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Anthropic has received offers for a new funding round that could value the company at approximately $800 billion or higher.
Anthropic has an Annual Recurring Revenue (ARR) of $30 billion.
Anthropic has surpassed OpenAI and other frontier LLMs in the specific application of coding agents.
Anthropic has surpassed OpenAI's Annual Recurring Revenue (ARR).
OpenAI was able to raise $120 billion before Anthropic surpassed its ARR.
Hermes revealed that over 50% of its sales in France are from tourists, a higher-than-expected exposure that surprised the market.
Stellantis is considering reviving a partnership with China's Dongfeng Motor to jointly produce cars in Europe and China.
Across the six largest U.S. banks, equities trading revenue grew 25% and fixed income trading revenue grew 11% in the first quarter.
M&A activity in the first quarter was up 68% year-over-year.
Wall Street banks cut 5,000 jobs in the first quarter of the year.
PNC Financial Services Group CEO Bill Demchak stated that the bank expects virtually no losses from its private credit portfolio, even in a recession.
AI companies like Anthropic and OpenAI require significant capital infusions because they are compute constrained and lack the free cash flow of hyperscalers to fund CapEx.