Latest Business News

• Anthropic revenue reportedly jumps to more than $11.5 billion in second quarter
  The jump in revenue underscores the rapid growth of the Claude chatbot maker as it prepares for a potential blockbuster initial public offering.
• Inflation moderated as Intel and Nvidia fueled the AI trade in last week's market
  No surprises on inflation and new financing developments in the artificial intelligence trade drove the record-breaking action on Wall Street last week.
• How long will software-defined cars last? The auto industry doesn't know yet
  Cars that run on software offer benefits automakers and many customers say older cars cannot compete with. But some analysts worry the vehicles might not last.



• I drove Tesla FSD, Rivian Autonomy+ ?hands-free? driving systems. Here?s how they compare
  Rivian is trying to catch up to Tesla's "hands-free" capabilities, but with additional safety guardrails that the Elon Musk company doesn't have.
• Nvidia discloses $21 billion stake in SpaceX at end of second quarter
  Nvidia's stake in SpaceX, which came through an investment in xAI, was worth about $21 billion at the end of the second quarter.
• OpenAI CFO Friar tells investors that enterprise business now bigger than consumer by revenue
  OpenAI CFO Sarah Friar met with investors following a week of turmoil in the C-suite that included the sudden departure of revenue chief Denise Dresser.
• OpenAI talent exodus raises 'huge red flag' ahead of IPO
  OpenAI's C-suite turnover gives investors another reason for concern as the company pushes toward a mammoth IPO.
• Drone stocks rally after Trump orders tariffs on foreign-made components
  The U.S. is looking to scale defense manufacturing and chip away at China's drone dominance.