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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
Anthropic Makes $13.7 Compute Deal With Trump-Linked Rum Group
2+ hour, 55+ min ago (462+ words) Anthropic has reportedly signed a $13.7 billion deal with Rum Group, a social media/AI infrastructure company. The six-year deal with Rum — which owns conservative-leaning video platform Rumble, and is linked to President Donald Trump’s administration — was reported Monday (Sept. 14) by…...
Anthropic Could Land Nvidia as $10 Billion IPO Investor
21+ hour, 12+ min ago (446+ words) Anthropic is reportedly in talks to have Nvidia invest in its landmark stock market listing. The chipmaker would come on as an anchor investor for Anthropic’s initial public offering (IPO), Reuters reported Friday (Sept. 11), citing sources familiar with the matter....
OpenAI Pauses IPO Plans Amid AI Safety Worries
22+ hour, 47+ min ago (452+ words) OpenAI has reportedly postponed plans to go public amid corporate concerns about artificial intelligence safety. The AI startup’s initial public offering (IPO) will not take place in 2026, CEO Sam Altman said in an interview with Fortune on Friday (Sept. 11), saying…...
OpenAI Focuses On Investment Banking Ahead of Wider Financial Services Rollout
3+ day, 21+ hour ago (275+ words) OpenAI has introduced a tailored ChatGPT Work experience designed for financial institutions, the company said in a Thursday (Sept. 10) press release. ChatGPT for Financial Services is initially focused on investment banking and equity research, and it is designed to help…...
OpenAI Cuts Off Rivals??? Ads on ChatGPT
4+ day, 3+ hour ago (592+ words) OpenAI cut off ChatGPT ads for any product that competes with its own image and audio tools, and Adobe found out the hard way, losing the ability to promote its Firefly image generator without warning. OpenAI just shipped ChatGPT Images…...
Anthropic Wants More Control Over Its Payments Stack
6+ day, 2+ hour ago (163+ words) Anthropic is evaluating which parts of its billing, payments, fraud and tax infrastructure to build in-house, cutting its reliance on Stripe. The company’s revenue jumped to more than $11.5 billion last quarter, up from $787 million a year earlier, growth fast enough…...
Anthropic Scuttles Plans to Acquire AI Company Decart
6+ day, 9+ hour ago (439+ words) Anthropic has reportedly walked away from a $6 billion deal to acquire AI startup Decart. That’s according to a report late Monday (Sept. 7) by Bloomberg News, citing sources familiar with the matter. Anthropic had been considering a deal and had conducted…...
ByteDance Lands $29.6 Billion Loan to Fuel AI Advances
1+ week, 21+ hour ago (464+ words) China’s ByteDance has reportedly secured a $29.6 billion loan from nearly 30 banks. That’s according to a report Friday (Sept. 4) from Reuters, which says the TikTok owner’s plans for artificial intelligence have attracted strong interest from lenders. The loan is the second-biggest…...
Anthropic Said to Postpone IPO to Just Before Midterms
1+ week, 23+ hour ago (447+ words) Anthropic is reportedly pushing back its initial public offering (IPO) to late October. The artificial intelligence company had been expected to release its IPO prospectus as soon as this week, Reuters reported Friday (Sept. 4), citing sources familiar with the matter....
OpenAI and Anthropic Get 80% of Revenue From 1% of Customers
1+ week, 3+ day ago (243+ words) The top 1% of customers generate 80% of enterprise revenue at both OpenAI and Anthropic, a concentration that hasn’t eased even as more businesses start paying for generative AI. At Anthropic, two customers, Cursor and GitHub Copilot, account for close to a…...