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Anthropic is reportedly receiving unsolicited term sheets from investors at a valuation of $800 billion or higher, a significant increase from its $350 billion valuation in February.
Anthropic is currently rebuffing investor offers to raise capital at a valuation of $800 billion or more.
Anthropic is reportedly facing a time crunch to conduct an IPO as soon as October.
Meta has expanded its multi-billion dollar partnership with Broadcom to design and build custom chips for its AI initiatives.
ASML confirmed it is increasing its production capacity to at least 80 EUV tools per year by 2027, up from at least 60 tools per year currently.
A project called TerraFab proposes building fabs operated by Tesla, SpaceX, and xAI that would eventually house one terawatt of compute capacity.
The IMF's Managing Director believes the likelihood of the global economy avoiding a recession depends on the duration of the conflict in the Middle East and the extent of regional infrastructure damage.
The United States is the only major economy currently experiencing high productivity growth.
The IMF has increased its global inflation projection from 3.8% to 4.2%.
The Venezuelan economy has shrunk to one-third of its former size, and eight million people have emigrated from the country.
The geopolitical situation in the Strait of Hormuz is a critical vulnerability for the global economy, according to the Bundesbank president.
Snap is cutting its workforce by 16%, which amounts to approximately 1,000 jobs.