News & Updates
The latest news and updates from companies in the WLTH portfolio.
Louisiana bills giving tax breaks to aerospace companies like SpaceX get smooth sailing
A plan by Louisiana officials to give big tax breaks to attract aerospace companies to the state appears to be on a fast track after lawmakers on Tuesday swiftly advanced two bills without opposition. Both measures advanced out of the House tax committee first thing Tuesday morning, as legislators reconvened in Baton Rouge after an Easter break. While officials remained mum on whether any specific companies are in talks to locate here, they said the tax breaks would generally make Louisiana competitive for such aerospace projects. Asked whether he was trying to bring SpaceX or Blue Origin to Louisiana, Gov. Jeff Landry in a brief interview Tuesday afternoon said he would "love an opportunity to visit with either one of them to bring great jobs to Louisiana." Landry said that the recent Artemis II launch, which sent astronauts past the moon, shows that NASA's program is "robust," as are those of SpaceX and Blue Origin. "It seems like the space industry, the aerospace industry is doing extremely well, and we want to be positioned," the governor said. "We want to align Louisiana so that if they do come, we do get a great opportunity." Landry's chief of staff, Julie Emerson, told legislators in a committee meeting the tax breaks were necessary to stay in contention with other states for the projects. "Louisiana is trying to remain competitive with neighboring states and provide a welcoming environment to a new industry that is increasingly growing," Emerson said. "And we would like for it to grow its footprint here in Louisiana." Emerson in February gave up her spot as a state representative to become Landry's chief of staff. She had been chair of the House tax committee and in 2024 was instrumental in helping Landry pass a major tax reform package that slashed taxes for businesses. State Rep. Tony Bacala, R-Prairieville, the current committee chair who sponsored the aerospace tax break legislation, said Louisiana has been welcoming to oil and gas and petrochemical businesses and to Meta, which is building a mammoth new data center -- and now it's time to extend that welcome to the aerospace industry. "We're just making sure that the signals are sent to the right people," Bacala said. He noted that some companies want to move to a more business-friendly environment, and "we want to be on that list." Asked whether the legislation was meant to attract a particular business, Bacala said it is meant to attract a broad "category of business." Louisiana Economic Development Secretary Susan Bourgeois echoed that message. "Louisiana has a long history in aerospace and defense, and we just want to position ourselves to be able to capitalize on future opportunities," she told lawmakers Tuesday. Bourgeois said Louisiana is "mimicking" aerospace policies that already exist in Florida and Texas to compete with those states. "We want to attract any company that is making major investments in aerospace and defense," Bourgeois said in an interview Tuesday. State officials have declined to give details about any specific negotiations, and some have signed non-disclosure agreements that forbid them from doing so. "Have I historically signed NDAs that involve the space industry? Yes." Bourgeois said. "I've also historically signed NDAs that relate to every single industry operating in Louisiana." "It's not a standout," she said of NDAs related to aerospace project talks. What would the tax breaks do? House Bill 1088 would create state and local sales tax breaks for aerospace facilities that commit to large economic investments. Aerospace companies would have to commit to spend $1 billion in new capital investment by July 2031 and create 200 new, permanent full-time jobs to get state approval for an annual rebate of state and local sales tax. The state could end the arrangement if companies can't meet these two benchmarks. The sales tax rebate would be for equipment and services used directly in aerospace activities, including research, testing, manufacturing and space mission operations. A state-approved rebate would last for an initial term of 20 years, with an option to extend it for an additional 10 years. House Bill 1179 would expand eligibility for a property tax break program for investments in manufacturing facilities so that aerospace manufacturing and capital investments in aerospace manufacturing would be explicitly eligible for the program. That program, the Industrial Tax Exemption Program, or ITEP, reduces qualifying businesses' property taxes by 80% for an initial term of 5 years, with an option to extend it for an additional 5 years. And some "mega-projects" with capital expenditures of at least $500 million could be exempt from paying 100% of their property taxes under the ITEP program. Bourgeois said that state's return from these tax break programs is "far greater than the incentive itself to the company." The programs ultimately help develop new business sectors, create competitive jobs, grow wages, improve peoples' quality of life, and keep people in Louisiana, Bourgeois said.
Anthropic hits $30B run rate
Anthropic has hit a $30-billion annualized revenue run rate, tripling from $9 billion at the end of 2025, as demand for its Claude AI services accelerates, according to a report by Bloomberg. The company said enterprise adoption is driving growth, with more than 1,000 customers now spending over $1 million annually -- a figure that has doubled in recent months. To sustain the surge, Anthropic is deepening partnerships with Broadcom and Google to secure the computing power needed for large-scale AI deployment. The collaboration includes long-term chip supply agreements and access to massive computing capacity, positioning Anthropic to compete in an increasingly resource-intensive AI race. However, the company also faces regulatory headwinds, including a dispute with the US government over security concerns that could affect enterprise confidence and future revenue.
NRG Energy board member Abraham to resign April 3
NRG Energy Inc. (NYSE: NRG) announced that board member E. Spencer Abraham will resign from the board of directors effective April 3, 2026, citing personal reasons. Abraham informed the board of his resignation intention on April 2, 2026. The company stated his decision was not due to any disagreement with the company, management, or the board regarding operations, policies, or practices. The resignation aligns with previously disclosed succession planning. Abraham was not standing for re-election at the company's annual stockholder meeting scheduled for April 30, 2026, according to the company's proxy statement filed with the Securities and Exchange Commission on March 18, 2026.
Land chaos puts Keraniganj bus terminal project at risk
A major government plan to build an inter-district bus terminal in Keraniganj is at risk of derailment, as illegal structures and a parallel university project rapidly take over land officially designated for the facility, exposing years of institutional failure and raising fears of a costly misuse of public funds. The proposed terminal at Tegoria is intended to handle bus services between Dhaka and Barishal, as well as parts of Khulna division, forming a key component of efforts to ease congestion in the capital. But a recent visit to the site shows a starkly different reality: fruit warehouses, multi-storey buildings, and earth-filling work are advancing unchecked across the land. The crisis stems from a lack of coordination between the Dhaka South City Corporation (DSCC), the Rajdhani Unnayan Kartripakkha (RAJUK), and Jagannath University (JnU) - all of whom now have competing stakes in the same 30-acre area at Baghair Mouja. While DSCC has been conducting feasibility studies and preparing designs for the terminal, JnU has already begun developing around seven acres of the same land for a 10-storey residential hall. At the same time, private actors have occupied large portions of the site with commercial structures, significantly increasing the potential cost of land acquisition. RAJUK, however, insists the land was never meant for such uses. Chief Town Planner Md Ashraful Islam said the area had long been earmarked for a bus terminal under the Detailed Area Plan (DAP), and that any other use was a clear violation of planning rules. "We have shown the area as a designated place for a bus terminal in our detailed area plan, and the use of land for any commercial and other structure is not permitted," he said. "Even if the government does not use the land for the planned purpose, the landowners have to wait for five years to review the plan. Still, we have two years in hand to review, and before that, the structures were developed." He described the ongoing construction as illegal and pointed to enforcement failures within RAJUK itself, as well as delays by the city corporation. "The structures which are built there were illegal as we did not approve any construction there," he said. "It is the responsibility of the development control department of RAJUK and the concerned zone office to take care of the land." "Besides, the city corporation has failed as they could not produce a detailed design and a development proposal in the last five years to present to the government for development of the bus terminal." Planning documents suggest the situation has deteriorated sharply over time. A 2021 feasibility study by the Dhaka Transport Coordination Authority (DTCA) identified the Keraniganj site as suitable for a terminal, noting that it was then largely occupied by brickfields and would require minimal resettlement. At the time, only a handful of labour shelters, local homes and three brick kilns existed on the land, along with a big pond created by excavation for brick-making materials. But a more recent assessment commissioned by DSCC found that at least 130 structures, including 129 households and one madrasa, would now need to be relocated. Of these, 54 are landowners, while 75 are non-titleholders engaged in both residential and commercial activities. Officials warn that the growing number of structures could significantly inflate project costs and complicate implementation. On the ground, signs of speculative construction are evident. Khairuzzaman Sikder, a tea seller at a nearby fruit market, said the area remained largely vacant until rumours of government acquisition began circulating several years ago. "After people heard about possible government acquisition, many rushed to build structures on the vacant land," he said. "Some even started construction with rods, expecting compensation. But when the rumours faded, many were left disappointed." Despite the visible encroachment, no signboards marking government acquisition or restrictions on land use were found during the visit, and no effective measures appear to have been taken to halt development. DSCC officials acknowledge delays and confusion over land acquisition as a key factor behind the present situation. Rajib Khadem, Superintending Engineer of the Traffic Engineering Circle at DSCC, said earlier inaction allowed private development to spiral. "The previous administration moved slowly, which allowed landowners to develop their properties," he said. "This could have been prevented through the deputy commissioner's office, but there was confusion over land acquisition." He added that the government is now keen to move forward with the terminal, but coordination with JnU will be essential. "We will need to sit down with Jagannath University to coordinate our plans." An official from DSCC, speaking on condition of anonymity, warned that time is running out. "If the residential hall is completed and students are accommodated, it will be very difficult to implement the terminal project," he said. "Intervention is needed before construction advances further." The official said DSCC has already sought no-objection certificates from relevant agencies, including the Ministry of Housing and Public Works and the Department of Environment. JnU, however, maintains that it is acting within its rights. University sources say the land was purchased years ago, with development work beginning in June 2025. Its Chief Engineer, Md Helal Uddin Patwary, said the university had not been formally informed of the terminal plan. "We intend to construct a 10-storey residential hall for students as part of our long-standing plan," he said. "We have recently learned about the City Corporation's proposal, but no formal discussions have taken place." Transport experts warn that failure to resolve the dispute could undermine broader efforts to bring discipline to Dhaka's chaotic bus system. Dr SM Saleh Uddin, a member of the now inactive Bus Route Rationalisation Committee, said the terminal was a strategic necessity. "The proposal for a terminal outside Dhaka originates from the Strategic Transport Plan," he said. "Such infrastructure is essential for bringing discipline to the city's bus services." As competing claims intensify and construction continues unabated, the Keraniganj site has become a textbook case of planning breakdown - where delayed decisions, weak enforcement and institutional disconnect risk turning a critical transport project into yet another costly failure.
Land chaos puts Keraniganj bus terminal project at risk
A major government plan to build an inter-district bus terminal in Keraniganj is at risk of derailment, as illegal structures and a parallel university project rapidly take over land officially designated for the facility, exposing years of institutional failure and raising fears of a costly misuse of public funds. The proposed terminal at Tegoria is intended to handle bus services between Dhaka and Barishal, as well as parts of Khulna division, forming a key component of efforts to ease congestion in the capital. But a recent visit to the site shows a starkly different reality: fruit warehouses, multi-storey buildings, and earth-filling work are advancing unchecked across the land. The crisis stems from a lack of coordination between the Dhaka South City Corporation (DSCC), the Rajdhani Unnayan Kartripakkha (RAJUK), and Jagannath University (JnU) - all of whom now have competing stakes in the same 30-acre area at Baghair Mouja. While DSCC has been conducting feasibility studies and preparing designs for the terminal, JnU has already begun developing around seven acres of the same land for a 10-storey residential hall. At the same time, private actors have occupied large portions of the site with commercial structures, significantly increasing the potential cost of land acquisition. RAJUK, however, insists the land was never meant for such uses. Chief Town Planner Md Ashraful Islam said the area had long been earmarked for a bus terminal under the Detailed Area Plan (DAP), and that any other use was a clear violation of planning rules. "We have shown the area as a designated place for a bus terminal in our detailed area plan, and the use of land for any commercial and other structure is not permitted," he said. "Even if the government does not use the land for the planned purpose, the landowners have to wait for five years to review the plan. Still, we have two years in hand to review, and before that, the structures were developed." He described the ongoing construction as illegal and pointed to enforcement failures within RAJUK itself, as well as delays by the city corporation. "The structures which are built there were illegal as we did not approve any construction there," he said. "It is the responsibility of the development control department of RAJUK and the concerned zone office to take care of the land." "Besides, the city corporation has failed as they could not produce a detailed design and a development proposal in the last five years to present to the government for development of the bus terminal." Planning documents suggest the situation has deteriorated sharply over time. A 2021 feasibility study by the Dhaka Transport Coordination Authority (DTCA) identified the Keraniganj site as suitable for a terminal, noting that it was then largely occupied by brickfields and would require minimal resettlement. At the time, only a handful of labour shelters, local homes and three brick kilns existed on the land, along with a big pond created by excavation for brick-making materials. But a more recent assessment commissioned by DSCC found that at least 130 structures, including 129 households and one madrasa, would now need to be relocated. Of these, 54 are landowners, while 75 are non-titleholders engaged in both residential and commercial activities. Officials warn that the growing number of structures could significantly inflate project costs and complicate implementation. On the ground, signs of speculative construction are evident. Khairuzzaman Sikder, a tea seller at a nearby fruit market, said the area remained largely vacant until rumours of government acquisition began circulating several years ago. "After people heard about possible government acquisition, many rushed to build structures on the vacant land," he said. "Some even started construction with rods, expecting compensation. But when the rumours faded, many were left disappointed." Despite the visible encroachment, no signboards marking government acquisition or restrictions on land use were found during the visit, and no effective measures appear to have been taken to halt development. DSCC officials acknowledge delays and confusion over land acquisition as a key factor behind the present situation. Rajib Khadem, Superintending Engineer of the Traffic Engineering Circle at DSCC, said earlier inaction allowed private development to spiral. "The previous administration moved slowly, which allowed landowners to develop their properties," he said. "This could have been prevented through the deputy commissioner's office, but there was confusion over land acquisition." He added that the government is now keen to move forward with the terminal, but coordination with JnU will be essential. "We will need to sit down with Jagannath University to coordinate our plans." An official from DSCC, speaking on condition of anonymity, warned that time is running out. "If the residential hall is completed and students are accommodated, it will be very difficult to implement the terminal project," he said. "Intervention is needed before construction advances further." The official said DSCC has already sought no-objection certificates from relevant agencies, including the Ministry of Housing and Public Works and the Department of Environment. JnU, however, maintains that it is acting within its rights. University sources say the land was purchased years ago, with development work beginning in June 2025. Its Chief Engineer, Md Helal Uddin Patwary, said the university had not been formally informed of the terminal plan. "We intend to construct a 10-storey residential hall for students as part of our long-standing plan," he said. "We have recently learned about the City Corporation's proposal, but no formal discussions have taken place." Transport experts warn that failure to resolve the dispute could undermine broader efforts to bring discipline to Dhaka's chaotic bus system. Dr SM Saleh Uddin, a member of the now inactive Bus Route Rationalisation Committee, said the terminal was a strategic necessity. "The proposal for a terminal outside Dhaka originates from the Strategic Transport Plan," he said. "Such infrastructure is essential for bringing discipline to the city's bus services." As competing claims intensify and construction continues unabated, the Keraniganj site has become a textbook case of planning breakdown - where delayed decisions, weak enforcement and institutional disconnect risk turning a critical transport project into yet another costly failure.
Louisiana bills giving tax breaks to aerospace companies like SpaceX get smooth sailing
A plan by Louisiana officials to give big tax breaks to attract aerospace companies to the state appears to be on a fast track after lawmakers on Tuesday swiftly advanced two bills without opposition. The two measures advanced out of the House tax committee first thing Tuesday morning, as legislators reconvened in Baton Rouge after an Easter break. While officials remained mum on whether any specific companies are in talks to locate here, they said the tax breaks would generally make Louisiana competitive for such projects. Asked whether he was trying to bring SpaceX or Blue Origin to Louisiana, Gov. Jeff Landry in a brief interview Tuesday afternoon said he would "love the opportunity to visit with either one of them to bring great jobs to Louisiana." Landry said that the recent Artemis II launch, which sent astronauts past the moon, shows that NASA's program is "robust," as are the programs of SpaceX and Blue Origin. "It seems like the space industry, the aerospace industry is doing extremely well, and we want to be positioned," the governor said. "We want to align Louisiana so that if they do come, we do get a great opportunity." Landry's chief of staff, Julie Emerson, told legislators in a committee hearing the changes were necessary to stay in contention with other states for the projects. "Louisiana is trying to remain competitive with neighboring states and provide a welcoming environment to a new industry that is increasingly growing," Emerson said. "And we would like for it to grow its footprint here in Louisiana." Emerson in February gave up her spot as a state representative to become Landry's chief of staff. She had been chair of the House tax committee and in 2024 was instrumental in helping Landry pass a major tax reform package that slashed taxes for businesses. State Rep. Tony Bacala, R-Prairieville, the current committee chair who sponsored the aerospace tax break legislation, said Louisiana has been welcoming to oil and gas and petrochemical businesses and to Meta's mammoth new data center -- and now it's time to extend that welcome to the aerospace industry. "We're just making sure that the signals are sent to the right people," Bacala said. He noted that some companies want to move to a more business-friendly environment, and "we want to be on that list." Asked whether the legislation was meant to attract a particular business, Bacala said the measures are meant to attract a broad "category of business." Louisiana Economic Development Secretary Susan Bourgeois echoed that message. "Louisiana has a long history in aerospace and defense, and we just want to position ourselves to be able to capitalize on future opportunities," she said. Bourgeois said Louisiana is "mimicking" aerospace policies that already exist in Florida and Texas to compete with those states. "We want to attract any company that is making major investments in aerospace and defense," Bourgeois said in an interview Tuesday. State officials have declined to give details about any specific negotiations, and some have signed non-disclosure agreements that forbid them from doing so. "Have I historically signed NDAs that involve the space industry? Yes. " Bourgeois said. "I've also historically signed NDAs that relate to every single industry operating in Louisiana." "It's not a standout," she said of aerospace project talks. What would the tax breaks do? House Bill 1088 would create state and local sales tax breaks for aerospace facilities that commit to large economic investments. Aerospace Companies would have to commit to spend $1 billion in new capital investment by July 2031 and create 200 new, permanent full-time jobs to get state approval for a rebate of state and local sales tax paid on a yearly basis. The state could end the arrangement if companies can't meet these two benchmarks. The sales tax rebate would be for equipment and services used directly in aerospace activities and for purchases beginning as early as July. Eligible activity could deal with research, testing, manufacturing and space mission operations. Approved deals would last for an initial term of 20 years, with an option to extend them for an additional 10 years. House Bill 1179 would expand eligibility for a property tax break program for investments in manufacturing facilities so that aerospace manufacturing and capital investments in aerospace manufacturing would be explicitly eligible for the program. That program, the Industrial Tax Exemption Program, or ITEP, reduces qualifying businesses' property taxes by 80% for an initial term of 5 years, with an option to extend it for an additional 5 years. And some "mega-projects" with capital expenditures of at least $500 million could be exempt from paying 100% of their property taxes under the ITEP program. Bourgeois said that state's return from these tax break programs is "far greater than the incentive itself to the company." The programs ultimately help develop new business sectors, create competitive jobs, grow wages, improve peoples' quality of life, and keep people in Louisiana, Bourgeois said.
Anthropic Launches 'Project Glasswing' to Stealthily Spot Cybersecurity Issues for Rivals
Two weeks ago, Anthropic's secretive AI model known as Claude Mythos was discovered because unpublished information about it was sitting in a publicly accessible database. Now the company is announcing that it is teaming with the biggest companies in the world to let that model loose to flag potential security vulnerabilities within their systems. The limited release of Mythos, dubbed Project Glasswing, includes about 40 organizations that will have access to a preview version of the model that is supposedly better than "all but the most skilled humans" at finding software vulnerabilities. Launch partners for the project include Amazon Web Services, Apple, Google, JPMorganChase, Microsoft, and NVIDIA, among others. According to Anthropic, the early returns from the collaboration have been jarring, as the company claims to have found "thousands of high-severity vulnerabilities," including some in every major operating system and web browser. It's unsurprising, given those apparent revelations of serious security flaws, that Anthropic believes the model "could reshape cybersecurity." Its benchmark tests certainly seem to show that, as Mythos Preview consistently outperformed Claude Opus 4.6, including on the CyberGym test that seeks to identify how well AI agents can detect and reproduce real-world software vulnerabilities. The anecdotes support it, too. Anthropic says Mythos found a bug in the open-source operating system OpenBSD that had been there for 27 years and spotted a chain of vulnerabilities in Linux that could be used to completely hijack a machine. What's interesting is that just weeks ago, when Mythos was first discovered (due to a very simple security slip-up, curious how that one wasn't caught by the all-seeing machine), Anthropic was apparently positioning the model as being so powerful that it would present unprecedented cybersecurity risks. The company hasn't totally backed off that notion -- it said that it won't make Mythos Preview available to the public because of the risks it poses to facilitate cybersecurity attacks. But to go from keeping it under wraps because it's too powerful to release to deploying it across essential tech infrastructure is a bit of a leap. It's hard to remove Anthropic's positioning of Mythos from the long history of AI hype cycles, in which these tools are presented as world-altering (and potentially world-destroying) entities, only for them to be incapable of answering how many times the letter "r" appears in strawberry. Way back in 2019, when Elon Musk was still at OpenAI, the company warned that it had developed a text-generation tool that was too dangerous to be made public. A few months later, it was released anyway, and the world kept spinning, just with a bit more machine-generated nonsense in it. Anthropic has run a version of this playbook already as it relates to cybersecurity. When the company dropped Claude Opus 4.6, it touted how the model had found hundreds of previously unidentified security vulnerabilities that managed to exist undetected in the wild. AI models like Mythos almost certainly will play a role -- likely even a significant one -- in the future of cybersecurity, working both as a tool for exploitation and protection. It'll also likely have a never-ending flow of work in front of it, because AI models like its cousin Claude keep producing vibe-coded outputs filled with flaws. That's one way to ensure job security.
Is Jeff Landry Trying to Land SpaceX in Louisiana?
LAFAYETTE, La. (KPEL News) -- Something is going on in Baton Rouge, and it smells like rocket fuel. A cluster of bills filed in the Louisiana Legislature just before the March 31 bill introduction deadline is raising serious questions about whether Gov. Jeff Landry's administration is quietly wooing a major aerospace company to set up operations in the state. The bills address tax incentives, legal liability, and public records protections. That is the kind of coordinated package you put together when a specific deal is already on the table, not when you are still exploring options. The names that keep coming up? SpaceX and Blue Origin. Neither company responded to requests for comment. The legislative package is being carried by some of the more powerful chairs in the House: Rep. Tony Bacala, R-Prairieville, who leads the House Ways and Means Committee, and Rep. Jack McFarland, R-Jonesboro, who chairs the House Appropriations Committee. According to 10/12 Industry Report, here is what the bills would do: HB 1088 would create a state and local sales and use tax rebate for equipment, machinery, and materials used in aerospace facilities. To qualify, a project would need at least $1 billion in new capital investment and a minimum of 200 new direct jobs. The investment window runs from July 1, 2026, through July 1, 2031. HB 1179 would extend eligibility for Louisiana's Industrial Tax Exemption Program to aerospace manufacturing companies. HB 1033 would classify aerospace facilities as critical infrastructure, with heightened security protections and tougher criminal penalties for unauthorized access. HB 1098 and HB 1099 would significantly limit the legal exposure of aerospace companies operating in Louisiana. HB 1098 would shield aerospace companies from claims tied to noise, light, smoke, odor, and vibration from normal operations. HB 1099 would bar courts from issuing injunctions that could shut down or restrict aerospace operations and would block certain damage claims, including diminished property value or emotional distress, that arise from flight activities. HB 1071 would exempt a wide range of aerospace records, including blueprints, designs, and technical data, from Louisiana's Public Records Law, as long as the company is subject to federal arms regulations or holds a contract with the Department of Defense or the U.S. intelligence community. HB 1175 establishes legal definitions for aerospace facilities and activities, giving the broader package a consistent statutory foundation. When The Advocate asked McFarland about the bills, he said he was approached by the Landry administration in late March about sponsoring the legislation. He would not confirm or deny that a specific deal was on the table. "We have to position ourselves to be economically competitive with neighboring states and when there is industry pursuing opportunities somewhere in the country, we have to be prepared to compete," McFarland told The Advocate. Louisiana Economic Development, the state's economic development arm, took a similar line. Emma Wagner, LED's executive director of communications, told 10/12 Industry Report that aerospace and defense is one of Louisiana's seven priority sectors, identified as a "right-to-win" industry where the state can build on existing strengths. She noted that the sector has seen activity rise more than 77 percent over the past five years. "Louisiana's focus aligns directly with federal priorities around onshoring manufacturing, strengthening supply chains and increasing defense production, positioning the state to capture a growing share of that investment," Wagner said. Four sources familiar with the situation told The Advocate the state is actively in high-stakes talks with a specific aerospace company interested in expanding to Louisiana, and that this incentive package is being built to help close that deal. How far along those talks are remains unclear. Louisiana is not starting from scratch when it comes to aerospace. The state already has NASA's Michoud Assembly Facility in New Orleans East, an 829-acre complex that has been the nation's rocket factory for more than 60 years. Michoud is where the Saturn V first stages were built. It is where Space Shuttle external tanks were manufactured for nearly four decades. It is currently the site where Boeing is building the core stage for NASA's Space Launch System. The facility employs roughly 3,000 people and hosts about 20 federal, state, and commercial tenants. Its economic impact on Louisiana includes more than $493 million in economic output annually, according to NASA estimates. Just last fall, a Texas-based aerospace company called Vivace landed a contract at Michoud to help build the primary structure for Starlab, a commercial space station being developed as a joint venture between Voyager Space and Airbus. That deal drew praise from Landry's office. The infrastructure is there. The workforce is there. The question is whether the financial and legal environment can match what companies already get in Texas or Florida. The Lone Star State is not sitting still. The Texas Space Commission has already awarded $47.7 million in grants to five aerospace companies, including SpaceX, Blue Origin, and Firefly Aerospace, as part of a $150 million allocation by the Texas Legislature to grow its commercial space economy. SpaceX's Starbase is in South Texas. NASA's Johnson Space Center is in Houston. Florida has the Kennedy Space Center, multiple private launch sites, and its own incentive structures. Louisiana's pitch, if it lands, would have to be compelling enough to pull a company away from those established ecosystems, or at least convince one to expand here rather than somewhere else. The bills as written are tailor-made for a company doing high-volume launch operations, given the liability protections around noise and vibration and the public records exemptions tied to defense contracting. That profile fits a company like SpaceX, which operates under federal arms regulations and holds significant defense contracts, far better than it fits a traditional aerospace manufacturer. The 2026 regular legislative session runs through June 1. These bills will need to move through committee, and their fate will tell us a lot about whether there is something concrete behind them or whether this is, as LED frames it, a broader positioning play. If a company is named before June 1, the timeline would fit. If the bills pass quietly and a deal announcement follows shortly after, the pattern would match how major economic development projects typically unfold. Louisiana has the foundation to compete in the commercial space economy. After all, Michoud has been demonstrating that for six decades. The question Landry and the Legislature are betting on right now is whether the state can offer enough, fast enough, to land something that would define Louisiana's economic future for a generation.
Musk's 'Terafab' gambit with Intel sharpens focus on looming SpaceX-X public listing: could crypto be next?
Musk's Terafab push with Intel to build 1 TW/year of AI compute, combined with a looming multi‑trillion SpaceX-X-xAI IPO and the X Money rollout, could concentrate AI and chip capital around his stack while turning Bitcoin, Dogecoin and other assets into macro side‑bets on his execution. Elon Musk's weekend visit to Intel, followed by the chipmaker's decision to join the Terafab project alongside SpaceX, xAI and Tesla, marks a direct bid to secure roughly 1 terawatt per year of AI compute for robotaxis, humanoid robots and space-based data centers. Intel framed the move bluntly in an X post, saying it is "proud to join the Terafab project with @SpaceX, @xAI, and @Tesla to help refactor silicon fab technology," adding that its ability to "design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab's aim to produce 1 TW/year of compute." Musk has billed Terafab as "the most epic chip-building effort ever," designed to bring logic, memory and advanced packaging under one roof in a Texas build‑out that could cost upward of $25 billion. The market reaction has been immediate on the traditional side: Intel shares jumped after the announcement, with Barron's noting that the project aims to deliver 1 TW of AI computing power for Tesla's robotaxis, the Optimus humanoid and SpaceX-linked data centers. At the unveiling last month, Musk told investors that existing semiconductor suppliers "simply could not make enough chips" to support his roadmap for autonomous vehicles and robots, effectively justifying a vertically integrated fab model. Against this backdrop, the Cointelegraph post calling the alliance "latest" underscores how social media is being used as the primary disclosure venue for a chip initiative that will compete, at scale, with the likes of Nvidia and TSMC. On the equity side, the looming question is how and when investors get pure‑play exposure. Musk has already said that reports of a 2026 SpaceX IPO are "accurate," after multiple outlets detailed a plan to take the rocket and Starlink business public at a valuation initially rumored near $800 billion, with more than $30 billion in new capital targeted. More recent coverage suggests SpaceX has confidentially filed for what could be a $1.7 trillion‑plus listing that folds in xAI and X, potentially creating a multi‑trillion dollar "three X's in one" vehicle spanning launches, satellite broadband and AI‑driven social media. Such a listing would do two things at once: first, it would likely drain liquidity from second‑tier growth stories as institutions rotate into what could become the world's largest AI‑space platform; second, it would reprice Musk‑linked names like Tesla, Intel and other suppliers as derivatives on Terafab's execution risk. In a Bloomberg segment on the Intel-Terafab partnership, host Ed Ludlow underlined that Intel will help "refactor the technology in a chip factory" for Musk's firms, raising the question of whether the chipmaker becomes, de facto, a core beneficiary of the post‑IPO capex cycle. For crypto, the strategic angle is less about today's price action and more about infrastructure and narratives. A consolidated SpaceX-X-xAI entity with dense AI and satellite capacity would be well positioned to push censorship‑resistant payments, identity and data rails globally, dovetailing with ongoing moves to integrate crypto tipping and on‑chain functionality into X. If that happens, large‑cap assets like bitcoin and ether could increasingly trade as macro proxies on Musk's execution, similar to how chip stocks now mirror AI demand. Meanwhile, the Terafab build‑out itself -- targeting 1 TW/year of compute -- will intensify competition for high‑end GPUs and fabrication capacity, likely benefiting incumbent chip leaders while also squeezing smaller AI startups that rely on third‑party clouds. That capital concentration sets up a clear question for both tech and crypto investors: if a Musk‑led IPO complex becomes the primary liquidity magnet for AI and space, which existing equities and tokens become the funding leg -- and which on‑chain projects manage to plug themselves directly into this emerging hardware and data backbone?
Is Jeff Landry Trying to Land SpaceX in Louisiana?
LAFAYETTE, La. (KPEL News) -- Something is going on in Baton Rouge, and it smells like rocket fuel. A cluster of bills filed in the Louisiana Legislature just before the March 31 bill introduction deadline is raising serious questions about whether Gov. Jeff Landry's administration is quietly wooing a major aerospace company to set up operations in the state. The bills address tax incentives, legal liability, and public records protections. That is the kind of coordinated package you put together when a specific deal is already on the table, not when you are still exploring options. The names that keep coming up? SpaceX and Blue Origin. Neither company responded to requests for comment. What the Bills Would Actually Do The legislative package is being carried by some of the more powerful chairs in the House: Rep. Tony Bacala, R-Prairieville, who leads the House Ways and Means Committee, and Rep. Jack McFarland, R-Jonesboro, who chairs the House Appropriations Committee. According to 10/12 Industry Report, here is what the bills would do: HB 1088 would create a state and local sales and use tax rebate for equipment, machinery, and materials used in aerospace facilities. To qualify, a project would need at least $1 billion in new capital investment and a minimum of 200 new direct jobs. The investment window runs from July 1, 2026, through July 1, 2031. HB 1179 would extend eligibility for Louisiana's Industrial Tax Exemption Program to aerospace manufacturing companies. HB 1033 would classify aerospace facilities as critical infrastructure, with heightened security protections and tougher criminal penalties for unauthorized access. HB 1098 and HB 1099 would significantly limit the legal exposure of aerospace companies operating in Louisiana. HB 1098 would shield aerospace companies from claims tied to noise, light, smoke, odor, and vibration from normal operations. HB 1099 would bar courts from issuing injunctions that could shut down or restrict aerospace operations and would block certain damage claims, including diminished property value or emotional distress, that arise from flight activities. HB 1071 would exempt a wide range of aerospace records, including blueprints, designs, and technical data, from Louisiana's Public Records Law, as long as the company is subject to federal arms regulations or holds a contract with the Department of Defense or the U.S. intelligence community. HB 1175 establishes legal definitions for aerospace facilities and activities, giving the broader package a consistent statutory foundation. McFarland Says It Is About Competitiveness. Others Are Not So Sure. When The Advocate asked McFarland about the bills, he said he was approached by the Landry administration in late March about sponsoring the legislation. He would not confirm or deny that a specific deal was on the table. "We have to position ourselves to be economically competitive with neighboring states and when there is industry pursuing opportunities somewhere in the country, we have to be prepared to compete," McFarland told The Advocate. Louisiana Economic Development, the state's economic development arm, took a similar line. Emma Wagner, LED's executive director of communications, told 10/12 Industry Report that aerospace and defense is one of Louisiana's seven priority sectors, identified as a "right-to-win" industry where the state can build on existing strengths. She noted that the sector has seen activity rise more than 77 percent over the past five years. "Louisiana's focus aligns directly with federal priorities around onshoring manufacturing, strengthening supply chains and increasing defense production, positioning the state to capture a growing share of that investment," Wagner said. Four sources familiar with the situation told The Advocate the state is actively in high-stakes talks with a specific aerospace company interested in expanding to Louisiana, and that this incentive package is being built to help close that deal. How far along those talks are remains unclear. Louisiana Already Has the Foundation Louisiana is not starting from scratch when it comes to aerospace. The state already has NASA's Michoud Assembly Facility in New Orleans East, an 829-acre complex that has been the nation's rocket factory for more than 60 years. Michoud is where the Saturn V first stages were built. It is where Space Shuttle external tanks were manufactured for nearly four decades. It is currently the site where Boeing is building the core stage for NASA's Space Launch System. The facility employs roughly 3,000 people and hosts about 20 federal, state, and commercial tenants. Its economic impact on Louisiana includes more than $493 million in economic output annually, according to NASA estimates. Just last fall, a Texas-based aerospace company called Vivace landed a contract at Michoud to help build the primary structure for Starlab, a commercial space station being developed as a joint venture between Voyager Space and Airbus. That deal drew praise from Landry's office. The infrastructure is there. The workforce is there. The question is whether the financial and legal environment can match what companies already get in Texas or Florida. How Louisiana Stacks Up Against Texas and Florida The Lone Star State is not sitting still. The Texas Space Commission has already awarded $47.7 million in grants to five aerospace companies, including SpaceX, Blue Origin, and Firefly Aerospace, as part of a $150 million allocation by the Texas Legislature to grow its commercial space economy. SpaceX's Starbase is in South Texas. NASA's Johnson Space Center is in Houston. Florida has the Kennedy Space Center, multiple private launch sites, and its own incentive structures. Louisiana's pitch, if it lands, would have to be compelling enough to pull a company away from those established ecosystems, or at least convince one to expand here rather than somewhere else. The bills as written are tailor-made for a company doing high-volume launch operations, given the liability protections around noise and vibration and the public records exemptions tied to defense contracting. That profile fits a company like SpaceX, which operates under federal arms regulations and holds significant defense contracts, far better than it fits a traditional aerospace manufacturer. What Happens Next The 2026 regular legislative session runs through June 1. These bills will need to move through committee, and their fate will tell us a lot about whether there is something concrete behind them or whether this is, as LED frames it, a broader positioning play. If a company is named before June 1, the timeline would fit. If the bills pass quietly and a deal announcement follows shortly after, the pattern would match how major economic development projects typically unfold. Louisiana has the foundation to compete in the commercial space economy. After all, Michoud has been demonstrating that for six decades. The question Landry and the Legislature are betting on right now is whether the state can offer enough, fast enough, to land something that would define Louisiana's economic future for a generation.
Is Jeff Landry Trying to Land SpaceX in Louisiana?
LAFAYETTE, La. (KPEL News) -- Something is going on in Baton Rouge, and it smells like rocket fuel. A cluster of bills filed in the Louisiana Legislature just before the March 31 bill introduction deadline is raising serious questions about whether Gov. Jeff Landry's administration is quietly wooing a major aerospace company to set up operations in the state. The bills address tax incentives, legal liability, and public records protections. That is the kind of coordinated package you put together when a specific deal is already on the table, not when you are still exploring options. The names that keep coming up? SpaceX and Blue Origin. Neither company responded to requests for comment. What the Bills Would Actually Do The legislative package is being carried by some of the more powerful chairs in the House: Rep. Tony Bacala, R-Prairieville, who leads the House Ways and Means Committee, and Rep. Jack McFarland, R-Jonesboro, who chairs the House Appropriations Committee. According to 10/12 Industry Report, here is what the bills would do: HB 1088 would create a state and local sales and use tax rebate for equipment, machinery, and materials used in aerospace facilities. To qualify, a project would need at least $1 billion in new capital investment and a minimum of 200 new direct jobs. The investment window runs from July 1, 2026, through July 1, 2031. HB 1179 would extend eligibility for Louisiana's Industrial Tax Exemption Program to aerospace manufacturing companies. HB 1033 would classify aerospace facilities as critical infrastructure, with heightened security protections and tougher criminal penalties for unauthorized access. HB 1098 and HB 1099 would significantly limit the legal exposure of aerospace companies operating in Louisiana. HB 1098 would shield aerospace companies from claims tied to noise, light, smoke, odor, and vibration from normal operations. HB 1099 would bar courts from issuing injunctions that could shut down or restrict aerospace operations and would block certain damage claims, including diminished property value or emotional distress, that arise from flight activities. HB 1071 would exempt a wide range of aerospace records, including blueprints, designs, and technical data, from Louisiana's Public Records Law, as long as the company is subject to federal arms regulations or holds a contract with the Department of Defense or the U.S. intelligence community. HB 1175 establishes legal definitions for aerospace facilities and activities, giving the broader package a consistent statutory foundation. McFarland Says It Is About Competitiveness. Others Are Not So Sure. When The Advocate asked McFarland about the bills, he said he was approached by the Landry administration in late March about sponsoring the legislation. He would not confirm or deny that a specific deal was on the table. "We have to position ourselves to be economically competitive with neighboring states and when there is industry pursuing opportunities somewhere in the country, we have to be prepared to compete," McFarland told The Advocate. Louisiana Economic Development, the state's economic development arm, took a similar line. Emma Wagner, LED's executive director of communications, told 10/12 Industry Report that aerospace and defense is one of Louisiana's seven priority sectors, identified as a "right-to-win" industry where the state can build on existing strengths. She noted that the sector has seen activity rise more than 77 percent over the past five years. "Louisiana's focus aligns directly with federal priorities around onshoring manufacturing, strengthening supply chains and increasing defense production, positioning the state to capture a growing share of that investment," Wagner said. Four sources familiar with the situation told The Advocate the state is actively in high-stakes talks with a specific aerospace company interested in expanding to Louisiana, and that this incentive package is being built to help close that deal. How far along those talks are remains unclear. Louisiana Already Has the Foundation Louisiana is not starting from scratch when it comes to aerospace. The state already has NASA's Michoud Assembly Facility in New Orleans East, an 829-acre complex that has been the nation's rocket factory for more than 60 years. Michoud is where the Saturn V first stages were built. It is where Space Shuttle external tanks were manufactured for nearly four decades. It is currently the site where Boeing is building the core stage for NASA's Space Launch System. The facility employs roughly 3,000 people and hosts about 20 federal, state, and commercial tenants. Its economic impact on Louisiana includes more than $493 million in economic output annually, according to NASA estimates. Just last fall, a Texas-based aerospace company called Vivace landed a contract at Michoud to help build the primary structure for Starlab, a commercial space station being developed as a joint venture between Voyager Space and Airbus. That deal drew praise from Landry's office. The infrastructure is there. The workforce is there. The question is whether the financial and legal environment can match what companies already get in Texas or Florida. How Louisiana Stacks Up Against Texas and Florida The Lone Star State is not sitting still. The Texas Space Commission has already awarded $47.7 million in grants to five aerospace companies, including SpaceX, Blue Origin, and Firefly Aerospace, as part of a $150 million allocation by the Texas Legislature to grow its commercial space economy. SpaceX's Starbase is in South Texas. NASA's Johnson Space Center is in Houston. Florida has the Kennedy Space Center, multiple private launch sites, and its own incentive structures. Louisiana's pitch, if it lands, would have to be compelling enough to pull a company away from those established ecosystems, or at least convince one to expand here rather than somewhere else. The bills as written are tailor-made for a company doing high-volume launch operations, given the liability protections around noise and vibration and the public records exemptions tied to defense contracting. That profile fits a company like SpaceX, which operates under federal arms regulations and holds significant defense contracts, far better than it fits a traditional aerospace manufacturer. What Happens Next The 2026 regular legislative session runs through June 1. These bills will need to move through committee, and their fate will tell us a lot about whether there is something concrete behind them or whether this is, as LED frames it, a broader positioning play. If a company is named before June 1, the timeline would fit. If the bills pass quietly and a deal announcement follows shortly after, the pattern would match how major economic development projects typically unfold. Louisiana has the foundation to compete in the commercial space economy. After all, Michoud has been demonstrating that for six decades. The question Landry and the Legislature are betting on right now is whether the state can offer enough, fast enough, to land something that would define Louisiana's economic future for a generation.
Is Jeff Landry Trying to Land SpaceX in Louisiana?
LAFAYETTE, La. (KPEL News) -- Something is going on in Baton Rouge, and it smells like rocket fuel. A cluster of bills filed in the Louisiana Legislature just before the March 31 bill introduction deadline is raising serious questions about whether Gov. Jeff Landry's administration is quietly wooing a major aerospace company to set up operations in the state. The bills address tax incentives, legal liability, and public records protections. That is the kind of coordinated package you put together when a specific deal is already on the table, not when you are still exploring options. The names that keep coming up? SpaceX and Blue Origin. Neither company responded to requests for comment. The legislative package is being carried by some of the more powerful chairs in the House: Rep. Tony Bacala, R-Prairieville, who leads the House Ways and Means Committee, and Rep. Jack McFarland, R-Jonesboro, who chairs the House Appropriations Committee. According to 10/12 Industry Report, here is what the bills would do: HB 1088 would create a state and local sales and use tax rebate for equipment, machinery, and materials used in aerospace facilities. To qualify, a project would need at least $1 billion in new capital investment and a minimum of 200 new direct jobs. The investment window runs from July 1, 2026, through July 1, 2031. HB 1179 would extend eligibility for Louisiana's Industrial Tax Exemption Program to aerospace manufacturing companies. HB 1033 would classify aerospace facilities as critical infrastructure, with heightened security protections and tougher criminal penalties for unauthorized access. HB 1098 and HB 1099 would significantly limit the legal exposure of aerospace companies operating in Louisiana. HB 1098 would shield aerospace companies from claims tied to noise, light, smoke, odor, and vibration from normal operations. HB 1099 would bar courts from issuing injunctions that could shut down or restrict aerospace operations and would block certain damage claims, including diminished property value or emotional distress, that arise from flight activities. HB 1071 would exempt a wide range of aerospace records, including blueprints, designs, and technical data, from Louisiana's Public Records Law, as long as the company is subject to federal arms regulations or holds a contract with the Department of Defense or the U.S. intelligence community. HB 1175 establishes legal definitions for aerospace facilities and activities, giving the broader package a consistent statutory foundation. When The Advocate asked McFarland about the bills, he said he was approached by the Landry administration in late March about sponsoring the legislation. He would not confirm or deny that a specific deal was on the table. "We have to position ourselves to be economically competitive with neighboring states and when there is industry pursuing opportunities somewhere in the country, we have to be prepared to compete," McFarland told The Advocate. Louisiana Economic Development, the state's economic development arm, took a similar line. Emma Wagner, LED's executive director of communications, told 10/12 Industry Report that aerospace and defense is one of Louisiana's seven priority sectors, identified as a "right-to-win" industry where the state can build on existing strengths. She noted that the sector has seen activity rise more than 77 percent over the past five years. "Louisiana's focus aligns directly with federal priorities around onshoring manufacturing, strengthening supply chains and increasing defense production, positioning the state to capture a growing share of that investment," Wagner said. Four sources familiar with the situation told The Advocate the state is actively in high-stakes talks with a specific aerospace company interested in expanding to Louisiana, and that this incentive package is being built to help close that deal. How far along those talks are remains unclear. Louisiana is not starting from scratch when it comes to aerospace. The state already has NASA's Michoud Assembly Facility in New Orleans East, an 829-acre complex that has been the nation's rocket factory for more than 60 years. Michoud is where the Saturn V first stages were built. It is where Space Shuttle external tanks were manufactured for nearly four decades. It is currently the site where Boeing is building the core stage for NASA's Space Launch System. The facility employs roughly 3,000 people and hosts about 20 federal, state, and commercial tenants. Its economic impact on Louisiana includes more than $493 million in economic output annually, according to NASA estimates. Just last fall, a Texas-based aerospace company called Vivace landed a contract at Michoud to help build the primary structure for Starlab, a commercial space station being developed as a joint venture between Voyager Space and Airbus. That deal drew praise from Landry's office. The infrastructure is there. The workforce is there. The question is whether the financial and legal environment can match what companies already get in Texas or Florida. The Lone Star State is not sitting still. The Texas Space Commission has already awarded $47.7 million in grants to five aerospace companies, including SpaceX, Blue Origin, and Firefly Aerospace, as part of a $150 million allocation by the Texas Legislature to grow its commercial space economy. SpaceX's Starbase is in South Texas. NASA's Johnson Space Center is in Houston. Florida has the Kennedy Space Center, multiple private launch sites, and its own incentive structures. Louisiana's pitch, if it lands, would have to be compelling enough to pull a company away from those established ecosystems, or at least convince one to expand here rather than somewhere else. The bills as written are tailor-made for a company doing high-volume launch operations, given the liability protections around noise and vibration and the public records exemptions tied to defense contracting. That profile fits a company like SpaceX, which operates under federal arms regulations and holds significant defense contracts, far better than it fits a traditional aerospace manufacturer. The 2026 regular legislative session runs through June 1. These bills will need to move through committee, and their fate will tell us a lot about whether there is something concrete behind them or whether this is, as LED frames it, a broader positioning play. If a company is named before June 1, the timeline would fit. If the bills pass quietly and a deal announcement follows shortly after, the pattern would match how major economic development projects typically unfold. Louisiana has the foundation to compete in the commercial space economy. After all, Michoud has been demonstrating that for six decades. The question Landry and the Legislature are betting on right now is whether the state can offer enough, fast enough, to land something that would define Louisiana's economic future for a generation.
Anthropic Expands Google, Broadcom Deal to Address Surging Demand
AI research lab Anthropic has made significant strides in expanding its capabilities by securing new agreements with Google and Broadcom. This deal aims to enhance processing and compute capacity to support the growing demand for Anthropic's Claude AI models. Expansion of Compute Capacity The recent agreements focus on increasing Anthropic's utilization of Google Cloud's tensor processing units (TPUs), state-of-the-art AI chips. This development builds upon an existing contract established in October 2025, which included over a gigawatt of compute capacity. Future Readiness * The new compute resources are scheduled to become operational in 2027. * A Broadcom SEC filing revealed that the deal comprises 3.5 gigawatts of compute capacity. * Most of this additional computing power will reside within the United States. Investment in U.S. Infrastructure Anthropic confirmed that this expansion is part of a larger $50 billion investment in U.S. compute infrastructure. Krishna Rao, CFO of Anthropic, emphasized the importance of this partnership in managing the exponential growth experienced by the company. According to Rao, "This groundbreaking partnership with Google and Broadcom is a continuation of our disciplined approach to scaling infrastructure." He noted that the commitment reflects the need to accommodate a rapidly increasing customer base and further advance AI development. Strong Demand and Financial Growth * Anthropic has experienced an extraordinary surge in demand for its Claude AI models, particularly among enterprise customers. * Despite being labeled a supply-chain risk by the U.S. Defense Department, the company has thrived. * Recently, Anthropic completed a $30 billion Series G funding round, increasing its valuation to $380 billion. The company's annual revenue run rate has escalated from $9 billion at the end of 2025 to an impressive $30 billion. Additionally, over 1,000 business customers are now spending more than $1 million annually on Anthropic's offerings. As Anthropic continues to grow, its partnerships with leading tech companies like Google and Broadcom highlight its commitment to scaling operations and meeting soaring demand in the AI market.
Anthropic Unveils Restricted AI Cyber Model in Unprecedented Industry Alliance - IT Security News
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Anthropic introduces 'Mythos AI' model preview under cybersecurity project 'Glasswing' with Apple, Google, and others - The Tech Portal
Anthropic has rolled out a preview of its new AI model, Mythos, as part of a broader cybersecurity initiative called Project Glasswing, bringing together major tech and infrastructure players including Nvidia, Google, Amazon Web Services, Apple, and Microsoft. Instead of a public release, the model is being shared in a controlled preview with select partners to test its ability to strengthen software security at scale. This latest model is designed to help detect hidden security flaws in large software systems and cloud infrastructure before attackers can find them. Early use is focused on scanning codebases and identifying complex vulnerabilities that traditional tools may miss. The goal of the project is to speed up vulnerability detection and improve software security across widely used platforms. Beyond basic bug detection, Mythos is positioned as a more advanced reasoning system for security analysis. Rather than simply flagging known patterns and common coding errors, it is intended to examine how different parts of a system interact, identify subtle logic flaws, and trace how small weaknesses could potentially combine into more serious exploit chains. Notably, Project Glasswing is structured around the idea that cybersecurity is increasingly a large-scale coordination problem. Modern digital infrastructure is updated continuously, and vulnerabilities can appear not only in proprietary software but also in widely used open-source dependencies. And by deploying Mythos in a controlled setting with major cloud providers and technology companies, the initiative aims to create a shared layer of defense where security issues can be identified earlier in the development cycle. A key focus of early testing is large-scale code review and infrastructure scanning. In practice, this means Mythos is being applied to complex enterprise systems that would normally require extensive manual security auditing. Another important aspect of the initiative is the focus on cloud security. As more organizations rely on distributed computing platforms, misconfigurations and subtle permission issues have become a major source of security breaches. Within Project Glasswing, Mythos is being evaluated for its ability to analyze cloud architecture setups, identify insecure configurations, and suggest corrective changes before those systems are deployed. "Mythos Preview has already found thousands of high-severity vulnerabilities, including some in every major operating system and web browser. We have also extended access to a group of over 40 additional organizations that build or maintain critical software infrastructure so they can use the model to scan and secure both first-party and open-source systems. Anthropic is committing up to $100M in usage credits for Mythos Preview across these efforts, as well as $4M in direct donations to open-source security organizations," the Dario Amodei-led AI firm noted. The Tech Portal is published by Blue Box Media Private Limited. Our investors have no influence over our reporting. Read our full Ownership and Funding Disclosure →
Anthropic is releasing its new model to select companies to get a head start on cyber defense
Fortune reported that the Claude developer would be doing this in late March. Anthropic said it was releasing "Mythos Preview," a version of its new AI model, to a select group of mostly tech companies (and JPMorgan) so they can get to work on protecting against cyberattacks. Shares of CrowdStrike and Palo Alto Networks, two cybersecurity firms on this list, caught a bid on this news. Anthropic dubbed this initiative "Project Glasswing" with the goal to "secure the world's most critical software." Those cybersecurity stocks had faced heavy selling pressure in late March when a leaked Anthropic document reviewed by Fortune warned that its new model would be so powerful that malicious actors could launch potentially indefensible cyberattacks. That same report also said that Anthropic would be releasing Mythos early to cybersecurity firms to help them bolster their defenses... which is exactly what Project Glasswing is doing. It's been a busy 24 hours for Anthropic, with the Claude developer announcing an expansion of its partnership with Google and Broadcom for AI compute and saying that its run-rate revenue surpassed $30 billion, up from about $9 billion at the end of 2025. Some of that jump could be juiced by Meta's engineers, whose AI usage may be serving as another example of Goodhart's law (per this report from The Information). That being said, there's clearly some breadth, and not just depth: Anthropic said the number of business customers spending over $1 million on an annualized basis has doubled since February to above 1,000.
Intel stock surges on powerful SpaceX and Tesla chip deal
Intel has landed a partnership with Elon Musk's SpaceX and Tesla to help power their AI dream Intel has spent the better part of two years fighting to prove its relevance in an industry that seemed to be moving on without it. On Tuesday, the company got one of its loudest endorsements yet -- and it came from one of the most closely watched names in American business. Shares of Intel climbed after the company announced a major partnership with Elon Musk's Terafab project, a joint venture between SpaceX and Tesla aimed at building one of the most ambitious AI and robotics computing facilities the industry has seen. Intel will bring its chip design and packaging expertise to the collaboration, helping the facility produce one terawatt of computing power annually. For a company whose foundry business has faced sustained skepticism, the deal carries real symbolic weight alongside its commercial significance. What the deal means for Intel The Terafab partnership is not just a revenue opportunity -- it is a statement. Having SpaceX and Tesla, two companies at the center of the AI and autonomous systems buildout, turn to Intel for critical manufacturing and design work signals that the chipmaker's push to compete in advanced semiconductor production is being taken seriously by some of the most demanding clients in the world. Intel's stock reflected that sentiment, jumping 2.9% in afternoon trading before settling at $51.89, up 2.2% from its previous close. The company is now up 31.8% since the start of the year and trading near its 52-week high of $54.32, reached in January 2026. The Terafab announcement also arrived alongside a separate catalyst. KeyBanc raised its price target on Intel from 1) $65 to 2) $70, citing strong demand for the company's new Panther Lake processors and improved manufacturing yields on its 18A production process -- two data points that suggest Intel's manufacturing recovery is gaining genuine traction rather than simply being talked about. A company finding its footing again The positive momentum follows a string of meaningful developments that have been quietly rebuilding Intel's standing with investors. Five days before the Terafab announcement, the company agreed to repurchase Apollo Global Management's 49% stake in its Fab 34 chip manufacturing plant in Ireland for $14.2 billion, restoring full control over a facility that produces some of its most advanced processors. Regaining that ownership removes a layer of complexity from Intel's manufacturing operations and gives it greater flexibility over one of its most strategically important production sites. Intel's shares have historically been volatile -- the stock has recorded 45 single-session moves of 5% or greater over the past year alone -- so Tuesday's 2.9% gain, while meaningful, reflects a market that views the Terafab news as significant without necessarily treating it as a transformational shift in the company's long-term trajectory. The bigger picture for investors The Terafab deal arrives at a moment when the competition for AI chip partnerships is among the most intensely contested battlegrounds in the technology sector. Companies like Nvidia, Broadcom and TSMC have dominated the narrative around AI hardware, and Intel has been working to carve out a meaningful role in a landscape that has not always made room for it. Landing a collaboration of this scale with SpaceX and Tesla -- organizations that operate at the frontier of AI, robotics and autonomous systems -- gives Intel a credible foothold in that conversation. Whether the company can convert that foothold into sustained market share gains will depend on its ability to deliver on the manufacturing and design commitments the Terafab partnership requires. For now, the market's response suggests investors believe Intel is at least pointed in the right direction. At $51.89 and climbing toward its 52-week high, the stock is telling a more optimistic story than it has in some time. Source: Barron's, StockStory Disclaimer: This article is for informational purposes only and not financial advice. Always research before making investment decisions.
Anthropic adds compute power with Google, Broadcom deals
Global AI infrastructure spend is expected to increase in 2026, reflecting heightened enterprise demand for AI services. As vendors race to supply compute power for enterprise deployments, CIOs will need to pay attention to constraints around available compute and infrastructure. An AI model provider like Anthropic locking in large amounts of compute signals that "access to AI at scale will favor companies aligned with hyperscaler infrastructure," Naveen Chhabra, principal analyst at Forrester, said in an email to CIO Dive. "The risk isn't model quality, it's whether enterprises can secure capacity, control costs and avoid long term lock-in as AI demand outpaces supply," Chhabra said. CIOs will need to plan for compute as a constrained resource, anchor vendor strategies to the reality of available infrastructure, focus FinOps on AI spend and push vendors on transparency even as models are offered across multiple cloud providers, Chhabra said. As compute power becomes a strategic resource, vendors are striking new deals and expanding existing partnerships to better compete for enterprise dollars. AWS launched a multiyear partnership with OpenAI in February to distribute OpenAI Frontier, the Anthropic competitor's enterprise platform for AI agents. The same month, Intel partnered with SambaNova to support enterprise AI inference capabilities. Meanwhile, IBM recently announced a collaboration with Arm to build dual-architecture hardware supporting IBM Z mainframes to help enterprises run AI workloads. Anthropic on Tuesday announced Project Glasswing, yet another initiative uniting multiple companies to use the LLM provider's unreleased frontier model -- Claude Mythos Preview -- as part of their cybersecurity strategies. Partnering companies include AWS, Anthropic, Apple, Broadcom, Google, Microsoft, Nvidia, Cisco, Crowdstrike, JPMorganChase, the Linux Foundation and Palo Alto Networks. Anthropic's move to expand its partnerships with Google and Broadcom demonstrates how compute access at scale serves as a "key differentiator for generalist models," Arnal Dayaratna, research VP for software development at IDC, said in an email to CIO Dive. The vendor's role in the partnerships "reflects how close alignment with large-scale compute providers can support the development and deployment of generalist systems," he added. "Large, dedicated infrastructure commitments influence how quickly models can be trained, how frequently they can be iterated, and how broadly they can be deployed across enterprise workloads," Dayaratna said. "The ability to secure this level of compute and to manage it effectively across training and inference is increasingly shaping which organizations can advance model capability and operate reliably at scale." The partnership signals that "frontier AI is moving from a chip race to a systems-and-power race," with the winners being providers that can secure silicon, interconnectivity and electricity together, Woolcock said. The move also demonstrates "capacity diversification and resiliency at the frontier," Woolcock said. Anthropic noted in the announcement that while it's expanding its Google Cloud relationship, Amazon remains its primary cloud provider and training partner.
Dow Jones Top Company Headlines at 3 PM ET: Anthropic Set to Preview Powerful 'Mythos' Model to Ward Off AI Cyberthreats | Intel ...
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Anthropic pulls ahead of OpenAI as revenue race heats up
Anthropic, the artificial intelligence company backed by Google, Amazon, and Microsoft, has crossed $30 billion in annualized revenue, outpacing OpenAI for the first time, according to Jefferies analysts. The surge comes after Anthropic added roughly $21 billion in net new annualized revenue in just three months, more than one-third of the $58 billion added by Jefferies' entire public software coverage (excluding Microsoft) in all of 2025. Analysts note that this rapid growth is likely to stoke concerns that Anthropic and OpenAI could dominate corporate IT budgets. Anthropic's growth has been fueled in part by a recent agreement with Google and Broadcom to supply around 3.5 gigawatts of next-generation TPU-based AI compute capacity, expected to come online in 2027. Jefferies highlighted that similar capacity deals may follow, benefiting cloud providers like Google, Amazon, and Microsoft. "Anthropic's continued acceleration should help support future revenue and order growth for its cloud partners," analysts wrote, citing Google's reported 158% year-over-year increase in remaining performance obligations in the fourth quarter of 2025. Despite Anthropic pulling ahead in revenue, analysts caution that OpenAI remains a formidable competitor. OpenAI has raised significantly more capital, secured substantial compute capacity, and maintains a large and engaged user base, including more than 900 million weekly active users. Its free-tier users provide a substantial data advantage, with the potential to drive monetization through advertising and other services. "As demand continues to surge, we believe Anthropic will need to keep scaling compute commitments, while carefully balancing capacity between training future frontier models and serving inference demand today, especially given scaling laws remain very much intact," analysts wrote. Jefferies concluded that while Anthropic may currently lead in revenue, both companies are likely to continue shaping AI spending across enterprise IT budgets, with further growth expected as demand for AI compute capacity continues to accelerate.
