News & Updates
The latest news and updates from companies in the WLTH portfolio.
Five things to know about Anthropic ahead of Wall Street debut
San Francisco (United States) (AFP) - Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. Here are five things to know about the company: Built from OpenAI Anthropic was founded in 2021 by former OpenAI executives frustrated over how the potential of AI and concerns over safety were not understood or being taken seriously enough. The company -- whose name means, somewhat paradoxically, "relating to human beings" -- is led by CEO and co-founder Dario Amodei, a San Francisco native with a PhD in biophysics from Princeton University, not computer engineering like so many of his Big Tech peers. His sister Daniela is also a co-founder and the company's president. Anthropic has 5,000 employees, according to PitchBook. Upstart Until this year, Anthropic was in clear second place to OpenAI, which burst onto the scene with ChatGPT in November 2022, transforming the tech industry and triggering an AI arms race. But as OpenAI rolled out products from video creation to web browsers, Anthropic aimed far more narrowly, focusing on building the best platform for computer programmers. That strategy has paid off spectacularly -- coding is the rare AI skill that users are willing to pay handsomely for. Claude Code, its assistant for developers, has become one of the company's most popular products, helping push projected annual revenue to $65 billion. Only a small percentage of ChatGPT users, meanwhile, pay a subscription fee -- and OpenAI has put video AI and other side projects on the back burner. Trump vs. Anthropic The momentum comes despite severe political headwinds, with Anthropic at loggerheads with the Trump administration -- a state of affairs that could give investors pause. In March, the government broke off its contracts with Anthropic and designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defense Department's move unconstitutional retaliation, and the two sides are now locked in a legal battle that could take years to resolve. The White House also bristles at Amodei's repeated warnings about the dangers of AI -- including the impact on jobs -- and his calls to regulate its deployment like airlines or banks. Amodei is also linked with effective altruism, a philosophy of targeted charitable giving scorned by conservatives in Silicon Valley and Washington. Big money needed Like OpenAI, Anthropic has massive needs for the computing power and infrastructure required to build so-called frontier models that stay ahead of competitors, amid fears that China could catch up. Both have raised money at unprecedented levels, with Anthropic valued at just under one trillion dollars when it raised $65 billion in May. With venture capitalists -- and even sovereign wealth funds -- no longer able to play in that league, higher sums can only be found on the public markets. This is a risky step that will probably determine whether a business model exists for Anthropic's vision of the AI revolution. OpenAI, after initially promising an IPO this year as well, is now signaling it will wait until 2027. Stomaching the losses According to Bloomberg, Anthropic intends to surpass the record $86.2 billion that Elon Musk's SpaceX raised in its June IPO. SpaceX, which absorbed Musk's AI startup xAI before going public, made its listing a partial AI bet, too. Its shares skyrocketed initially before coming back down to earth, and now sit at about their $135 offering price. Anthropic's investors will likewise have to stomach huge losses for the foreseeable future. The company, according to US media reports, lost almost $42 billion in 2025, and will likely keep bleeding cash for years. To lure investors, according to the Wall Street Journal, Anthropic will promise that revenue opportunities are above $30 trillion.
Five things to know about Anthropic ahead of Wall Street debut
Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. Here are five things to know about the company: - Built from OpenAI - Anthropic was founded in 2021 by former OpenAI executives frustrated over how the potential of AI and concerns over safety were not understood or being taken seriously enough. The company -- whose name means, somewhat paradoxically, "relating to human beings" -- is led by CEO and co-founder Dario Amodei, a San Francisco native with a PhD in biophysics from Princeton University, not computer engineering like so many of his Big Tech peers. His sister Daniela is also a co-founder and the company's president. Anthropic has 5,000 employees, according to PitchBook. - Upstart - Until this year, Anthropic was in clear second place to OpenAI, which burst onto the scene with ChatGPT in November 2022, transforming the tech industry and triggering an AI arms race. But as OpenAI rolled out products from video creation to web browsers, Anthropic aimed far more narrowly, focusing on building the best platform for computer programmers. That strategy has paid off spectacularly -- coding is the rare AI skill that users are willing to pay handsomely for. Claude Code, its assistant for developers, has become one of the company's most popular products, helping push projected annual revenue to $65 billion. Only a small percentage of ChatGPT users, meanwhile, pay a subscription fee -- and OpenAI has put video AI and other side projects on the back burner. - Trump vs. Anthropic - The momentum comes despite severe political headwinds, with Anthropic at loggerheads with the Trump administration -- a state of affairs that could give investors pause. In March, the government broke off its contracts with Anthropic and designated the company a supply chain risk after it refused to grant the military unfettered access to its AI models. Anthropic called the Defense Department's move unconstitutional retaliation, and the two sides are now locked in a legal battle that could take years to resolve. The White House also bristles at Amodei's repeated warnings about the dangers of AI -- including the impact on jobs -- and his calls to regulate its deployment like airlines or banks. Amodei is also linked with effective altruism, a philosophy of targeted charitable giving scorned by conservatives in Silicon Valley and Washington. - Big money needed - Like OpenAI, Anthropic has massive needs for the computing power and infrastructure required to build so-called frontier models that stay ahead of competitors, amid fears that China could catch up.
Anthropic Bets Big on AI With $30 Trillion Revenue Opportunity
Anthropic is reportedly preparing to tell investors that the potential revenue opportunity from its AI business exceeds US$30 trillion. As the makers of Claude, Anthropic is preparing for a possible public listing, and the staggering figure sets an incredible benchmark for the AI industry. According to The Wall Street Journal, people familiar with the matter say Anthropic is set to present the figure to prospective investors. The estimated figure would put the AI company ahead of SpaceX, which recently used a US$28.5 trillion estimate in its own IPO pitch. The figures are based on the total addressable market (TAM) financial metric, which is an estimate of the total revenue available across the markets a company could potentially serve. The US$30 trillion-plus figure is not a forecast of Anthropic's actual revenue, instead representing the theoretical market opportunity the company believes could come from AI as it becomes more and more embedded across businesses and industries. While Anthropic's actual business is growing rapidly, more than doubling its revenue to US$11.6 billion in the second quarter of 2026, according to reports, it is in contrast to the theoretical US$30 trillion-plus opportunity. It does show how aggressively AI companies are shaping up the potential of the emerging AI market. Anthropic needs to compete across a range of applications, while also spending big on infrastructure, research and product development to convert the potential into sustainable revenue. The trillion-dollar figure is interesting as it is difficult to predict how quickly AI will actually transform existing industries, and what proportion of that will ultimately be captured by AI companies. The company, which was founded by siblings Dario and Daniela Amodei, is known for developing one of the leading AI assistants, Claude. Claude's rise in growth and popularity has led to Anthropic becoming one of the most closely watched private companies in the technology sector. A public listing would give investors a new way in to the commercial AI boom, while also subjecting Anthropic to the increase in scrutiny that comes from a public listing. AI investment continues at unprecedented levels, and investors ultimately need to determine whether these trillion-dollar market projections reflect genuine economic transformation, or simply optimism surrounding the technology. According to reports, Anthropic is expected to file its IPO financial disclosures in the coming weeks, so a public listing could happen as early as September or October.
Anthropic Presents 30 Trillion Dollar TAM, Surpassing SpaceX
AI startup's IPO targets $100B raise, $2T valuation citing vast market potential The Wall Street Journal (WSJ), citing sources, reported on the 25th (local time) that Anthropic is expected to present a total addressable market (TAM) of over 30 trillion dollars (approximately 4 quadrillion 1,500 trillion Korean won) in its investment prospectus for its initial public offering (IPO). This exceeds the 28.5 trillion dollars proposed by Elon Musk's SpaceX in June. At the time, SpaceX's TAM included 26.5 trillion dollars allocated to its AI sector. SpaceX categorizes xAI, the AI model 'Grok,' and the social media platform X (formerly Twitter) under its AI business. TAM estimates the theoretical annual revenue a company could generate if it captured 100% of a market. As a metric for gauging future market size, some level of estimation is inevitable. This uncertainty is amplified in the AI industry, where growth speed and scope of application are difficult to predict. SpaceX's TAM announcement also drew skepticism on Wall Street due to its unusually large scale compared to existing cases. The combined revenue of 191 technology companies in the S&P 1500 Index last year amounted to only 2.4 trillion dollars. Aswath Damodaran, a finance professor at New York University known as a "valuation guru," told the WSJ that SpaceX's AI sector TAM figure was "beyond the bounds of plausibility." According to sources, Anthropic is currently reviewing all tasks that AI models could complete to calculate its TAM. Meanwhile, Anthropic is reportedly aiming to raise up to 100 billion dollars in its IPO, surpassing SpaceX's 86 billion dollars. Anthropic targets a corporate valuation of 2 trillion dollars, which would also exceed SpaceX's 1.77 trillion dollars based on its IPO price. Anthropic's IPO is expected to take place as early as September or early October.
Polymarket has favorites for Time's Person of the Year. They are all Trump foes - AOL
In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
Kraken Customers Locked Out After 'Dust Attack' From Sanctioned HTX Wallet - Crypto Economy
Kraken temporarily froze several user accounts after recording nearly 12,000 suspicious microdeposits, a tactic known in the industry as a dust attack. According to a Bloomberg report, the transfers originated from an address linked to HTX (formerly Huobi), immediately triggering the platform's automated anti-money laundering (AML) and sanctions compliance protocols. This incident highlights the operational and cybersecurity challenges faced by centralized platforms. Dusting attacks are typically used to trace wallet owners' identities or trigger false regulatory positives. While Kraken restored access for most affected customers, funds directly subject to sanctions remain frozen, while HTX denied any direct involvement and launched an internal investigation to determine responsibility for the incident. As blockchain forensic investigations progress, the industry is closely watching the effectiveness of compliance filters in preventing unnecessary friction for legitimate users. Source: https://lix.li/0LaQZ Disclaimer: Crypto Economy Flash News is produced from official, public sources verified by our editorial team. Its purpose is to provide quick updates on key developments across the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We always recommend verifying official project channels before making related decisions.
Cathie Wood's ARK sells AMD stock, buys Cerebras Systems By Investing.com
Cathie Wood's ARK ETF published their daily trades for Tuesday, August 25th, 2026, showcasing a strategic shift in its portfolio. The most significant move was a purchase of 93,290 shares of Cerebras Systems Inc (CBRS) across its ARKK and ARKW ETFs, amounting to a total dollar value of $17,298,764. This acquisition aligns with ARK's ongoing interest in the company, as reflected in previous trades. On the selling side, ARK divested 44,062 shares of Twist Bioscience Corporation (TWST) through its ARKK ETF, totaling $6,203,929. This sale follows a trend of reducing its position in Twist Bioscience, as observed in recent trading sessions. Advanced Micro Devices, Inc. (AMD) also saw a reduction in ARK's holdings, with the sale of 7,600 shares through its ARKW ETF, valued at $3,471,300. This continues ARK's recent pattern of offloading AMD shares. In another notable transaction, ARK sold 57,819 shares of Tempus AI, Inc. (TEM) through its ARKK ETF, amounting to $3,825,883. This move suggests a reevaluation of ARK's position in the AI sector. Additionally, ARK offloaded 8,945 shares of Roblox Corp (RBLX) through its ARKK ETF, with a total value of $346,708, further reducing its stake in the gaming platform after consistent sales over the past week. Perceptive Capital Solutions Corp (FRNM) saw ARK increasing its investment with the purchase of 14,549 shares through its ARKG ETF, totaling $200,485, marking a continued interest in this company. Lastly, ARK sold 9,063 shares of Brera Holdings PLC (SLMT) across its ARKK, ARKW, and ARKF ETFs, with a total dollar value of $37,702, maintaining its trend of decreasing exposure to this entity. These trades reflect ARK's dynamic approach to portfolio management, balancing between technology and biotech investments while realigning its focus on emerging opportunities. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Anthropic now expects $30 trillion in revenue after IPO - Cryptopolitan
OpenAI generated $6.7 billion in second-quarter revenue as its losses increased and operating margin worsened. Anthropic is preparing to show investors a market of more than $30 trillion as the Claude maker gets closer to going public. That would put its estimate ahead of SpaceX's $28.5 trillion figure. As per the Wall Street Journal, it is not just a target for revenue but a total addressable market, or TAM, which means that the revenues would be made per year if a company managed to grab all customers in its market range. Startups often use these figures before IPOs, combining industry data, banker models, and assumptions about future demand. With artificial intelligence, things become more complicated. Nobody really knows how far the technology will go in such areas as programming, research, customer services, finance, media, health care, logistics, and others. According to the reports, Anthropic has decided to explore various uses of advanced models. Anthropic counts more AI-driven work as IPO market estimates keep getting bigger SpaceX put its own possible market at $28.5 trillion in a May filing before its June offering. $26.5 trillion of that amount came from AI opportunities. Elon Musk's company described it as "the largest actionable" market in "human history." Wall Street questioned the size because earlier IPO estimates had been nowhere near that high. When Uber Technologies (NYSE: UBER) went public in 2019, it valued its possible market at $6 trillion. Uber built that figure around the value of miles traveled through private vehicles and public transportation worldwide. WeWork later pointed to a $3 trillion opportunity before canceling its planned IPO. Anthropic's estimate goes further. The 191 technology companies in the S&P 1500 produced $2.4 trillion in combined revenue last year, using figures from FactSet (NYSE: FDS). Anthropic's projected market is more than twelve times larger than that annual total. SpaceX's trading after its IPO gives investors a number to watch. The stock climbed after listing, then lost momentum. Shares dropped below $105 during intraday trading in early August before returning to around the $135 offering price. Anthropic overtakes OpenAI in quarterly sales as costs and competition reshape the AI race Anthropic's real business has expanded quickly before its expected listing. Second-quarter revenue reached $11.6 billion, more than double the level. It was also the first quarter when Anthropic brought in more sales than OpenAI. OpenAI reported revenues of $6.7 billion for the period ending in June, up from $5.7 billion in the previous quarter. This represents an 18 percent growth rate. At the same time, the firm's losses grew, and its operating margin slid even closer to zero ahead of its IPO. As some investors were hoping for more progress on Anthropic, the slower growth and bigger losses meant that OpenAI was not performing as well heading into an IPO. Anthropic, meanwhile, recorded a small operating profit. The company has not explained how it calculated that adjusted figure. In updates sent to investors, it excluded stock-based compensation when working out adjusted earnings. However, in 2026, the power dynamics between the two companies altered as ChatGPT experienced slower growth rates while Claude Code grew more popular among developers. As a result, OpenAI had to make changes to its strategy and adjust its management structure. OpenAI spends money on the service of hundreds of millions of ChatGPT users who do not pay for their usage. The company reduced the prices of two new models as corporate clients have become careful with their investments into AI technology, preferring cheaper Chinese models. Anthropic faces similar pressure in terms of price reduction. Before the IPO, the company has tried to allay investor fears concerning the competition from cheaper Chinese models of AI. Moreover, OpenAI suspended development of certain new models and tightened control due to the fact that autonomous agents managed to break containment measures during the test period and hack other companies. This was an additional operating challenge faced by OpenAI while trying to decrease the gap between itself and Anthropic.
Polymarket has favorites for Time's Person of the Year. They are all Trump foes
Add Yahoo as a preferred source to see more of our stories on Google. In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
Polymarket has favorites for Time's Person of the Year. It's not good news for Trump
In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
Polymarket has favorites for Time's Person of the Year. They are all Trump foes
In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
Polymarket has favorites for Time's Person of the Year. It's not good news for Trump
In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
Polymarket has favorites for Time's Person of the Year. They are all Trump foes
Add Yahoo as a preferred source to see more of our stories on Google. In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
Polymarket has favorites for Time's Person of the Year. They are all Trump foes
In a few months, TIME will announce its annual Person of the Year. If prediction markets are to be believed, Donald Trump will be disappointed with the results. On both Kalshi and Polymarket, the Republican, who has won Person of the Year twice, ranks a distant third. Making matters worse, the top two picks on both sites -- New York City Mayor Zohran Mamdani and Pope Leo XIV -- have feuded with the president. The president has had an up-and-down relationship with Mamdani, the top pick on both sites. At various points, Trump has attacked his fellow New Yorker as a "communist," though a relatively friendly November meeting between the two sparked speculation they might forge an unlikely "bromance." "I think you're going to have, hopefully, a really great mayor -- the better he does, the happier I am," Trump said at the time. They met again in February, and Mamdani emphasized that he hoped he could work with Trump on issues such as housing, bringing a mock-up newspaper front page touting the fruits of their potential collaboration and Trump's starring role. Hopes for a true alliance between the two were quickly dashed, however. By April, Trump accused Mamdani, who has pushed for a tax on luxury second-homes, of "destroying" New York with his tax policies. In June, the Trump administration's border czar threatened to flood New York with ICE agents in response to the state passing a new package of sanctuary provisions. Mamdani, meanwhile, has repeatedly criticized the Trump administration's immigration policies. The president's relationship with Pope Leo has been ever more fraught. Leo, the first American pope, infuriated the White House on multiple occasions, including for criticizing what he said were the administration's "inhumane" immigration policies and for speaking out about Trump's threats to wipe out the Iranian civilization. The pope also took issue with administration claims that the Iran conflict was a righteous holy war. "Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs," Leo wrote on social media in April. These comments further angered the administration, with Vice President JD Vance, himself a high-profile Catholic convert, warning the pope to "be careful" when opining on matters of theology. President Trump, meanwhile, has accused the Pope of being "weak" on crime and "terrible" on foreign policy. Despite the Trump administration's strong support from Christians in the U.S., its immigration policies have driven a wedge between it and the Catholic Church, which is heavily involved in refugee resettlement work and has numerous members in the U.S. with immigrant backgrounds. In April, for instance, the Trump administration ended an $11 million federal contract with Catholic Charities of the Archdiocese of Miami, a charity that has provided housing and assistance to migrant children for 60 years.
Now Perplexity is trying to get into the local AI action
AI company Perplexity has already tried its hand at search services, advertising, personal assistants, browsers, and a hosted agent platform - and now it's getting into local AI services. The biz, having already built a hybrid agent inference orchestrator that connects cloud and local inference, has crossed that bridge to build a local agent called Portable Computer. That's in contrast to its cloud-based agent platform, Computer. Portable Computer consists of an agent harness, an orchestrator, and local AI models running on an Nvidia DGX Spark workstation, with the ability to tap into cloud inference if the situation demands. What's Nvidia DGX Spark doing there? Well, apart from the fact that DGX Spark is a capable bit of AI kit, Nvidia is said to be contemplating a $30 billion investment in Perplexity. Maybe, just maybe, that has something to do with six brand name mentions in one announcement. Perplexity casts its Portable Computer as a way to control AI costs, an issue of interest over the last few months as users find locally run open weight models may offer relief from bulging cloud bills. "Progress is most visible in very small and efficient models such as Nvidia Nemotron 3.5 Lightning (30B total parameters), Qwen 3.6 (35B), and Qwen 3.8 (27B)," the biz said in its post, paying somewhat more attention to Nvidia's model than other local AI enthusiasts. "These small models punch above their weight and are now capable of complex agentic workflows." What hardware might one run such models on? It may just be coincidence but Perplexity suggests Nvidia DGX Spark. "This local-first approach enables significant cost savings, since local inference avoids per-token API fees," Perplexity said. "It also naturally resolves the privacy and intellectual-property concerns: private tokens never need to be transmitted to remote clusters and remain safely within the boundary of the local device." Perplexity's current privacy policy doesn't specifically mention Portable Computer, but does reveal that Perplexity collects quite a bit of data through its other services. Most of Perplexity's pitch to potential customers involves sharing benchmark results that compare Portable Computer to two other agent harnesses, Pi and Hermes. The AI biz reports, "Across the various benchmarks, Computer matched or exceeded Hermes and Pi in accuracy while running Qwen 3.8 27B on an NVIDIA DGX Spark." And Portable Computer, Perplexity claims, proved fastest on BrowseComp and ParseBench-100 and used the fewest tokens on all three. The AI biz concludes that a decent open-weight model and capable local hardware, together with a suitable harness, "can handle real knowledge work at near-zero inference cost without requiring sensitive data to leave the device." And in the event Nvidia does invest $30 billion, Perplexity will have plenty of time to explore how much it can charge in a market where harnesses like Pi and Hermes are free. ®
Dow Jones Top Company Headlines at 7 PM ET: OpenAI's Head of Data Centers Has Left the Company | Anthropic ...
OpenAI's Head of Data Centers Has Left the Company Chris Malone joins a string of recent high-level executive departures as the AI giant heads toward an IPO and ramps up its spending on computing power. ---- Anthropic Expected to Tell Investors It Sees Over $30 Trillion in Potential Revenue The AI startup is likely to top SpaceX's eye-popping potential revenue estimate. ---- California Attorney General Ramps Up Criticism of Paramount Rob Bonta said Paramount is more focused on the "court of public opinion" than the court of law in the Warner merger fight. ---- Intuit Forecasts Slower Growth, Takes Steps to Win More TurboTax Users The company said it expects revenue to increase 9% to 10% for fiscal 2027, slowing from 14% this year, as it recorded a lower profit in its latest quarter. ---- Zoom Reports Solid Earnings. The Stock Drops Anyway. Zoom reported adjusted earnings of $1.55 a share for the quarter, up from $1.53 a year ago and above analysts' expectations for $1.48, per FactSet. ---- Starbucks Union Calls for Boycott in Latest Test of Company Turnaround Starbucks Workers United is seeking a contract agreement. For investors, the key question is whether the boycott move will affect customer behavior at a meaningful scale. ---- Dick's Sporting Goods Bet Big on Sneakers With Foot Locker. It Backfired. Shares tumbled after the retailer revealed footwear discounts are sapping profits. The chairman defended a $2.4 billion deal for the sneaker chain. ---- United Airlines Ups Its Bet on Instagrammable International Destinations Robust travel demand from Americans is helping fuel new routes like Marseille and Ibiza. ---- Bank of Montreal Plans to Buy Back Shares After Strong Quarter The big Canadian lender benefited from double-digit revenue growth and an improved credit performance in its fiscal third quarter, with the lowest provision on impaired loans in the last 10 quarters, though its bottom line was squeezed by one-time charges for its exit from certain businesses. ---- Scotiabank Earnings Lifted by Record Result in Wealth Management Bank of Nova Scotia notched a rise in third-quarter earnings, driven by strong results across its business lines that included a record result from its global wealth management and global banking and markets operations. ---- OnlyFans Paid $700 Million Dividend to Founder Year Before He Died The online platform, widely known for its explicit content, was a reliable cash machine despite employing fewer than 50 people. ---- Oura and Dunkin' Get Ready to Join IPO Bonanza Investors are sizing up the parade of new offerings expected in coming months. ---- Hyundai Motor, Union Reach Wage Deal to End Walkouts The tentative wage agreement ends months of on-and-off walkouts that have disrupted production at the Korean automaker. ---- Woodside Puts 'Everything on the Table' in Review of Beaumont Facility Chief Executive Liz Westcott said the review reflected a shift in international policy positions and slack demand for lower carbon ammonia. ---- Lego Sales Growth Outpaces Global Toy Market to Hit New Record Lego reported record sales for the first half of the year as it launched hundreds of new products. (END) Dow Jones Newswires August 25, 2026 19:15 ET (23:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Tech stocks rally on Wall Street as Anthropic eyes US$30tr market
Mōrena and welcome to today's wrap of the business and political headlines you need to know this morning. Tech stocks were back in favour on Wall Street, with chipmaker Nvidia set to snap its losing streak ahead of its latest quarterly update, while Anthropic's estimates of the artificial intelligence market are even loftier than SpaceX's view. Brent crude oil prices dipped below US$90 a barrel as US Treasury secretary Scott Bessent's plans to further isolate Iran were seen as not antagonising China unnecessarily, although his plans to rein in the bond market copped criticism from his longtime mentor, hedge fund veteran Stanley Druckenmiller. Meanwhile, International Monetary Fund managing director Kristalina Georgieva urged governments to get their books in order, ahead of Federal Reserve chair Kevin Warsh's keynote speech at the annual central bankers' symposium in Wyoming later this week. The generally upbeat sentiment is set to flow through to the antipodes, with the kiwi dollar stronger and ASX futures pointing to a positive start to the day across the Tasman as earnings season continues, with Woolworths, WiseTech Global and Meridian Energy among companies reporting today. Nvidia was on track to snap a seven-day losing streak, with the Nasdaq Composite up 0.6% in late trading as investors regained their appetite for tech companies. The chipmaker is due to report its quarterly earnings on Wednesday in the US. "The earnings are arguably the most important corporate event of the week," Greg Boland, market strategy consultant at Moomoo, said in a note. "Investors will be looking closely at Blackwell shipments, data-centre revenue, hyperscaler capital expenditure and Nvidia's guidance for the coming quarter." The Wall Street Journal reported Anthropic would likely tell investors its total addressable market was US$30 trillion, topping the US$29.5tr figure put forward in SpaceX's blockbuster initial public offering documents. Meanwhile, OpenAI said its new Jalapeno chips outperformed Nvidia's current crop of AI processors, although the WSJ separately reported the ChatGPT maker lost another key executive, with the departure of Chris Malone who oversaw its data centre buildout. And Nvidia-backed AI cloud-computing provider Lambda was reportedly in talks to raise as much as US$3 billion ahead of a potential listing next year. Gains on Wall Street were widespread, with the S&P 500 and Dow Jones Industrial Average both up 0.3%, while across the Atlantic, the UK's FTSE 100 rose 0.3% and Germany's DAX gained 0.6%. France's CAC 40 dipped 0.2%. Brent crude oil futures fell 3.9% to US$88.60 a barrel as investors took heart from the fact that the latest round of US sanctions on Iran stopped short of directly penalising China, which said it would take all necessary measures to protect its interests. Separately, Iran and Oman said they'd discussed a proposed framework to set up a temporary corridor for ships to go through the Strait of Hormuz. The softer oil prices helped support bonds, with the yield on 10-year US treasuries falling 8 basis points to 4.64%. Veteran hedge fund manager Stanley Druckenmiller penned an op-ed in the WSJ criticising Bessent's bond-buying programme, saying governments defending prices against fundamentals always lose. Meanwhile, IMF head Georgieva said the global economy had been resilient in the face of stubborn inflation, while urging governments to keep their debt levels and deficits at sustainable levels. Canada matched the new tariffs imposed by US President Donald Trump, doubling its levies on a range of products to 50%, although Canadian lenders Bank of Nova Scotia and Bank of Montreal played down trade concerns as their respective quarterly earnings beat analysts' expectations. SpaceX was up 2.3% in late trading after the space conglomerate said it planned to build a US$100b rocket launch complex in Louisiana, while rocket parts maker Ursa Major Technologies planned to go public through a special purpose acquisition company at a US$2.3b valuation. Nasdaq-listed local favourite Rocket Lab was down 2.2% at US$66.73 in late trading. Australian futures are pointing to a 0.3% gain for the S&P/ASX 200 index when trading opens across the Tasman as earnings season continues, while Australian inflation figures are also in focus. The kiwi dollar traded at 83.43 Australian cents at 7am in Auckland from 83.32 cents yesterday, and rose to 59.73 US cents from 59.56 cents.
Perplexity AI launches Portable Computer on-device AI agent
Perplexity AI launches Portable Computer on-device AI agent Perplexity AI Inc. today introduced Portable Computer, an artificial intelligence agent designed to run on desktops equipped with Nvidia Corp. silicon. The launch follows a report that Nvidia is weighing an investment in the startup that could value it at over $30 billion. Furthermore, Nvidia has reportedly floated the idea of licensing Perplexity's technology and hiring key employees. Portable Computer is an on-device version of a cloud-based AI agent called Perplexity Computer that debuted in February. Both tools are designed to perform multi-step tasks such as developing web applications. When Perplexity Computer encounters a particularly time-consuming task, it split the work into smaller chunks and assigns each one to a different subagent. Portable Computer brings similar capabilities to Nvidia's DGX Spark device (pictured.) It's a desktop computer that features a graphics card based on the company's Blackwell architecture. Additionally, the system ships with a 20-core central processing unit and 128 gigabytes of memory. On launch, Portable Memory uses the open-source Qwen 3.8 27B language model to automate tasks. It also supports a version of the algorithm called PPLX 27B that Perplexity optimized for the DGX Spark. The company added in a so-called multi-token prediction mechanism designed to speed up prompt processing. Qwen 3.8 27B has a context window of 256,000 tokens. In practice, however, Perplexity determined that the model struggles to process prompts with more than 100,000 tokens. The company addressed that limitation by equipping Portable Computer with a so-called context compaction feature. It summarizes lengthy prompts to bring them below the 100,00 token mark. Personal Computer includes several pre-packaged skills, file collections that include instructions and other assets designed to boost the quality of prompt responses. Perplexity says that the initial skill lineup focuses on use cases such as online research, data science and coding. Additionally, the company has added in a mechanism that verifies the accuracy of prompt responses. If Portable Computer's on-device model struggles to complete a task, it can request help from a cloud-based neural network. It can also connect to several popular software-as-a-service applications including GitHub. Portable Computer requests user permission before sending data to external tools and doesn't provide them with access to on-device files. According to Perplexity, the software also includes other guardrails. It features a sandbox that prevents language models from accessing parts of the user's operating system that aren't relevant to their work. Additionally, Portable Computer blocks unauthorized network connections. An upcoming update will expand the tool's availability beyond the DGX Spark to Windows machines that feature Nvidia RTX graphics cards. Additionally, Perplexity plans to add support for the chipmaker's recently released Nemotron 3.5 Lightning model. It's a mixture of experts algorithm with 30 billion parameters that is optimized to run on devices with limited processing capacity.
Anthropic Tells Staff to Work From Home Due to Potential Security Workers' Strike
Security company Allied Universal warned Anthropic that its workers might go on strike, prompting the AI company to order its staff to work from home, but the security guards' union said it knew nothing about the strike. Anthropic told employees at its San Francisco offices to stay home Monday and Tuesday after receiving notice from its security contractor, Allied Universal, that its workers could potentially walk off the job, as Business Insider reports. The Service Employees International Union (SEIU), which represents many of the security workers, told the outlet it had neither authorized a strike nor threatened one for this week. The union reportedly said it has been engaged in lengthy contract negotiations with Allied and other California security companies since April. The union represents thousands of security workers statewide and is seeking higher wages, improved healthcare benefits, and more extensive job training. Neither company responded to requests for comment. According to Business Insider, Anthropic generally requires employees to work from its offices at least 25% of the time under its hybrid policy. Security concerns have also become an increasingly prominent issue across the tech industry, with The Wall Street Journal reporting threats against employees at both Anthropic and OpenAI. The timing comes as Anthropic prepares for a potential initial public offering. The company made a confidential filing in June and could file publicly as soon as August, while secondary-market trading has reportedly pushed its valuation to about $1.5 trillion. Allied Universal has also faced scrutiny in recent years. Oaklandside reported last year that the City of Oakland withdrew a proposed contract with the company after it was revealed that one of its subsidiaries works with US Immigration and Customs Enforcement. The city also found what it described as a "shocking" number of lawsuits and violations involving Allied. Earlier this month, Allied became the subject of a lawsuit over the theft of two shipping containers holding about $858,000 worth of merchandise from a Mercedes-Benz facility in Fontana, California, while the property was under the company's guards' watch. The complaint alleges that the guards failed to properly monitor surveillance footage, detect unauthorized vehicles entering the property, patrol the facility, or control access to the site.
Kraken Restricts Accounts After 12,000 Transfers From HTX-Linked Wallet | Market Kraken
Kraken temporarily restricted some customer accounts after nearly 12,000 small crypto transfers from a wallet linked to HTX arrived between Aug. 17 and Aug. 24, which the exchange flagged as a possible dust attack involving UK- and EU-sanctioned funds. HTX denies sending the transfers and is investigating while Kraken restored access to affected customers as it continues compliance reviews, underscoring sanctions, security and regulatory risk for CEXs and broader crypto adoption.
