News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic is launching its own drug discovery programs for rare diseases using Claude...
The news landed like a thunderclap in a San Francisco conference room on June 30, 2026. Anthropic, the artificial intelligence company behind the cutting-edge Claude model, announced it will launch its own 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.
Satya Nadella criticized Anthropic Fable AI request restrictions
Microsoft $MSFT CEO Satya Nadella told company engineers Wednesday that Anthropic's Fable AI model places unreasonable limits on what users can ask it, according to CNBC. "If you use Fable, when it refuses for any random thing, it just is like, when was the last time you had a creation tool that was so editorially controlled?" Nadella told engineers working on Microsoft's Copilot AI software, according to CNBC, which obtained a copy of his remarks. "It doesn't make sense." The comments were directed at engineers building Copilot and came as Anthropic has acknowledged its own restrictions are catching more benign requests than intended. When Anthropic restored Fable access on July 1 -- after cutting it off to comply with a U.S. government export control directive -- the company said the updated safeguards would flag a somewhat higher share of harmless requests than the previous version had. A support page indicates that queries touching on certain elements of large-scale model development, and other subjects, may be handled by an earlier version of Fable rather than the current one. The criticism is notable given how closely the two companies are tied. The November deal saw Microsoft commit $5 billion to Anthropic while Anthropic pledged to direct $30 billion toward Microsoft's Azure cloud platform. Microsoft also launched Copilot Cowork this year, a workplace productivity offering built around Anthropic's technology. Microsoft declined to comment on Nadella's remarks, and Anthropic did not respond to a request for comment. Nadella also used the meeting to argue that companies should not have to rely on a handful of AI providers. "It can't be that there are only two companies in the world with token capital, and everybody else is renting it," he told the engineers. "It makes no economic sense." Anthropic has faced mounting scrutiny from multiple directions. The company has been designated a supply-chain risk by the Pentagon after it refused to allow its models to be used for autonomous weapons or domestic surveillance -- a label Anthropic has called legally unsound and challenged in court. Despite the dispute, Anthropic has reported its annualized revenue climbing from roughly $9 billion at the end of 2025 to more than $30 billion. Microsoft shares are down 17% on the year, a stark contrast to the Nasdaq $NDAQ Composite's 11% advance over the same period.
Satya Nadella criticized Anthropic Fable AI request restrictions
Microsoft CEO Satya Nadella told company engineers Wednesday that Anthropic's Fable AI model places unreasonable limits on what users can ask it, according to CNBC. "If you use Fable, when it refuses for any random thing, it just is like, when was the last time you had a creation tool that was so editorially controlled?" Nadella told engineers working on Microsoft's Copilot AI software, according to CNBC, which obtained a copy of his remarks. "It doesn't make sense." The comments were directed at engineers building Copilot and came as Anthropic has acknowledged its own restrictions are catching more benign requests than intended. When Anthropic restored Fable access on July 1 -- after cutting it off to comply with a U.S. government export control directive -- the company said the updated safeguards would flag a somewhat higher share of harmless requests than the previous version had. A support page indicates that queries touching on certain elements of large-scale model development, and other subjects, may be handled by an earlier version of Fable rather than the current one. The criticism is notable given how closely the two companies are tied. The November deal saw Microsoft commit $5 billion to Anthropic while Anthropic pledged to direct $30 billion toward Microsoft's Azure cloud platform. Microsoft also launched Copilot Cowork this year, a workplace productivity offering built around Anthropic's technology. Microsoft declined to comment on Nadella's remarks, and Anthropic did not respond to a request for comment. Nadella also used the meeting to argue that companies should not have to rely on a handful of AI providers. "It can't be that there are only two companies in the world with token capital, and everybody else is renting it," he told the engineers. "It makes no economic sense." Anthropic has faced mounting scrutiny from multiple directions. The company has been designated a supply-chain risk by the Pentagon after it refused to allow its models to be used for autonomous weapons or domestic surveillance -- a label Anthropic has called legally unsound and challenged in court. Despite the dispute, Anthropic has reported its annualized revenue climbing from roughly $9 billion at the end of 2025 to more than $30 billion. Microsoft shares are down 17% on the year, a stark contrast to the Nasdaq Composite's 11% advance over the same period.
'I thought it was satire': Sam Altman mocks Anthropic's latest AI ad that's getting widely blasted for being 'dystopian marketing slop'
* Anthropic has a new 'hard questions' ad for Claude and AI * Reactions to the short clip have been mixed * OpenAI boss Sam Altman says the ad feels like satire Anthropic has a new ad out for its Claude AI chatbot, and it ties into its Hard Questions project -- an attempt to bring attention to some of the main concerns and hopes that people have about the future of AI. Will it take my job? Can it lead to new scientific discoveries? Why is there a new data center in my neighborhood? You can see the short film below, which features voices "from real people" that Anthropic has spoken to. Alongside shots of burning buildings, lab researchers, and racks and racks of hard drives, we have ruminations over whether AI can be trusted and how it might affect communities, education, and what it means to be human. Anthropic has boldly left the comments enabled on the video, and it's fair to say there's a mix of opinion: various posters have branded the clip as "dystopian marketing slop", a sign of "dark times", and "pretty horrifying". One commenter points out that the final "keep thinking" tagline is a strange choice for a technology that generally makes us think less. There are plenty of positive opinions too, with some calling the ad "profoundly beautiful", "great", and "thought-provoking", and even "the greatest commercial I've ever seen" in one case. Quite a few YouTuber users in the comments are simply asking for more access to the latest Claude Fable AI model. Questions and answers The ad has even caught the attention of Sam Altman, CEO of Anthropic rival OpenAI. His response to the clip was to say that he "thought this was satire", though it's worth remembering that he's not the most neutral of observers. Anthropic CEO Dario Amodei was previously vice president of research at OpenAI. What we can say for sure about the ad is that it's addressing many of the issues that are in the public conversation right now when it comes to AI technology. Anthropic has also launched a Hard Questions web portal where you can listen to some of the conversations the company has had with people across the US. The topics covered include the use of AI in medical diagnosis, safeguards around the misuse of AI, the resources needed to run data centers, how the technology might impact our critical thinking skills and creativity, which jobs might ultimately be replaced by AI, and what it's going to be like for kids to grow up with AI. Clearly this debate is going to go on and on across the years to come, but it does feel like the tension has never been greater between the hype and the backlash around AI. Big AI companies like Anthropic are going to have to work hard to keep users and governments on side as the technology becomes even more powerful and pervasive. Follow TechRadar on Google News and add us as a preferred source to get our expert news, reviews, and opinion in your feeds.
AI Is Becoming a Commodity, and That's a Problem for OpenAI and Anthropic
A handful of remarkable things that recently happened in the world of artificial intelligence all point in one direction: AI is becoming a widely available commodity. First, the price of AI good enough to accomplish most everyday tasks has dropped precipitously. This is due to lightweight models ...
In 50 years, they'll be 'laughing': Investor Jeremy Grantham says SpaceX is the 'craziest IPO in the history of man.'
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. For Jeremy Grantham, SpaceX's IPO will go down in history for all the wrong reasons. He claims it's "the craziest IPO in the history of man (1)." In a recent interview with Morningstar, the founder of Grantham, Mayo, Van Otterloo & Company (GMO), blasted the valuation for Elon Musk's rocket company. Must Read * Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 -- 6 ways to build wealth like a landlord without actually being one * JPMorgan still sees gold hitting $5,000/oz by Q4 -- and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold * The tax breaks in Trump's 'big beautiful bill' expire after 2028 -- and experts say most people won't act in time. What to do before the window closes Grantham is known as a "permabear" because of his perennially gloomy outlook on the market and stayed consistent with his recent analysis: "In 50 years, they'll be telling and writing stories about SpaceX and they'll be quoting you paragraphs from the prospectus and you will be laughing at it," he said (1). The prospectus Grantham is referring to is SpaceX's S-1 filing, which featured multiple page-long rocket ship pictures and lofty business ambitions such as space tourism and asteroid mining (2). But it isn't so much these sci-fi-sounding revenue sources that have Jeremy Grantham giggling. Grantham focused much of his criticism on SpaceX's artificial intelligence division, including xAI and X (formerly Twitter), which he considers "third-rate" compared to behemoths like Anthropic and OpenAI. Interestingly, a massive collapse in SpaceX's stock isn't the scariest scenario in Grantham's mind. He admitted that he's quite fearful of a future in which he's proven wrong and AI becomes so powerful that it creates a high-tech dystopia. Grantham told Morningstar, "If AI is actually going to be so good that the $1.7 trillion is cheap and the AI will be so powerful that our lives will be clearly at very severe risk, I wouldn't wish it on our species at all." On June 12, SpaceX shares initially rose from the starting price of $135 to about $160 per share (3). Although the stock briefly broke $200 a few days after IPO, it's currently trading around the $150 mark. Nasdaq fast-track brings in fast cash Even though Grantham said he's "90%" certain of a crash for SpaceX shares, he didn't rule out the possibility of price appreciation in the near-term. In Grantham's view, new indexing rules rather than intergalactic revenue sources could propel SpaceX higher.
Zerodha co-founder Nikhil Kamath agrees with Coinbase CEO Brian Armstrong on how cheaper, open-source models threaten Anthropic, OpenAI valuations
Zerodha co-founder Nikhil Kamath and Coinbase CEO Brian Armstrong have warned that the sky-high valuations of premium AI companies like OpenAI and Anthropic face a massive structural threat even as there is a growing investor skepticism surrounding the artificial intelligence (AI) boom.During an interview, the two prominent business leaders drew direct parallels between the current AI frenzy, the 2000s Dot-Com crash and standard crypto market bubbles. Both agreed that the primary concern is expensive, proprietary AI models that are losing their competitive advantages to cheap open-source alternatives and localized, domestic tech."Like me, the stock trader investor, I'm starting to feel at this point that if I were to take every private company in AI and short their stock today, in five years, I might make money," Kamath stated, adding, "It feels a bit like... the 'Internet bubble'.Kamath argues that the AI industry will shift from a globalised market dominated by a few American companies to a fragmented, regional economy. He predicts that through reverse-engineering, copying, and rapid development, individual nations will choose self-reliance over expensive imports."India will have its own copy of the model. Another country will have its own copy. The tokens, the energy, all of that will sit domestically within our country," Kamath noted. While these domestic variations might not sit at the absolute cutting edge, they will be entirely functional for everyday use. "If the world goes in that direction, I don't see the reason to pay the multiples that these private companies have today," he added.Coinbase CEO Brian Armstrong agreed with Kamath's market assessment, pointing out that while top-tier labs spend billions to build the next breakthrough, open-source alternatives trailing just six months behind are hitting the market at a mere fraction of the price."The open-source models are really like six months behind and they're like 99% cheaper or more sometimes for inference. So I think it's entirely possible that a larger percentage of the workload goes to these models that are 99% cheaper," Armstrong explained.According to Armstrong, while elite frontier models will remain valuable for highly specialized tasks like discovering new physics, average consumers and businesses will become heavily price-sensitive. He said that once standard models become efficient enough to run on cheap, everyday commodity hardware, the corporate defenses protecting high-value AI companies could completely dissolve."It makes me a little nervous when I see these valuations growing this fast as well. Like I've seen things like this happen before in crypto. They correct, and then there's real value under it, so then they grow later," Armstrong concluded.
China's Moonshot AI launches Kimi K3 to challenge US giants OpenAI, Anthropic
Beijing-based Artificial Intelligence (AI) startup Moonshot AI has launched Kimi K3, a 2.8 trillion-parameter model that stands as the largest open-weight AI system globally. The release on Friday comes amid a technology race between the United States (US) and China, occurring one month after the American government withdrew Anthropic's Fable and Mythos models over security concerns. According to Moonshot AI, Kimi K3 approaches the performance of Anthropic's frontier Fable model. While the company stated that K3 trails Anthropic's Claude Fable 5 and OpenAI's GPT 5.6 Sol in overall performance, it outperformed other tested models. The system beat Claude Opus 4.8 and GPT 5.5 on benchmarks evaluating coding and general agents. The model also features a 1 million-token context window, designed to process and retain data within a single prompt. Moonshot AI stated K3 includes two architectural upgrades aimed at improving computing efficiency and executing long-horizon coding tasks with minimal human supervision. Third-party evaluations support some of these claims. Arena.ai ranked Kimi K3 first in web interface-building tests. Vals AI placed the model second overall, behind Fable 5 but ahead of GPT-5.6 Sol. Artificial Analysis reported that its performance matches OpenAI's GPT-5.5 and Claude Opus 4.8 on multi-step tasks. Prior to this launch, the largest models in China were Meituan's LongCat-2.0 and DeepSeek's V4-Pro, which both feature 1.6 trillion parameters. Direct comparisons with US frontier systems remain difficult as companies like OpenAI and Anthropic do not publish parameter counts for models such as Fable, Mythos or GPT-5.5. Lian Jye Su, chief analyst at Omdia, noted that Chinese models are gaining traction globally because they are cheaper to run. "They can be run at a fraction of the cost that OpenAI charges its clients," Su said, though he added that scale "doesn't necessarily mean you have the best performance by default". Ryan Fedasiuk, a fellow at the American Enterprise Institute, noted that hosting the 2.8 trillion-parameter model locally is out of reach for most users, requiring "hundreds of thousands of dollars of computing equipment". Following the announcement, shares of competing Chinese AI firms declined. Z.ai, which introduced its GLM-5.2 model in June, saw its stock drop 28% on Friday. MiniMax Group fell 16%, while Alibaba shares dropped 4%, despite a partnership announcement with Apple earlier in the week. Founded in 2023, Moonshot AI is backed by Alibaba and Tencent. The company raised $2 billion at a valuation exceeding $20 billion in May.
Alibaba-Backed Moonshot AI Launches Kimi K3, Says It Narrows Gap With OpenAI, Anthropic Models
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through four segments. The Alibaba China E-commerce Group segment is mainly engaged in E-commerce business, including operating Tmall Supermarket and Tmall Global, providing customer management services, product sales, as well as logistics services. It also operates quick commerce business such as Taobao Instant Commerce and Ele.me, as well as the China commerce wholesale business through 1688.com. The Alibaba International Digital Commerce Group segment is mainly engaged in international commerce retail and wholesale business, operating platforms such as AliExpress, Trendyol, Lazada and Alibaba.com. The Cloud Intelligence Group segment mainly provides public and non-public cloud services. The Other segments primarily include the operations of Freshippo, Cainiao, Alibaba Health and other business.
In 50 years, they'll be 'laughing': Investor Jeremy Grantham says SpaceX is the 'craziest IPO in the history of man.' - AOL
This article adheres to strict editorial standards. Some or all links may be monetized. For Jeremy Grantham, SpaceX's IPO will go down in history for all the wrong reasons. He claims it's "the craziest IPO in the history of man (1)." In a recent interview with Morningstar, the founder of Grantham, Mayo, Van Otterloo & Company (GMO), blasted the valuation for Elon Musk's rocket company. Top Picks Grantham is known as a "permabear" because of his perennially gloomy outlook on the market and stayed consistent with his recent analysis: "In 50 years, they'll be telling and writing stories about SpaceX and they'll be quoting you paragraphs from the prospectus and you will be laughing at it," he said (1). The prospectus Grantham is referring to is SpaceX's S-1 filing, which featured multiple page-long rocket ship pictures and lofty business ambitions such as space tourism and asteroid mining (2). But it isn't so much these sci-fi-sounding revenue sources that have Jeremy Grantham giggling. Grantham focused much of his criticism on SpaceX's artificial intelligence division, including xAI and X (formerly Twitter), which he considers "third-rate" compared to behemoths like Anthropic and OpenAI. Interestingly, a massive collapse in SpaceX's stock isn't the scariest scenario in Grantham's mind. He admitted that he's quite fearful of a future in which he's proven wrong and AI becomes so powerful that it creates a high-tech dystopia. Grantham told Morningstar, "If AI is actually going to be so good that the $1.7 trillion is cheap and the AI will be so powerful that our lives will be clearly at very severe risk, I wouldn't wish it on our species at all." On June 12, SpaceX shares initially rose from the starting price of $135 to about $160 per share (3). Although the stock briefly broke $200 a few days after IPO, it's currently trading around the $150 mark. Nasdaq fast-track brings in fast cash Even though Grantham said he's "90%" certain of a crash for SpaceX shares, he didn't rule out the possibility of price appreciation in the near-term. In Grantham's view, new indexing rules rather than intergalactic revenue sources could propel SpaceX higher. On July 7, SpaceX joined the tech-heavy Nasdaq-100 index thanks to recent preferential "fast-track" rule changes. According to Reuters (4), JPMorgan said this official status alone could bring in $4.3 billion as massive funds become forced buyers. Grantham said that putting SpaceX in the Nasdaq-100 means "There'll be a lot of people who have to buy it for any index that is Nasdaq-y. So there'll be much more demand than there are sellers (1)." He even conceded that "It's hard to imagine the price won't go up and perhaps it will go up a lot" due to this market dynamic. But that still doesn't mean Grantham believes SpaceX is a smart long-term investment. Even though he sees potential for short-term price pumps, he ultimately believes it will come down hard when the realities of its negative earnings and massive AI spend become too much to bear. Some banks say SpaceX is a "buy" -- for now Grantham may be doom and gloom on SpaceX's prospects, but not all Wall Street firms are so pessimistic. Adam Jonas, the head of Morgan Stanley's Global Auto & Shared Mobility Research, recently became one of the most bullish analysts on record, initiating SpaceX as an "overweight" position with a $300 target price (5). Although other firms don't see SpaceX flying that high, many see potential for profits. Goldman Sachs, JPMorgan and Bernstein (6) have buy ratings with targets of $205, $225 and $239, respectively, according to Yahoo Finance reporting. And there has been some positive news to support this bullishness. For instance, CNBC reported on a deal between SpaceX and Google's parent Alphabet. Alphabet will pay nearly $1 billion (7) per month to rent computing power from SpaceX. Elon Musk also appears confident he'll reach $1 trillion in revenue by 2030, according to Reuters (8). But even with all of these positive ratings, analysts are quick to caution that a lot has to go right for SpaceX to reach its milestones. In fact, as MarketWatch reported (9), Morgan Stanley's own analysis suggests SpaceX probably won't be cash flow positive until 2035. As Adam Jonas cautioned in his CNBC interview (5), "For folks that are used to Tesla, it's going to be a volatile ride. And it's up to investors to decide whether the juice is worth the squeeze." SpaceX's losing streak SpaceX made one of the most anticipated public market debuts in years, but the excitement surrounding its IPO has quickly given way to a reality check. After soaring more than 20% during its first full trading day, the rocket maker has since surrendered those gains. Just a little over a month later, the stock has fallen below its $135 IPO price (10), underscoring just how quickly sentiment can shift once the initial euphoria fades. The decline isn't a surprise to everyone. Analysts at Morningstar have cautioned that the stock appears "significantly overvalued" (11). Much of that skepticism centers on the company's AI ambitions. Morningstar said the long-term profitability of SpaceX's xAI business remains highly uncertain, as analysts find its "economic moat intermediate." Companies tied to disruptive technologies can deliver eye-popping gains -- but they can also experience dramatic swings as investors constantly reassess future growth prospects. Investors in companies like SpaceX need both a strong stomach and a long-term mindset to weather the inevitable volatility. Get advice from Wall Street veterans Rather than chasing whichever stock dominates headlines, many of Wall Street's most successful investors have built their fortunes by patiently buying businesses trading below their intrinsic value. Legendary investor Warren Buffett has long advocated for this approach. "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price," wrote Buffett in his 1989 annual shareholder letter (12). Of course, that's easier said than done. Buffett has access to research teams, sophisticated financial models and decades of market experience that most retail investors don't. That's where platforms like Moby can help bridge the gap. Moby offers expert research and recommendations to help you identify strong, long-term investments backed by advice from former hedge fund analysts. In four years, and across almost 400 stock picks, their recommendations have beaten the S&P 500 by almost 12% on average. They also offer a 30-day money-back guarantee. Moby's team spends hundreds of hours sifting through financial news and data to provide you with stock and crypto reports delivered straight to you. Their research keeps you up-to-the-minute on market shifts, and can help you reduce the guesswork behind choosing stocks and ETFs. Plus, their reports are easy to understand for beginners, so you can become a smarter investor in just five minutes. Stick to an index fund Even companies with disruptive technology can experience painful pullbacks once the excitement surrounding an IPO fades. If you've built your portfolio around just one or two high-growth names, those swings can have an outsized impact on both your finances and your peace of mind. Instead of putting all your eggs in one basket, many experts recommend making diversified index funds the foundation of your portfolio. By owning hundreds of companies across multiple industries, investors reduce their dependence on any single stock. Platforms like Acorns make that process simple by automatically investing your spare change into diversified ETF portfolios, helping you steadily build wealth. All you have to do is link your cards and Acorns will round up each purchase to the nearest dollar, investing the difference -- your spare change -- into a diversified portfolio of ETFs managed by experts at leading investment firms like Vanguard and BlackRock. With Acorns, you can invest in an S&P 500 ETF with as little as $5 -- and, if you sign up today and set up a recurring investment, Acorns will add a $20 bonus to help you begin your investment journey. Diversify with a safe haven asset Whether you prefer owning individual stocks or mostly stick with index funds, SpaceX's recent stumble highlights an important lesson -- equities can be unpredictable. Investors are still grappling with lofty AI valuations, stubborn inflation, elevated interest rates and ongoing geopolitical tensions. Those factors can trigger sharp swings across the market, especially for fast-growing companies whose valuations depend heavily on future expectations. That's exactly why diversification matters. Holding assets that don't always move in lockstep with stocks can help smooth out your portfolio when volatility picks up. Gold has long earned its reputation as a safe-haven asset. Unlike equities, which often rise and fall with earnings expectations and investor sentiment, gold tends to attract buyers during periods of economic uncertainty. If you're curious about adding precious metals to your broader inflation-hedging strategy, a gold IRA from Goldco lets you hold physical gold and other metals while still getting the tax advantages of an IRA. They also offer a guaranteed buyback program, meaning they'll repurchase your metals at the highest price according to market value if you ever decide to sell. If you're curious whether this is the right investment to diversify your portfolio, you can download your free gold and silver information guide today. You can also get up to 10% in free gold or silver on qualifying purchases. Create a source of passive income with real estate Real estate can offer another way to diversify your portfolio. Property values are driven by local market conditions rather than the daily swings of Wall Street. There's another benefit as well -- income. While high-growth stocks depend largely on future appreciation, rental real estate can generate ongoing cash flow that helps support your portfolio through different market environments. The downside? Owning property comes with plenty of responsibilities -- from managing tenants to covering repairs and unexpected expenses. But with crowdfunding platforms like Arrived, you can invest in real estate without the burden of mortgages or managing tenants. And you can get started with as little as $100. Backed by world-class investors like Jeff Bezos, Arrived lets you purchase shares of vacation and rental properties across the country. Arrived distributes any rental income generated by properties to investors monthly, allowing you to potentially set up a passive income stream without the extra work that comes with being a landlord of your own rental property. The best part? For a limited time, when you open an account and add $1,000 or more, Arrived will credit your account with a 1% match. - With files from Eric Esposito. You May Also Like Join 250,000+ readers and get Moneywise's best stories and exclusive interviews first -- clear insights curated and delivered weekly. Subscribe now. Article Sources We rely only on vetted sources and credible third-party reporting. For details, see ourethics and guidelines. Morningstar (1); U.S. Securities and Exchange Commission (2); Google (3); Reuters (4), (8); CNBC (5), (7), (10), (11); Yahoo Finance (6); MarketWatch (9); Berkshire Hathaway (12) This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Microsoft CEO Questions Anthropic's Request Restrictions on Fable AI
Satya Nadella occupies the position of Chairman at The Business Council and Chief Executive Officer & Non-Independent Director at Microsoft Corp. He is also on the board of Starbucks Corp., The University of Chicago and Fred Hutchinson Cancer Research Center. He previously occupied the position of Member-Technology Staff at Sun Microsystems, Inc. Mr. Nadella received an MBA from The University of Chicago, a graduate degree from the University of Wisconsin-Milwaukee and an undergraduate degree from Mangalore University.
Anthropic in Early Talks With Samsung to Build Custom AI Chip
Anthropic is discussing a collaboration with Samsung to develop a custom artificial intelligence chip. Samsung would leverage its advanced 2-nanometer manufacturing process and chip-packaging expertise. The discussions remain early-stage, with no final decision yet on chip design, specifications, or timeline. Anthropic has not decided what the chip will be used for or how it will fit into servers. The company is exploring options, similar to how OpenAI tapped Broadcom to design inference chips for running large language models efficiently. Why Custom Chips Matter Training and running large language models demands enormous computational power. Custom silicon can optimize for specific workloads better than general-purpose processors. OpenAI's Jalapeño inference chip, announced recently, focuses on running models efficiently in production. Anthropic raising $65 billion in May gave the company capital to invest in infrastructure. A custom chip is a logical next step for a company building frontier AI models. The investment signals confidence that Anthropic will exist and grow for years. Samsung's Strategic Play Samsung manufactures chips for many AI companies. A formal partnership with Anthropic positions Samsung as a core partner in AI infrastructure. The company already works with OpenAI, Google, and Meta on chip design and manufacturing. Samsung's 2-nanometer process is cutting-edge. Using it for AI chips shows Samsung is competing directly with TSMC in this strategic market. The collaboration supports Samsung's broader ambitions in high-end semiconductor manufacturing.
FIS and Anthropic extend partnership
FIS, a global technology provider, has joined Project Glasswing, Anthropic's initiative that uses frontier AI to identify and address security vulnerabilities in software infrastructure. FIS operates systems that clear payments, move money, and run core banking for different institutions worldwide. The technology provider is actively testing Mythos 5, Anthropic's AI model, using it to scan and evaluate its own systems through Project Glasswing. Through Project Glasswing, which brings together organisations that build or maintain foundational software, FIS is putting Mythos 5, Anthropic's frontier model, to work as an additional layer within its security program.
Anthropic reveals it will pay $600,000 for someone to shape its tricky IPO story
Anthropic has already become a success story for venture capitalists. Now, the AI lab begins the tricky task of selling itself to a much larger pool of investors. The company behind the Claude AI model is preparing for a blockbuster initial public offering as soon as this fall that will test investor confidence in its gigantic private valuation, which reached $965 billion in May. To handle the shift to Wall Street, Anthropic is staffing up. On Tuesday, the company posted a job opening for a director on its investor relations team with a base salary of $425,000 to $600,000. The person will develop Anthropic's "investment narrative" and serve as a primary point of contact between major investors and company leadership, according to the listing. They'll track AI developments, speak about Anthropic's products in meetings, and project how major decisions will ripple through the stock market. The job listing says the director will work as a "thought partner" to Anthropic's head of investor relations -- himself a new hire. Kenneth Dorell took that job in June, reporting to chief financial officer Krishna Rao. Dorell previously led Meta's investor relations team. Anthropic's former head of strategic finance and investor relations, Vu Bui, left the company earlier this year, according to an Anthropic spokesperson. Anthropic's revenue boomed over the last year on the strength of its tools for business customers, including Claude Code -- it touted in May that its run-rate revenue crossed $47 billion. It has consistently released cutting-edge AI models, positioning it as OpenAI's key competitor. Dorell, the yet-to-be-hired director, and their team still have a tricky task ahead. Both Anthropic and OpenAI are unusual companies; their private valuations are vast, and AI labs are a new type of investment for Wall Street. Each pours titanic sums of money into training new models and hiring talent, is contending with new government involvement, and boasts an atypical financial structure. Anthropic is a public benefit corporation, meaning that it's required to balance shareholder returns with the "responsible development and maintenance of advanced AI for the long-term benefit of humanity." OpenAI is partially owned by a nonprofit. Each company has an influential bloc of researchers whom executives aim to please. Anthropic's new job listing alludes to that challenge. Its "preferred qualifications" section includes, "Interest in AI safety and enthusiasm for explaining a research-driven company to a financial audience." For guidance, Anthropic's investor relations team can look to SpaceX's $1.77 trillion IPO in June, in which the rocket company positioned itself as a major AI player. After the stock jumped post-listing, it tumbled. On Wednesday, SpaceX shares fell for the first time back below their listing price -- a warning sign for the AI labs about the fickleness of the investors they're beginning to court. Have a tip? Contact this reporter via email at [email protected], or over text, Signal, Telegram, or WhatsApp at 415-757-8198. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
Microsoft is working on AI-powered cyber defence tool to take on Anthropic's Mythos: Report
The race to build the next generation of AI-powered cybersecurity tools is gathering pace, and Microsoft appears ready to make its next move. According to a report by The Information, the technology giant is preparing to launch Project Perception, a new security product designed to help organisations identify and fix software vulnerabilities with the assistance of artificial intelligence. The product could debut as early as this month and is expected to combine AI models from Microsoft, OpenAI and Anthropic, allowing it to tackle different security tasks while keeping operating costs under control. If launched as reported, Project Perception would mark Microsoft's latest effort to strengthen its enterprise security portfolio at a time when businesses are increasingly investing in AI-driven cyber defences to counter a rapidly evolving threat landscape. A multi-model approach to finding software flaws Unlike security tools that rely on a single AI model, Project Perception is expected to use what is known as a model router. According to The Information, this system would determine which AI model is best suited to a particular task before assigning the workload accordingly. The approach would allow Microsoft's own AI models, alongside those from OpenAI and Anthropic, to work together rather than independently. Depending on the complexity of a software vulnerability, the platform could switch between models to analyse code, identify security weaknesses and automatically generate fixes. The strategy is also intended to reduce costs. Anthropic's cybersecurity-focused AI model, Mythos, has gained attention for its advanced bug-hunting capabilities but is considered expensive to deploy at scale. By routing requests across multiple models instead of relying solely on one, Microsoft reportedly hopes to offer customers similar capabilities at a lower price point. Pricing for Project Perception has not yet been finalised, according to the report. The timing reflects a broader shift within enterprise cybersecurity, where AI is increasingly being used to automate tasks that previously depended on large teams of human analysts. Modern organisations face an ever-growing number of cyber threats, while attackers themselves are also beginning to use AI to discover software vulnerabilities more quickly. Part of Microsoft's broader AI security push Project Perception is understood to be one of the first major initiatives under Hayete Gallot, Microsoft's new head of security, who assumed leadership of the division earlier this year. Since taking charge in February, Gallot has reportedly reorganised Microsoft's security business to place greater emphasis on AI-powered products while reducing investment in older offerings. The changes are aimed at reinforcing Microsoft's leadership in enterprise security as competition intensifies. Although Microsoft remains the world's largest provider of enterprise security software, newer AI-focused rivals have rapidly attracted attention. Anthropic, in particular, has emerged as a significant player after demonstrating specialised AI systems capable of identifying software bugs and other cybersecurity risks. That shift has fuelled growing demand from businesses looking to strengthen their cyber defences against increasingly sophisticated attacks, especially those that are themselves being enhanced by artificial intelligence. Security executives have told The Information that organisations are investing heavily in AI tools capable of continuously monitoring software, detecting vulnerabilities and reducing dependence on manual security operations. For Microsoft, Project Perception represents more than another AI product. It reflects a strategic attempt to combine multiple leading AI models within a single platform while addressing one of enterprise customers' biggest concerns: balancing cutting-edge capabilities with manageable costs. The company has not officially announced Project Perception, and details of the product remain based on reporting by The Information. However, if the launch proceeds as expected, Microsoft's latest offering could further intensify competition in the emerging market for AI-powered cybersecurity tools, where technology companies are racing to build systems that can outpace both human hackers and AI-assisted cyberattacks.
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'It Doesn't Make Sense': Satya Nadella Takes Aim at Anthropic's AI Restrictions
Nadella questioned Anthropic's AI guardrails while advocating greater enterprise control over models, data and AI learning, amid intensifying global competition. Microsoft CEO Satya Nadella has questioned the restrictions imposed by Anthropic's flagship Fable artificial intelligence (AI) model, arguing that excessive controls on AI responses hinder innovation and make little sense for users. His remarks, made during an internal meeting with Microsoft engineers, have reignited discussions about AI safety, enterprise control and the growing battle among leading AI companies. According to CNBC, Nadella criticised Fable's tendency to refuse certain user requests, saying, "If you use Fable, when it refuses for any random thing, it just is like, when was the last time you had a creation tool that was so editorially controlled? It doesn't make sense." His remarks arrive as competition intensifies across the AI sector. Chinese startup Moonshot AI unveiled Kimi K3, claiming it rivals top models from Anthropic and OpenAI, while Microsoft continues expanding its own in-house AI models and Copilot ecosystem. Restrictions on Fable Under the Spotlight Anthropic introduced its Fable 5 model with enhanced safeguards aimed at reducing harmful AI outputs. However, shortly after its launch, the company temporarily withdrew access to comply with US government export control directives before restoring the model with stricter safety mechanisms. According to Anthropic, the updated safeguards intentionally block a slightly higher number of harmless requests to minimise potential misuse. The company also routes some sensitive queries, particularly those involving advanced AI model creation, to older model versions. Despite those precautions, some developers have criticised Fable on social media for rejecting seemingly legitimate requests, a concern echoed by Nadella during the internal discussion. His comments are particularly notable because Anthropic remains both a strategic Microsoft partner and a major Azure cloud customer. Microsoft invested $5 billion in Anthropic last year, while the AI startup committed to spending $30 billion on Microsoft's Azure cloud infrastructure. Nadella Pushes for Enterprise Control Over AI Nadella's criticism aligns with the broader vision he outlined in a recent blog post titled The Reverse Information Paradox, where he argued that businesses risk giving away valuable institutional knowledge every time they rely on external AI models. "In consuming intelligence, you are creating intelligence. And what you create should belong to you," Nadella wrote, warning that organisations often pay for AI twice, first financially and then by exposing proprietary knowledge through prompts, feedback and workflows. He also questioned what he described as the irony of AI companies restricting customers from distilling models while simultaneously retaining the ability to learn from customer interactions. Quoting Palantir CEO Alex Karp, Nadella argued that enterprises increasingly want full control over "their compute, their models, their data stack, and their alpha," insisting organisations should "own the means of production". AI Competition Enters a New Phase Nadella's comments come as the AI industry shifts toward cost-efficient, customisable models rather than relying solely on frontier systems from the largest AI laboratories. Microsoft now offers developers access to more than 11,000 AI models through Azure AI Foundry, including models from Anthropic and OpenAI. During the meeting, Nadella also questioned the economics of AI infrastructure, saying, "It can't be that there are only two companies in the world with token capital, and everybody else is renting it. It makes no economic sense." However, Nadella's criticism signals a broader shift in enterprise AI strategy, one that prioritises openness, customer ownership of data and learning, and greater flexibility over tightly controlled proprietary systems.
Chinese startup Moonshot AI unveils Kimi model it says rivals OpenAI, Anthropic
Chinese startup Moonshot AI has unveiled a new model it says closes the gap with leading U.S. offerings and surpasses OpenAI and Anthropic's most capable systems on some benchmarks. Kimi K3 still trails Anthropic's Claude Fable 5 and OpenAI's GPT 5.6 Sol on overall performance, the company said on Friday, but consistently outperformed other tested models. The model beat Claude Opus 4.8 and GPT 5.5 -- models that sit just behind Anthropic and OpenAI's leading-edge systems -- on benchmarks including coding and general agents, according to Moonshot. It's China's largest AI model so far, with 2.8 trillion parameters, referring to the size of its neural network. "Despite persistent hardware/compute capacity constraints in China, K3 demonstrates that pre-training scaling, paired with architectural innovation, can still deliver step-change gains for flagship Chinese models," Bank of America analysts said in a note led by Alex Liu. The release comes as the race for AI supremacy between the U.S. and China intensifies. Chinese AI models are already gaining traction among Western companies as they close the performance gap with U.S. rivals and remain cheaper to use than the most advanced offerings from American labs. U.S. lawmakers are considering how to curb the growing adoption of Chinese AI models by homegrown companies.
FIS Joins Anthropic's Project Glasswing to Test its Software Security
Fidelity National Information Services, Inc. is one of the world's leading providers of technology solutions, payment card issuance and transaction processing services management and outsourcing services to financial institutions and retailers. Net sales break down by activity as follows: - payment card issuance services (68.2%); - financial services (29.9%); - other (1.9%). The group also develops banking management software used to file primary records of customer accounts, electronic transfer of funds software, bank and online payment services, detection and prevention of frauds services, payment card issuance services, etc. North America accounts for 77.8% of net sales.
xAI reportedly loses all 11 co-founders: turnover surges
Former staff cite long hours, top-down decisions and looming layoffs xAI, the Elon Musk AI company behind Grok, is reportedly dealing with a talent problem. Reports say all 11 original co-founders are gone, and staff turnover more broadly has been described as unusually high. Former employees describe xAI as a hard place to work: long hours, decisions concentrated at the top, not much tolerance for disagreement, and constant churn. People watching the company say that could start to show up in execution, hiring, and enterprise credibility, even after reports of a $20 billion raise at roughly a $230 billion valuation and a February 2026 merger with SpaceX that reportedly put the combined company near $1.25 trillion. Reports also say xAI has measured Grok against Claude, Anthropic's competing model, especially on coding. Inside the company, there was said to be frustration that Grok lagged behind. There were also allegations that Claude outputs were used to improve xAI's coding systems, including claims that some employees kept relying on personal Anthropic accounts after official access had been cut off. xAI was also reportedly preparing layoffs of as much as 30% in March 2026, though other reports put the cuts at more than 70%. All of that landed while Grok was already taking heat over deepfake sexual images, misinformation, and a July 2026 allegation that one coding tool sent entire code repositories to the cloud without clear consent. If you follow Grok closely, keep an eye on this. The next round of xAI news will likely come down to one question: can the company behind Grok get itself steady?
Microsoft Turns On OpenAI And Anthropic As AI Alliance Frays
For a decade, Microsoft was OpenAI's landlord, bank and shopfront. It now wants to be its rival. At an internal meeting on Tuesday, executives told the company's sales organisation to start negatively comparing AI products from OpenAI, Google and Anthropic against Microsoft's own, pitching the efficiency and lower cost of its in-house models, according to people familiar with the session . The meeting, billed as a strategy session for fiscal year 2027, which began on 1 July, produced two quotes that will follow Microsoft around for some time. At heart, I am a storyteller drawn to the watershed moments that bend the technology landscape. I braid narrative with data, humanise statistics, and trace the arc from first spark to world-changing impact. My reportage, features and reviews are witty, sardonic, visual and vivid, using anecdote to illuminate rather than eviscerate. As a technology journalist with over sixteen years of experience, I have travelled the world and the seven seas, covered every major tech conference worth its lanyard, chronicled the defining breakthroughs of the last decade and a half, and played a pivotal role in launching some of India's most important technology publishing platforms across web, print and TV. In my current role as Editor of Gadgets Now Studios, I bring that experience, instinct and editorial firepower to the table, with the mandate of scaling the brand to towering heights. When I am off the clock, I am usually lost in music, from underground electronic and progressive rock to stone-cold blues. I am also an incurable F1 nut, a hangover from my previous life as an auto journalist, and always game for a jam session with friends, where I do my best to make my guitar gently weep.
