News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic revenue run rate tops $30 billion, seals deal with Broadcom and Google - CNBC TV18
The AI startup said demand for its Claude services has surged this eyar, with over 1,000 business customers spending more than $1 million annually. This figure is more than double of what it was in February.Anthropic PBC said its revenue run rate has now increased to over $30 billion from $9 billion at the end of last year and it confirmed plans of working with Broadcom and Google to power its rising operations. The AI startup said demand for its Claude services has surged this eyar, with over 1,000 business customers spending more than $1 million annually. This figure is more than double of what it was in February. Anthropic's collaboration with Google and Broadcom was first announced last month. It will help the AI startup build "the capacity necessary to serve the remarkable growth we have seen in our customer base," Chief Financial Officer Krishna Rao said in a statement. The annual run rate -- a popular benchmark among tech startups -- extrapolates the current sales level over a full year. The latest numbers suggest that a high-profile dispute with the US government hasn't stymied growth. Anthropic is waging a legal fight over the Pentagon's decision to declare the company a supply-chain risk following a standoff over AI safety guardrails. Anthropic has warned that the labeling could cost it billions in lost revenue, and an attorney for the company recently told a judge in San Francisco that the federal government's actions led to more than 100 enterprise customers contacting the company to express doubt about continuing their work with Anthropic. Still, some customers respect that Anthropic "demonstrates its principles" in its dealings with the US government, Paul Smith, Anthropic's chief commercial officer, said in an interview last week. Broadcom is developing chips using Google's tensor processing units, or TPUs, offering an alternative to technology from Nvidia Corp. Broadcom and Alphabet Inc.'s Google have entered a long-term agreement to provide the chips and a supply assurance pact that runs through 2031, according to a Broadcom filing Monday. The three companies also are expanding a strategic collaboration that will let Anthropic access about 3.5 gigawatts' worth of computing power. That will begin in 2027. "The consumption of such expanded AI compute capacity by Anthropic is dependent on Anthropic's continued commercial success. In connection with this deployment, the parties are in discussions with certain operational and financial partners," Broadcom said in the filing. Broadcom shares climbed as much as 3.6% in late trading after the filing was announced. The company's chief executive officer, Hock Tan, previously discussed the collaboration during an earnings call last month. He also said Broadcom expects its AI chip sales to top $100 billion next year, making it a bigger competitor to Nvidia. Google's TPUs were originally designed to speed up its ubiquitous search engine, but have become useful at creating and running AI software. Broadcom takes Google's specifications and creates fully-formed designs that can then be sent for manufacturing. With inputs from Bloomberg
Exclusive-SpaceX lays out IPO details, targets early June roadshow, sources say By Reuters
NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported.
Rio de Janeiro's gangs hijack buses to sow chaos in war with police
Rio bus drivers face fear as gangs hijack buses amid police clashes, disrupting transport, schools, and daily life in favelas RIO DE JANEIRO: When police killed a drug kingpin in a Rio de Janeiro favela last month, armed men quickly surrounded a bus, forced the passengers to disembark and set it on fire in the middle of an avenue. "They boarded, told me to get the passengers off, and set it ablaze. It happened very fast," 48-year-old driver Marcio Souza told AFP, still shaken by the ordeal. "It was a horrible feeling that I wouldn't wish on anyone." Scenes like this are common in the city of nearly seven million people, which is one of the most visited tourist destinations in the world. Clashes are frequent between police and armed criminal groups that dominate Rio de Janeiro's sprawling favelas. To retaliate, criminals often seize buses in a show of power and use them as barricades to block police patrols and paralyze traffic for hours. This disproportionately affects residents of poor neighborhoods who already face lengthy commutes to work. In October, when Brazil's deadliest police operation left more than 120 people dead as officers clashed with heavily armed gang members, more than 100 buses were hijacked around the city. A high-risk profession A 35-year-old bus driver, using the pseudonym Joao, told AFP how criminals on motorcycles recently assaulted him, snatched his keys and doused his vehicle with gasoline. The police arrived in time to prevent the bus from being torched. "The terror was immense. In that moment, all I could think about was my family, my children. I thought the worst was going to happen," said the father of two girls. He said his family is often "terrified about whether or not I'll make it back safe and sound." Nearly 200 drivers took sick leave last year due to stress and panic attacks, according to Paulo Valente, a spokesperson for Rio Onibus -- which represents the employers of Rio's 14,000 bus drivers. During that same period, 254 buses were used as barricades, more than double the number from the previous year. The trend is striking fear into passengers. "I don't take the bus anymore because it's too dangerous. We pass through several favelas, and lately, there have been a lot of clashes. And the first thing (the criminals) do is stop the buses," said Elisiane, 43, who did not want to give her last name. Monica Correia, a 56-year-old caregiver, said she leaves home three hours earlier than necessary to account for any unforeseen delays. Like the 'Gaza Strip' Valente told AFP that each hijacking had "a direct impact on the economy," resulting in losses amounting to millions for the bus companies, as well as tarnishing the city's image. "When a bus is used as a barricade, more than 50 others come to a standstill, and just as many are forced to reroute. And for certain routes, there simply is no possible detour." Faced with the escalation in hijackings, authorities are working with Rio Onibus to try minimize the impact, including alerting companies about upcoming police operations. Rio's police did not respond to AFP's requests for comment. During the October police operation, some 500,000 people were unable to complete their journeys, said Valente. Businesses closed and people were sent home early from work. In 2023, President Luiz Inacio Lula da Silva described images of 35 buses set ablaze around the city as "scenes one would expect to see in the Gaza Strip." A recent study showed that nearly 190,000 students were unable to make it to school between 2023 and mid-2025 due to transport disruptions. "Ninety-five percent of schools were affected. Armed violence permeates the lives of the entire population of Rio," said Maria Isabel Couto, a co-author of the study from the Fogo Cruzado Institute, which tracks armed violence in low-income communities. "Armed territorial control has a very significant impact on this disrupted mobility. But the state cannot hide behind that, because it plays a role in the production of this violence and inequality."
Sources: SpaceX plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June after the IPO roadshow launch
Peter Kafka / Business Insider: OpenAI's ambitions are easy to see. So are the doubts about its CEO. (2/11) In the fall of 2023, OpenAI's chief scientist, Ilya Sutskever, acting at the behest of fellow board members and with other concerned colleagues, compiled some 70 pages of memos about Altman and his second-in-command, Greg Brockman -- Slack messages and H.R. documents, some photographed on a cellphone to avoid detection on company devices. One memo begins with a list: "Sam exhibits a consistent pattern of..." The first item is "Lying." Separately, Dario Amodei -- who left to co-found Anthropic -- kept years of private notes on Altman and Brockman. More than 200 pages of related documents, never before publicly disclosed, have circulated in Silicon Valley. In one document, Amodei writes that Altman's "words were almost certainly bullshit."
Exclusive: SpaceX lays out IPO details, targets early June roadshow, sources say
NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. Reporting by Echo Wang in New York Writing by Dawn Kopecki; Editing by Shri Navaratnam Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Business Echo Wang Thomson Reuters Echo Wang is a correspondent at Reuters covering U.S. equity capital markets, and the intersection of Chinese business in the U.S, breaking news from U.S. crackdown on TikTok and Grindr, to restrictions Chinese companies face in listing in New York. She was the Reuters' Reporter of the Year in 2020.
Exclusive-SpaceX lays out IPO details, targets early June roadshow, sources say
NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. (Reporting by Echo Wang in New YorkWriting by Dawn Kopecki; Editing by Shri Navaratnam)
Exclusive-SpaceX lays out IPO details, targets early June roadshow, sources say
NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. (Reporting by Echo Wang in New YorkWriting by Dawn Kopecki; Editing by Shri Navaratnam)
Exclusive-SpaceX lays out IPO details, targets early June roadsho
SpaceX is planning a landmark IPO in mid‑June 2026, targeting up to a $1.75 trillion valuation and raising around $75 billion -- with an unprecedented ~30% of shares reserved for retail investors. SpaceX Unveils IPO Plans with Major Retail Investor Participation, June Roadshow SpaceX's Groundbreaking IPO Strategy and Retail Investor Focus By Echo Wang IPO Details and Retail Investor Inclusion NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. Significance of Retail Investors "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Recognition of Long-Term Supporters Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Rewriting the IPO Playbook Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. IPO Syndicate and Valuation The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. (Reporting by Echo Wang in New YorkWriting by Dawn Kopecki; Editing by Shri Navaratnam)
Exclusive: SpaceX lays out IPO details, targets early June roadshow, sources say
NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. Reporting by Echo Wang in New York Writing by Dawn Kopecki; Editing by Shri Navaratnam Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Sports Echo Wang Thomson Reuters Echo Wang is a correspondent at Reuters covering U.S. equity capital markets, and the intersection of Chinese business in the U.S, breaking news from U.S. crackdown on TikTok and Grindr, to restrictions Chinese companies face in listing in New York. She was the Reuters' Reporter of the Year in 2020.
Anthropic, Google, and Broadcom Partner for Next-Gen AI Chips - News Directory 3
Shares of Broadcom rose 3% in extended trading following the announcement. Broadcom has signed a long-term agreement to produce future versions of Google's artificial intelligence chips and expanded its partnership with AI startup Anthropic to provide significant new computing capacity. According to reporting from CNBC and Reuters on April 6, 2026, the expanded deal gives Anthropic access to approximately 3.5 gigawatts of computing capacity utilizing Google's AI processors. Broadcom's agreement with Google to develop custom AI chips extends through 2031. Shares of Broadcom rose 3% in extended trading following the announcement. Anthropic Financial Growth The infrastructure expansion follows a period of rapid financial growth for Anthropic. In a blog post, the company stated that its annualized revenue has exceeded $30 billion, an increase from approximately $9 billion at the end of 2025. Anthropic also reported that it now has more than 1,000 business clients spending over $1 million annually. This figure is double the number of such clients recorded two months prior. Consumer adoption of the company's technology has also increased. The Claude app became the top free U.S. App in Apple's App Store in February 2026, following a public dispute between Anthropic and the Pentagon. Infrastructure and Hardware Strategy Anthropic's chief finance officer, Krishna Rao, described the partnership as part of a disciplined approach to scaling infrastructure to meet customer growth and enable the development of the Claude AI model. This groundbreaking partnership with Google and Broadcom is a continuation of our disciplined approach to scaling infrastructure: 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 The company intends to locate most of this new infrastructure within the United States. Anthropic utilizes a diverse range of AI hardware to match specific workloads to the most suitable chips, including: * Google TPUs * AWS Trainium * NVIDIA GPUs Despite the expanded deal with Google and Broadcom, Reuters reports that Amazon Web Services remains the primary training partner and cloud provider for Anthropic.
SpaceX lays out IPO details, targets early June roadshow, sources say
NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. (Reporting by Echo Wang in New YorkWriting by Dawn Kopecki; Editing by Shri Navaratnam)
OpenAI, Anthropic, Google unite to combat model copying in China
Rivals OpenAI, Anthropic, and Alphabet's Google have begun working together to try to clamp down on Chinese competitors extracting results from cutting-edge US artificial intelligence models to gain an edge in the global AI race. The firms are sharing information through the Frontier Model Forum, an industry nonprofit that the three tech companies founded with Microsoft in 2023, to detect so-called adversarial "distillation" attempts that violate their terms of service, according to people familiar with the matter.
SpaceX Revolutionizes IPO Game | Technology
SpaceX has shared details of its highly anticipated IPO, emphasizing a significant allocation of shares for retail investors. The rocket maker plans to value SpaceX at up to $1.75 trillion in what could be the largest IPO ever, with a strong retail focus to honor its supportive fans. SpaceX has revealed plans for its much-awaited IPO, positioning it to become the largest in history with a valuation potentially reaching $1.75 trillion. A key focus will be retail investors who have long supported the company and its CEO, Elon Musk. Details shared during a virtual meeting with its banking team highlight SpaceX's unique strategy, prioritizing a large allocation for retail investors, termed by Chief Financial Officer Bret Johnsen as crucial. These investors have been integral to SpaceX's journey and are recognized for their steadfast support. The company plans to host 1,500 retail investors at an event in June, in conjunction with its IPO roadshow launch. This approach signifies a departure from traditional IPO models, aligning with SpaceX's innovative spirit and forward-thinking ethos.
SpaceX targets record IPO with huge retail allocation and June roadshow | investingLive
The IPO could become a defining liquidity event for global equities, drawing significant capital and attention. A large retail allocation may amplify demand and volatility, while also setting a new precedent for future mega-cap listings. SpaceX gears up for record IPO with massive retail allocation and June roadshow. Summary: SpaceX is preparing to launch what could become the largest initial public offering in history, with new details pointing to an aggressive timeline and an unprecedented push to include retail investors at scale. According to sources familiar with internal discussions, the company plans to publicly file its IPO prospectus in late May, before kicking off a formal roadshow during the week of June 8. Ahead of that launch, SpaceX is expected to convene approximately 125 analysts from its underwriting syndicate, signalling the start of a highly coordinated global marketing effort. A defining feature of the offering is set to be its unusually large retail allocation. SpaceX executives have emphasised that individual investors will play a central role in the transaction, with plans to invite around 1,500 retail participants to a dedicated investor event shortly after the roadshow begins. The company is also exploring broad international distribution, targeting retail demand across key markets including the UK, Europe, Australia, Canada, Japan and South Korea. Chief Financial Officer Bret Johnsen has indicated that the emphasis on retail participation is deliberate, reflecting both the company's strong public following and a strategic effort to reshape traditional IPO allocation dynamics. Sources say the final structure of the offering, including the precise size of the retail tranche, will be determined closer to launch. The deal is expected to be historic in scale. SpaceX is reportedly targeting a capital raise of around $75 billion, which could imply a valuation of up to $1.75 trillion. If achieved, the listing would surpass previous IPO records and mark a defining moment for equity capital markets. The syndicate briefing marks a key milestone in the process, bringing together investment banks for the first time as preparations accelerate. It also reinforces the broader narrative that SpaceX intends to "rewrite the IPO playbook," particularly through its focus on direct engagement with retail investors. Beyond the mechanics of the deal, the IPO is likely to serve as a major test of global equity appetite, particularly in a market environment shaped by geopolitical volatility and shifting interest rate expectations. Strong retail participation could amplify demand dynamics, while also introducing new considerations around pricing, allocation, and aftermarket trading behaviour.
SpaceX's Groundbreaking IPO: Retail Investors in Focus | Technology
SpaceX has shared plans for its forthcoming IPO, emphasizing a large allocation for retail investors. CFO Bret Johnsen highlighted the crucial role retail investors have played in supporting the company. The IPO aims to raise $75 billion, valuing SpaceX at approximately $1.75 trillion, marking it as potentially the largest IPO ever. SpaceX has unveiled plans for its highly anticipated initial public offering (IPO), set to include an unprecedented portion dedicated to retail investors. These details were shared in a meeting with its team of bankers Monday night, according to reliable sources. Chief Financial Officer Bret Johnsen emphasized the significance of retail investors, describing them as a crucial segment of supporters for both SpaceX and Elon Musk. Johnsen remarked, 'Retail is going to be a critical part of this and a bigger part than any IPO in history,' during a virtual meeting. The IPO is anticipated to be the largest ever, potentially raising $75 billion and valuing the company at $1.75 trillion. This move is part of a strategy to recognize individual investors who have long endorsed the company's vision and initiatives.
Anthropic's revenue surges to $30 billion amid Broadcom partnership
Anthropic PBC has reported a significant increase in its revenue run rate, now exceeding $30 billion, a dramatic rise from $9 billion at the end of 2025. The company has also confirmed a strategic partnership with Broadcom Inc. and Google, aimed at enhancing its operational capabilities. This collaboration is expected to bolster Anthropic's growth trajectory in the competitive AI landscape.
OpenAI, Anthropic, and Google collaborate to prevent AI model copying in China
OpenAI, Anthropic, and Google have formed a coalition aimed at addressing the issue of Chinese firms replicating advanced AI models developed in the United States. This partnership seeks to protect intellectual property and maintain competitive advantages in the rapidly evolving AI landscape. By uniting their efforts, these tech giants hope to set a precedent for ethical AI development and usage globally.
India's tech talent chill; Polymarket's IPL moment
Happy Tuesday! The tech sector is seeing a slowdown in hiring driven by internal cost controls. This and more in today's ETtech Morning Dispatch. Also in the letter: ■ Nandan Nilekani's next global rail ■ Wingify raises funds ■ Nykaa's Q4 outlook India's tech slowdown is getting harder to ignore. Active openings fell another 8% in April to 110,000 from 119,000 in March, per staffing firm Xpheno. Number-wise: Structural reset: Industry executives say clients are deferring mandates rather than scrapping them, while tech firms are squeezing more out of existing teams and tools. "The slowdown is now being driven more by internal cost control. Organisations are prioritising productivity, leveraging AI to reduce incremental hiring, and focusing on margin expansion. This is a structural reset rather than a cyclical dip," Sanketh Chengappa, director at Adecco India, said. Ground shift: The shift is evident in how companies are designing their workforce. "Short-term hiring is more prominent in IT services companies as they want to keep their hiring decisions flexible while being able to get the right talent at the right time," TeamLease Digital's Neeti Sharma noted. Also Read: India's tech hiring opens FY27 on a cautious note with fresher roles under most pressure: Report India's real-money gaming (RMG) crackdown has created a curious winner: US-based prediction markets like Polymarket and Kalshi, which are quietly picking up Indian Premier League (IPL) traffic. The post-ban gap: Still a niche corner: Usage is far from mainstream. For now, these platforms mostly attract urban, crypto-savvy users. But activity is building. In one IPL-linked market, trading volumes have crossed $250,000, with the Mumbai Indians currently placed as favourites for the 2026 title. Where it gets tricky: Payments. Unlike offshore betting sites such as Parimatch, 1XBet and Stake, these platforms are fully crypto-native. Legal grey zone: Experts warn that funding such platforms may run afoul of India's foreign exchange rules under FEMA. Enforcement levers remain: Even if these platforms sit outside legal jurisdiction, legal experts say authorities are not powerless. The government retains the power to restrict access to such platforms under existing laws. (L-R) Sujith Nair, Pramod Varma and Siddharth Shetty, founders, NFH Nandan Nilekani and Pramod Varma, architects of the Unified Payments Interface (UPI), are now trying to rewire how the world trades and moves value. Their new non-profit, Networks for Humanity, is building an open digital fabric for identity, payments, assets, and commerce. What they are after: NFH wants to take the design logic behind Aadhaar and UPI and apply it to global commerce and financial assets. The goal is to create neutral, interoperable rails that anyone can plug into, rather than rely on a few dominant platforms. Backers include Google.org, Nilekani Philanthropies, Asian Development Bank, Spectrum Impact, and the Bill & Melinda Gates Foundation. How does it work: NFH combines Beckn Protocol, which supports open commerce networks, with Finternet, which focuses on how assets are represented and moved digitally across systems. Together, they form a plumbing layer where buyers, sellers, service providers and even AI agents can find each other and close deals without a central gatekeeper. What's funded: NFH has raised about $30 million to run pilots, seed partnerships, and build out the ecosystem. The tech stack itself is relatively lean. The harder problem is coordination and adoption across regulators, banks, fintechs, and merchants. The architecture is being designed for an "agentic" future, where AI agents, not humans, will increasingly search, negotiate, and execute transactions. Millions of these agents could continuously optimise prices, match buyers and sellers, and complete transactions on behalf of users. Sparsh Gupta, CEO, Wingify Wingify's $150 million raise: Private equity firm (PE) Everstone Capital has led a Rs 1,381-crore ($150 million) infusion into software company Wingify, which it acquired in early 2025. Nykaa on fourth quarter growth: Nykaa's parent FSN E-Commerce Ventures said on Monday that its consolidated GMV growth is expected to be in the "late twenties" in the March quarter of FY26, and net revenue growth for the year is expected to come in at the upper end of the "mid-twenties". Wipro's $1 billion deal: IT services firm Wipro has secured an eight-year transformation deal with Singapore-based food and agri-business major Olam Group, which is expected to exceed $1 billion (about Rs 9,314 crore) in contract value. ■ Microsoft launches 'mid-class' AI model as compute limits bite (FT) ■ "Data embassies" and safeguarding digital assets during wartime (Rest of World) ■ How China fell for a lobster: What an AI assistant tells us about Beijing's ambition (BBC)
Anthropic inks deal with Google to power Claude with next-gen TPUs
Anthropic has tonight announced a major deal that will see Google and Broadcom powering Claude through next-generation TPU capacity starting as soon as next year. In a blog post, Anthropic explains that it has signed a new agreement with Google and Broadcom for "multiple gigawatts of next-generation TPU capacity" that could start as soon as 2027, depending on when that hardware comes online. Once available, this will power "frontier Claude models" and serve growing demand for Claude. The new capacity is largely based in the US, Anthropic says: We have signed a new agreement with Google and Broadcom for multiple gigawatts of next-generation TPU capacity that we expect to come online starting in 2027. This significant expansion of our compute infrastructure will power our frontier Claude models and help us serve extraordinary demand from customers worldwide... The vast majority of the new compute will be sited in the United States, making this partnership a major expansion of our November 2025 commitment to invest $50 billion in strengthening American computing infrastructure. The partnership deepens our existing work with Google Cloud -- building on the increased TPU capacity we announced last October -- as well as our relationship with Broadcom. Anthropic adds that demand for Claude services has increased significantly in 2026 so far, with revenue also growing. Apparently, the number of business customers spending over $1 million annually for Claude has more than doubled in less than two months.
Anthropic boasts revenue run rate of $30 billion as the Claude developer expands its partnership with Google and Broadcom
Anthropic's revenue run rate is higher than the trailing 12-month revenues of all but 129 S&P 500 companies. If it seems like public markets have soured on major elements of the AI trade, maybe that's because the focus has shifted to the boom's star performer in private markets. Anthropic said that its annual revenue run-rate -- an extrapolation of recent sales over a full year -- has spiked from roughly $9 billion at the end of 2025 to more than $30 billion. In the past 12 months, fewer than 130 S&P 500 companies booked at least $30 billion in sales. OpenAI, Anthropic's rival, said at the end of March that it was generating $2 billion per month, putting its annual revenue run-rate in the neighborhood of $24 billion. "When we announced our Series G fundraising in February, we shared that over 500 business customers were each spending over $1 million on an annualized basis," per Anthropic's press release. "Today that number exceeds 1,000, doubling in less than two months." These revelations from the Claude creator came as the firm announced an expansion of its partnership with Google and Broadcom. According to a filing from Broadcom, Anthropic will access 3.5 gigawatts of TPU-based AI compute capacity (read: Google's custom chips) beginning in 2027. "This significant expansion of our compute infrastructure will power our frontier Claude models and help us serve extraordinary demand from customers worldwide," said Anthropic.
