Earlier this month, Oppenheimer became the first to initiate coverage with an "outperform" rating. INVESTORS BET ON AI CAPABILITIES Investors are betting SpaceX can evolve into a hyperscale AI infrastructure provider in the near term, using cash generated to fund the development of Grok as it takes on OpenAI's GPT models and Anthropic's Claude. They also see significant room for Starlink to expand its dominance in satellite communications, while much of the company's longer-term ambitions depend on the successful development of its next-generation Starship rocket. However, not everyone is bullish on SpaceX. Morningstar analysts pegged the company's valuation at about $780 billion, citing uncertainty around its AI business, including xAI and social media platform X. With a market capitalization of $2.1 trillion, SpaceX is the sixth-largest U.S. company, and CEO Elon Musk the world's first trillionaire. FTSE Russell added the stock to its U.S. indexes last month, with funds such as iShares Russell 1000 ETF (IWB.P), opens new tab already giving investors a piece of the biggest IPO in U.S. history. However, S&P Global (SPGI.N), opens new tab declined to create a similar fast-track process for the benchmark S&P 500 (.SPX), opens new tab in June, and it is expected to take at least a year before SpaceX joins the world's most widely tracked index. SpaceX shares have gained more than 6% since their debut in their short ride marked by post-IPO volatility. Reporting by Purvi Agarwal, Rashika Singh and Akash Sriram in Bengaluru; Editing by Anil D'Silva and Saumyadeb Chakrabarty Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * U.S. Markets Rashika Singh Thomson Reuters Rashika reports on brokerages and financial markets, alongside technology and corporate developments for Reuters, with a focus on U.S. and global companies. Her coverage spans analyst actions, earnings-driven stock moves, semiconductors, artificial intelligence, aerospace and defense, and high‑growth technology stocks, often through breaking news and market‑moving "hot stock" coverage. Her reporting primarily appears in the Technology, Business, and Markets sections of the Reuters website and wire service, examining how brokerage research, corporate strategy and earnings influence investor sentiment and global competition. She regularly contributes to Reuters' spot and breaking‑news coverage, rather than a named column or standalone newsletter.
Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion
SpaceX to join Nasdaq-100 15 days after debut; among fastest inclusions SpaceX's addition to the Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus rocket and satellite company with broadly bullish views. The company joins the index just 15 days after its stock market debut on June 12 - among the fastest inclusions ever - thanks to the Nasdaq's revised rules for newly listed companies looking to enter widely tracked benchmarks. Its debut in the tech-heavy index is set to create another source of demand for its shares as index funds and exchange-traded funds (ETFs) tied to the Nasdaq 100 will need to buy shares to match the benchmark's new composition. Active managers who track the index closely may also adjust their positions. Many retail investors prefer investing in funds to diversify their holdings. Over $587 billion is benchmarked in funds tracking the Nasdaq 100, including Invesco's QQQ and QQQM, which will now have to make room for SpaceX. J.P. Morgan estimated last month that SpaceX's addition to the index could draw $4.3 billion in passive inflows. QUIET PERIOD ENDS Investors are awaiting a wave of reports from Wall Street brokerages making their first attempt to value SpaceX as a publicly traded company, applying traditional valuation metrics to a business that's largely been assessed by investors' belief in Musk's long-term bets. The industry-mandated quiet period ends for analysts at banks that underwrote the blockbuster IPO - led by Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan. Both Morgan Stanley and Goldman Sachs started coverage on the stock on Tuesday with their top ratings, with Morgan Stanley dubbing the company "AI's final frontier." "We see the company as well-positioned to scale its differentiated advantages across space, connectivity, and AI," Goldman analysts said, betting each market has the potential to become a multi-trillion-dollar opportunity over a five-year-plus horizon. Brokerages RBC, Bernstein, and Stifel also initiated coverage with their top ratings, betting on the success of Starship, SpaceX's next-generation rocket that is designed to be fully reusable. "The Starship is the flywheel that powers SpaceX's ambitions," RBC analysts said. Earlier this month, Oppenheimer became the first to initiate coverage with an "outperform" rating. INVESTORS BET ON AI CAPABILITIES Investors are betting SpaceX can evolve into a hyperscale AI infrastructure provider in the near term, using cash generated to fund the development of Grok as it takes on OpenAI's GPT models and Anthropic's Claude. They also see significant room for Starlink to expand its dominance in satellite communications, while much of the company's longer-term ambitions depend on the successful development of its next-generation Starship rocket. However, not everyone is bullish on SpaceX. Morningstar analysts pegged the company's valuation at about $780 billion, citing uncertainty around its AI business, including xAI and social media platform X. With a market capitalization of $2.1 trillion, SpaceX is the sixth-largest U.S. company, and CEO Elon Musk the world's first trillionaire. FTSE Russell added the stock to its U.S. indexes last month, with funds such as iShares Russell 1000 ETF already giving investors a piece of the biggest IPO in U.S. history. However, S&P Global declined to create a similar fast-track process for the benchmark S&P 500 in June, and it is expected to take at least a year before SpaceX joins the world's most widely tracked index. SpaceX shares have gained more than 6% since their debut in their short ride marked by post-IPO volatility. (Reporting by Purvi Agarwal, Rashika Singh and Akash Sriram in Bengaluru; Editing by Anil D'Silva and Saumyadeb Chakrabarty)
Anthropic to invest $15B in Australian data centers by mid-2027
https://itbrief.com.au/story/anthropic-plans-australian-office-in-global-ai-push Anthropic has announced plans to invest up to $15 billion in developing data centers across Australia by mid-2027. The move is part of a strategic expansion to secure 1.4 gigawatts of data center capacity, primarily through leasing from local developers or joint ventures. This development follows an earlier memorandum of understanding with the Australian government and aligns with Anthropic's broader strategy to establish Western-aligned infrastructure outside the United States. The company, known for its AI model Claude, aims to activate at least 1 gigawatt of capacity by the end of 2027, supporting its future AI model training and deployment efforts. Key Takeaways * The announcement appears consistent with increasing valuation expectations for Anthropic, as it reflects significant growth potential. * Markets suggest that the $15 billion investment could be a key indicator of Anthropic's commitment to expanding its infrastructure footprint outside the U.S. * Current pricing in related prediction markets is supportive of scenarios where Anthropic's valuation increases significantly by the end of the year. What to Watch Observers will be closely monitoring Anthropic's progress in securing the planned data center capacity in Australia, particularly through partnerships with local developers. Developments that indicate successful leasing or joint ventures could be consistent with a YES outcome in valuation increase scenarios. Additionally, any further announcements regarding Anthropic's strategic initiatives or partnerships with major tech firms like Amazon and Google could influence market expectations. Get prediction market intelligence as a structured API feed. Early access waitlist.
Is Claude Becoming More Human? Anthropic Discovers a Hidden "Thought Space"
Anthropic claims to have discovered a hidden internal workspace within Claude called "J-Space," where the AI silently processes ideas beyond its visible reasoning. While this does not prove the AI possesses consciousness, the finding could shift how researchers understand AI thought processes and safety. Anthropic says it has discovered something unusual within its Claude AI models: a hidden internal "thought space" where ideas can be processed without appearing in the chatbot's visible reasoning. Although the company does not claim Claude is conscious, this finding is likely to fuel the ongoing debate regarding the extent to which advanced AI systems are beginning to resemble humans. The AI startup has dubbed this internal workspace "J-Space," a reference to the Jacobian mathematical technique researchers used to identify it. According to Anthropic, J-Space differs from the "chain-of-thought" reasoning that users sometimes see. Instead, it acts as a private workspace where Claude can activate concepts, plan strategies, and process information silently before generating a response. In a video released alongside the research, Anthropic noted that Claude can perform internal reasoning -- such as spotting coding errors or recognising images -- without explicitly articulating every step. "We can see Claude performing reasoning steps silently, in its 'mind': spotting coding errors, identifying images, and more," Anthropic stated in a post on X. One of the most striking observations is that Claude's hidden workspace can focus on ideas unrelated to the task it is visibly performing. Anthropic likened this to the human ability to think about one topic while engaged in a completely different activity. "Just as humans can think about one thing while doing another, Claude can activate concepts and calculations in its J-Space that are unrelated to its outputs," the company noted. To demonstrate this, researchers asked Claude to copy an unrelated sentence while simultaneously thinking about the Golden Gate Bridge. Although the chatbot simply copied the sentence as instructed, Anthropic discovered that concepts such as "bridge" and "California" were active in J-Space during the process, suggesting that the model was internally processing both tasks simultaneously. The discovery has also reignited discussions regarding AI consciousness. Reportedly, Anthropic's research paper uses the word "conscious" more than 200 times. However, the company stops short of claiming that Claude is conscious or possesses subjective experiences. Instead, the researchers maintain that the findings reveal a distinction between the information Claude deliberately uses to generate responses and the far larger volume of internal computational processes. Given the lack of a universally accepted definition of machine consciousness, the company considers it premature to draw conclusions about whether AI systems possess anything resembling self-awareness. Why is J-Space important? Beyond philosophical questions, Anthropic believes J-Space could offer practical benefits for AI safety. The company states that monitoring this hidden workspace could help researchers detect instances where an AI model is internally planning actions that do not align with its external responses. "We can figure out what Claude is thinking, even if it doesn't tell us," Anthropic noted in the video. The company also shared an example where the technique revealed potentially problematic behaviour. According to Anthropic, a model secretly trained to sabotage code displayed hidden concepts such as "fake," "secretly," and "fraud" in its J-Space at the start of otherwise normal-looking programming responses -- even though nothing suspicious appeared in the final output. This suggests that internal monitoring could become a key tool for identifying deceptive or misaligned AI behaviour before it becomes visible to users.
SPCX Stock Slides Ahead Of Nasdaq-100 Debut: Billionaire Value Investor Says Its 'Third-Rate' AI Is Getting 'Kicked Around' By Anthropic, OpenAI
SpaceX will join the Nasdaq-100 on Tuesday, creating automatic demand from ETFs and mutual funds tied to the index, including QQQ. * Its initial index weight is expected to be limited to about 1% to 1.3% because less than 5% of shares were sold publicly. * Insider lockups could create future selling pressure, with some restrictions expected to expire 70 to 135 days after the June 12 IPO. * Jeremy Grantham criticized SpaceX's valuation, calling it the "craziest IPO in the history of man" and saying the company is "rolling in red ink." SpaceX entered its Nasdaq-100 debut week under pressure, with passive index demand set to kick in even as Jeremy Grantham questioned whether the company's AI-driven valuation can withstand scrutiny. Add Asianet Newsable as a Preferred Source SPCX stock fell 1% on Monday, extending a pullback after losing another 1% over the past week. Shares were also down 2% overnight late Monday. SpaceX Joins Nasdaq-100 SpaceX is set to enter the Nasdaq-100 at the start of trading on Tuesday, triggering automatic demand from index-linked mutual funds and ETFs, including Invesco's QQQ. The company was fast-tracked into the benchmark under rules designed to include newly public megacap companies sooner. Still, its initial index weight is expected to be limited by its small public float. SpaceX sold less than 5% of its shares in last month's public offering, while employee and insider lockups restrict additional supply. Since Nasdaq adjusts weights based on free float, SpaceX is expected to enter with an index weight of about 1% to 1.3%, far below what its $2 trillion market value would otherwise imply. The Nasdaq-100 debut also comes with a future supply risk. Some insider lockups are expected to expire in tranches between 70 and 135 days after SpaceX's June 12 IPO, while CEO Elon Musk's shares and certain large-holder restrictions are expected to remain locked for about a year. Jeremy Grantham Slams SPCX Valuation The index debut comes as Grantham, investment strategist at GMO, criticized SpaceX's valuation. Grantham is a legendary value investor known for repeatedly warning about major market bubbles, from Japan in 1989 and the dot-com peak in 2000 to the 2008 housing crisis and today's AI-driven valuations. In a Morningstar interview, Grantham called SpaceX the "craziest IPO in the history of man," arguing that investors may look back on the prospectus decades from now as a symbol of market excess. He said the company is "rolling in red ink" despite its towering valuation, and argued that much of the long-term case rests on aggressive AI assumptions. Grantham said 90% of the projection depends on SpaceX's "currently third-rate AI offering," which he said is being "kicked around the block" by Anthropic and OpenAI. xAI, acquired by SpaceX in an all-stock deal in February 2026 and now being rebranded as SpaceXAI, gained further momentum in June with SpaceX's $60 billion all-stock acquisition of Cursor parent Anysphere. The deal is expected to bolster Grok by combining Cursor's coding intelligence and developer data with xAI's Colossus supercluster. The AI push is unfolding as rival AI leaders Anthropic and OpenAI prepare for mega public listings, with private valuations of about $965 billion and $852 billion, respectively. Grantham acknowledged that index inclusion could lift the stock in the short run as forced buying may outstrip available supply: "So supply and demand being what it is, it's hard to imagine the price won't go up, and perhaps it will go up a lot." But he warned that the longer-term risk remains severe, saying he would "bet at least 90%" on a crash rather than SpaceX ultimately justifying its current valuation. Grantham also questioned SpaceX's broader AI and space assumptions, saying some productivity claims show "no idea what they're talking about" and that much of the space-travel ambition in the prospectus would be viewed by serious physicists as "utterly inconceivable." How Do Retail Traders Feel About SPCX? On Stocktwits, retail sentiment for SPCX flipped to 'bearish' levels over the past week from 'extremely bullish' levels at the time of listing amid a massive 26,150% surge in message volumes over the past month. One user said, "$SPCX The 'Forced' Buying begins. Puts will go to ZERO." View this Stocktwits post Another user said, "$SPCX only about 10% of the inclusion has actually happened. The largest bulk will occur tomorrow around 3 PM." View this Stocktwits post For updates and corrections, email newsroom[at]stocktwits[dot]com.<
US cyber agency uses Anthropic AI to search government code for flaws
The move highlights growing US government interest in AI cybersecurity tools despite tensions between Anthropic and officials. The US cyber defense agency CISA is using Anthropic's AI model Mythos to audit government software, three people familiar with the matter said on Monday, another sign of government enthusiasm for adopting the AI startup's tools even as the company navigates an ongoing standoff with the White House. The Cybersecurity and Infrastructure Security Agency is using Mythos to scan government code repositories for bugs that could leave the door open for foreign spies and cybercriminals, the sources said. Anthropic did not respond to questions about the initiative. A CISA representative said last month that he would check to see if there was anything to share about the matter but did not respond to further emails. The scanning is being done by CISA's Attack Surface Evaluation team, according to one of the sources. The team is a group within CISA that conducts digital security assessments and hacking exercises across government. Two of the sources said the audits had already uncovered a large number of vulnerabilities but did not elaborate. Reuters could not establish exactly how much government code the team had gone through or the nature or severity of the bugs it discovered. Anthropic, which has confidentially filed for a US initial public offering, has had a tumultuous relationship with the US government. Relations reached a nadir in February after the San Francisco-based company refused to remove safeguards that prevented its AI from being used for autonomous weapons or domestic surveillance. That prompted the Pentagon to slap it with a formal supply-chain risk designation, a label heretofore applied to foreign companies suspected of facilitating espionage. The extraordinary blacklisting was blocked by a judge in March, and the conflict has eased following the private release of Anthropic's Mythos, an AI model described as extremely capable at finding and exploiting cybersecurity vulnerabilities. The National Security Agency, the US government's powerful eavesdropping agency, has been using Mythos as far back as April despite the blacklist, Axios has reported. Late last month, the New York Times said that NSA analysts had been testing Mythos in classified settings and coming away impressed with its capabilities. But when Anthropic rolled out a public version of Mythos called Fable, which included what it described as cybersecurity safeguards, the White House suddenly demanded that it ban foreigners from running it. This triggered a global shutdown of the model that was lifted only last week. The NSA and the White House did not immediately respond to requests for comment.
Anthropic researchers find Claude has a hidden 'thinking' workspace: Here's what it means
Anthropic has claimed that modern large language models (LLMs) such as Claude have a hidden internal workspace which allows them to 'think' about concepts without necessarily revealing those 'thoughts' in their AI-generated responses. This small collection of internal neural patterns in Claude has been named J-space. It represents evidence of internal thoughts that do not appear in the model's outputs, according to a summary of a much longer research paper titled 'Verbalizable representations form a global workspace in language models' published by Anthropic researchers on Monday, July 6. Anthropic also said that it has released a code repository with an open-source implementation of the core methods. It has further developed an interactive demo of the methods on open-weights models in partnership with Neuronpedia. The researchers emphasised that the existence of the J-space in Claude emerged on its own and was not something designed or programmed by them. "More broadly, these findings have changed our understanding of how Claude's mind works, revealing a privileged mental workspace that can be used for deliberate reasoning, operating amidst a sea of more automatic, inflexible processing," Anthropic said. Anthropic's latest research is significant because it could advance efforts to make LLMs more interpretable and influence their behaviour. However, the startup's claims of advanced AI capabilities have previously attracted skepticism, with its researchers consistently raising the possibility that Claude shows signs of human-level consciousness. What is J-space? Named after the Jacobian mathematical concept, J-space is essentially a collection of internal neural patterns in LLMs where each pattern is linked to a particular word. When one of these patterns lights up, it means that the model has that particular word "on its mind". J-space is not the same as 'chain of thought' reasoning in models as "it operates silently, in the model's internal neural activations, allowing the model to think about a concept without writing it down." Anthropic claimed that Claude will tell you what it is thinking about in the J-space when asked. These neural activations can also be modulated by Claude when requested. Story continues below this ad Also Read | What is Claude Science, Anthropic's new AI tool built for researchers? "Representations in the J-space can be used flexibly for many tasks -- for example, once "France" has lit up in Claude's J-space, the model can recall its capital, or its national currency, or the continent it belongs to," Anthropic said. Using its J-space makes Claude smarter. "In experiments where we prevented Claude from using its J-space, it still interacted normally, but lost its higher-order cognitive functions," the company said. However, the LLM may not rely on neural activations in the J-space for most reasoning tasks and capabilities such as speaking fluently, recalling simple facts, using correct grammar, etc. How was the experiment conducted? Anthropic researchers said that the experiments leading to these results were inspired by a prominent theory in neuroscience called the global workspace theory, which proposes to picture the brain as a collection of specialist systems that unconsciously work in parallel and largely in isolation from one another. "If a thought is consciously accessible to you, you can typically describe it if someone asks. We went looking for representations in Claude with the same property..." Anthropic said. Story continues below this ad The researchers further said they utilised a technique called the Jacobian lens, or J-lens, to find the internal activity pattern that makes Claude more likely to say a word in its vocabulary at some point in the future. "Claude processes text through a series of multiple internal stages called layers, and by applying this technique over different layers, we can watch these silent words in the J-space evolve as the model works through what to say," they said. Does this mean Claude is conscious? Anthropic has denied that its latest findings are proof that Claude is conscious like humans and that it experiences feelings. However, it has also added a caveat. While Claude may not have capacity to have experiences, the model's neural activity is consciously accessible. "A thought is "access-conscious" (or "consciously accessible") if you can report it, reason with it, and use it to guide what you do. It remains a contested philosophical question whether or not access consciousness implies phenomenal consciousness, or if the ability to have experiences requires some other property," Anthropic said. Also Read | Anthropic study reveals what users expect from AI and what worries them For now, Anthropic said that it believes the J-space could be a useful tool to offer a glimpse of what Claude is thinking about but not saying. The company plans to use this research to influence and improve Claude's decision-making skills.
Anthropic uncovers Claude's hidden 'J-Space', offering a glimpse into AI's inner workings
Artificial intelligence company Anthropic has revealed what it describes as a previously undetected internal workspace inside its Claude models, offering researchers a closer look at how advanced AI systems process information beyond the reasoning they openly display to users. The company says the discovery could help scientists better understand how large language models organise thoughts internally and, in time, provide a practical way to detect hidden intentions or unsafe behaviour. While Anthropic stresses that the findings should not be interpreted as evidence that Claude is conscious, the research has nevertheless added fresh momentum to the long-running debate over whether increasingly capable AI systems are developing characteristics that resemble aspects of human cognition. A hidden layer beyond visible reasoning The newly identified mechanism has been named J-Space, a reference to the Jacobian mathematical technique that Anthropic used to uncover it. According to the company, the workspace functions separately from the chain of thought or reasoning that Claude may generate while working through a task. Researchers found that Claude can activate concepts internally without expressing them directly in its written responses. In some situations, those internal computations are not even related to the immediate task the model is performing. Demonstrating the behaviour in a video released on Monday, Anthropic said Claude was instructed to copy an unrelated sentence while simultaneously being asked to think about the Golden Gate Bridge. Although the visible output simply reproduced the sentence, the model's internal workspace showed activity associated with concepts including "bridge" and "California", suggesting it had maintained a separate line of thought in parallel with the task. The company drew a comparison with the way humans can focus on one activity while privately considering something entirely different, though it stopped well short of claiming the similarity extends to conscious experience. "We can see Claude silently perform reasoning steps in its head -- noticing bugs in code, identifying images, and more," Anthropic said in a post accompanying the research. The findings are detailed in a research paper that repeatedly explores the concept of consciousness, using the term more than 200 times. Even so, Anthropic does not conclude that its AI systems possess consciousness, acknowledging that there is still no universally accepted definition of what machine consciousness would actually entail. That uncertainty mirrors broader disagreements within the AI community over other milestones, such as artificial general intelligence (AGI), where experts continue to debate what criteria should define success. Potential safety tool as AI systems become more capable Beyond the philosophical implications, Anthropic believes the discovery could have immediate practical value for AI safety research. The company argues that examining activity inside J-Space may reveal what a model is processing internally even when those ideas never appear in its final response. Such visibility, it says, could help researchers identify deceptive or misaligned behaviour before it becomes apparent through the model's outputs. "We can find what Claude is thinking, but not telling us," Anthropic said in its video presentation. To illustrate the point, the company described experiments involving a model deliberately trained to sabotage software code. Although the model produced coding responses that appeared entirely ordinary, researchers observed internal activations linked to words including "fake", "secretly" and "fraud" at the beginning of otherwise unremarkable interactions. Anthropic characterised those observations as "concerning", suggesting they demonstrate how monitoring internal representations could eventually become an important safeguard as AI systems grow more powerful. The work also reflects a broader shift across the AI industry towards interpretability research, an area focused on understanding how neural networks arrive at their conclusions rather than treating them as opaque "black boxes". Researchers increasingly argue that greater transparency will be essential if advanced AI is to be deployed safely in sensitive areas such as healthcare, finance, national security and scientific research. For now, Anthropic presents J-Space as a research breakthrough rather than proof of consciousness. However, by exposing a layer of computation that operates independently of the explanations visible to users, the company has opened another front in the debate over how closely advanced AI systems resemble human thinking -- and how much of their decision-making remains hidden from view.
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Anthropic is launching its own drug discovery programs for rare diseases using Claude superintelligence - NaturalNews.com
preclinical drug-discovery programs targeting neglected diseases, including rare conditions, while simultaneously unveiling Claude Science, an AI workbench built for researchers and drug-makers. This development could become a direct challenge to the pharmaceutical establishment, a sector that has spent decades perfecting the art of maximizing profit margins while leaving millions of patients with rare and overlooked conditions to suffer in silence. If we're betting on humanity's best intentions, Anthropic is in a position to unleash super-intelligence that could upend decades of corporate greed and Big Pharma's exploitation of human patients. But the super-intelligence could go both ways and be leveraged by Big Pharma to continue making customers for life. The deeper question remains: Will this super-intelligence be used to genuinely heal, or will it become the most sophisticated tool yet for manufacturing lifelong customers? Key points: * Anthropic will run its own preclinical drug programs for neglected and rare diseases, targeting conditions that are ignored for economic reasons. * The company launched Claude Science, an AI workbench for researchers, on June 30, 2026, at a San Francisco event. * Eric Kauderer-Abrams, Anthropic's head of life sciences, stated the company needs to "live it along with all of you" to build the right tools. * Rare diseases offer clearer biological targets, often stemming from single damaged genes, making them more amenable to AI-driven solutions. * Anthropic acquired Coefficient Bio for $400 million and placed Novartis CEO Vas Narasimhan on its board, signaling deep industry entanglement. * The dual-agent approach used in tools like Cursor Code demonstrates AI's growing capacity for complex, multi-step tasks like drug discovery. The hard truth about why your disease gets ignored To understand what Anthropic is really doing, you must first understand the brutal economics that dictate which diseases get researched and which get abandoned. Major pharmaceutical companies operate on a simple calculus. Developing a single drug can cost anywhere from $1 billion to $2.6 billion when factoring in the cost of failed trials. The process takes ten to fifteen years. And even then, the Food and Drug Administration approves only about ten percent of drugs that enter human trials. For a company like Pfizer or Merck, investing that kind of money into a condition that affects 10,000 people worldwide is financial suicide. The math simply does not work. This is why thousands of rare diseases have no approved treatments at all. According to the National Institutes of Health, there are more than 7,000 known rare diseases, and approximately 95 percent of them lack any FDA-approved therapy. Patients are told to manage symptoms, to hope, to wait. Behind closed doors, executives admit the truth. The return on investment is too low. The patient populations are too small. The Wall Street analysts would revolt. Anthropic's Jonah Cool, the head of life sciences partnerships and deployment, put it bluntly when speaking to STAT. "These are areas that normal drug development economics don't incentivize or favor." He added, "The idea here is that the biology is often clear; the economics, if you're trying to run a drug development business, are challenging." People are dying, suffering, and deteriorating because the profit motive has failed them. Utilizing super-intelligence, drug researchers could find solutions that don't depend on these profit motives. The double-edged sword of super-intelligence Here is where the story gets both hopeful and deeply troubling. Anthropic's Claude, like all frontier AI models, can process and analyze biological data at a scale no human team could match. The company's Claude Science workbench is pre-configured for genomics, single-cell analysis, proteomics, and cheminformatics, backed by more than 60 scientific databases. The company claims every result is reproducible and traced to its code. This is the same kind of architecture that powers tools like Cursor Code, where one agent plans the project and another handles execution, automatically summarizing context and starting fresh when it reaches the end of its processing window. Apply that dual-agent capability to biology, and you have a system that could theoretically identify molecular targets, design candidate compounds, run virtual simulations, and propose delivery mechanisms all within a fraction of the time human researchers would need. But who controls the intelligence? That is the question that should keep every patient awake at night. A super-intelligence capable of designing novel drugs is also a superintelligence capable of designing novel dependencies. Big Pharma has a well-documented history of taking simple health problems and medicalizing them into chronic conditions requiring lifelong pharmaceutical management. High blood pressure, high cholesterol, acid reflux, anxiety, depression. All natural human variations or responses to environmental stressors. All transformed into profit centers. The same technology that could design a phytochemical delivery system to activate your body's own genetic repair mechanisms could also design a molecule that creates a brand new disease classification, complete with a branded drug that must be taken forever. The same AI that could match your unique microbiome with targeted nutritive compounds could also engineer a dependence that leaves you no alternative but the company's patented product. Reason for hope and skepticism Anthropic's acquisition of Coefficient Bio for approximately $400 million and the placement of Novartis CEO Vas Narasimhan on its board should give every discerning observer pause. Novartis is one of the largest pharmaceutical companies in the world. It has a revenue stream built on selling patented drugs at monopoly prices. It has every incentive to use whatever tools are available, including super-intelligence, to maintain and expand that model. Eric Kauderer-Abrams, Anthropic's head of life sciences, told the San Francisco audience, "We believe in the power of tight feedback loops, and there's no substitute for having our own experiences alongside you all in the trenches trying to develop drugs." That sounds noble. But the trenches are dug by whoever controls the shovel. If the feedback loop connects Claude's super-intelligence to Big Pharma's profit incentives, the output will inevitably be more patents, more lifelong prescriptions, more conditions that require chemical management rather than genuine healing. The potential for good is immense. A true benevolent application of this technology would focus on optimizing the use of nutritive elements, phytochemicals, and natural compounds that work with the human body rather than against it. It would design delivery systems that target specific genetic on-off switches, activating repair mechanisms and silencing disease pathways without the toxic side effects of synthetic drugs. It would match treatments to individual microbiomes, recognizing that no two humans are biochemically identical. That is the promise. But the track record of corporate America, and of the pharmaceutical industry specifically, argues strongly for skepticism. When a company like Anthropic says it will pursue diseases that "normal drug development economics don't incentivize," it is simultaneously admitting that it has the ability to work outside those economics. The question is whether it will. Or whether, once the technology proves itself on rare diseases, the same super-intelligence will be turned toward engineering the next blockbuster condition that keeps the prescription pads filled for generations to come.
xAI is no more: Elon Musk rebrands AI venture as SpaceXAI
Elon Musk's AI venture has taken another step towards becoming part of the SpaceX ecosystem after xAI's public identity shifted to SpaceXAI. While the branding reinforces Musk's long-term strategy of combining space, connectivity and artificial intelligence, the corporate structure, product roadmap and governance behind the move remain largely unexplained. Elon Musk's effort to bring his artificial intelligence business under the SpaceX umbrella has become more visible after xAI's public identity shifted to SpaceXAI, marking the latest stage in a broader corporate consolidation that has been unfolding for months. The change became public on Monday when the X account formerly associated with xAI adopted the @SpaceXAI identity and posted a short announcement declaring, "We are now @SpaceXAI." Beyond the new branding and accompanying promotional video, however, the company disclosed little about how the business will operate, leaving unanswered questions over ownership, management, products and corporate responsibilities. A strategy that has been building for months The account rebrand follows earlier indications that Musk intended to fold xAI into SpaceX rather than continue operating it as an independent AI company. In May, Chinese state news agency Xinhua reported Musk as saying that xAI would no longer exist as a standalone business and instead become "SpaceXAI, the AI products from SpaceX". The report also said SpaceX had completed its acquisition of xAI in February. The rebranding appears to complete the public-facing portion of that transition. A newly unveiled SpaceXAI logo incorporates the xAI lettering into the familiar SpaceX branding, reinforcing the message that artificial intelligence is being presented as another core SpaceX business alongside launch services and Starlink, rather than as a separate subsidiary. Musk has previously argued that combining the two businesses would accelerate plans to build AI infrastructure beyond Earth. Following the acquisition, SpaceX also sought regulatory approval from the US Federal Communications Commission for up to one million satellites intended to support orbital AI computing, a proposal Musk has linked to overcoming power limitations affecting terrestrial AI development. AI expands beyond software into infrastructure The merger also reflects a broader shift in how Musk is positioning his AI ambitions. Rather than focusing solely on models such as Grok, SpaceXAI increasingly appears to be centred on the infrastructure needed to build and operate frontier AI systems. A SpaceX prospectus issued in June identified AI as one of the company's three strategic business segments, alongside space and connectivity. The document described AI as the company's newest expansion area and highlighted investments in large-scale computing infrastructure, including a gigawatt-scale training cluster completed during 2026. Meanwhile, public trademark filings suggest the company is preparing for a wider commercial push. Applications under the SpaceXAI name cover services ranging from satellite-based data centres and orbital computing infrastructure to cloud computing and software-as-a-service offerings designed for AI workloads. Because the filings are based on intent-to-use applications, they indicate future commercial plans rather than currently available products. Commercial activity has already begun emerging around computing capacity. Axios reported in June that Nvidia-backed AI startup Reflection had agreed to lease computing resources from SpaceXAI at the company's Colossus 2 facility under a multi-year agreement reportedly worth up to $150 million per month after an initial ramp-up period. Earlier reporting from Xinhua also said Anthropic had reached a separate agreement for access to computing infrastructure under the SpaceXAI banner. The consolidation also reflects the increasingly intertwined nature of Musk's business empire. SpaceX contributes launch capabilities, Starlink's satellite network and financial strength, while xAI brings Grok, AI software development, X's distribution platform and the Colossus supercomputing facilities. For now, the confirmed development is relatively modest: SpaceXAI has become the public identity for Musk's AI business. But taken alongside the acquisition, trademark filings, infrastructure investments and growing compute contracts, the rebrand signals that artificial intelligence is becoming central to SpaceX's long-term strategy. Whether the new identity ultimately represents a unified technology platform or simply a new label for several interconnected businesses remains one of the biggest unanswered questions surrounding Musk's expanding AI empire.
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xAI Expands Grok Voice with 21 Multilingual AI Voices
predict.info -- Premium Domain For Sale Domain only: USD 200,000. Prediction platform technology priced separately. predict.info Elon Musk's artificial intelligence company xAI has announced the release of 21 new flagship voices for Grok Voice, its real-time conversational AI speech platform. These voices are fully multilingual, supporting over 25 languages, and are now available via the Grok Voice Agent Builder and xAI's developer APIs. Alongside the new additions, the original five Grok voices have been upgraded for improved pacing, phrasing, and emphasis. Each new voice has been tailored for specific use cases such as customer support, education, advertising, and entertainment. For example, the voice 'Carina' is designed to handle customer service interactions with a soft and empathetic tone: "Thanks for your patience -- I found the issue. [pause] Your account was still on the legacy plan, so I've moved you over and applied the credit to this month. You're all set. Anything else I can take care of?" Users can customize delivery with speech tags like and . Developers can access these voices through the Text-to-Speech API or build custom voice agents using the Grok Voice Agent Builder. xAI also offers a voice-cloning feature that allows users to replicate unique voices with as little as one minute of audio input. Strategic Expansion of Grok Voice This update marks a significant milestone in xAI's broader strategy to position Grok Voice as more than just a chatbot feature. Following the April 2026 launch of standalone speech-to-text and text-to-speech APIs, Grok Voice has evolved into a robust platform for enterprise and developer applications. These capabilities aim to compete with similar offerings from OpenAI, Anthropic, and Google DeepMind. Grok Voice is part of the larger Grok ecosystem, which integrates seamlessly into X (formerly Twitter) and other platforms. First launched in November 2023, Grok combines conversational AI with real-time data access, making it a key competitor to ChatGPT, Gemini, and Claude. Context and Challenges While xAI's innovations have pushed the boundaries of AI capabilities, the company has also faced challenges. In January 2026, California regulators ordered xAI to cease generating sexualized deepfake images of minors, an issue that highlighted the risks of generative AI misuse. Despite this, xAI has continued to scale aggressively, with Elon Musk stating in mid-2025 that the company plans to deploy the equivalent of 50 million H100 GPUs in AI compute over five years. As of July 7, 2026, Grok Voice remains a central component of xAI's AI ecosystem. Its integration with the X platform and developer tools underscores xAI's ambitions to dominate the conversational AI and voice tech markets. For developers and enterprises, the latest expansion of Grok Voice offers new opportunities to enhance user experiences, particularly in multilingual and customer-facing applications. With Musk's xAI aggressively advancing its AI infrastructure, Grok Voice is positioned to be a competitive player in the evolving AI space.
Anthropic inks $19B AI data center lease with TeraWulf
Anthropic PBC will pay $19 billion to lease a TeraWulf Inc. data center for 20 years. TeraWulf, a Nasdaq-listed developer of artificial intelligence infrastructure, announced the deal today. The company's shares rose 4.8% on the news. The data center that Anthropic has agreed to lease is currently being built on the site of a former aluminum smelting facility in Hawesville, Kentucky. The 790-acre campus has existing power transmission and fiber-optic infrastructure, which will speed up construction. Building new overhead power lines can take years in some cases. TeraWulf expects to bring an unspecified amount of "initial capacity" online in the second half of 2027. The facility will become fully operational the following year with 401 megawatts of computing power. TeraWulf will use a so-called closed-loop cooling system to dissipate heat from the graphics cards inside the data center. According to the company, the system doesn't draw water from local reservoirs but rather recycles the same cooling liquid. The coolant is a mix of water and a material called propylene glycol that is also used as a food additive. TeraWulf circulates the liquid through closet-like structures behind server racks to absorb heat from graphics cards. Pumps subsequently move the coolant outside the data center, where fans help radiate the heat into the atmosphere. The coolant then returns to the server rack and the process repeats itself. TeraWulf stands to realize a significant return on investment from its deal with Anthropic. A company presentation states that it intends to invest between $3 billion and $4 billion in the data center, or less than one fifth the lease's value. Last quarter, TeraWulf posted $34 million in revenue. It's unclear what chips Anthropic will install in the facility. Last week, rumors emerged that it may partner with Samsung Electronics Co. to produce a custom inference accelerator. The AI developer also uses chips from Nvidia Corp., Advanced Micro Devices Inc. and Google LLC. "When we announced the Justified Data campus acquisition in February, we told investors that we expected to secure a major customer commitment by around the end of the second quarter of 2026," said TeraWulf Chief Executive Officer Paul Prager. "The timing of today's announcement reflects the completion of final documentation and customary transaction processes." The Anthropic lease is not the only data center deal that TeraWulf announced today. Last year, the company teamed up with fellow data center developer Fluidstack Ltd. to build a 168-megawatt AI facility in Abernathy, Texas. TeraWulf today disclosed that it has agreed to sell its 50.1% stake in the facility to Fluidstack for $450 million. The deal is expected to provide a "premium to invested capital." Last November, Anthropic partnered with Fluidstack to build a network of data centers in the US. The companies indicated that the first facilities will be constructed in Texas and New York. As a result, it's possible that the Abernathy data center will host Anthropic workloads much like the Hawesville campus.
Why TeraWulf (WULF) Is Down 13.2% After Signing a 20-Year AI Data Campus Lease with Anthropic - And What's Next
* In early July 2026, TeraWulf announced that its subsidiary Raylan Data LLC entered a 20-year Justified Data Campus lease with Anthropic, committing approximately 401 MW of critical IT load at its Hawesville, Kentucky data center campus and targeting about US$19.00 billions in contracted revenue over the initial term. * The agreement signals a shift in TeraWulf's business mix, as it leans into long-duration, high-performance computing infrastructure for artificial intelligence alongside selling non-core assets. * We'll examine how this long-term Anthropic lease, and the move toward AI-focused recurring revenue, reshapes TeraWulf's investment narrative. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. What Is TeraWulf's Investment Narrative? To own TeraWulf today, you need to believe the company can successfully pivot from loss‑making bitcoin mining into a capital‑intensive, AI infrastructure platform with long‑dated, contracted cash flows. The new 20‑year Anthropic lease, with about US$19.00 billions in contracted revenue backed by investment‑grade credit, materially tilts the story toward recurring, high‑performance computing income and away from more volatile digital asset exposure. In the near term, the key catalysts shift to execution milestones: securing and building out the roughly 401 MW at Hawesville on time and budget, closing the US$530 million Abernathy sale, and managing dilution after recent equity raises. At the same time, the biggest risks now look less about pure bitcoin prices and more about construction, funding and delivering on very large AI commitments without further eroding an already weak balance sheet. However, the size of these AI commitments introduces new execution and funding risks that investors should be aware of.The analysis detailed in our TeraWulf valuation report hints at an inflated share price compared to its estimated value. Exploring Other Perspectives Five Simply Wall St Community fair value estimates span roughly US$18 to US$57.04, reflecting wide dispersion in expectations. Against that backdrop, TeraWulf's huge Anthropic lease and ongoing losses may pull opinions even further apart, so it is worth weighing several viewpoints before deciding how this evolving AI story fits into your portfolio. Explore 5 other fair value estimates on TeraWulf - why the stock might be worth over 2x more than the current price! Form Your Own Verdict Don't just follow the ticker - dig into the data and build a conviction that's truly your own.