News & Updates
The latest news and updates from companies in the WLTH portfolio.
Top Midday Stories: CoreWeave to Provide AI Cloud Capacity for Anthropic; TSMC Q1 Net Revenue Rises
CoreWeave, Inc. is an American technology company founded in 2017, specializing in cloud infrastructure designed for compute-intensive workloads. It has positioned itself as a niche player in a market dominated by generalist giants. Its offering is built on a vertical specialization in artificial intelligence (AI) and related applications, notably high-performance computing (HPC) and graphical rendering. CoreWeave operates a GPU-first architecture, optimized for training and inference of generative AI models. It also targets scientific and financial computing, as well as real-time 3D rendering needs. With its own data centers located in the United States and Europe, the company maintains full control over its infrastructure. This control enables it to deliver high performance, low latency, and flexible deployment capabilities. Some facilities are shared among clients, while others are fully dedicated to a single customer. CoreWeave serves a diverse clientele, ranging from AI startups to research labs, as well as production studios and financial institutions. In addition to its hardware infrastructure, the company develops its own GPU management software. These tools enable intelligent resource allocation, continuous performance optimization, and better cost control. This vertical integration, from hardware to software, enhances the company's competitiveness. CoreWeave stands out through its tailored approach and its ability to meet clients' specific needs. It aims to become the leading provider for AI workloads on a global scale. In a context of surging demand for computing power, its model is appealing due to its specialization and agility.
AI startups gain ground after Pentagon-Anthropic rift
Startups, including Smack Technologies and EdgeRunner AI, say they have seen a marked change in engagement from the military and investors WASHINGTON D.C: A rift between the Pentagon and its former top artificial intelligence provider, Anthropic, is rapidly reshaping the U.S. military's AI ecosystem, with smaller startups seeing a surge in demand, funding interest, and contract momentum. In recent weeks, defense-focused AI firms say senior military officials and investors have approached them at a pace rarely seen before, as the U.S. Department of Defense moves to reduce reliance on a single vendor. The shift follows the Pentagon's decision in March to classify Anthropic's products as a "supply-chain risk," triggering a breakdown in relations and a broader push to diversify AI suppliers. A judge later temporarily blocked the Pentagon's blacklisting of the company. Startups, including Smack Technologies and EdgeRunner AI, say they have seen a marked change in engagement from the military and investors. "We've seen a massive increase in demand from customers and the government to get AI solutions fielded since Anthropic was declared a supply-chain risk," said Tyler Sweatt, CEO of Second Front, which helps firms operate on secure Pentagon networks. "Our customers are turning to us as the Pentagon turns to them to deploy quickly in the wake of the Anthropic blowup." For smaller firms, access to Pentagon contracts is a major milestone, often unlocking further government work and signaling credibility to commercial clients. Andrew Markoff, co-founder and CEO of Smack Technologies, said his company had been invited to multiple meetings with military officials following the Anthropic fallout, with a focus on accelerating deployment timelines. "We want more, we want demos, let's talk about how we can move faster," he said, describing the Pentagon's outreach. Tyler Saltsman, CEO of EdgeRunner AI, reported a similar experience. His company had been waiting over a year for a Space Force contract to be approved, but it was finalized within weeks of the Anthropic dispute becoming public. "I can't prove that the Anthropic drama sped this up," Saltsman said, "but I have a sneaky suspicion it did." A Pentagon official said the department would continue to deploy advanced AI capabilities through partnerships with multiple industry players. The urgency reflects a broader reassessment within the Defense Department. A Pentagon technologist previously told Reuters that the fallout with Anthropic highlighted the risks of overdependence on a single AI provider and underscored the need for a more diversified supplier base. The impact is already visible in specific programs. Smack Technologies secured a Marine Corps contract in March 2025 and delivered a prototype by October that compresses operational planning from months to about 15 minutes. Despite initial delays, progress has accelerated sharply since the Anthropic controversy. Markoff said there was "very specific guidance and movement and energy" to push the system into production for combat use in 2026, more than a year ahead of earlier expectations. The company has also seen increased interest from other branches, including the Navy, Air Force, and U.S. Special Operations Command. EdgeRunner AI said engagement from the Navy has intensified, with meetings now taking place several times a week instead of monthly. Both companies are now working to meet higher security classification standards required for sensitive military applications. EdgeRunner said it had been told it could achieve IL-6 clearance, allowing access to secret and top-secret data, within three months, a process that typically takes 18 months or longer. Saltsman said the acceleration reflects both pressure from Pentagon leadership to streamline procurement and the urgency created by the Anthropic situation.
Anthropic's new AI tool has implications for us all - whether we want it or not
Claude Mythos's apparent superhuman hacking abilities are alarming experts as the Trump administration remains blinded by hostility In June 2024, a cyber-attack on a pathology services company caused chaos across London's hospitals. More than 10,000 appointments were cancelled. Blood shortages followed and delays to blood tests led to a patient's death. Lethal cyber-attacks like this are thankfully rare. But a new AI release could change that - plunging us into a terrifying new world of chaos and disruption to the digital systems that we rely on. This week Anthropic, a leading AI company in San Francisco, announced "Claude Mythos Preview", an AI model that the startup says is too dangerous to publicly release, thanks to its exceptional cybersecurity - and cyber-attacking - capabilities. Mythos, the company claims, has found vulnerabilities in every major browser and operating system. In other words, this new AI model might be able to help hackers disrupt much of the world's most important software. "This is Y2K-level alarming," one security expert said. Already, Mythos has found a 27-year-old bug in a critical piece of security infrastructure and multiple vulnerabilities in the Linux kernel, essential for computer systems worldwide. These weak points could threaten almost everything on the internet from the streaming services you relax with to the banking systems you rely on. If such technology was widely available and as capable as Anthropic claims, the implications could be catastrophic. Cyber-attacks are no longer a solely digital problem. Almost everything we rely on in the physical world involves software. In recent years, airports, hospitals and transport networks have been crippled by cyber-attacks. Until now, attacks of this scale required serious expertise. Mythos would put that capability in reach of amateurs - and turbocharge the professionals' ability to wreak havoc. Cybersecurity experts are sounding the alarm. Anthony Grieco of Cisco, a networking and cybersecurity company, said: "AI capabilities have crossed a threshold that fundamentally changes the urgency required to protect critical infrastructure ... and there is no going back." Lee Klarich, head of product management at Palo Alto Networks, said the model "signals a dangerous shift", and warned that "everyone needs to prepare for AI-assisted attackers". "There will be more attacks, faster attacks and more sophisticated attacks," Klarich said. Thankfully, we're not totally doomed - yet. Rather than release Mythos publicly, Anthropic is first offering it to companies that run much of our critical infrastructure, including Apple, Microsoft and Google. The hope is that they can use Mythos to find gaps in their security and patch them before bad actors obtain similar capabilities. That means that we're now in a race against time. Thanks to a lack of regulation at the national and international levels, there is nothing forcing other companies to follow Anthropic's deployment strategy. It is likely only a matter of months before less responsible actors - in the US or elsewhere - release a model with similar capabilities. When they do, we can only hope that the software we rely on has been adequately secured. In more cooperative times, I would be optimistic that the US could pull off a whole-of-society effort to prepare for this impending "vulnpocalypse". But the Trump administration has declared war against Anthropic, banning government agencies and the military from using its technology and publicly calling it a "radical left, woke company" for not allowing the military to use its tools for the mass surveillance of Americans. That hostility means it's unlikely the government will work with Anthropic to harden its own, famously rickety systems - which are some of the most important ones to secure. There is some reason for optimism. Anthropic may be overstating Mythos's capabilities: it has a vested interest, after all, in hyping its own products. But the documented vulnerabilities and willingness of competitors to partner with Anthropic suggest the threat is real. Some parts of the government, meanwhile, are taking notice: on Tuesday, Scott Bessent, the US treasury secretary, and Jerome Powell, the Federal Reserve chair, reportedly convened Wall Street executives to prepare for the risks posed by Mythos and future cybersecurity-focused AI models. But the overall picture is bleak. Mythos is not just a cybersecurity problem, it is also disquietingly good at helping people design bioweapons, and it sometimes knowingly deceives users and covers its tracks. It is a demonstration of the risks of the "superintelligent" AI that Anthropic and its competitors want to unleash on society - consequences be damned. With Mythos, we may have time to get ahead of the risks. But if governments continue to let these companies operate without rules, we may not be so lucky in future.
AI startups gain ground after Pentagon-Anthropic rift
Startups, including Smack Technologies and EdgeRunner AI, say they have seen a marked change in engagement from the military and investors WASHINGTON D.C: A rift between the Pentagon and its former top artificial intelligence provider, Anthropic, is rapidly reshaping the U.S. military's AI ecosystem, with smaller startups seeing a surge in demand, funding interest, and contract momentum. In recent weeks, defense-focused AI firms say senior military officials and investors have approached them at a pace rarely seen before, as the U.S. Department of Defense moves to reduce reliance on a single vendor. The shift follows the Pentagon's decision in March to classify Anthropic's products as a "supply-chain risk," triggering a breakdown in relations and a broader push to diversify AI suppliers. A judge later temporarily blocked the Pentagon's blacklisting of the company. Startups, including Smack Technologies and EdgeRunner AI, say they have seen a marked change in engagement from the military and investors. "We've seen a massive increase in demand from customers and the government to get AI solutions fielded since Anthropic was declared a supply-chain risk," said Tyler Sweatt, CEO of Second Front, which helps firms operate on secure Pentagon networks. "Our customers are turning to us as the Pentagon turns to them to deploy quickly in the wake of the Anthropic blowup." For smaller firms, access to Pentagon contracts is a major milestone, often unlocking further government work and signaling credibility to commercial clients. Andrew Markoff, co-founder and CEO of Smack Technologies, said his company had been invited to multiple meetings with military officials following the Anthropic fallout, with a focus on accelerating deployment timelines. "We want more, we want demos, let's talk about how we can move faster," he said, describing the Pentagon's outreach. Tyler Saltsman, CEO of EdgeRunner AI, reported a similar experience. His company had been waiting over a year for a Space Force contract to be approved, but it was finalized within weeks of the Anthropic dispute becoming public. "I can't prove that the Anthropic drama sped this up," Saltsman said, "but I have a sneaky suspicion it did." A Pentagon official said the department would continue to deploy advanced AI capabilities through partnerships with multiple industry players. The urgency reflects a broader reassessment within the Defense Department. A Pentagon technologist previously told Reuters that the fallout with Anthropic highlighted the risks of overdependence on a single AI provider and underscored the need for a more diversified supplier base. The impact is already visible in specific programs. Smack Technologies secured a Marine Corps contract in March 2025 and delivered a prototype by October that compresses operational planning from months to about 15 minutes. Despite initial delays, progress has accelerated sharply since the Anthropic controversy. Markoff said there was "very specific guidance and movement and energy" to push the system into production for combat use in 2026, more than a year ahead of earlier expectations. The company has also seen increased interest from other branches, including the Navy, Air Force, and U.S. Special Operations Command. EdgeRunner AI said engagement from the Navy has intensified, with meetings now taking place several times a week instead of monthly. Both companies are now working to meet higher security classification standards required for sensitive military applications. EdgeRunner said it had been told it could achieve IL-6 clearance, allowing access to secret and top-secret data, within three months, a process that typically takes 18 months or longer. Saltsman said the acceleration reflects both pressure from Pentagon leadership to streamline procurement and the urgency created by the Anthropic situation.
Anthropic will use CoreWeave's AI capacity to power Claude
Anthropic, along with OpenAI, has been at the forefront of the explosion in AI services, and at times has struggled to keep its products online in the face of what it called "unprecedented demand." The company is working to build more computing capacity, including committing US$50 billion toward new AI data centres in the U.S. San Francisco-based Anthropic is among the most valuable closely held companies, at US$380 billion, including US$30 billion it raised recently.
Anthropic will use CoreWeave's AI capacity to power Claude
Anthropic PBC agreed to tap data center capacity from CoreWeave Inc. as part of efforts to handle increasing demand for its artificial intelligence services. The multiyear deal will help Anthropic build and deploy its Claude AI models, CoreWeave said Friday in a statement. The capacity will include a variety of Nvidia Corp. chip architectures at data centers in the US, CoreWeave Chief Executive Officer Michael Intrator said in an interview. The companies declined to disclose financial terms of the agreement. CoreWeave shares jumped as much as 15% to $105.90 in New York trading, the biggest intraday gain in more than two months. The stock had closed at $92 in New York on Thursday. Anthropic, along with OpenAI, has been at the forefront of the explosion in AI services, and at times has struggled to keep its products online in the face of what it called "unprecedented demand." The company is working to build more computing capacity, including committing $50 billion toward new AI data centers in the US. San Francisco-based Anthropic is among the most valuable closely held companies, at $380 billion, including $30 billion it raised recently. Earlier this week, Anthropic announced a partnership with Broadcom Inc. and Alphabet Inc.'s Google to gain 3.5 gigawatts of energy. A gigawatt is enough electricity for about 750,000 US households at any one time. CoreWeave is part of a group dubbed "neoclouds," which specialize in offering high-performance cloud computing for AI workloads. Customers such as Microsoft Corp. have turned to neoclouds to quickly boost their ability to build and offer AI products. CoreWeave has 43 active data centers and has contracted out over 3 gigawatts of power for server farms, the company said in February. On Thursday, CoreWeave announced a $21 billion commitment from Meta Platforms Inc. to purchase its computing power. With the agreement, CoreWeave now counts the four largest AI model makers -- Anthropic, OpenAI, Google and Meta -- as customers, Intrator said. -With assistance from Dina Bass and Subrat Patnaik. (Updates CoreWeave share reaction in third paragraph.)
Coachella thrown into chaos as festivalgoers hit with weather warning
Coachella has been thrown into early chaos with festivalgoers set to battle severe weather warnings. Attendees are being told to brace for dust storms as the 2026 event gets underway today in Coachella Valley in Indio, California. Wind gusts of up to 35mph are expected to hit the area throughout Friday and into Saturday as the first weekend gets underway. An air quality alert has been issued by the South Coast Air Quality Monitoring District due to 'harmful levels' of windblown dust pollution and rain. The strongest wind gusts are expected to hit on Friday night, just hours into day one of the festival. 'Particle pollution can get deep into the lungs and cause serious health problems such as asthma attacks, heart and lung disease symptoms, and increased risk of lung infections,' the National Weather Service cautioned. It added that while everyone can be affected, sensitive groups such as people with lung or heart disease, older adults, people who are pregnant, children and those who spend a lot of time outdoors are at greater risk. Potential rain is forecast to hit the Coachella Valley on Saturday and Sunday, thanks to a storm system. Coachella festivalgoers should brace for dust storms tonight An air quality alert has been issued due to 'harmful levels' of windblown dust pollution According to KTLA, temperatures are forecast to hit 90 degrees on Friday before cooling to 81 degrees Saturday. Sunday's high is expected to drop to 78 degrees. Aussie celebrities invade Coachella as one radio star and socialite fly in on a private jet The Daily Mail has contacted Coachella for comment. Dust has long been an issue at Coachella. On the Coachella Reddit forum, numerous festivalgoers have warned others to be prepared. 'You don't think it's bad until you get home. Trust me, bring a bandanna and cover your face, especially at night,' one person wrote. Another agreed: 'As a person with respiratory disease I can confirm that there is a significant amount of dust. 'Especially in the evening after the wind kicks up. I understand that weekend two can be even worse.' To combat the dust, it's recommended from previous festivalgoers that you bring a bandanna with you to cover your face and mouth at night. Particle pollution can get deep into the lungs and cause serious health problems Justin Bieber, Karol G and Sabrina Carpenter are set to headline this year's Coachella It's not just dust that has thwarted the Coachella experience. Last year, Coachella attendees desperately sought shelter after battling near record-breaking heat. Temperatures rose to a staggering 101 degrees on the festival's first day, just shy of the record high for the area of 106 degrees set in 1904. Coachella's official website urges festivalgoers to make use of the free water stations during their time in the desert. 'Stay hydrated,' they implore. 'Bring an empty plastic refillable water bottle to fill at any number of our free water refill stations.' Coachella's star-studded lineup for 2026 includes headline performers Justin Bieber, Karol G and Sabrina Carpenter. The likes of Disclosure, FKA twigs, Little Simz, Central Cee and Addison Rae are also on the bill.
CrowdStrike (CRWD) Stock Rebounds After Anthropic Partnership Erases AI Disruption Fears - Blockonomi
The unveiling of "Project Glass Wing," a collaborative security initiative between Anthropic, CrowdStrike, and Palo Alto Networks, sparked a major stock recovery. CrowdStrike (CRWD) experienced significant turbulence recently as shares plunged more than 5% during a period of heightened anxiety across the cybersecurity industry. Investor apprehension centered on whether emerging agentic artificial intelligence platforms might eventually displace traditional subscription-based security solutions that form the revenue backbone for firms like CrowdStrike. CrowdStrike Holdings, Inc., CRWD The downturn extended beyond a single company. Cybersecurity stocks broadly faced renewed scrutiny as market participants reassessed the sector's long-term revenue potential and profitability assumptions in an AI-driven landscape. This unease had been percolating for several weeks. Central to the narrative was Anthropic, the organization responsible for developing the Claude AI model. Growing market chatter suggested that Anthropic's advanced autonomous agent technology might possess sufficient sophistication to render conventional cybersecurity platforms redundant. CRWD's year-to-date trajectory already mirrored these mounting concerns, with shares retreating approximately 15.8% prior to the latest selloff. Daily trading volume typically hovers around 4 million shares, while technical indicators had flipped to bearish territory. Broader economic conditions compounded the pressure. Recent data releases revealed decelerating U.S. economic expansion, while rival firm Zscaler (ZS) delivered a measured demand forecast that dampened sentiment. When industry leaders express reservation about future business conditions, markets typically extrapolate those concerns across comparable companies. CrowdStrike attempted to bolster investor confidence through action. Management unveiled an enhanced share repurchase authorization, a signal ordinarily interpreted as faith in the company's intrinsic worth. Unfortunately, the announcement failed to gain traction. Disclosure of stock sales by senior leadership emerged simultaneously, creating doubt about whether executives truly share the optimistic outlook implied by the buyback expansion. The market registered this contradiction. The pessimistic narrative didn't go unchallenged. Television personality Jim Cramer from CNBC mounted a defense, and his commentary proved remarkably prescient. During a recent broadcast, Cramer confronted the Anthropic anxiety head-on. His position was that cybercriminals leveraging AI agents would amplify rather than diminish the necessity for established cybersecurity defenses. "Without the help of traditional cybersecurity, you're more vulnerable than ever," he stated emphatically. CrowdStrike's CEO George Kurtz reinforced this perspective during his appearance on Cramer's program, characterizing the AI revolution as favorable for cybersecurity demand. Shortly thereafter came the development that appeared to vindicate Cramer's analysis. Anthropic introduced "Project Glass Wing," a cooperative security framework incorporating both CrowdStrike and Palo Alto Networks (PANW), aimed at safeguarding Anthropic's user base. The revelation triggered a 24-point surge in CRWD shares within a single trading day. Palo Alto Networks experienced its own significant decline in recent trading, dropping approximately 7.3%, indicating that broader industry uncertainty persists despite positive partnership news. CrowdStrike maintains a market capitalization of roughly $100.1 billion, though shares continue trading approximately 15.8% below their year-to-date starting point as markets prepare for the upcoming session.
Bessent, Powell warned bank CEOs about Anthropic model risks
US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell convened an urgent meeting with bank CEOs this week to warn of cyber risks posed by Anthropic's latest AI model, two sources familiar with the matter said on Thursday. Anthropic launched the powerful Mythos model earlier this week but stopped short of a broad release, citing concerns it could expose previously unknown cybersecurity vulnerabilities. The company said the model was capable of identifying and exploiting weaknesses across "every major operating system and every major web browser." The meeting, held at the Treasury Department in Washington on Tuesday, was aimed at ensuring banks are aware of the potential risks posed by Mythos and similar models, and are taking steps to defend their systems, one of the sources said. The invitation came while most CEOs of the largest US banks were already in Washington to attend other meetings, one of the sources said. Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy. Access to Mythos will be limited to about 40 technology companies, including Microsoft and Google, and Anthropic has been in ongoing talks with the US government about the model's capabilities, the startup has said. Bloomberg News, which first reported the matter on Thursday, said the CEOs of Citigroup, Morgan Stanley, Bank of America, Wells Fargo and Goldman Sachs were present. JPMorgan CEO Jamie Dimon was unable to join, one of the sources told Reuters. Advertisement Goldman Sachs and the Federal Reserve declined to comment. The Treasury, lenders and Anthropic did not immediately respond to Reuters' requests for comment.
CoreWeave solidifies key AI infrastructure position with Anthropic deal
CoreWeave has announced the signing of a multi-year agreement with Anthropic to provide computing capacity for its Claude models. The announcement was cheered by the markets, sending the stock up nearly 13%. The deal provides for a progressive ramp-up of infrastructure starting this year, amid surging demand for artificial intelligence-related computing resources. This partnership follows a series of major contracts recently secured by CoreWeave, notably with OpenAI, Nvidia and Meta. The company is also seeking to diversify its revenue streams, as Microsoft previously accounted for approximately 67% of its turnover. The addition of new clients such as Meta and Anthropic strengthens its position in a rapidly expanding market. Meanwhile, Anthropic is ramping up initiatives to secure its infrastructure needs, with parallel agreements involving Broadcom and Google. This momentum illustrates the strategic importance of computing power in AI, where a few specialized players like CoreWeave are now establishing themselves as essential partners.
Anthropic will use CoreWeave's AI capacity to power Claude
Anthropic, along with OpenAI, has been at the forefront of the explosion in AI services, and at times has struggled to keep its products online in the face of what it called "unprecedented demand." The company is working to build more computing capacity, including committing US$50 billion toward new AI data centres in the U.S. San Francisco-based Anthropic is among the most valuable closely held companies, at US$380 billion, including US$30 billion it raised recently.
German cyber agency braces for 'significant disruption' from Anthropic's AI hacking tech
A powerful new AI model unveiled by Anthropic is a "paradigm change in the nature of cyber threats," the head of Germany's cyber agency told POLITICO. Claudia Plattner, president of the German Federal Office for Information Security (BSI), said her agency is in "active dialogue" with Anthropic about the company's new model, called Mythos, that is believed to be outperforming humans at finding and exploiting software bugs and glitches. German agency officials take the U.S. company's new model "very seriously" and "anticipate significant disruption," Plattner said.
Why Broadcom (AVGO) Soared Nearly 6% on Major AI Chip Deals with Google and Anthropic - Blockonomi
Despite positive news, Seaport Global Securities moved AVGO to Neutral on valuation worries Broadcom shares have experienced remarkable momentum recently. Following a dip under $300 in late March, the stock rebounded to approximately $375 by mid-April, powered by significant AI partnership developments and improving market conditions. Broadcom Inc., AVGO The most significant catalyst emerged on April 7, when Broadcom, Alphabet, and Anthropic collectively unveiled enhanced AI infrastructure collaborations. Shares surged over 6% in a single trading session. Broadcom and Google established a comprehensive long-term partnership for Broadcom to engineer and deliver upcoming iterations of Google's Tensor Processing Units. Additionally, the companies executed a Supply Assurance Agreement guaranteeing Broadcom will furnish networking hardware for Google's advanced AI infrastructure deployments extending to 2031. Networking solutions represented approximately one-third of Broadcom's AI-related revenue in the most recent quarter, underscoring the material significance of this component. Google remains Broadcom's primary and most enduring custom silicon partner. This renewed collaboration encompasses several future TPU iterations, providing Broadcom with exceptional revenue predictability from its most critical client. The Anthropic component of the announcement carries particularly compelling implications. Beginning in 2027, Anthropic will obtain roughly 3.5 gigawatts of TPU-driven AI computing infrastructure through Broadcom. Bernstein analyst Stacy Rasgon estimates Broadcom generates approximately $20 billion in revenue per gigawatt. Applying this framework, the Anthropic arrangement represents considerable financial opportunity. Previously, Broadcom indicated Anthropic's requirements were "expected" to surpass 3 gigawatts. The updated announcement strengthens this language -- Anthropic "will" access more than 3.5 gigawatts, with Broadcom implying this represents a portion of an even larger, extended commitment. Broadcom included one qualification: the expansion hinges on Anthropic's "continued commercial success." However, this threshold appears readily achievable. Anthropic's annualized revenue trajectory accelerated from $9 billion at 2025's conclusion to $30 billion by early April -- tripling within mere months. These partnership developments built upon already-impressive financial performance. Broadcom delivered Q1 earnings per share of $2.05, surpassing the $2.03 analyst consensus, while revenue reached $19.31 billion versus expectations of $19.10 billion. AI-specific revenue totaled $8.4 billion for the quarter, climbing 106% year-over-year, propelled by robust demand for customized AI accelerators and networking infrastructure. A Pakistan-facilitated two-week ceasefire between Iran and the United States, announced April 7, also boosted overall market optimism. With a beta coefficient of 1.24, Broadcom characteristically exhibits amplified movement relative to broader market swings, and the improving risk appetite provided additional momentum. Not all analysts share the enthusiasm. Seaport Global Securities lowered AVGO to Neutral, contending that AI-fueled growth has already been incorporated into consensus projections and that meaningful near-term upside appears constrained. The market generally dismissed this cautious perspective. Broadcom's annual revenue run rate has expanded from $9 billion to $30 billion in Anthropic, its newest significant customer, within just three months.
Broadcom strikes chip deals with Google, Anthropic
Broadcom will help develop TPUs and provide them to Anthropic. Broadcom has announced it will produce future versions of artificial intelligence chips for Google, and separately signed an expanded deal with Anthropic to provide about 3.5 gigawatts worth of computing capacity to the AI startup, drawing on Google's AI processors. The compute capacity comes courtesy of Google's Tensor Processing Units (TPUs) as well as supplying its own networking components. It will come online in 2027. The deal with Google is a long-term agreement "for Broadcom to develop and supply custom TPUs for Google's future generations of TPUs," said Broadcom in its filing. The two firms also entered a "Supply Assurance Agreement for Broadcom to supply networking and other components to be used in Google's next-generation AI racks through up to 2031," Broadcom said.
Why is Palantir stock going down today? Is Anthropic eating Palantir's lunch? Here are the real reasons hitting Palantir Technologies stock
Why is Palantir stock going down today? Palantir stock is sliding again today. Shares are down nearly 5% after a weak start. Investors are reacting to two major triggers hitting Palantir Technologies right now. First, Michael Burry sparked fear. He warned that Anthropic is rapidly taking enterprise AI share. Anthropic's revenue surged from $9 billion to $30 billion. That shook confidence fast. Second, easing Middle East tensions removed Palantir's defense-driven "war premium." That changed demand expectations. Despite this, fundamentals remain strong. Revenue hit $4.48 billion with solid profit growth. CEO Alex Karp pushed back, defending long-term strength. Still, high valuation keeps pressure on Palantir stock today.
Anthropic's Mythos - Massive Implications For Markets (SP500)
Analyst's Disclosure: I/we have a beneficial long position in the shares of NOW, ZS, CRWD, MSFT, AMD, MRVL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
In Graphics | Why AI firm Anthropic is refusing to release Claude Mythos
Anthropic has said it will not be releasing its new Claude Mythos AI software to the public. Reuters Usually, artificial intelligence (AI) companies cannot wait to get their products out to the public. However, Anthropic has taken the unusual step of announcing that it will not be releasing its latest software, known as Claude Mythos. The company has claimed that the model is simply too dangerous to do so. Anthropic says that Claude Mythos has demonstrated unexpected capabilities, including identifying vulnerabilities in major software, including browsers and operating systems. The company says this could have major implications when it comes to the world economy, public safety, and national security. It has instead created Project Glass Wing - a consortium comprising the biggest tech firms, including Amazon, Apple, Microsoft, Google, and Nvidia. The company has said that it will not release the software to the wider public and that it could wreak havoc in the wrong hands. Let's take a closer look
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Powell, Bessent Warn Banks About Security Risks From Anthropic's Mythos AI: Bloomberg - Decrypt
Anthropic has limited access to the model while it evaluates potential security risks. U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell reportedly convened a meeting with Wall Street bank CEOs earlier this week to warn about cybersecurity risks tied to a new artificial intelligence model from Anthropic. According to a report by Bloomberg, the meeting included executives from Citigroup, Bank of America, Wells Fargo, Morgan Stanley, and Goldman Sachs. Officials discussed Anthropic's new AI model Mythos, which has recently drawn broad concern over its apparent advanced cybersecurity capabilities. Officials convened the meeting to ensure banks understand the risks posed by systems capable of identifying and exploiting software vulnerabilities across operating systems and web browsers, and to encourage institutions to strengthen defenses against potential AI-assisted cyberattacks targeting financial infrastructure. Security researchers have warned that tools capable of automatically discovering vulnerabilities could accelerate both defensive security work and malicious hacking if misused. Anthropic's Mythos model first surfaced online in March after draft materials about the system leaked online, revealing what the company described as its most capable AI model yet. In testing, the system reportedly found thousands of previously unknown software vulnerabilities, including zero-day flaws across major operating systems and web browsers. Anthropic researchers said in a report earlier this week that Mythos Preview's vulnerability-discovery capabilities were not intentionally trained, but instead emerged from broader improvements in the model's coding, reasoning, and autonomy. "The same improvements that make the model substantially more effective at patching vulnerabilities also make it substantially more effective at exploiting them," the firm wrote. Because of those capabilities, Anthropic has restricted access to a small group of cybersecurity organizations. "Given the strength of its capabilities, we're being deliberate about how we release it," Anthropic said in a statement. "As is standard practice across the industry, we're working with a small group of early access customers to test the model. We consider this model a step change and the most capable we've built to date." To address that risk, Anthropic is testing Mythos through Project Glasswing, a collaboration with major technology and cybersecurity companies that uses the model to identify and patch vulnerabilities in critical software before attackers can exploit them. "Project Glasswing is a starting point. No one organization can solve these cybersecurity problems alone," the company said in a statement. "Frontier AI developers, other software companies, security researchers, open-source maintainers, and governments across the world all have essential roles to play."
Tech stocks today: CoreWeave climbs 13% on Anthropic deal, TSMC Q1 revenue soars 35%
Tech stocks were mixed in Friday trading, as Wall Street attempted to digest the tenuous truce in the war in Iran. The hostilities in the Middle East have weighed on tech stocks for weeks, clouding the picture of whether investors are pulling back because of the war or because of sentiment toward Big Tech more generally. Beyond the war, CoreWeave (CRWV) stock rocketed 13% higher after the company announced it is entering a multiyear agreement with Anthropic (ANTH.PVT) that will see the AI cloud company provide Anthropic with computing capabilities to build and power its AI models. Reuters also reported on Friday that Anthropic is exploring designing its own AI processors to address the ongoing demand crunch for the highly sought-after chips. Elsewhere, TSMC (TSM) reported its first quarter revenue jumped 35% year over year on strong demand for its own AI chips. Meanwhile, anticipation continues to build around two major IPOs: one from Anthropic (ANTH.PVT), expected as early as this year, and the public debut of Elon Musk's rocket company, SpaceX (SPAX.PVT).
SpaceX could be the biggest IPO in history. Will investors see a return?
Elon Musk always does things in a big way. The same is true of his plans to take SpaceX public. Reports suggest the rocket company could be valued at as much as $2 trillion, making it one of the largest initial public offerings in market history. How will investors make out? That could depend on how much they like Musk. SpaceX is earmarking up to 30% of shares for "non-professional, non-institutional investors," said The Guardian. The company is "banking on the popularity" of Musk to help it raise as much as $75 billion from the stock offering. The so-called "retail" trade by his fans will be a "critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen told a meeting of bankers on April 6, per Reuters. The company is more than just rockets. It now includes xAI, Musk's artificial intelligence company, along with Starlink, Grok and the X social media network. Money raised from the IPO would help SpaceX finance "launching artificial intelligence data centers into orbit, creating a colony on the moon and getting humans to Mars," said The New York Times. But those are "expensive and unproven" technologies that could take "years and billions of dollars to achieve." What did the commentators say? IPOs "used to fund growth," Brad Badertscher said at The Conversation. Going public helped "young, cash-strapped companies" like Amazon and Apple get traction, and "much of their dramatic growth happened" happened afterward. These days, most companies "can now raise billions privately" and, like SpaceX, only go public after they have entrenched themselves in the marketplace. Investors are not getting in on the ground floor. Most "explosive growth in corporate value" comes while "companies are still private." The SpaceX IPO could "showcase the free market at its best," Matthew Lynn said at The Washington Post. The company is "pioneering innovative technologies and generating jobs and wealth." Bringing along ordinary investors might add to those accomplishments. Giving regular people ownership of stocks gives them a "stake in the free market" and makes them "far more likely to support the system." Musk's stock offering could convince Americans that "free-market, risk-taking entrepreneurship isn't such a terrible thing after all." A "bumper crop of mega initial public offerings" is expected over the next year, Jonathan Levin said at Bloomberg. History suggests investors should "tread very, very carefully" when evaluating companies like SpaceX, OpenAI and Anthropic. Mega IPOs have "underperformed the market" on average in recent years. But some investors will inevitably decide that Musk's company and its peers "are in a league of their own." What next? SpaceX "could trade like a meme stock" after the IPO, said MarketWatch. Stocks driven by "social media trends" are often prone to "high trading volumes and price volatility." The Musk-helmed company "clearly has some of the ingredients" to fit that profile, Roundhill CEO Dave Mazza said to the outlet.
