News & Updates
The latest news and updates from companies in the WLTH portfolio.
SpaceX Post-Listing Collapse Threatens IPO Market's AI Euphoria
SpaceX shares slumped2.97%Thursday, on pace for an eighth drop in nine sessions, as it wiped out $903 billion from a closing high last month. SpaceX's fall from its post-listing peak to below its IPO price in just a month poured cold water on the market for newly public companies, dragging a key gauge of this year's debuts down with it. The pullback across stocks linked to themes such as artificial intelligence infrastructure and aerospace and defense -- two of the hottest sectors for newly-public companies -- depressed the weighted average return for this year's US initial public offerings to 6%, lagging the S&P 500 Index's 11% return, data compiled by Bloomberg through July 15 show. Broader market volatility, including share price declines for recent listings, is set to dampen enthusiasm for what a Blackstone Inc. executive dubbed the year of the IPO. The majority of US debuts over the past two months are trading below their offer price, data compiled by Bloomberg show. ALSO READ: SpaceX Craters Below IPO Price For First Time; Shares Down 40% From Post-Listing Peak SpaceX shares slumped 2.97% Thursday, on pace for an eighth drop in nine sessions, as it wiped out $903 billion from a closing high last month. Shares of SK Hynix Inc., which raised $26.5 billion in a record-setting debut of its own last week, dropped 12% bringing it just a few dollars above the $149 level where it sold American depositary receipts to investors. Add image caption here Activity in the near-term will "be less busy than we thought," Michael Ventura, co-head of US equity capital markets at Royal Bank of Canada, said in an interview. "You will have transactions that launch and price but outside of the headline names it'll be quieter." Blockbuster Deals Even without blockbuster deals like SpaceX and SK Hynix, the broader US IPO market hasn't shot out the lights. The weighted-average return for those 2026 US IPOs has pulled back to roughly 10% through July 15's close, modestly lagging the return for the S&P 500. The underlying market volatility over the past month, despite an S&P 500 that is virtually unchanged, has prompted investors to rotate away from once-favored themes. While the benchmark is up roughly 0.3% over that stretch, the Philadelphia Stock Exchange Semiconductor Index has slumped 11% and a momentum basket of stocks down more than 8%. "We had a ton of momentum with the AI theme that led to the deals trading well out of the gates but with markets trading how they are, the steam will come off of that a little bit, and that's to be expected," said Eddie Molloy, co-head of global equity capital markets at Morgan Stanley. Investors will likely get a taste of companies that sit away from AI with Blackstone-backed Jersey Mike's Subs Inc. and gas-station and convenience-store operator Cumberland Farms Ltd. able to launch formal marketing of their IPOs as soon as Monday. They would be the first consumer-oriented firms to go public with sizable deals since Suja Life Inc. debuted in May. The handful of notable consumer companies to IPO this year have lagged, ranging from Suja Life's 48% decline to Yesway Inc.'s 3.3% gain. Still, it's too early to rule out a second-half surge led by Anthropic PBC, which could go public as soon as October, Bloomberg News reported. Wall Street's biggest investment banks announced in the last few days that they hauled in the most revenue from advising on equity offerings in the second quarter since 2021, fueled by SpaceX's record-setting IPO and a fundraising blitz for AI infrastructure. ALSO READ: SpaceX, Apple, PayPal, Micron Dominate Wall Street Action Amid Muted Moves In Dow, S&P 500 Companies have already raised $157 billion through July 16, excluding blank-check companies and other financial vehicles, data compiled by Bloomberg show. Bankers are optimistic that deals will flow after September's Labor Day holiday. "Is there volatility in the broader market and that impacts the IPO market? Yes," said Arnaud Blanchard, co-head of global ECM at Morgan Stanley. "But overall we're not seeing a decrease in appetite for deals which we expect to come to market over the coming quarters." (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories -- On NDTV Profit.
Here's Why Anthropic Is Pushing States to Regulate AI Faster | Tech Biz Web
In the fast-moving world of artificial intelligence, Anthropic is playing a role that feels strikingly counterintuitive for a tech giant. While much of Silicon Valley has aggressively lobbied against government oversight -- fearing that red tape will strangle innovation -- Anthropic is actively inviting it. Last year, the company played a pivotal role in shaping and passing new transparency laws in California and New York. Now, they are signaling that those hard-won victories are already relics of the past. As Cesar Fernandez, Anthropic's head of U.S. state and local government relations, recently told WIRED, the rapid evolution of AI technology means that mere self-reporting is no longer enough. The company is now championing more stringent oversight, arguing that if technology is moving at breakneck speed, our policy responses must accelerate to match it. The motivation behind this stance is rooted in Anthropic's unique corporate DNA. Valued at nearly $1 trillion, the company is undeniably a titan of industry, yet it remains tethered to a founding mission that prioritizes the "safe transition" to a world with transformative AI over pure market dominance. This philosophy has pushed them to support some of the most rigorous proposed regulations in the country. From Illinois to Massachusetts, Anthropic is backing measures that go far beyond simple transparency, advocating for mandatory third-party audits of safety protocols and empowering state attorneys general to hold AI developers accountable. For a company that stands to lose the most from overly restrictive rules, this proactive embrace of regulation is a deliberate, albeit unconventional, strategy. To navigate this complex political landscape, Anthropic has recruited Cesar Fernandez, a seasoned veteran of high-stakes government relations who previously cut his teeth steering policy at companies like Uber and FanDuel. Fernandez's expertise is arriving at a critical juncture; with Congress largely deadlocked on federal AI policy, individual states have stepped into the vacuum to set their own rules. By deploying someone who understands how to win legislative battles on a state-by-state basis, Anthropic is positioning itself as the primary architect of the new AI rulebook. This gives them a significant advantage: they aren't just reacting to laws, they are effectively shaping the environment in which their own future technology will operate. However, not everyone in Silicon Valley sees this as a virtuous quest for safety. A growing chorus of critics, including high-profile tech figures like David Sacks, views Anthropic's behavior through a cynical lens known as "regulatory capture." The argument suggests that by lobbying for complex and expensive compliance requirements, Anthropic is effectively building a moat around its business. If the cost of playing in the AI field becomes high enough due to mandatory audits and strict safety mandates, smaller, hungrier startups will be forced out of the market. To these critics, Anthropic isn't trying to save the world; they are trying to cement their status as an incumbent by rigging the game against potential future competitors. Fernandez and the leadership at Anthropic vehemently reject this "nefarious" characterization. They point out that the legislation they support is carefully calibrated to apply only to "large AI model developers" -- specifically those with hundreds of millions of dollars in development costs and significant annual revenues. From their perspective, the threshold is high enough that it won't affect the average startup just getting off the ground. They argue that the focus is entirely on the industry giants, of which they are a member, acknowledging that companies with the power to influence society at scale should be subject to the intense scrutiny that their own massive scale demands. The reality, however, remains nuanced and arguably somewhat gray. While Anthropic's thresholds might shield early-stage ventures, the line between an "up-and-coming startup" and a "large developer" is blurring, especially as billions of dollars in venture capital flood the sector. Companies like Mistral and Safe Superintelligence are already operating at a scale that could eventually bring them under the umbrella of these regulations. Whether these policies are truly about protecting humanity from "catastrophic risks" or simply about controlling the supply side of the AI market remains a point of heated debate. Ultimately, Anthropic is betting that by leading the regulatory conversation, they can define the safety standards of the future -- and perhaps ensure that the only players left in the game are those willing to play by their, and the government's, sophisticated rules.
Microsoft Stock Rises 2.9% as AI Sales Push Targets OpenAI and Anthropic
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT), the world's largest software company, is preparing its sales team to compete more aggressively with Anthropic, the artificial intelligence company behind Claude, and OpenAI, another major AI developer. During internal meetings held Tuesday and Wednesday, Microsoft executives said the company should emphasize its lower costs, stronger security controls, and broader product offering. Executive Vice President Jay Parikh said Microsoft's fiscal 2027 sales message should focus on the company providing a complete end-to-end system while competitors offer individual parts. This strategy supports Microsoft's effort to position itself as a platform where businesses can fine-tune, deploy, and monitor artificial intelligence across their operations. The competitive push comes as Microsoft faces pressure from large AI startups and rival cloud platforms, including Alphabet (NASDAQ:GOOGL), the technology company that owns Google. Investors have raised concerns that newer AI tools could replace established software products, while Microsoft's rising data-center spending has added further pressure on sentiment. The stock has fallen 20% this year, although shares gained 2.9% to $396.08 by 1:50 p.m. in New York, representing the largest intraday increase in two weeks. Executive Vice President Jacob Andreou also compared Microsoft's Copilot assistant with Anthropic's Claude for use in Microsoft's office products, saying Claude was slower, less accurate, and lacked suitable security integrations. Anthropic declined to comment. Chief Executive Officer Satya Nadella said customers are expected to focus more heavily over the next year on monitoring AI costs and using cheaper models. Nadella pointed to Unilever, a consumer goods company, which built an automated claims-processing system on Microsoft's platform that is projected to generate about $300 million in savings. The system had previously used one of the most advanced AI models available before switching to a less expensive Microsoft model. Microsoft has also replaced advanced models from OpenAI and Anthropic with its own cheaper alternative in some products, according to Bloomberg. Investors may view the strategy as an attempt to improve AI economics while strengthening Microsoft's position against fast-growing competitors.
Microsoft sharpens AI sales pitch against OpenAI and Anthropic
Microsoft is reportedly training its sales teams to compete aggressively against leading artificial intelligence (AI) firms, Anthropic and OpenAI. The strategy involves highlighting the shortcomings of their products. According to a Bloomberg report, the tech giant is focusing on lower costs, better security controls, and a more comprehensive suite of products in its pitch.
SpaceX vs. Rocket Lab: Which Is the Better Space Stock to Buy Right Now?
Space stocks are on many investors' minds these days, but going all-in on this sector right now comes with considerable risk, as most rocket stocks are volatile. Still, two stocks that are no doubt near the top of many investors' watch lists are Space Exploration Technologies (NASDAQ: SPCX) and Rocket Lab (NASDAQ: RKLB). Here's which one looks like the better buy right now. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Image source: Getty Images. The case for SpaceX What was once just a rocket company has morphed into an expanding technology behemoth with its sights set on both the space and artificial intelligence (AI) markets. SpaceX has highly ambitious goals for both, including colonizing Mars, launching orbital data centers, expanding its Starlink satellite internet business, and building what some analysts are calling a "sovereign AI" platform in which the company controls the AI model, chip designs, processor manufacturing, and everything in between. That's part of the appeal of SpaceX for some investors -- the company is trying big things, like developing its Starship rocket, which it says will reduce the costs of putting payloads into orbit by at least 90%, or deploying a constellation of data center satellites. Morningstar research puts the total addressable market for its Starlink connectivity business at $129 billion. And the company is making headway on some of its goals. It has 12 million Starlink internet subscribers and generated $1.9 billion in operating profit from that business in the most recent quarter. SpaceX is also making progress with its neocloud business, which leases data center capacity (Earth-bound, for now) to tech companies including Alphabet and Anthropic. That business has already signed more than $81 billion in contracts. And then there's the potential for SpaceX to merge with Elon Musk's other large company, Tesla. That could expand SpaceX's opportunities into the autonomous vehicle and humanoid robot markets, the latter of which could be worth $3 trillion by 2050, according to a Morgan Stanley forecast. The case for Rocket Lab There's some overlap between Rocket Lab and SpaceX, though Rocket Lab isn't building AI data centers or planning to merge with a humanoid robotics company (as of now). The company is instead mostly focused on launching rockets for its customers and on expanding its satellite communications network through its recently announced purchase of Iridium Communications. Rocket Lab has agreed to pay $8 billion for Iridium, and is expected to close on the deal next year, giving it 2.5 million satellite-based mobile subscribers. The service is mainly geared toward the private and government sectors, in contrast to Starlink, which caters more to customers who want at-home internet service. Iridium is profitable, with $114 million in net earnings last year, and the deal will help Rocket Lab expand its satellite communications network to better compete with SpaceX. But Rocket Lab's primary business is sending payloads into space, and in the first quarter, the company signed 31 new deals, selling more launches than it did in all of 2025. The company also has some major launch contracts already signed, including with the U.S. government to establish the satellite system for the proposed Golden Dome missile defense system. It also has contracts for missile tracking and military communications. Verdict: Rocket Lab is the better stock to buy right now While Rocket Lab isn't profitable, its loss of $0.07 per share in Q1 was an improvement from its loss of $0.12 per share in the prior-year quarter. Revenue is also growing at a healthy clip, rising 64% to $200 million. In contrast, SpaceX's sales rose just 15% in Q1 to $4.7 billion, and the company's loss of $3.29 per share was dramatically worse than its $0.41 per share loss in the year-ago quarter. SpaceX's massive losses have been fueled by sharp increases in its capital expenditures, which reached $10 billion in Q1 2026 alone, compared to $27 billion for all of 2025. That heavy spending should give investors pause, and so should the lofty valuation of its stock. SpaceX trades at a price-to-sales (P/S) ratio of about 94 compared to Rocket Lab's P/S ratio of 66. While neither stock is cheap, SpaceX's shares trade at a much higher premium even as the company ramps up spending and its losses widen. All of which means that Rocket Lab looks like the better space stock to buy right now. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a "Double Down" stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: * Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $550,021!* * Apple: if you invested $1,000 when we doubled down in 2008, you'd have $60,010!* * Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $396,542!* Right now, we're issuing "Double Down" alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks " *Stock Advisor returns as of July 16, 2026. Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Rocket Lab, and Tesla. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Moonshot AI plans Kimi K3 launch to challenge Anthropic's Claude Opus 4.8
Beijing-based startup with 2.5 trillion parameter model is turning the global AI race into a pricing and performance war that crypto-adjacent investors can't ignore A Chinese AI startup most people outside tech circles have never heard of is about to pick a very public fight with one of the biggest names in American artificial intelligence. Moonshot AI, a Beijing-based company founded just over three years ago, is preparing to launch its Kimi K3 model with a stated goal of going head-to-head with Anthropic's Claude Opus 4.8. The launch window has leaked as around July 15, and the specs are genuinely eye-catching: roughly 2.5 trillion parameters, a 1-million-token context window, and a Mixture-of-Experts architecture designed for coding and agentic tasks. For context, a 1-million-token context window means the model can process the equivalent of several full-length novels in a single prompt. What Moonshot is actually building Moonshot AI was founded in March 2023 by Tsinghua University alumni, with CEO Yang Zhilin at the helm. The company reached a unicorn valuation of around $3 billion shortly after its founding. Kimi K2.6, launched in April, reportedly posted leading scores on coding benchmarks against Anthropic's Claude models. Now K3 is stepping up with a new architecture and a parameter count that dwarfs most publicly known models. The Mixture-of-Experts approach routes queries to specialized sub-networks instead of running every input through all 2.5 trillion parameters. The result is a model that can be massive in total capacity but efficient in actual compute per query. Moonshot is also leaning into open weights, meaning developers can inspect and build on the model's internals rather than treating it as a black box. This is a deliberate competitive choice against Anthropic's closed-model approach, and it matters for pricing. Open-weight models tend to drive costs down because they invite competition at the infrastructure layer. A limited-time API recharge promotion briefly appeared online before the official announcement, suggesting Moonshot is planning an aggressive marketing push to lock in early adopters and developers. Why crypto investors should care about an AI model launch There are no reported direct ties between Moonshot AI and digital assets. But the AI compute market is one of the fastest-growing demand drivers for decentralized GPU networks like Render, Akash, and io.net. Every time a new open-weight model drops with competitive performance against closed alternatives, it expands the universe of developers who can deploy AI workloads outside the walled gardens of OpenAI and Anthropic. If Kimi K3 delivers Claude Opus-level performance at a fraction of the cost, which is the explicit goal, it compresses margins for every company selling AI inference. Anthropic, OpenAI, and Google all charge premium rates for their top-tier models. A credible open-weight alternative at 2.5 trillion parameters forces those prices down, which in turn makes decentralized compute networks more cost-competitive relative to centralized cloud providers. The US-China AI competition is intensifying, and export controls on advanced chips have pushed Chinese labs to optimize architectures for efficiency rather than brute-force compute. Mixture-of-Experts is partly an answer to hardware constraints. What to watch from here The benchmark claims from K2.6 were impressive, but vendor-reported benchmarks are the AI equivalent of a company citing its own customer satisfaction survey. Independent testing of K3 after launch will be the real litmus test. For crypto market participants specifically, watch the decentralized compute sector. Every major open-weight model release has historically correlated with increased activity on GPU marketplace protocols. Tokens tied to AI inference, model hosting, and decentralized training could see renewed interest if K3 lives up to the hype.
SpaceX vs. Rocket Lab: Which Is the Better Space Stock to Buy Right Now?
Space stocks are on many investors' minds these days, but going all-in on this sector right now comes with considerable risk, as most rocket stocks are volatile. Still, two stocks that are no doubt near the top of many investors' watch lists are Space Exploration Technologies (NASDAQ: SPCX) and Rocket Lab (NASDAQ: RKLB). Here's which one looks like the better buy right now. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " The case for SpaceX What was once just a rocket company has morphed into an expanding technology behemoth with its sights set on both the space and artificial intelligence (AI) markets. SpaceX has highly ambitious goals for both, including colonizing Mars, launching orbital data centers, expanding its Starlink satellite internet business, and building what some analysts are calling a "sovereign AI" platform in which the company controls the AI model, chip designs, processor manufacturing, and everything in between. That's part of the appeal of SpaceX for some investors -- the company is trying big things, like developing its Starship rocket, which it says will reduce the costs of putting payloads into orbit by at least 90%, or deploying a constellation of data center satellites. Morningstar research puts the total addressable market for its Starlink connectivity business at $129 billion. And the company is making headway on some of its goals. It has 12 million Starlink internet subscribers and generated $1.9 billion in operating profit from that business in the most recent quarter. SpaceX is also making progress with its neocloud business, which leases data center capacity (Earth-bound, for now) to tech companies including Alphabet and Anthropic. That business has already signed more than $81 billion in contracts. And then there's the potential for SpaceX to merge with Elon Musk's other large company, Tesla. That could expand SpaceX's opportunities into the autonomous vehicle and humanoid robot markets, the latter of which could be worth $3 trillion by 2050, according to a Morgan Stanley forecast. The case for Rocket Lab There's some overlap between Rocket Lab and SpaceX, though Rocket Lab isn't building AI data centers or planning to merge with a humanoid robotics company (as of now). The company is instead mostly focused on launching rockets for its customers and on expanding its satellite communications network through its recently announced purchase of Iridium Communications.
Microsoft Wants Sales Team to Push Its Own AI Models Instead of Rivals OpenAI, Google and Anthropic: Repo
Copilot vs. Claude Comparison Raises Eyebrows According to the report, Copilot chief Jacob Andreou compared Copilot with Anthropic's Claude, saying it was slower, less accurate and did not have strong security integrations across Microsoft's Office apps. Microsoft did not immediately respond to Benzinga's request for comment. Microsoft CEO Satya Nadella recently said companies "pay for intelligence twice" when they rely on third-party AI, warning that using outside models can expose valuable business knowledge to external vendors. Trading Metrics Microsoft has a market capitalization of $2.94 trillion, with a 52-week high of $555.45 and a 52-week low of $349.20. Over the past 12 months, the large-cap stock has dropped 21.75%. Price Action: The stock had closed on Wednesday at $395.63, up 2.78%, according to Benzinga Pro data. Benzinga's Edge Stock Rankings indicate that MSFT is experiencing medium-term consolidation along with short and long-term upward movement. Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Microsoft Coaching Sales Teams on Pitches to Win Against OpenAI, Anthropic
Microsoft Corporation is the world's leader in the design, development and marketing of operating systems and software programs for PC's and servers. The group also builds and sells computer equipment. Net sales break down by activity as follows: - sale of operating systems and application development tools (42.9%): primarily for servers (Azure, SQL Server, Windows Server, Visual Studio, System Center, GitHub, etc.) and (Windows); - development of cloud-based software applications (37.7%): programs for productivity (Microsoft 365; Word, Excel, PowerPoint, Outlook, OneNote, Publisher and Access), integrated management and customer relationship management (Dynamics 365), online file sharing and management (OneDrive), and unified and collaborative communications (Microsoft Teams); - other (19.4%): primarily sale of software licenses (Windows), tablets (Microsoft Surface), video game consoles and software (Xbox), computer accessories, etc. The United States accounts for 51.3% of net sales.
SpaceX stock erases all its gains and slides below IPO price in intraday trading
SpaceX stock dropped below its initial public offering price for the first time on Wednesday, signaling dwindling hype around the Elon Musk company. Shares dipped below their IPO price of $135 on Wednesday morning for the first time since listing, a humbling loss for the stock, which had skyrocketed more than 50% in its first days of trading last month. The shares regained some ground later in the day, closing at $135.27. The initial offering gave the company a market cap of $2.2 trillion, making it one of the world's most valuable public companies. For a short period, the IPO also made owner Elon Musk the world's first trillionaire, though his net worth now is about $800 billion. On July 7, the company was added to the Nasdaq-100 after a rule change allowed companies to join 15 days after their IPOs. SpaceX raised a total of $86 billion after underwriters exercised their right to sell additional shares, on top of the $75 billion initially raised. It was the largest IPO in history. SpaceX, based near Austin, Texas, is the leading launch services company in the world, with its Falcon 9 rocket accounting for the vast majority of satellites launched last year. It is also the leading satellite-based broadband provider with its Starlink service. The extraordinary interest in the IPO was driven by Musk's plans to make the company an AI leader -- including plans to launch orbiting satellite data centers powered by the sun that crunch AI data. The company's headquarters moved from Hawthorne to Texas in 2024, but it retains large operations in the South Bay city and blasts off regularly from Vandenberg Space Force Base in Santa Barbara County. Since the IPO, SpaceX has used its newfound wealth to expand in the AI space. It announced last month that it was acquiring the AI coding startup Cursor for $60 billion, with the deal expected to close in the third quarter. The San Francisco company, founded in 2022, enables engineers to instruct software in English to run coding tasks autonomously. Musk also merged his xAI artificial intelligence company into SpaceX earlier this year. The combined entity recently announced it was leasing computing power to rivals Anthropic and Google at two terrestrial data centers it has constructed. Since the IPO, investors have expressed concerns about the company's spending plans and debt load. Even with the volatility of the last month, there's still more uncertainty to come. The stock could fall further as locked-up shares held by current and former employees are released.
SpaceX vs. Rocket Lab: Which Is the Better Space Stock to Buy Right Now?
Space stocks are on many investors' minds these days, but going all-in on this sector right now comes with considerable risk, as most rocket stocks are volatile. Still, two stocks that are no doubt near the top of many investors' watch lists are Space Exploration Technologies (SPCX 0.59%) and Rocket Lab (RKLB 3.36%). Here's which one looks like the better buy right now. The case for SpaceX What was once just a rocket company has morphed into an expanding technology behemoth with its sights set on both the space and artificial intelligence (AI) markets. SpaceX has highly ambitious goals for both, including colonizing Mars, launching orbital data centers, expanding its Starlink satellite internet business, and building what some analysts are calling a "sovereign AI" platform in which the company controls the AI model, chip designs, processor manufacturing, and everything in between. That's part of the appeal of SpaceX for some investors -- the company is trying big things, like developing its Starship rocket, which it says will reduce the costs of putting payloads into orbit by at least 90%, or deploying a constellation of data center satellites. Morningstar research puts the total addressable market for its Starlink connectivity business at $129 billion. And the company is making headway on some of its goals. It has 12 million Starlink internet subscribers and generated $1.9 billion in operating profit from that business in the most recent quarter. SpaceX is also making progress with its neocloud business, which leases data center capacity (Earth-bound, for now) to tech companies including Alphabet and Anthropic. That business has already signed more than $81 billion in contracts. And then there's the potential for SpaceX to merge with Elon Musk's other large company, Tesla. That could expand SpaceX's opportunities into the autonomous vehicle and humanoid robot markets, the latter of which could be worth $3 trillion by 2050, according to a Morgan Stanley forecast. The case for Rocket Lab There's some overlap between Rocket Lab and SpaceX, though Rocket Lab isn't building AI data centers or planning to merge with a humanoid robotics company (as of now). The company is instead mostly focused on launching rockets for its customers and on expanding its satellite communications network through its recently announced purchase of Iridium Communications. Rocket Lab has agreed to pay $8 billion for Iridium, and is expected to close on the deal next year, giving it 2.5 million satellite-based mobile subscribers. The service is mainly geared toward the private and government sectors, in contrast to Starlink, which caters more to customers who want at-home internet service. Iridium is profitable, with $114 million in net earnings last year, and the deal will help Rocket Lab expand its satellite communications network to better compete with SpaceX. But Rocket Lab's primary business is sending payloads into space, and in the first quarter, the company signed 31 new deals, selling more launches than it did in all of 2025. The company also has some major launch contracts already signed, including with the U.S. government to establish the satellite system for the proposed Golden Dome missile defense system. It also has contracts for missile tracking and military communications. Verdict: Rocket Lab is the better stock to buy right now While Rocket Lab isn't profitable, its loss of $0.07 per share in Q1 was an improvement from its loss of $0.12 per share in the prior-year quarter. Revenue is also growing at a healthy clip, rising 64% to $200 million. In contrast, SpaceX's sales rose just 15% in Q1 to $4.7 billion, and the company's loss of $3.29 per share was dramatically worse than its $0.41 per share loss in the year-ago quarter. SpaceX's massive losses have been fueled by sharp increases in its capital expenditures, which reached $10 billion in Q1 2026 alone, compared to $27 billion for all of 2025. That heavy spending should give investors pause, and so should the lofty valuation of its stock. SpaceX trades at a price-to-sales (P/S) ratio of about 94 compared to Rocket Lab's P/S ratio of 66. While neither stock is cheap, SpaceX's shares trade at a much higher premium even as the company ramps up spending and its losses widen. All of which means that Rocket Lab looks like the better space stock to buy right now.
The AI burn book: Decoding the cat fights between Sam Altman, Elon Musk, and Anthropic - AOL
Business Insider decoded the shade and subtweets, from the punctuation to the emojis. As the summer temperatures rise, tech tempers flare. Sam Altman is back to his old ways: openly feuding with Elon Musk and taking jabs at Anthropic once again, to the shock of no one. With Altman and Musk's courtroom dispute wrapped up (Musk lost but vowed to appeal), the dueling AI leaders are now dragging each other online over data privacy and an Apple legal battle. The OpenAI CEO has also poked at Anthropic, his primary competitor, run by Dario Amodei. Altman and Amodei were once colleagues; now, they avoid holding hands. Altman hasn't called a rival CEO a "pusher" or a "grotsky little byotch" yet. Still, a Burn Book is forming under his fingertips -- and we decoded it for you. Round One: Sam Altman vs Elon Musk Elon Musk threw the first punch last Friday. Apple sued OpenAI that day, alleging that the AI lab stole trade secrets to build its upcoming hardware device. Musk replied to posts about the suit with exclamation points, the word "wow," and a quick reaction: "Sounds pretty bad." He ramped up on Saturday, calling the OpenAI CEO "Scam Altman," a favorite phrase of his. The digs kept coming throughout the day. Altman took scamming "to a whole new level," Musk wrote, and might love scamming "more than any human alive!" Altman responded in his typical, lower-case fashion: "homeboy you're the one sellling public market investors on short-term space datacenters." Note the term of endearment (or lack thereof): "homeboy." Note the typo: "sellling." Note the lack of punctuation. Three minutes later, Altman fired off another. This time, he used the feud as an opportunity to promote his product, writing that the most reliable benchmark for GPT-5.6 Sol's success "is that elon is obsessed with me again." (Again, no capitalization.) Musk responded to Altman's space data center skepticism a few hours later with a zinger. "We start flying them next year. Maybe you can come see them if your parole officer approves," Musk wrote. In the same post, Musk took another shot at Altman by referencing their messy breakup from almost a decade ago. "After stealing an open source AI charity, you then stole all of Apple's phone technology!" he wrote. "Wow." For the record, Altman doesn't have a parole officer. OpenAI disputes Apple's allegations stating it is "not aware of any evidence that this complaint has merit." OpenAI and SpaceX did not respond to Business Insider's requests for comment. After Saturday's brawl, Altman wasn't done. He took one last stab at Musk on Tuesday, reposting some data privacy concerns about SpaceXAI. "Concerning," he wrote. And yet, the enemies could find some common ground. Both Musk and Altman posted approving messages about an AI safety essay published Tuesday by Google DeepMind's CEO Demis Hassabis. Round Two: Sam Altman vs Anthropic Throughout the Musk mess, Altman continued to kick at his No. 1 opponent: Anthropic. Last Thursday, Anthropic released an eyebrow-raising ad saying there was "hope in hard questions." Those questions include: what will humans do when AI takes over all the jobs? And why do we even have to have AI? The leading image is of a house on fire; it's an AI doomer's dream. Altman clowned the ad on Monday, saying that he "thought this was satire" posted from a fake account. He also put words in Anthropic's mouth: "Hard questions are great but only if we deem you worthy enough to not silently downgrade you, or even get access at all." He appeared to reference how Anthropic quietly rejected or altered some Fable 5 prompts in its initial launch. The company has since made these safeguards more visible. Earlier that day, he laughed at an X user who called the use of Anthropic's Fable 5 an unhealthy situationship. Since its release, Anthropic has rolled back and re-deployed the model and lifted and lowered guardrails, to the frustration of some users. (In typical Altman fashion, he "lol'd.") Altman also got philosophical. He reposted a reply to a criticism of Amodei that quoted C.S. Lewis. "Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive," the post read. It's similar to criticisms other AI leaders have shared: that Anthropic warns of AI's safety concerns while claiming only its AI can fix it. And then, the vague-post of all vague-posts. "Come for the best model, stay because we don't treat you with contempt," Altman wrote on Monday, without specifying which AI rival he was taking a shot at. Amodei seems to be steering clear of the drama. As of Wednesday evening, he hadn't responded, nor has he updated his X account in over a month. Anthropic did not respond to a request for comment. If you enjoyed this story, be sure to follow Business Insider on Yahoo.
Anthropic's job listings are downright apocalyptic
Anthropic is seeking to hire nearly three dozen AI safety experts to prevent the misuse of its artificial intelligence (AI) models, such as building human-made explosives and nuclear weapons that could lead to "millions" of deaths. The leading AI platform listed 32 job openings related to AI safety, hiring analysts focused on explosives, nuclear weapons, financial scams, cybercrime and more. This job posting comes as AI companies have increasingly focused on increasing AI safety and have lobbied states for more regulatory AI guardrails. "As an Enforcement Analyst focused on Radiological & Nuclear Harms, you will play a critical role in protecting against the misuse of AI systems for radiological and nuclear harms," one job description stated. These positions pay more than $200,000 per year. Anthropic tasks safety analyst roles with stress-testing the models to ensure that bad actors could not exploit AI models to provide information that could be used for nefarious purposes. "Ensuring our models don't provide potentially harmful information is central to responsible development," an Anthropic spokesperson said. "That's why we regularly hire experts in a wide range of sensitive fields -- people who understand these harms and how AI can advance them -- to stress-test our systems and bolster our defenses before a model ever goes live," the spokesperson continued. Anthropic CEO Dario Amodei has often warned about how users could use AI for harm. In January, he cited the potential use of biological weapons as one of the more pressing safety issues. "I do not think biological attacks will necessarily be carried out the instant it becomes widely possible to do so -- in fact, I would bet against that," Amodei wrote in a January essay. He warned that there is a "serious risk" that could lead to deaths "potentially in the millions or more." David Sacks, who at the time served as President Donald Trump's AI and crypto czar, in October 2025 accused Anthropic of using a "sophisticated regulatory capture strategy based on fear-mongering." OpenAI, the maker of ChatGPT, is hiring an analyst focusing on biological and chemical risks, paying as high as $445,000 per year. Johannes Heidecke, the head of OpenAI's Safety Systems, left the company as the AI platform was reorganizing its safety and research under one leader. Anthropic in June called for the slowdown of AI development, saying that it would "give ourselves more time to deal with its immense implications" and that a "slowdown simply lets the least cautious actors catch up technologically; it could leave everyone less safe." As the AI company ramps up its hiring for safety experts, Politico reported that Anthropic continued to lobby states to impose more stringent AI guardrails. "While there are some in the industry that think of state policy as a way to create a ceiling for federal legislation, Anthropic is not just looking to support the same bill across the country in every single state," Cesar Fernandez, Anthropic's head of state and local government relations, told the outlet. In contrast to Anthropic, ChatGPT's top lobbyist, Chris Lehane, has pushed states to adopt similar AI regulatory frameworks, thus bypassing the partisan logjam in Congress. Both Anthropic and OpenAI didn't immediately respond to the Daily Caller News Foundation's request for comment. We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.
SpaceX stock erases all its gains and slides below IPO price in intraday trading
See more from the L.A. Times in Google Search. Set us as preferred SpaceX stock dropped below its initial public offering price for the first time on Wednesday, signaling dwindling hype around the Elon Musk company. Shares dipped below their IPO price of $135 on Wednesday morning for the first time since listing, a humbling loss for the stock, which had skyrocketed more than 50% in its first days of trading last month. The shares regained some ground later in the day, closing at $135.27. The initial offering gave the company a market cap of $2.2 trillion, making it one of the world's most valuable public companies. For a short period, the IPO also made owner Elon Musk the world's first trillionaire, though his net worth now is about $800 billion. On July 7, the company was added to the Nasdaq-100 after a rule change allowed companies to join 15 days after their IPOs. SpaceX raised a total of $86 billion after underwriters exercised their right to sell additional shares, on top of the $75 billion initially raised. It was the largest IPO in history. SpaceX, based near Austin, Texas, is the leading launch services company in the world, with its Falcon 9 rocket accounting for the vast majority of satellites launched last year. It is also the leading satellite-based broadband provider with its Starlink service. The extraordinary interest in the IPO was driven by Musk's plans to make the company an AI leader -- including plans to launch orbiting satellite data centers powered by the sun that crunch AI data. The company's headquarters moved from Hawthorne to Texas in 2024, but it retains large operations in the South Bay city and blasts off regularly from Vandenberg Space Force Base in Santa Barbara County. Since the IPO, SpaceX has used its newfound wealth to expand in the AI space. It announced last month that it was acquiring the AI coding startup Cursor for $60 billion, with the deal expected to close in the third quarter. The San Francisco company, founded in 2022, enables engineers to instruct software in English to run coding tasks autonomously. Musk also merged his xAI artificial intelligence company into SpaceX earlier this year. The combined entity recently announced it was leasing computing power to rivals Anthropic and Google at two terrestrial data centers it has constructed. Since the IPO, investors have expressed concerns about the company's spending plans and debt load. Even with the volatility of the last month, there's still more uncertainty to come. The stock could fall further as locked-up shares held by current and former employees are released. At least 20% of the shares will be released after second-quarter results are disclosed sometime in the coming months, with all the lockups expiring in December. But Space X isn't the only megacap stock to experience ups and downs early on. Shares of Meta, then named Facebook, fell significantly below the IPO price of $38 before recovering. After its May 2012 launch, shares plummeted by nearly 50% and hit a record low of $19.69 in August 2012. The company took more than 14 months to rebound, finally surpassing its $38 IPO price in July 2013.
The AI burn book: Decoding the cat fights between Sam Altman, Elon Musk, and Anthropic
* The AI industry's burn book is an increasingly public spectacle. * Sam Altman and Elon Musk threw jabs on X. Altman also dragged Anthropic, though CEO Dario Amodei stayed quiet. * Business Insider decoded the shade and subtweets, from the punctuation to the emojis. As the summer temperatures rise, tech tempers flare. Sam Altman is back to his old ways: openly feuding with Elon Musk and taking jabs at Anthropic once again, to the shock of no one. With Altman and Musk's courtroom dispute wrapped up (Musk lost but vowed to appeal), the dueling AI leaders are now dragging each other online over data privacy and an Apple legal battle. The OpenAI CEO has also poked at Anthropic, his primary competitor, run by Dario Amodei. Altman and Amodei were once colleagues; now, they avoid holding hands. Altman hasn't called a rival CEO a "pusher" or a "grotsky little byotch" yet. Still, a Burn Book is forming under his fingertips -- and we decoded it for you. Round One: Sam Altman vs Elon Musk Elon Musk threw the first punch last Friday. Apple sued OpenAI that day, alleging that the AI lab stole trade secrets to build its upcoming hardware device. Musk replied to posts about the suit with exclamation points, the word "wow," and a quick reaction: "Sounds pretty bad." He ramped up on Saturday, calling the OpenAI CEO "Scam Altman," a favorite phrase of his. The digs kept coming throughout the day. Altman took scamming "to a whole new level," Musk wrote, and might love scamming "more than any human alive!" Altman responded in his typical, lower-case fashion: "homeboy you're the one sellling public market investors on short-term space datacenters." Note the term of endearment (or lack thereof): "homeboy." Note the typo: "sellling." Note the lack of punctuation. Three minutes later, Altman fired off another. This time, he used the feud as an opportunity to promote his product, writing that the most reliable benchmark for GPT-5.6 Sol's success "is that elon is obsessed with me again." (Again, no capitalization.) Musk responded to Altman's space data center skepticism a few hours later with a zinger. "We start flying them next year. Maybe you can come see them if your parole officer approves," Musk wrote. In the same post, Musk took another shot at Altman by referencing their messy breakup from almost a decade ago. "After stealing an open source AI charity, you then stole all of Apple's phone technology!" he wrote. "Wow." For the record, Altman doesn't have a parole officer. OpenAI disputes Apple's allegations stating it is "not aware of any evidence that this complaint has merit." OpenAI and SpaceX did not respond to Business Insider's requests for comment. After Saturday's brawl, Altman wasn't done. He took one last stab at Musk on Tuesday, reposting some data privacy concerns about SpaceXAI. "Concerning," he wrote. And yet, the enemies could find some common ground. Both Musk and Altman posted approving messages about an AI safety essay published Tuesday by Google DeepMind's CEO Demis Hassabis. Round Two: Sam Altman vs Anthropic Throughout the Musk mess, Altman continued to kick at his No. 1 opponent: Anthropic. Last Thursday, Anthropic released an eyebrow-raising ad saying there was "hope in hard questions." Those questions include: what will humans do when AI takes over all the jobs? And why do we even have to have AI? The leading image is of a house on fire; it's an AI doomer's dream. Altman clowned the ad on Monday, saying that he "thought this was satire" posted from a fake account. He also put words in Anthropic's mouth: "Hard questions are great but only if we deem you worthy enough to not silently downgrade you, or even get access at all." He appeared to reference how Anthropic quietly rejected or altered some Fable 5 prompts in its initial launch. The company has since made these safeguards more visible. Earlier that day, he laughed at an X user who called the use of Anthropic's Fable 5 an unhealthy situationship. Since its release, Anthropic has rolled back and re-deployed the model and lifted and lowered guardrails, to the frustration of some users. (In typical Altman fashion, he "lol'd.") Altman also got philosophical. He reposted a reply to a criticism of Amodei that quoted C.S. Lewis. "Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive," the post read. It's similar to criticisms other AI leaders have shared: that Anthropic warns of AI's safety concerns while claiming only its AI can fix it. And then, the vague-post of all vague-posts. "Come for the best model, stay because we don't treat you with contempt," Altman wrote on Monday, without specifying which AI rival he was taking a shot at. Amodei seems to be steering clear of the drama. As of Wednesday evening, he hadn't responded, nor has he updated his X account in over a month. Anthropic did not respond to a request for comment. Read the original article on Business Insider The post The AI burn book: Decoding the cat fights between Sam Altman, Elon Musk, and Anthropic appeared first on Business Insider.
SpaceX stock falls below IPO price, testing investor confidence after blockbuster debut
SpaceX's slip below its initial public offering price risks turning a marquee stock-market debut into a confidence test, potentially unsettling retail investors and complicating decisions for other companies weighing high-profile listings. Elon Musk's company, spanning rockets to AI, debuted on June 12 and soared in the ensuing days, at one point valuing the company at well above $2 trillion. Since its debut, trading has been rocky. The stock slipped below its $150 opening price in late June with concerns about lofty tech stock valuations weighing on global indexes. The stock slid below its $135 IPO price for the first time on Wednesday, touching an intraday low of $132.15 before recovering to trade down 0.6% at $135.27 -- just over a month after the record-breaking IPO made Musk the world's first trillionaire. SpaceX shares started trading as part of the Nasdaq 100 index about a week ago. A break below the IPO price is a psychological blow for SpaceX shares, said Matthew Maley, chief market strategist at Miller Tabak. "It raises the narrative that the stock is up on fluff, on speculation, on froth, and not on real fundamentals," Maley said. Investors who bought into the excitement around SpaceX's listing, "hoping to 'make a killing' will be disappointed," said Greg Halter, director of research at Carnegie Investment Counsel. He said weakness in SpaceX would put it more in line with 30 years of heavily hyped IPOs, where average and median returns over the first month are often negative. SpaceX did not respond to a request for comment. PRICE DISCOVERY NOT PANIC? A drop below the IPO price is not unusual for a newly listed company. Shares of Cerebras Systems, which went public in May, have dropped below the IPO price, and Meta, formerly known as Facebook, fell similarly after its debut. Investors often fixate on IPO prices and early trading, said Ryan Lee, senior vice president of product and strategy at financial services firm Direxion. "The reality is, (SpaceX) is still undergoing some of this price discovery process," Lee said. A fall for SpaceX below $135 reflects "normal, albeit painful" market mechanics, especially as investors, venture capitalists and employees sell shares after lockups expire, said Gabriel Shahin, CEO at Falcon Wealth Planning. "A near-term dip below the $135 threshold would not fundamentally alter our current positioning or cause us to panic-sell," he said. CAUTION OR GREEN LIGHT FOR NEXT IPOS Some investors think SpaceX's stock performance could influence the market for future public listings. OpenAI and Anthropic are eyeing the public markets. Neither company responded to a request for comment. Carnegie's Halter said companies and investment banks considering large IPOs this year are watching SpaceX closely. "No one wants an IPO to flop or have the initial price be ratcheted down," Halter said. He suspects some IPOs would be pulled rather than priced at lower valuations. But Direxion's Lee said SpaceX's capital raise could encourage some companies with large funding needs to move faster. "If I'm OpenAI or if I'm Anthropic and I'm in this true arms race to build the frontier AI model and I need capital, I'm going to try to beat the other one out the door," Lee said. RISKING RETAIL TRADERS' SKEPTICISM A drop below the IPO price could hit retail investors, who received about 20% of the allocation, hard. "Many novice investors have approached SpaceX with a 'meme stock' mentality, buying in with capital they cannot afford to lose," Shahin said, warning that losses could fuel perceptions that markets favor insiders. "The market needs to understand that post-IPO volatility is normal." SpaceX's first earnings report will be a major test for the stock. Underwriters typically support stocks in the first 30 days and may do more for SpaceX given the deal's size, the public attention and the fact other high-profile offerings are imminent, said Maria Llerena, director of financial research at Domini Impact Investments. "Loss-making companies without a clear path to profitability are typically volatile and can fall below their IPO price," said Llerena. Published on July 16, 2026
Microsoft Reshapes Cybersecurity Unit to Battle Anthropic and OpenAI | PYMNTS.com
The company is making these changes to better respond to customer demand for solutions to the threat of AI-powered hacks, and to capture some of the spending that is going to AI firms Anthropic and OpenAI, according to the report. Reached by PYMNTS, Microsoft declined to comment on the report. According to The Information's report, the overhaul is being led by Hayete Gallot, who took over the security business in February. Gallot is prioritizing AI-powered tools such as Microsoft Security Copilot, products that scan code for vulnerabilities and products that help companies monitor their own AI agents. "The entire industry is getting reimagined from the ground up," Gallot wrote in an internal Microsoft memo, per the report. "And it will reward the companies that see the shift early, make the hard choices, and execute with discipline. A few months ago, we made those choices. Now we must execute." Microsoft Chairman and CEO Satya Nadella wrote in a Feb. 4 blog post that Gallot rejoined Microsoft as executive vice president, security, and would report to him. Gallot had held senior leadership roles at the company for 15 years before moving to Google, where she served as president, customer experience for Google Cloud. "She brings an ethos that combines product building with value realization for customers, which is critical right now," Nadella said in the post. "As we shared during our quarterly earnings last week, we have great momentum in security, including progress with Security Copilot agents, strong Purview adoption, and continued customer growth, and we will build on this." It was reported Wednesday that Microsoft is intensifying its competitive strategy against OpenAI and Anthropic by positioning its services as a more secure and cost-effective end-to-end alternative for corporate clients. The PYMNTS Intelligence report "Where Payments Decisions Happen: How Issuer Data Is Powering the Next Era of Commerce" found that 42% of issuers said AI has helped them save more than $5 million from fraud attempts in recent years.
Dow Jones Top Company Headlines at 9 PM ET: United Airlines Lifts Outlook as Higher Fares Blunt Turbulent Fuel Prices | SpaceX ...
United Airlines Lifts Outlook as Higher Fares Blunt Turbulent Fuel Prices The carrier said that adjusted earnings should hit $9 to $11 a share in 2026, lifting the low-end of its previous target by $2 a share. ---- SpaceX Shares Fall Below IPO Price for the First Time The rocket maker's stock slipped below $135 as the tech-heavy Nasdaq composite dropped. ---- BHP Annual Copper Production Falls; Iron Ore Output Notches Record High BHP Group said it produced a record amount of iron ore but less copper over the past year, and forecast a further drop in copper output in the year ahead as grades fall at a giant mine in northern Chile. ---- QVC Defeats Shareholder Challenge to $5 Billion Debt-Cutting Plan A Houston bankruptcy judge approved a disputed intercompany settlement that clears the retail network to exit chapter 11. ---- J.B. Hunt Reports Higher Profit As Revenue Grows Across Most Segments The logistics company reported a profit of $181 million, with its largest business segment reporting a 22% increase in revenue and a 10% increase in volume. ---- Conagra's 'Show-Me' CEO Says Every Product Needs to Earn Its Keep John Brase, who took over the company in June, is plotting a turnaround for the food giant. ---- Mira Murati's AI Startup Releases First Model in Bid to Loosen AI Giants' Grip Thinking Machines Lab CEO Mira Murati is betting on more customizable artificial-intelligence models to chip away at the lead of frontier labs such OpenAI and Anthropic. ---- Kalshi to Offer Contracts Predicting Flight Cancellations The contracts will allow users to predict the percentages of flights canceled at an airport within a given timeframe. ---- Patrick Drahi's Altice International Accused of Debt Default Lenders holding about $9 billion in bonds claim Patrick Drahi's telecom empire stripped away collateral through intercompany deals, sources said. ---- Stripe and Private-Equity Firm Advent Offer to Buy PayPal The deal would value the fintech company at around $53 billion. ---- BlackRock Shares Rally After Assets Soar Past $15 Trillion BlackRock reported profits rose 20% from a year earlier, and shares rallied almost 7%. ---- Conagra Swings to Loss, Cuts Dividend Under New CEO The maker of Orville Redenbacher's popcorn and Slim Jim swung to a loss in the fiscal fourth quarter and cut its dividend, as its new chief executive aims to strengthen the company with a more conservative spending strategy. ---- JPMorgan, BlackRock and Goldman to Tokenize Stocks, Treasurys Trade processor DTCC is launching a trial run with Wall Street firms to convert assets into digital tokens. ---- Morgan Stanley Posts Blowout Quarter Thanks to Blockbuster IPOs, Newly Minted Millionaires The bank reported adjusted second-quarter earnings of $3.46 a share, blowing past Wall Street forecasts thanks to a surge in investment banking revenue. (END) Dow Jones Newswires July 15, 2026 21:15 ET (01:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
JPMorgan CEO Dimon says Anthropic's Mythos AI risks are a 'real issue'
July 15 (Reuters) - JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic's Mythos AI model are a "real issue" that the U.S. government is on top of, underscoring concerns about the powerful model that have caused Washington to intervene. Dimon, speaking at Senator Dave McCormick's Pennsylvania Defense and Innovation Summit, added that access to advanced AI capabilities must be controlled, saying "you're giving ballistic missiles to individuals with Mythos." U.S.-based Anthropic released Mythos in April to a select group that included JPMorgan. The model has attracted interest from banks because it is considered among the most advanced AI systems for identifying cybersecurity vulnerabilities, helping firms uncover and fix weaknesses more quickly. However, in June, the U.S. government ordered Anthropic to restrict access to its top AI models, Fable 5 and Mythos 5, to foreign nationals over national security concerns, forcing the company to cut off worldwide access. The government later removed restrictions on the models after Anthropic implemented new safeguards. Governments and tech companies are grappling with AI safety concerns, including the misuse of systems capable of identifying software vulnerabilities. Washington has stepped up oversight of new model releases amid fears that advanced AI could be exploited by military intelligence in China, Russia or other countries of concern. Anthropic could not be immediately reached for comment on Dimon's remarks outside regular business hours. (Reporting by Mihika Sharma in Bengaluru and Mrinmay Dey in Mexico; Editing by Rashmi Aich)
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks
JPMorgan Chase CEO Jamie Dimon has warned that Anthropic's advanced Mythos artificial intelligence model presents significant national security risks, highlighting growing concerns over the potential misuse of powerful AI systems. Speaking at Senator Dave McCormick's Pennsylvania Defense and Innovation Summit on Wednesday, Dimon said the U.S. government is taking the issue seriously and emphasized that access to cutting-edge AI technologies must remain tightly controlled. He compared unrestricted access to Mythos with handing out "ballistic missiles," arguing that highly capable AI models should not be freely available to individuals because of the security threats they could pose. Anthropic introduced its Mythos AI model in April to a limited group of organizations, including JPMorgan Chase. The model quickly gained attention within the financial industry for its ability to detect cybersecurity vulnerabilities, allowing companies to identify and address software weaknesses more efficiently. Financial institutions have viewed the technology as a valuable tool for strengthening cyber defenses and protecting critical infrastructure. Despite its commercial potential, Mythos has also raised concerns among U.S. policymakers. In June, the U.S. government instructed Anthropic to restrict access to its most advanced AI models, Fable 5 and Mythos 5, for foreign nationals due to national security considerations. The move reflected fears that sophisticated AI capable of discovering software vulnerabilities could be exploited by hostile governments or intelligence agencies. Those restrictions were later lifted after Anthropic implemented additional security safeguards designed to reduce the risk of misuse while maintaining access for authorized users. The debate surrounding advanced artificial intelligence continues to intensify as governments and technology companies seek to balance innovation with security. Washington has increased oversight of next-generation AI systems amid concerns that powerful models could be leveraged for cyberattacks, military intelligence, or other malicious purposes by countries such as China and Russia. Anthropic did not immediately respond to requests for comment on Dimon's remarks outside regular business hours. The company remains at the center of broader discussions over AI governance, cybersecurity, and the responsible deployment of increasingly capable artificial intelligence models.
