News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic plans $200M joint venture with Blackstone and PE giants to embed Claude inside enterprise operations -- TFN
Selling AI to large companies is harder than building the technology itself. Integrating AI into daily operations, rather than just running short pilots, remains a challenge. Anthropic, which, as Bloomberg reported earlier, saw its annual revenue top $19 billion in early March and more than double its run rate since late last year, seems to have decided that software subscriptions alone are not enough. The company is in talks with a group of private equity firms, including Blackstone, Hellman & Friedman, and General Atlantic, according to reports from The Wall Street Journal and The Information, to create a joint venture focused on integrating Claude into their portfolio companies. The project could raise up to $1 billion, with Anthropic putting in about $200 million. No final decisions have been made. The strategy makes sense. Private equity firms oversee many software companies that are under pressure, and many of their other businesses still lack strong AI integration. While these firms can buy licenses from Anthropic or OpenAI, the real challenge is knowing how to use the technology, not just getting access to it. Failed AI projects are common in big companies, and PE firms want to avoid these failures because they are focused on returns. The joint venture would serve as both a consulting and implementation team, helping businesses use Anthropic's AI tools, especially Claude, across their core operations. The focus is on automating major business functions, not just making small productivity improvements. Anthropic has set aside $100 million to train and provide technical support to consulting partners using its Claude platform. Anthropic is not the only company taking this path. OpenAI is also in advanced talks to set up a joint venture with private equity firms, including TPG and Bain Capital, in a similar move that shows a wider industry trend. Both companies seem to agree that the next stage of enterprise AI adoption needs hands-on support, not just API access. This joint venture shows that AI commercialisation is maturing. The first phase was about building models, the second about selling access, and now the third is about making sure companies can actually use the technology successfully. Whether Anthropic's plan to use private equity as a distribution channel will work depends on how well it is executed, but the overall trend is clear.
Anthropic signs multi-gigawatt TPU deal with Google and Broadcom
Anthropic has signed a deal with Google and Broadcom for multiple gigawatts of TPU computing capacity, set to come online starting in 2027. Most of the infrastructure will be built in the United States. The company points to surging demand as the reason for the expansion: its annualized revenue rate now exceeds $30 billion, up from roughly $9 billion at the end of 2025. The number of enterprise customers generating more than $1 million in annual revenue has doubled since February, surpassing 1,000. Anthropic trains Claude on a mix of hardware: Amazon's AWS Trainium, Google's TPUs, and Nvidia's GPUs. This makes Claude the only one of the three major AI models available across all three major cloud platforms (AWS, Google Cloud, and Microsoft Azure). That said, Anthropic notes that Amazon remains its most important cloud partner.
Cerebras Backer Eclipse Raises $1.3 Billion for Robotics, AI Infrastructure
Venture capital firm Eclipse has raised $1.3 billion to invest in startups working in physical industries such as artificial intelligence infrastructure, manufacturing and defense. Eclipse, an early backer of Nvidia Corp. rival Cerebras Systems Inc., disclosed the fundraising in filings with the Securities and Exchange Commission. The total includes $720 million for investments in early-stage startups and $591 million for later-stage deals. Founded in 2015, Eclipse focuses on companies building technologies for the physical world. Its investments include self-driving software startup Wayve -- Eclipse co-led its Series D fundraising in February -- and $6 billion battery supply chain company Redwood Materials Inc. Eclipse founder Lior Susan also sits on the board of AI chipmaker Cerebras, which is expected to go public as soon as April. The latest $1.3 billion haul is the firm's largest to date, nudging out the $1.23 billion in new funds it raised in 2023. In a statement, Eclipse said that the firm has spent the past 11 years building an ecosystem of startups focused on national strength, sovereignty and security. "Companies in physical industries are built differently," it said. "We believed that, with the right partners, a new generation of builders could take the baton from the last wave of industrial innovators -- and go even farther." Eclipse's cash influx comes as investors pour money into so-called hard tech companies, driven by recent innovations in artificial intelligence technologies and geopolitical pressures. One such pressure, spurred by President Donald Trump's emphasis on international tariffs, has led to new efforts to revive US manufacturing. This year, Eclipse co-led a $220 million funding round for American manufacturing startup VulcanForms. Other companies that have recently attracted VC attention for technology beyond software include nuclear energy upstart Valar Atomics, which just hit a $2 billion valuation, and AI-for-robotics startup Physical Intelligence, which has been in talks for an $11 billion value. Meanwhile, defense tech company Anduril Industries Inc. has been in discussions with investors this year to raise money at a valuation of more than $60 billion.
Polymarket Unveils Stablecoin and Order Book Overhaul in Exchange Upgrade
The overhaul includes a rebuilt trading engine, upgraded smart contracts and a new collateral token called Polymarket USD. Polymarket is rebuilding a large part of its exchange infrastructure, pairing a stablecoin launch with a deeper overhaul of how trading works on the platform. The company is calling it its biggest change to date. In a post on X, the prediction market operator said the rollout will take place over the next few weeks and include a rebuilt trading engine, upgraded smart contracts and a new collateral token, Polymarket USD. The stated goal is fairly plain. Make trading smoother, improve the order book and reduce some of the friction users have complained about. What Polymarket is describing is not a light refresh. The upgrade appears to reach into the platform's technical core, including new contracts and a redesigned order book structure. One public summary of the rollout referred to it as CTF and CLOB v2, which suggests the company is reworking both market plumbing and execution mechanics rather than just adding a new token on top. That matters because prediction markets tend to live or die on usability. If spreads are messy, collateral handling feels clunky or orders do not settle cleanly, casual users usually do not stick around for long. The introduction of Polymarket USD is, in some ways, the most visible piece of the update. It gives the platform its own native collateral token, replacing a setup that appears to have relied on other stablecoin rails. There is a practical logic to that. A native collateral asset can make settlement, margining and interface design more coherent across the exchange. It also gives Polymarket more direct control over a core part of the user experience, which is usually where these platforms either become easier to use or remain awkward longer than they should.
Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from SEFINE USV | Taiwan News | Apr. 7, 2026 18:30
ST. JOHN'S, Newfoundland and Labrador, April 07, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces the successful integration and demonstration of its KATFISH towed synthetic aperture sonar and autonomous launch and recovery system (LARS) from SEFINE's RD-22 unmanned surface vessel (USV) in coordination with SEFINE SISAM (Strategic Unmanned Systems Research Center). The demonstration took place in Q1 2026 off the coast of İstanbul, Türkiye. "Recent developments underscore the importance of safeguarding critical maritime transit routes and underwater infrastructure, and autonomous mine countermeasure capabilities like KATFISH can play an important role in helping navies efficiently detect and classify mine-like objects," said Bernard Mills, Executive Vice President, Defence at Kraken Robotics. "By combining SEFINE's multi-role USV with Kraken's cutting-edge KATFISH and USV LARS, navies can deploy advanced technologies faster and more efficiently, strengthening defence and maritime security in increasingly complex environments." The demonstration focused on rapid detection and classification of mine-like objects and critical underwater infrastructure and was attended by several navies and government organizations. KATFISH delivered 3 cm x 3 cm resolution data at a range of 200 meters per side which was live streamed to a command center onshore, enabling real-time classification of contacts by operators with SEFINE SISAM's mission planning software. The same KATFISH and USV LARS were demonstrated from a UK Royal Navy in-service 11-meter ARCIMS USV in November 2025. These joint integrations mark a major step forward in delivering agile, modular, and cost-effective mine countermeasure capabilities for modern naval operations. A video of the demonstration can be viewed at https://youtu.be/JIXapiCCeSA. Figure 1: Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from a SEFINE RD-22 USV Figure 2: Kraken Synthetic Aperture Sonar imagery captured by KATFISH during the demonstration. ABOUT KRAKEN ROBOTICS INC. Kraken Robotics Inc. is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. On March 3, 2026, Kraken announced the acquisition of Covelya Group Limited (the "Acquisition"), a leading international provider of mission-critical underwater technology solutions operating through its subsidiary companies: Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd. The acquisition is expected to close during the second quarter of 2026, subject to the satisfaction of customary conditions and regulatory approvals. LINKS: www.krakenrobotics.com SOCIAL MEDIA: LinkedIn www.linkedin.com/company/krakenrobotics Twitter www.twitter.com/krakenrobotics Facebook www.facebook.com/krakenroboticsinc YouTube www.youtube.com/channel/UCEMyaMQnneTeIr71HYgrT2A Instagram www.instagram.com/krakenrobotics Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Global Marketing [email protected] Shant Madian, Director of Capital Markets [email protected] Kraken Robotics Inc. +1 709-757-5757 [email protected] Photos accompanying this announcement are available at:
Inside the SpaceX founder factory -- and the race to solve the next generation of impossible problems
Across the deep well of companies founded by SpaceX alums, you'll notice that many are tackling problems that to a nonexpert might seem to teeter along the edge of what's currently imaginable. There's Airhart Aeronautics, cofounded and led by Nikita Ermoshkin, a former SpaceX avionics systems and integration engineer, which is building personal airplanes designed with a simple control panel that (the hope is) anyone, basically, could fly. At SpaceX, Jaret Matthews was a mechanism group leader for the Dragon spacecraft. His company, Astrolab, is currently developing commercial planetary rovers that could soon land on the moon, and one day traverse the Martian surface. Notably, most SpaceX alumni founders don't stay in the space industry. Only about 17% of them are now pursuing opportunities there. Still, lessons carry over. Tamir Blum, a SpaceX alum who designs vehicles for agriculture through his company Kisui, notes that, like space vehicles, farming rovers also have to navigate difficult and "unpredictable" environments. Blum is an exemplar of how even more Earthbound founders tend to remain focused on challenges rooted in the physical world, devoting their efforts to remaking agriculture, construction and housing, energy, manufacturing, and transportation. Some also focus on defense applications and weapons development, and seek to follow in SpaceX's footsteps of capitalizing, sometimes heavily, on U.S. government contracts. Many of the companies have clustered around where these employees used to work. Until 2024, SpaceX headquarters was in Hawthorne, California, south of Los Angeles. (Its Falcon mission control is still located there.) In the process, they're creating a new industrial sector for the United States. See our map above to explore where. This focus on manufacturing is also notable because hard-tech startups tend to require far more startup capital than simpler software-based businesses. It's far easier to spin up an enterprise software company than it is to, say, build a factory and produce real hardware that works (and passes safety certifications). Even many of the enterprise software companies founded by SpaceX alums remain in the orbit of fabrication and hardware engineering issues. These include startups working on AI-enabled chip design (Bronco AI) and workforce agents designed for engineering teams (Navier AI). First principles, then scale Want to solve a big problem? Start by breaking it down into smaller pieces, until you're down to the core components. Sure, a rocket is made of engines and fuel tanks, but if you think more deeply, it's actually made of raw materials. This is the first principles approach that's integral to SpaceX's pedagogy. In the SpaceX mindset, fixing a problem begins with reducing it to its simplest constituent elements, not making piecemeal or marginal improvements to whatever solutions currently exist. This approach has plenty of corollaries. One is the "idiot index," a Musk idiom meant to explain how much an industry might be paying (in his view, overpaying) for turning core materials into a finished project. Another sequela: Question everything, including supervisors and requirements. The motive, ex-SpaceX employees explain, is to disrupt the normal way of doing things so that you have a far more creative source for innovative answers to problems. As a result of this kind of approach, NASA says the cost of sending a kilogram of payload to low-Earth orbit has dropped from about $55,000 -- on the space agency's Shuttle -- to less than $3,000. "Nobody's really going to stop you if you want to try things," says Karthik Gollapudi, who worked as a Dragon flight software lead before starting Sift, a company that develops software for vehicle telemetry. "Try a lot of different things and learn really quickly, as opposed to being very slow and methodical. Sometimes you iterate your way to success faster." The relentless push to question requirements (and the expertise of longtime aerospace institutions) could come with downsides, says Scarlett Koller, who worked as a certification engineer on life control systems before eventually creating Mithril, a startup that designs antenna technology for space. "SpaceX always has a massive chip on their shoulder, about [how we] all don't get caught up in requirements, and we're not like traditional aerospace," she tells me. "There was a lot of dismissing of expertise, especially if it came from a source that was perceived as slow or outdated." Still, many people have joined SpaceX after working at NASA or Boeing and Northrop Grumman, traditional space and defense firms. These include some of SpaceX's best-known alumni, such as Laura Crabtree (cofounder and CEO of Epsilon3), Brogan BamBrogan and Jeff Overbeek (founders of Ethos Space), and Tom Mueller (SpaceX's first employee and founder of Impulse Space). Betting on young people One way SpaceX avoids employees with preconceived notions is to "hire a lot of interns, a lot of young folks," says Sift's Gollapudi. What's so special about a SpaceX internship? First, to get one often requires undergoing the same interview process as those conducted for full-time positions. (Want a sense of what a SpaceX interview is like? Check out Snubber, founded by former SpaceX intern and employee Arpita Bhutani, a practice platform for getting highly technical jobs at SpaceX, Anduril, and other hard tech companies.) Interns are also given real work to do. It is neither menial scut work nor a glorified summer camp like internships in some white-collar career tracks. Gollapudi's cofounder, Austin Spiegel, worked on SpaceX's proprietary enterprise resource planning system as an intern. Lewis Jones, cofounder of Cosmic Robotics, was an avionics mechanical design engineer during his internship. And so it goes. The benefits are mutual: A SpaceX internship can prove transformational in changing the trajectory of a career. Michelle Lee originally thought she would pursue a career in chemical engineering, but after interning at SpaceX in 2015, where she focused on vehicle engineering, she realized she wanted to build for the physical world -- and take on a far more enterprising challenge. "If you have an incredibly ambitious mission, like, 'We're going to colonize Mars,' and you get a group of very smart people together, you basically can bend reality," she tells me. Lee is now trying to bend reality in her own way as founder and CEO of Medra, which aims to scale the production of scientific research, and new discoveries, through artificial intelligence. Her idea: You can accelerate the pace of research by automating one of the fundamental inputs -- lab work -- with robotics. Fast Company ultimately identified 94 former interns who have gone on to found companies, 33 of whom first worked at SpaceX full-time. Vertical integration, horizontal organization, infinite expansion The people who succeed at SpaceX, whether they started working there while still teenagers or after a career at Boeing, are experts at identifying chokepoints in a process, solving them, and therefore accelerating development. "We didn't accept the status quo in manufacturing," says Jordan Black, who worked at SpaceX from 2018 to 2023. During his final years there, he focused on vehicle components, where "one of the biggest blockers was how quickly we could design or manufacture wire harnesses, whether internally or with external partners. . . . It made me question who was solving this problem." When he realized that no one was, Black started Senra Systems with fellow alum Benjamin Shanahan to develop better wire harnessing, a component used in everything from cars to rocket ships, to enable hardware to be built more quickly. In January, Black, who's CEO, announced that Senra is expanding significantly, opening an 80,000-square-foot factory in Cypress, California, a 5x increase in its production footprint. Indeed, a significant subset of companies founded by former SpaceX employees are focusing on rebuilding components, including radars, antennae, and other satellite parts, that choke up manufacturing and aerospace supply chains. Consider Benassi's Apex, which now has a factory in Southern California devoted to building satellite buses along a slick production line, similar to SpaceX's own approach to rocket assembly. "The more twists and turns you have to take, the harder it is, right?" says Benassi, who serves as CTO. "Imagine going through a maze versus if you were just walking a straight line. That's about as simple as it gets, as fast as it gets." To manufacture and improve at scale, Apex places heavy emphasis on vertical integration, including making critical components like batteries and power systems in-house. A preference for vertical integration has long been linked to SpaceX, but also hastened by consolidation trends in the aerospace industry and declining demand for aerospace defense spending after the Cold War. Converting doubt into fuel Contravening convention inevitably attracts guffaws from rivals and the media and draws ire from regulators, which helps SpaceX employees build what they describe as, essentially, a high tolerance for haters. "It was just a constant stream of negativity from the rest of the U.S. space industry, the Russians [were] making fun of us constantly. . . . It just felt like the world was against us," says Reliable Robotics's Rose, who started at SpaceX in 2009. So when the Falcon 9 became the first orbital-class rocket booster ever to land vertically in 2015, he recalls an "Oh my god kind of sensation, this weird, euphoric feeling that we can do anything." At Reliable Robotics, Rose has been emboldened to pursue the daring and futuristic goal of developing autonomous, remotely operated aircraft. "We have an entire aviation industry that thinks what we're doing is either totally impossible, never going to get certified, [or that] nobody's going to buy it," he says. "Pilots aren't going to allow it. Everybody's going to fight against it." Because of his experience, he says, he's "able to quickly switch that off. Like, this isn't helpful." Extreme SpaceX values Tyler Habowski is working on the problem of mimicking human hands at his startup Kyber Labs, a sort of final frontier of manufacturing dexterity. He recalls, as a child, hearing his parents, who both worked at Boeing, complaining about how other divisions were creating problems for their respective teams. He juxtaposes this mentality to the attitude at SpaceX, where he worked for five years as a mechanical design engineer. "If you're a responsible engineer, you're not just responsible for your part, you're responsible for the entire thing," he explains. While SpaceX believes in the principle of "extreme ownership" (a trait it shares with its fellow founder factory Palantir), it's not to the exclusion of how one team's work depends on, and integrates with, whatever other teams are working on. That means asking better questions of the teams working adjacent to you, being prepared for failure, and integrating conservatism into your expectations. Another SpaceX value that alums say they bring to future organizations is to learn as much as possible from the experiments you conduct. This comes with an emphasis on understanding how systems might work in real-world conditions, as soon as possible. "The pace of execution -- build, test, improve -- and the willingness to take on extremely difficult engineering challenges had a lasting impact," says Kisui's Blum. He says Kisui has worked on more than 10 different versions of its farming rover, Adam, over the course of three years in pursuit of strong off-road performance. In a similar vein, Apex's Benassi says his company tests hardware performance on-site, particularly final mechanical vibration testing, to support vertical integration. When Habowski pitches investors on Kyber, he says he's distilled what his company has taken from SpaceX as part of his slide deck, including: * "mission clarity" * "scrappy innovation" * "vertical integration" Medra's Lee has also delineated her company's values, and she acknowledges that such principles as "why not faster" and "challenge all constraints (except physics)" come directly from what she learned at SpaceX. The value of the SpaceX badge Another way in which the SpaceX method of thinking and doing will ripple through the economy is via investors, some of whom are also SpaceX alums. After all, they've seen up close how transformative working there can be. Interlagos, founded by Achal Upadhyaya and Tom Ochinero, places a heavy emphasis on manufacturing and science-focused businesses. Among the alum-led companies Interlagos has invested in are Benassi's Apex and Reed Ginsberg's Shinkei, a novel robotics company that enables fishermen to kill their catch at sea and preserve peak freshness. Innovation Endeavors, while not founded by SpaceX alums, hosts meetups with people who worked at the company and are now building their own. Cantos Ventures is another firm early to the potential in ex-SpaceX enterprises, backing not only Shinkei but also the nuclear reactor startup Radiant, founded by Doug Bernauer, and the hypersonic weapons manufacturer Castelion, started by three alums: Bryon Hargis, Sean Pitt, and Andrew Kreitz. Recruiters are another vector by which the SpaceX ethos is spreading. Half a dozen former SpaceX employees, most of whom worked in technical recruiting while there, have set up shop to help companies find and vet high-caliber talent. Yet having SpaceX on your résumé is not yet a surefire path to being funded for your next venture. Although one website tracking SpaceX-led ventures, Alumni Founders, calculates that SpaceX graduates have raised nearly $12 billion in total, founders are mixed as to its current value. Sift's Gollapudi, who has raised $67 million to date, per PitchBook, notes that the SpaceX mentality can sometimes be an acquired taste for investors. "A lot of venture capital tends to be very pattern-matching oriented," he argues. "First principles thinking isn't always pattern-matching . . . it's more about how to get to the goal the fastest." Alums say that working at SpaceX means having the ego beaten out of you, because there's always someone smarter than you, humbling you, in the room. They often describe the company culture as "logic first," a principle that shapes how employees talk to each other: Ideas matter more than titles, and criticisms come before compliments. Conversely, Kyber's Habowski, who's raised $1.7 million in pre-seed funding, says he's been encouraged to emphasize his SpaceX credentials far earlier in his pitch deck. With SpaceX's public offering on the near horizon, there's a strong likelihood that the wealth it creates will give many more SpaceX employees the ability to pursue their own startups (and invest in their fellow alumni's ideas). It will also give the hundreds of companies currently run by former SpaceX employees the opportunity to prove that their fantastical efforts are, in fact, plausible. "Time is like the great equalizer in that case," Gollapudi notes. "All these X-basis companies, you see them compounding, and maybe they aren't as hyped out of the gate, but they compound, and in the long term, they're in a much better place." -- Additional research by David Lidsky
Anthropic's $30 Billion Revenue Run Rate Signals a New Power Center in Artificial Intelligence
Anthropic has crossed $30 billion in annualized revenue. That number, disclosed by the company itself, marks one of the fastest revenue ascents in the history of enterprise technology -- and it fundamentally reshapes the competitive calculus in the artificial intelligence industry. The San Francisco-based AI company, maker of the Claude family of models, confirmed the milestone in recent days, as first reported by The Information. To put the figure in context: Anthropic reportedly hit a $2 billion annualized revenue run rate roughly a year ago. That's a fifteen-fold increase in approximately twelve months. Not a typo. Fifteen-fold. The acceleration raises immediate questions about whether Anthropic can sustain this trajectory, what's driving the surge, and how it alters the balance of power in a market long assumed to be OpenAI's to lose. It also tests the limits of what investors and analysts thought they understood about the AI business model itself -- whether these companies are glorified research labs burning cash or genuine commercial juggernauts capable of generating returns on the tens of billions pouring into them. Anthropic's revenue growth has been propelled by a combination of enterprise contracts, API usage, and its consumer-facing Claude chatbot. The company has been particularly aggressive in courting large enterprise customers, positioning Claude as a reliable, safety-focused alternative to OpenAI's GPT models and Google's Gemini. Amazon Web Services has been a critical distribution channel; Amazon has committed up to $8 billion in investment in Anthropic and made Claude available through its Bedrock platform, giving the startup access to AWS's enormous corporate customer base. But distribution alone doesn't explain a number this large. Something structural is happening. The AI industry has entered a phase where usage-based revenue is compounding at rates that defy traditional SaaS growth curves. Companies aren't just experimenting with AI anymore -- they're embedding it into production workflows, customer service pipelines, coding environments, and internal knowledge systems. Every query, every API call, every token processed generates revenue for the model providers. And as enterprises scale these deployments, the meter keeps running. Anthropic's Claude 3.5 Sonnet model, released in 2024, became a particular favorite among developers for coding tasks, and the more recent Claude 4 family has extended that lead in several benchmarks. The company's emphasis on longer context windows and more reliable instruction-following has resonated with enterprise buyers who need models that don't hallucinate their way through compliance-sensitive tasks. That reliability premium -- the willingness of corporations to pay more for a model they trust -- is becoming a genuine competitive moat. The $30 billion run rate also reframes Anthropic's recent fundraising. The company raised $2 billion in a round led by Lightspeed Venture Partners in March 2025, reportedly at a $61.5 billion valuation. At the time, some observers questioned whether that valuation was sustainable. At $30 billion in annualized revenue, the price-to-sales multiple drops to roughly 2x -- a figure that would be considered cheap for a high-growth software company, let alone the hottest sector in technology. Of course, annualized run rate is not the same as booked annual revenue, and profitability remains a separate question entirely. Anthropic's compute costs are staggering; training frontier models requires billions of dollars in GPU clusters, and inference at scale isn't cheap either. Still, the revenue figure gives Anthropic a powerful narrative for its next fundraising round -- and there will be a next round. The company has signaled plans to raise additional capital, and a $30 billion top line makes the conversation with investors considerably easier. OpenAI, Anthropic's most direct competitor and the company most immediately affected by this news, has been on its own aggressive growth path. OpenAI reportedly reached $5 billion in annualized revenue by late 2024, with projections suggesting much higher figures for 2025. The company recently closed a massive funding round at a $300 billion valuation. But Anthropic's disclosed number -- if accurate and sustained -- suggests the gap between the two may be narrower than many assumed, at least on the revenue side. OpenAI retains advantages in brand recognition, consumer adoption through ChatGPT, and its deep partnership with Microsoft. But Anthropic is no longer the scrappy underdog. Not at $30 billion. Google, for its part, continues to invest heavily in its own Gemini models and has the advantage of integrating AI directly into Search, Workspace, and Cloud. But Google's AI revenue is harder to disaggregate from its broader cloud and advertising businesses, making direct comparisons difficult. What's clear is that the three-way race between OpenAI, Anthropic, and Google is intensifying, with Meta's open-source Llama models applying pressure from a different direction entirely. The broader implications for the AI industry are significant. A $30 billion run rate from a company founded in 2021 validates the thesis that AI model providers can build enormous businesses, not just enormous research operations. It also validates the bet that enterprise AI adoption would accelerate faster than skeptics predicted. For years, the knock on generative AI was that the technology was impressive but the business model was unclear -- that inference costs would eat margins, that competition would commoditize models, that enterprises would be slow to adopt. Anthropic's number punches a hole in all three arguments simultaneously. That said, the sustainability question looms. Annualized revenue run rates can be misleading. They take the most recent period's revenue and extrapolate it across a full year, which means a single strong quarter -- or even a single large contract -- can inflate the figure. Anthropic hasn't disclosed its monthly revenue trajectory, churn rates, or net revenue retention metrics. And in a market where enterprises are still experimenting with which AI provider to standardize on, switching costs remain lower than in mature software categories. Today's $30 billion could look very different in six months if a competitor releases a significantly better model or undercuts on pricing. Pricing pressure is real. The cost per token for frontier AI models has been declining rapidly, driven by competition and improvements in inference efficiency. Anthropic, OpenAI, and Google have all cut API prices multiple times. If revenue is growing despite falling prices, that implies volume growth is more than compensating -- a healthy sign. But it also means these companies are on a treadmill: they must continually expand usage just to maintain revenue, let alone grow it. Then there's the cost side. Anthropic's infrastructure spending is enormous and growing. The company relies heavily on Amazon's custom Trainium chips and Nvidia's GPUs for both training and inference. Every new model generation requires more compute, more data, more engineering talent. Anthropic employs some of the most highly compensated researchers in the industry, many of them recruited from Google Brain and OpenAI. The company's burn rate, while not publicly disclosed, is widely believed to be substantial. Revenue of $30 billion is impressive. Profit of $30 billion would be transformative. Those are very different things. Anthropic CEO Dario Amodei has been vocal about the company's safety-first approach to AI development, arguing that building commercially successful AI and building safe AI are not in conflict. The revenue milestone gives that argument more weight. If Anthropic can grow this fast while maintaining its emphasis on constitutional AI, interpretability research, and responsible scaling policies, it undermines the claim that safety-focused development is a competitive handicap. And the timing matters. Washington is paying closer attention to AI companies than ever before, with ongoing debates about regulation, export controls on AI chips, and the national security implications of frontier models. A company that can point to both rapid commercial growth and a credible safety record is better positioned to influence those policy conversations than one that can claim only one or the other. For the venture capital and growth equity firms that backed Anthropic early -- including Google, which invested $2 billion, Spark Capital, and Menlo Ventures -- the $30 billion figure represents a vindication of what were, at the time, extraordinarily large and risky bets. Anthropic has raised over $15 billion in total funding. At a $30 billion revenue run rate, those investments are starting to look not just defensible but potentially historic. The AI industry is moving at a pace that makes conventional analysis difficult. Twelve months ago, a $30 billion run rate for Anthropic would have seemed fantastical. Now it's a data point. The question is what the next twelve months bring -- whether this growth curve continues, flattens, or accelerates further as AI becomes embedded in more of the global economy. For Anthropic's competitors, investors, and customers, the answer to that question will shape billions of dollars in decisions. One thing is already clear. The era of treating AI startups as speculative science projects is over. Anthropic is a $30 billion revenue business. Act accordingly.
SpaceX's Potential IPO Could Hog The 2026 Listing Calendar
A giant SpaceX debut could pull investor cash and banker bandwidth away from other deals, forcing would-be issuers to delay or price more carefully in a still-thin US IPO market. SpaceX is edging closer to an initial public offering (IPO) that Reuters says could value it around $75 billion - and bankers are already planning for it as a likely 2026 blockbuster. What does this mean? A deal that big can soak up investor cash and underwriter bandwidth, leaving less room for other large floats. With few close peers, pricing could be tricky - big institutions may argue harder over what the rocket maker and its Starlink unit are really worth. Timing adds pressure: the busiest IPO stretch is usually late spring to early summer, so a June target could nudge other issuers to delay, cut deal sizes, or accept lower valuations. That matters in an..
Chaos Labs Exits as Aave Crypto Risk Manager Amid Dispute
Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Aave $50 billion crypto TVL now operates without a dedicated risk manager - the direct consequence of Chaos Labs' exit, which strips the protocol of the firm responsible for pricing every loan on the platform since 2022 and managing liquidation thresholds, collateral factors, and interest rate parameters across all V2 and V3 markets. The departure follows the earlier exits of BGD Labs and Aave Chan Initiative, leaving Aave with no remaining technical contributors from its V3 build team at precisely the moment V4 demands dual-stack oversight. The mechanism is a governance dispute over compensation structure and risk philosophy - but the structural exposure is a protocol-risk vacuum landing on a $50 billion balance sheet mid-migration. Discover: Best Crypto Exchanges for Active DeFi Traders in 2025 What Chaos Labs Actually Did at Aave Crypto - and Why Its Exit Creates a Structural Gap The real story isn't that a vendor relationship ended. It's that Aave's core risk infrastructure, the system that determined which assets could be used as collateral, at what ratios, with what liquidation buffers - was built and maintained by a single external firm now walking out during the most complex protocol upgrade in Aave's history. Chaos Labs priced every loan initiated on Aave from November 2022 through the present, managing risk parameters across V2 and V3 deployments spanning more than a dozen networks. That scope includes liquidation threshold calibration, interest rate curve configuration, and collateral factor adjustments - the parameters that determine whether a $50 billion lending platform absorbs volatility or generates cascading bad debt. Goldberg stated on X that Chaos achieved zero material bad debt during this tenure, a claim that carries weight given the scale of assets under management. The governance dispute crystallized around three compounding pressures. First, Aave Labs' proposed $5 million annual budget - approximately 3.5% of Aave's $142 million in 2025 protocol revenue - fell short of what Chaos calculated as cost recovery after three years of operational losses. Risk and compliance functions at traditional financial institutions absorb 6-10% of revenue; Chaos was being asked to operate at roughly half that floor while taking on materially greater complexity. Second, V4's hub-and-spoke architecture requires building from scratch: new infrastructure, new liquidation simulations, and new oracle integrations for asset classes Aave has not previously managed. Goldberg described it plainly - "going from zero to one again on a codebase that has not yet been battle-tested." Third, and structurally most significant: the legal liability question for DeFi risk managers remains entirely unresolved. A March 2026 oracle misconfiguration - a Chaos Labs CAPO risk agent feeding an inaccurate price ratio for staked Ether - triggered $26.9 million in erroneous liquidations. No regulatory safe harbor exists for DeFi risk managers operating at this scale. As DeFi governance disputes increasingly surface legal and ethical liability questions, the undefined exposure attached to managing $50 billion in lending parameters is no longer theoretical - it is priced into the decision to walk away. Aave Labs CEO Stani Kulechov pushed back on the urgency framing, stating that V4 is additive and V3 migration carries no forced deadline. That may be true at the protocol level. It does not resolve who manages V3 risk parameters while the replacement search runs - or who sets V4's initial collateral factors when the first major markets go live.
Anthropic overtakes IPO-bound OpenAI, hits record $30 billion RRR as Claude usage soars
Anthropic has recently shared news that could raise concerns for IPO-bound OpenAI. The company announced that its run-rate revenue (RRR) has now surpassed $30 billion, highlighting the growing popularity of the company. Run-rate revenue is a financial projection method that estimates future annual revenue based on current performance. The figure is remarkable, especially considering that the company reported its RRR at $9 billion at the end of 2025. This development could become a major cause of concern for OpenAI, as the IPO-bound company appears to be lagging behind a relatively newer entrant. OpenAI's run-rate revenue as of March 2026 stands at $25 billion. Anthropic, which was founded in 2021, is relatively new to the space compared to OpenAI. For those wondering how Anthropic achieved this growth, the answer lies in Claude, a large language model developed by the company. The model has gained widespread popularity among users. Its Claude Code tool, an artificial intelligence system that can generate computer code based on prompts, has gone viral and shown record growth. The company said that in February, over 500 business customers were spending more than $1 million each on an annualised basis. That number has now exceeded 1,000, doubling in less than two months. Anthropic is also expanding its capacity to accommodate anticipated demand. The company has recently signed a new agreement with Google and Broadcom for multiple gigawatts of next-generation TPU capacity. According to the company, the new infrastructure is expected to come online starting in 2027. The expanded compute capacity will power its frontier Claude models. Anthropic has also recently added several new features to Claude to make it more versatile. From dispatch to computer use and remote work capabilities, Claude Code can now do far more than before, including testing apps it builds from scratch without needing to ask for your permission. Computer use gives the AI greater capability when it comes to autonomous tasks. The system can now open applications, navigate interfaces, run tests, identify bugs, and fix them autonomously. Meanwhile, the rise in popularity has also brought some issues. Users have recently reported that they are unable to fully utilise Claude because their token limits are being consumed faster than expected. The company acknowledged the issue and issued an immediate fix. After a thorough investigation on April 3, it said that most of the high consumption, or "burn", of tokens was caused by a small number of specific usage patterns that required large amounts of tokens. It has promised to roll out more efficiency improvements.
Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from SEFINE USV
ST. JOHN'S, Newfoundland and Labrador, April 07, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces the successful integration and demonstration of its KATFISH towed synthetic aperture sonar and autonomous launch and recovery system (LARS) from SEFINE's RD-22 unmanned surface vessel (USV) in coordination with SEFINE SISAM (Strategic Unmanned Systems Research Center). The demonstration took place in Q1 2026 off the coast of İstanbul, Türkiye. "Recent developments underscore the importance of safeguarding critical maritime transit routes and underwater infrastructure, and autonomous mine countermeasure capabilities like KATFISH can play an important role in helping navies efficiently detect and classify mine-like objects," said Bernard Mills, Executive Vice President, Defence at Kraken Robotics. "By combining SEFINE's multi-role USV with Kraken's cutting-edge KATFISH and USV LARS, navies can deploy advanced technologies faster and more efficiently, strengthening defence and maritime security in increasingly complex environments." The demonstration focused on rapid detection and classification of mine-like objects and critical underwater infrastructure and was attended by several navies and government organizations. KATFISH delivered 3 cm x 3 cm resolution data at a range of 200 meters per side which was live streamed to a command center onshore, enabling real-time classification of contacts by operators with SEFINE SISAM's mission planning software. The same KATFISH and USV LARS were demonstrated from a UK Royal Navy in-service 11-meter ARCIMS USV in November 2025. These joint integrations mark a major step forward in delivering agile, modular, and cost-effective mine countermeasure capabilities for modern naval operations. A video of the demonstration can be viewed at https://youtu.be/JIXapiCCeSA. 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. Advertisement Figure 1: Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from a SEFINE RD-22 USV Advertisement Figure 2: Kraken Synthetic Aperture Sonar imagery captured by KATFISH during the demonstration. ABOUT KRAKEN ROBOTICS INC. Kraken Robotics Inc. is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Advertisement Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. On March 3, 2026, Kraken announced the acquisition of Covelya Group Limited (the "Acquisition"), a leading international provider of mission-critical underwater technology solutions operating through its subsidiary companies: Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd. The acquisition is expected to close during the second quarter of 2026, subject to the satisfaction of customary conditions and regulatory approvals. LINKS: Advertisement www.krakenrobotics.com SOCIAL MEDIA: LinkedIn www.linkedin.com/company/krakenrobotics Twitter www.twitter.com/krakenrobotics Advertisement Facebook www.facebook.com/krakenroboticsinc YouTube www.youtube.com/channel/UCEMyaMQnneTeIr71HYgrT2A Instagram www.instagram.com/krakenrobotics Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Advertisement Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Global Marketing [email protected] Shant Madian, Director of Capital Markets [email protected] Kraken Robotics Inc. +1 709-757-5757 [email protected] Photos accompanying this announcement are available at:
How a $75B SpaceX IPO Could Reshape the Fragile US IPO Market
SpaceX's massive potential IPO -- seeking up to $75 billion at a valuation around $1.75 trillion -- could dominate investor attention, suppressing other 2026 listings and delaying broader IPO activity. How a Record SpaceX IPO Could Transform the US IPO Market in 2026 By Manya Saini April 7 (Reuters) - As Elon Musk's SpaceX closes in on a $75 billion IPO that could rewrite record books, concerns are mounting that others looking to list in 2026 may find it harder to get deals done under the shadow of the space venture's headline-grabbing debut. U.S. markets, prized for their depth, face a critical test, as more than half a dozen analysts and industry experts told Reuters that the SpaceX deal would likely absorb an outsized share of investor demand, squeezing out other hopefuls. The Impact of a SpaceX IPO on the US IPO Market Investor Demand and Market Dynamics "History tells us that a mega IPO like SpaceX can suck up the oxygen in the market. We saw that with Facebook in 2012," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. "IPOs are a major marketing event, and companies wouldn't want the noise from a SpaceX offering to drown out coverage of their own deals. So, listing activity may die down a bit during the weeks surrounding the SpaceX IPO." Companies have waited years on the sidelines for favorable IPO conditions after a prolonged dry spell. A listing like SpaceX, with its celebrity billionaire CEO, hot industry and deep-pocketed backers, could have provided the jolt others need to push ahead. Instead, its sheer scale threatens to overshadow others, with Wall Street banks and investors pouring a majority of their attention, and money, into the operator of the Starlink constellation of satellites. Thirty-five IPOs have priced so far this year, according to data from Renaissance Capital, down 37.5% from a year earlier. That could worsen in the months ahead, clouding hopes of a broader market resurgence in 2026. Disruptions and Challenges Facing the IPO Market External Disruptions DISRUPTIONS WEIGH ON IPO MARKET The IPO market has lined up its biggest pipeline in decades, analysts and bankers said. But the war in Iran, spiking oil prices, private credit concerns and AI-led disruption to legacy software firms have set a high bar for which deals successfully break through the volatility - and which ones get left behind. Now, alongside these disruptions, companies eyeing IPOs must also compete for attention in a market dominated by SpaceX headlines. Opportunities for Smaller Listings While bankers will probably advise their biggest clients against competing against SpaceX, smaller listings may benefit, said Michael Ashley Schulman, partner at wealth management firm Cerity Partners. "Smaller IPO debuts may benefit from a tag-along effect in retail enthusiasm that could mentally lump IPOs together under the assumption that if one does well, others will too," he said. Anticipating More Mega Deals Timing and Market Windows MORE MEGA DEALS TO COME Timing an IPO is often as crucial to a listing's success as the company's fundamentals. May through June is typically the best window before a summer lull that defers larger offerings to the fall. While Musk is hoping to take SpaceX public in June, according to bankers, OpenAI and rival Anthropic are reportedly aiming for a debut in the second half of the year. Potential Market Saturation "The attention that these mega IPOs take from the market could push a broadly open IPO window into 2027," PitchBook analyst Kyle Stanford said in a report. The report added that if SpaceX raises between $50 billion and $75 billion, while OpenAI and Anthropic raise another $50 billion combined, that would roughly match the total raised by U.S. VC-backed company IPOs over the past decade. "Media attention is not the only thing these mega IPOs could absorb. IPO underwriting would be constrained by the amount these companies are able to raise," Stanford wrote. 'Muskonomy' and Market Realities Uncharted Territory for Investors 'MUSKONOMY' VS MARKET REALITIES To be sure, it's uncharted territory - no offering of this size has been attempted before. Analysts and experts said the absence of any clear precedent or comparable listing leaves investors with little to anchor expectations, making it harder to gauge how the market will respond to SpaceX's IPO. "SpaceX is going to be big, no doubt about it," said James Angel, faculty affiliate at Georgetown McDonough's Psaros Center for Financial Markets and Policy. "The combination of well-known brands like X and Starlink, along with the magic of AI, the dream of space, and Musk's magic means that the investment bankers will have little trouble generating interest in the stock." The Power and Limits of the 'Muskonomy' Elon Musk has built a track record of pulling in investor demand across cycles, with his ventures often dominating attention. His empire, dubbed "Muskonomy" by analysts, creates a concentration of capital that few offerings can match. That concentration of investor interest is not just theoretical, it has played out in past listings. Musk's EV maker Tesla raised $226 million in its 2010 IPO at a market value of about $1.6 billion. It is now the world's most valuable automaker, worth more than $1.3 trillion. Market Caution and Future Outlook But even that track record and investor appeal may not be enough in today's IPO market, analysts cautioned. "We don't believe that SpaceX can escape the realities of the U.S. IPO marketplace, in the sense that it has become a buyer's market," said Josef Schuster, CEO of IPO research firm IPOX. "Even strong IPO candidates in hot sectors need to show flexibility in pricing their deal and potentially need to price downward for IPO success." Others warned that a wave of large listings could strain investor demand more broadly, particularly if multiple mega deals hit the market at the same time. "There is an old market saying that bull markets end when the money runs out, and there are plenty of historic examples where a deluge of IPOs and new stock market entrants, and then subsequent secondary offerings, meant sellers eventually swamped buyers," AJ Bell investment director Russ Mould said. (Reporting by Manya Saini in Bengaluru; Editing by Dawn Kopecki, Noor Zainab Hussain and Saumyadeb Chakrabarty)
Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from SEFINE USV | Weekly Voice
ST. JOHN'S, Newfoundland and Labrador, April 07, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces the successful integration and demonstration of its KATFISH towed synthetic aperture sonar and autonomous launch and recovery system (LARS) from SEFINE's RD-22 unmanned surface vessel (USV) in coordination with SEFINE SISAM (Strategic Unmanned Systems Research Center). The demonstration took place in Q1 2026 off the coast of İstanbul, Türkiye.
Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from SEFINE USV
ST. JOHN'S, Newfoundland and Labrador, April 07, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces the successful integration and demonstration of its KATFISH towed synthetic aperture sonar and autonomous launch and recovery system (LARS) from SEFINE's RD-22 unmanned surface vessel (USV) in coordination with SEFINE SISAM (Strategic Unmanned Systems Research Center). The demonstration took place in Q1 2026 off the coast of İstanbul, Türkiye. "Recent developments underscore the importance of safeguarding critical maritime transit routes and underwater infrastructure, and autonomous mine countermeasure capabilities like KATFISH can play an important role in helping navies efficiently detect and classify mine-like objects," said Bernard Mills, Executive Vice President, Defence at Kraken Robotics. "By combining SEFINE's multi-role USV with Kraken's cutting-edge KATFISH and USV LARS, navies can deploy advanced technologies faster and more efficiently, strengthening defence and maritime security in increasingly complex environments."
Anthropic Expands Use of Google Cloud and TPUs
Latest expansion will provide Anthropic with multiple gigawatts of TPU capacity SUNNYVALE, Calif., April 6, 2026 /PRNewswire/ -- Anthropic today announced an expansion of its use of TPU chips and cloud services, as it scales its development of foundation models, agents, and enterprise applications. The expansion will provide Anthropic with multiple gigawatts of TPU capacity, expected to come online starting in 2027. This capacity expansion will be delivered through Google Cloud services, as well as access to Google-built TPUs supplied through Broadcom. The additional TPU capacity will support rapidly scaling needs for Anthropic's models. Anthropic also continues to grow its use of Google Cloud's broader cloud and AI solutions, including BigQuery, Cloud Run, AlloyDB, and others, which together help power Anthropic's data, AI development, and applications. Today, thousands of customers access Claude models through Google Cloud, including Coinbase, Cursor, Palo Alto Networks, Replit, and Shopify. About Google Cloud Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner. View original content to download multimedia:https://www.prnewswire.com/news-releases/anthropic-expands-use-of-google-cloud-and-tpus-302735047.html SOURCE Google Cloud
Anthropic Ties Up with Broadcom, Google for AI Chips
San Francisco: Anthropic on Monday announced a deal with Google and Broadcom for a massive infusion of computing capacity as demand for the startup's artificial intelligence offerings soars. The San Francisco-based AI firm is on pace to bring in some $30 billion in revenue this year, up from a $9 billion "run-rate" at the end of last year, it said in a blog post. "We are making our most significant compute commitment to date to keep pace with our unprecedented growth," Anthropic chief financial officer Krishna Rao said in the blog post. "We are building the capacity necessary to serve the exponential growth we have seen in our customer base while also enabling Claude to define the frontier of AI development." Broadcom has entered a long-term agreement with Google to supply future generations of the internet giant's tensor processing units (TPUs) tailored to power AI in datacenters, according to a filing with the Securities and Exchange Commission. Separately, Broadcom and Google expanded a collaboration to give Anthropic access to about 3.5 gigawatts of TPU-based compute capacity to start coming online next year, the filing indicated. Most of the TPU compute power will be sited in the United States, according to the startup. Anthropic has been locked in a dispute with the US government since the company infuriated Pentagon chief Pete Hegseth by insisting its technology should not be used for mass surveillance or fully autonomous weapons systems.
Chaos Labs Exits Aave Role as Governance Dispute Deepens Ahead of V4
Founder Omer Goldberg said the split reflects a deeper disagreement with Aave Labs over how risk should be handled as Aave V4 expands the protocol's scope. Chaos Labs is stepping away from Aave, and that is not a small contributor quietly rotating out. It is the protocol's top risk manager leaving in the middle of a broader governance rupture that has already pushed other core contributors toward the exit. In a post published Monday, Chaos Labs founder Omer Goldberg said the decision was not made lightly, but that the engagement with Aave no longer reflected how his team believes risk should be managed. He added that Aave Labs had acted professionally and even supported a larger budget, yet the two sides remained too far apart on the path forward. Goldberg pointed to three reasons for leaving. First, he said the engagement was not profitable. Second, he referenced the recent departures of BGD Labs and the Aave Chan Initiative, two other major contributors that have already announced exits amid the same wider dispute. Third, and most importantly, he described a fundamental misalignment with Aave Labs over risk management as Aave V4 broadens the protocol's design and flexibility. That last point matters more than the budgeting issue. Aave V4 is not just another routine upgrade. It changes the operating surface of the protocol, and that tends to make disagreements over guardrails much harder to paper over. The departure adds to the sense that Aave's internal balance has shifted. BGD Labs, which helped build key parts of the protocol's infrastructure, said earlier it would leave effective April 1. Marc Zeller's Aave Chan Initiative also announced plans to step back amid mounting governance tensions. For Aave, the immediate issue is continuity. Risk management does not draw much attention until it breaks, and large lending markets do not have much room for ambiguity there. As V4 moves closer, the protocol now has one less experienced hand in the room.
Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from SEFINE USV
Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces the successful integration and demonstration of its KATFISH towed synthetic aperture sonar and autonomous launch and recovery system (LARS) from SEFINE's RD-22 unmanned surface vessel (USV) in coordination with SEFINE SISAM (Strategic Unmanned Systems Research Center). The demonstration took place in Q1 2026 off the coast of İstanbul, Türkiye. "Recent developments underscore the importance of safeguarding critical maritime transit routes and underwater infrastructure, and autonomous mine countermeasure capabilities like KATFISH can play an important role in helping navies efficiently detect and classify mine-like objects," said Bernard Mills, Executive Vice President, Defence at Kraken Robotics. "By combining SEFINE's multi-role USV with Kraken's cutting-edge KATFISH and USV LARS, navies can deploy advanced technologies faster and more efficiently, strengthening defence and maritime security in increasingly complex environments." The demonstration focused on rapid detection and classification of mine-like objects and critical underwater infrastructure and was attended by several navies and government organizations. KATFISH delivered 3 cm x 3 cm resolution data at a range of 200 meters per side which was live streamed to a command center onshore, enabling real-time classification of contacts by operators with SEFINE SISAM's mission planning software. The same KATFISH and USV LARS were demonstrated from a UK Royal Navy in-service 11-meter ARCIMS USV in November 2025. These joint integrations mark a major step forward in delivering agile, modular, and cost-effective mine countermeasure capabilities for modern naval operations. ABOUT Kraken Robotics Inc. Kraken Robotics Inc. is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. On March 3, 2026, Kraken announced the acquisition of Covelya Group Limited (the "Acquisition"), a leading international provider of mission-critical underwater technology solutions operating through its subsidiary companies: Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd. The acquisition is expected to close during the second quarter of 2026, subject to the satisfaction of customary conditions and regulatory approvals. Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Global Marketing [email protected] Shant Madian, Director of Capital Markets [email protected] Kraken Robotics Inc. +1 709-757-5757 [email protected] Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/1288071a-5c85-4b0b-a8d5-1b3afea91ffa https://www.globenewswire.com/NewsRoom/AttachmentNg/53628da1-2c21-4ba9-9d6d-0ac0492880c3
Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from SEFINE USV
Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces the successful integration and demonstration of its KATFISH towed synthetic aperture sonar and autonomous launch and recovery system (LARS) from SEFINE's RD-22 unmanned surface vessel (USV) in coordination with SEFINE SISAM (Strategic Unmanned Systems Research Center). The demonstration took place in Q1 2026 off the coast of İstanbul, Türkiye. "Recent developments underscore the importance of safeguarding critical maritime transit routes and underwater infrastructure, and autonomous mine countermeasure capabilities like KATFISH can play an important role in helping navies efficiently detect and classify mine-like objects," said Bernard Mills, Executive Vice President, Defence at Kraken Robotics. "By combining SEFINE's multi-role USV with Kraken's cutting-edge KATFISH and USV LARS, navies can deploy advanced technologies faster and more efficiently, strengthening defence and maritime security in increasingly complex environments." The demonstration focused on rapid detection and classification of mine-like objects and critical underwater infrastructure and was attended by several navies and government organizations. KATFISH delivered 3 cm x 3 cm resolution data at a range of 200 meters per side which was live streamed to a command center onshore, enabling real-time classification of contacts by operators with SEFINE SISAM's mission planning software. The same KATFISH and USV LARS were demonstrated from a UK Royal Navy in-service 11-meter ARCIMS USV in November 2025. These joint integrations mark a major step forward in delivering agile, modular, and cost-effective mine countermeasure capabilities for modern naval operations. ABOUT Kraken Robotics Inc. Kraken Robotics Inc. is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. On March 3, 2026, Kraken announced the acquisition of Covelya Group Limited (the "Acquisition"), a leading international provider of mission-critical underwater technology solutions operating through its subsidiary companies: Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd. The acquisition is expected to close during the second quarter of 2026, subject to the satisfaction of customary conditions and regulatory approvals. Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Global Marketing [email protected] Shant Madian, Director of Capital Markets [email protected] Kraken Robotics Inc. +1 709-757-5757 [email protected] Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/1288071a-5c85-4b0b-a8d5-1b3afea91ffa https://www.globenewswire.com/NewsRoom/AttachmentNg/53628da1-2c21-4ba9-9d6d-0ac0492880c3
Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from SEFINE USV - Kraken Robotics (OT
The demonstration focused on rapid detection and classification of mine-like objects and critical underwater infrastructure and was attended by several navies and government organizations. KATFISH delivered 3 cm x 3 cm resolution data at a range of 200 meters per side which was live streamed to a command center onshore, enabling real-time classification of contacts by operators with SEFINE SISAM's mission planning software. A video of the demonstration can be viewed at https://youtu.be/JIXapiCCeSA. Figure 1: Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from a SEFINE RD-22 USV Figure 2: Kraken Synthetic Aperture Sonar imagery captured by KATFISH during the demonstration. ABOUT KRAKEN ROBOTICS INC. Kraken Robotics Inc. is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. LINKS: www.krakenrobotics.com Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Global Marketing [email protected] Shant Madian, Director of Capital Markets [email protected] Kraken Robotics Inc. +1 709-757-5757 [email protected] Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
