Google and Amazon are the reason for Anthropic’s eye-watering $42 billion loss
Anthropic’s soaring valuation means that its prospectus shows blow out losses, thanks to how the tech giants’ investments in the AI firm were structured.
Iain Martin, Forbes Staff
These fitness fans took bootleg peptides. It landed them in the hospital.
A class of peptides that are meant to stimulate human growth hormone has been linked with a spat of severe allergic reactions and anaphylactic shock-like symptoms.
A tiny startup helping Google take on Nvidia is now worth $18 billion
A little-known company called Fluidstack has become a test bed for Google’s plans to push its own AI chip. That’s helped it hit a $18 billion valuation and minted its founders as new billionaires.
VCs are so obsessed with this AI assistant that its valuation jumped fivefold in weeks
A hot new AI agent called Instinct was valued at $500 million earlier in August, sources say. Now it’s raising a new round at a $2.5 billion valuation from Benchmark and Index.
How TikTok profits off drug dealer ads for cocaine, opioids and Xanax
The Chinese-owned social network has been flooded with advertisements pushing street drugs and prescription pills like codeine, benzos and Adderall.
TikTok’s international revenues boom to $9.1 billion despite looming fines
TikTok made $9.1 billion and its first profit in Europe and Latin America but faces a wave of lawsuits and investigations from European regulators.
How Bending Spoons built a $18.4 billion empire by buying internet has-beens like AOL
Buying busted apps made Bending Spoons’s four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based startup scrap yard listed on Nasdaq at an $18.4 billion valuation.
Former OpenAI researcher to raise $500 million for AI science startup
Periodic Labs, which plans to push breakthroughs in physics and chemistry using artificial intelligence, has seen its valuation jump sixfold in just eight months.
Abu Dhabi’s hidden stake in one of venture capital’s biggest players
A workplace lawsuit has opened the lid on the little-known ownership structure of Insight Partners, an investor in OpenAI and Anthropic: It is now partially owned by the government of Abu Dhabi.
Inside the race to sell OnlyFans
OnlyFans has been a money-printing machine for its secretive billionaire owner Leonid Radvinsky. Investors were puzzled by an obscure debt fund’s pitch to buy him out, until they learned of his terminal cancer diagnosis.