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Latest in Anthropic raises $3.5 billion, reaching $61.5 billion valuation as AI investment frenzy continues

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  • Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

    Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

    Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.
    NBC News - Feb. 21

  • Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

    Bybit, a major cryptocurrency exchange, has been hit by the largest crypto heist in history.
    CNBC - Feb. 22
  • Newsom requests nearly $40 billion in disaster aid following Los Angeles wildfires

    Newsom requests nearly $40 billion in disaster aid following Los Angeles wildfires

    California Gov. Gavin Newsom (D) sent a letter to members of Congress requesting nearly $40 billion in funding to rebuild communities after wildfires devastated the Pacific Palisades and Altadena ...
    The Hill - Feb. 23
  • California Gov. Gavin Newsom asks Congress for nearly $40 billion for Los Angeles wildfire relief

    California Gov. Gavin Newsom asks Congress for nearly $40 billion for Los Angeles wildfire relief

    SACRAMENTO, Calif. — California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires, which he said ...
    NBC News - Feb. 23

  • Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion

    Berkshire Hathaway reported fourth-quarter results on Saturday. The company's Class A shares popped more than 25% in 2024.
    CNBC - Feb. 24

  • Just Eat shares soar 54% after Prosus offers to buy food delivery firm for $4.3 billion

    Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in a deal worth roughly 4.1 billion euros ($4.3 billion).
    CNBC - Feb. 24

  • Crypto exchange Bybit says it fully replenished reserves after record $1.5 billion hack

    Bybit said it recovered nearly 447,000 ether tokens, replenishing its reserves through a mix of emergency loans and whale deposits.
    CNBC - Feb. 24

  • Munich Re announces buybacks even after saying it expects $1.2 billion in claims from California fires

    Shares of Munich Re climbed on Wednesday after the German reinsurer stuck to its outlook, despite announcing hefty expected claims from California wildfires.
    MarketWatch - 5d
  • Eli Lilly to spend up to $27 billion in new domestic plants amid Trump tariff threat

    Eli Lilly to spend up to $27 billion in new domestic plants amid Trump tariff threat

    Drugmaker Eli Lilly plans to invest up to $27 billion to build four new pharmaceutical manufacturing sites in the U.S., the company announced Wednesday, a move that comes as President Trump is ...
    The Hill - 5d
  • Musk’s cost-cutting drive quietly deletes billions in claimed savings from website

    Musk’s cost-cutting drive quietly deletes billions in claimed savings from website

    ‘Wall of receipts’ drops five largest savings claimed by ‘department of government efficiency’ after debunking. US politics live – latest updates When Elon Musk ’s cost-cutting drive, the ...
    The Guardian - 5d

  • Eli Lilly to spend $27 billion to expand U.S. manufacturing with four new sites

    Eli Lilly & Co.’s stock rose 1.6% Wednesday, after the drug company announced plans to expand its U.S. manufacturing sites by adding four more locations this year, along with 13,000 high-wage jobs.
    MarketWatch - 5d
  • CBS must defend our free press, not settle Trump's $20 billion lawsuit

    CBS must defend our free press, not settle Trump's $20 billion lawsuit

    CBS has some figuring out to do with regards to free expression.
    The Hill - 5d
  • Trump praises Doge in first cabinet meeting and claims ‘billions’ in savings without evidence – live

    Trump praises Doge in first cabinet meeting and claims ‘billions’ in savings without evidence – live

    Elon Musk attends first cabinet meeting of Trump’s second term amid chaos and confusion caused by his efforts to cull the federal government workforce. Trump’s first full cabinet meeting ...
    The Guardian - 5d
  • VA pauses billions in cuts lauded by Musk as lawmakers and veterans decry loss of critical care

    VA pauses billions in cuts lauded by Musk as lawmakers and veterans decry loss of critical care

    The Department of Veterans Affairs has temporarily suspended billions of dollars in contract cuts after an uproar that critical veterans health services were harmed, lawmakers and veterans service ...
    ABC News - 5d
  • CFPB moves to drop suit accusing Capital One of cheating customers out of $2 billion

    CFPB moves to drop suit accusing Capital One of cheating customers out of $2 billion

    The Consumer Financial Protection Bureau is moving to drop a suit against Capital One brought during the Biden administration just last month that accused the bank of cheating customers out of a ...
    NBC News - 4d
  • ICE signs $1 billion contract with private firm for New Jersey detention center

    ICE signs $1 billion contract with private firm for New Jersey detention center

    The U.S. Immigration and Customs Enforcement (ICE) said Wednesday it would reopen a 1,000-bed New Jersey detention center after signing a $1 billion contract with a private global lender. ICE will ...
    The Hill - 4d
  • UN talks end in Rome with nations backing $200 billion a year plan to protect nature

    UN talks end in Rome with nations backing $200 billion a year plan to protect nature

    Yahoo News - 4d
  • Index funds saved billions in fees. Now the industry wants its money back.

    Index funds saved billions in fees. Now the industry wants its money back.

    Innovations may be a costly trap
    Financial Times - 4d

  • Trump says a minerals deal with Ukraine is worth billions. It might not be as valuable as he hopes

    Analysts questions the size of Ukraine's natural resources deposits, how accessible they are and easy to extract, and the ultimate value of a potential deal.
    CNBC - 3d

  • Trump tariffs will hit over $200 billion in U.S.-Canada-Mexico cross-border rail trade

    Over $200 billion in trade is carried by freight rails between the US, Canada and Mexico, with auto parts, oil, lumber, ag, and chemicals linking the economies.
    CNBC - 3d

  • How a $5 million fix turned Paramount Pictures' 'Sonic' into a billion-dollar franchise

    Paramount Picture's redesign of the titular character in its "Sonic the Hedgehog" film has resulted in a $1.2 billion franchise five years later.
    CNBC - 2d

  • With $1 billion in salary IOUs, the Dodgers spark new questions about MLB's fairness

    The Los Angeles Dodgers' unprecedented deferral of over $1 billion in active player contracts has sparked controversy among MLB fans concerned about fair play.
    CNBC - 2d
  • U.K.'s Keir Starmer pledges $2 billion to help Ukraine buy missiles

    U.K.'s Keir Starmer pledges $2 billion to help Ukraine buy missiles

    European leaders were meeting in London on Saturday hoping shore up support for Ukrainian President Volodymyr Zelenskyy after President Donald Trump berated him live on television, calling into ...
    NBC News - 1d
  • How a $5 million fix turned Paramount Pictures' 'Sonic' into a billion-dollar franchise

    How a $5 million fix turned Paramount Pictures' 'Sonic' into a billion-dollar franchise

    Sonic the Hedgehog may be able to run faster than the speed of light, but his film franchise nearly came to a screaming halt in 2019.
    NBC News - 9h
  • TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years

    TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years

    The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.
    The New York Times - 6h

  • Swiss Re expects L.A. wildfires to cost the global insurance industry $40 billion, making them the costliest U.S. fires ever

    Swiss Re said that its losses from the Los Angeles wildfires would come in under $700 million and that it had no plans to “pull back” from California.
    MarketWatch - 4d

  • ‘Trump is kicking ass’: supporters cheer president’s frenzied first weeks

    Core voters in Georgia are keeping the faith as the US administration tears up the rule book
    Financial Times - 3h

  • Trump envoy describes 3.5-hour meeting with Putin in Moscow

    Steve Witkoff described a three-and-a-half-hour meeting he held with Russian President Vladimir Putin earlier this month, part of what he called a "trust-building" assignment.
    CBS News - Feb. 23
  • Anthropic’s C.E.O., Dario Amodei, on Surviving the A.I. Endgame

    Anthropic’s C.E.O., Dario Amodei, on Surviving the A.I. Endgame

    “I’m just worried that it’ll be a shock to people when it happens.”
    The New York Times - 3d
  • Peter Thiel-backed fintech Ramp nearly doubles valuation to $13bn

    Peter Thiel-backed fintech Ramp nearly doubles valuation to $13bn

    US payments start-up completes share sale as business rebounds after period of low customer spending
    Financial Times - 20h

  • What Nvidia’s market valuation says about where the stock will be in 5 years

    A good company whose stock is overvalued can still be a great disappointment.
    MarketWatch - 10h
  • DOGE’s Chaos Reaches Antarctica

    DOGE’s Chaos Reaches Antarctica

    Daily life at US-run Antarctic stations has already been disrupted. Scientists worry that the long-term impacts could upend not only important research but the continent’s delicate geopolitics.
    Wired - 4d

  • Is China investable again?

    It always was — at the right price and for those with eyes wide open to the economic downside
    Financial Times - Feb. 24

  • Trump makes investment announcement

    Watch live coverage as President Trump makes an investment announcement at the White House.
    NBC News - 17h
  • Fluidstack in talks to raise $200m

    Fluidstack in talks to raise $200m

    Yahoo News - Feb. 21
  • Anthropic Launches Claude 3.7 Sonnet, Its Most Advanced Model Ever

    Anthropic Launches Claude 3.7 Sonnet, Its Most Advanced Model Ever

    The new model gives business owners more control over their AI budget.
    Inc. - Feb. 24
  • Search continues for missing Durham runner

    Search continues for missing Durham runner

    Jenny Hall, a keen long-distance runner, is described as 6ft (1.8m) tall with very long dark hair.
    BBC News - Feb. 23

  • Tesla’s stock skid pushes valuation below $1 trillion for the first time in 3 months

    Tesla’s closing market cap slides below $1 trillion for the first time since mid-November.
    MarketWatch - 6d
  • Eight investment rules to live and die by

    Eight investment rules to live and die by

    My father enjoyed a long retirement on a modest pension — here’s how he did it
    Financial Times - Feb. 21
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  • Anthropic Raises 3.5
  • Raises 3.5 Billion
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