Anthropic quietly becomes AI's revenue leader at a $47B run rate
The money hour: Anthropic eyes an October IPO, Bezos backs a $450M materials lab, and Oracle pays for Stargate with 30,000 jobs.
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Anthropic's $47B run rate - and an S-1
Annualized revenue crossed $47B in May, up from $14B in February, with roughly $559M in projected Q2 operating profit. A confidential S-1 filed in June targets an October Nasdaq listing.
Claude Code eats coding
At $2.5B annualized, Claude Code overtook GitHub Copilot and Cursor within 8 months of launch and now touches roughly 4% of all public GitHub commits.
Bezos and Nvidia back CuspAI at $2.6B
The British materials-discovery startup raised $450M to hunt for new materials aimed at semiconductors, clean energy and advanced manufacturing.
a16z leads $100M into agent security
Boston-based Natural announced combined seed and Series A financing for securing AI agent workflows, with Andreessen Horowitz, Bessemer and Craft participating.
Oracle's 30,000-job Stargate bill
Oracle plans cuts of up to 30,000 roles to help fund the $500B Stargate datacenter buildout.
SAP's billion-euro European bet
SAP put over a billion euros behind a European frontier lab explicitly betting on something other than chatbots.