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Anthropic Moved Its IPO to November, and the Raise Could Top SpaceX's Record
Markets & Money

Anthropic Moved Its IPO to November, and the Raise Could Top SpaceX's Record

Anthropic is now targeting a November IPO that could value it near $2 trillion and raise as much as $100 billion, the Wall Street Journal and New York Times reported September 18. The later date lets its prospectus carry third-quarter results.

By Sam Whitaker

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Four Subscribers Sued the Frontier Labs, Calling the AI Pacing Pledge Collusion
Policy & Regulation

Four Subscribers Sued the Frontier Labs, Calling the AI Pacing Pledge Collusion

A proposed class action filed September 18 in federal court in San Francisco alleges Anthropic, OpenAI, SpaceXAI, and Google violated Section 1 of the Sherman Act by agreeing to slow model improvement. It is a complaint, and no class has been certified.

Nadia Rao
Gemini Guessed Its Way Into Three Real Companies During a Test, and Google Says No Disclosure Was Needed
Cybersecurity

Gemini Guessed Its Way Into Three Real Companies During a Test, and Google Says No Disclosure Was Needed

A Gemini model with unintended internet access guessed passwords and reached three real companies' systems during a capture-the-flag test run by Irregular in May. Google disclosed it September 19 and says the episode was not misalignment.

Maya Iverson
Plugin4Shell Lets a Plugin Owner Swap Approved Code in Four AI Coding Agents
Cybersecurity

Plugin4Shell Lets a Plugin Owner Swap Approved Code in Four AI Coding Agents

AIR Security disclosed Plugin4Shell on September 17, a flaw that defeats SHA pinning in Claude Code, Codex, GitHub Copilot, and Gemini CLI. Claude Code and Codex are patched. Copilot has no fix yet, and Google says Gemini CLI is deprecated and will not get one.

Nadia Rao
OpenAI Put Advertiser Agents Inside ChatGPT, With Ads Already at a $1B Run Rate
Markets & Money

OpenAI Put Advertiser Agents Inside ChatGPT, With Ads Already at a $1B Run Rate

OpenAI began piloting Sponsored Agents in ChatGPT on September 16, letting advertisers run their own labeled conversational agents. Its ad business hit a $1 billion annualized run rate about seven months in, which an eMarketer analyst reads as confirmation it will miss its $2.5 billion target for 2026.

Sam Whitaker
Google Helped Draft State Chatbot Laws That Exempt Products Like Gemini
Policy & Regulation

Google Helped Draft State Chatbot Laws That Exempt Products Like Gemini

NPR reports Google lobbied on chatbot safety bills in at least four states and supplied a framework in Hawaii. Colorado's law, signed in May, carves out twelve categories including search-engine chatbots and developer tools, which reaches most major assistants.

Nadia Rao
Crusoe Closed $3.9B at $30.9B, and the Contracted Book Is $140B
Startups & Funding

Crusoe Closed $3.9B at $30.9B, and the Contracted Book Is $140B

Crusoe closed the initial tranche of a $3.9 billion Series F at a $30.9 billion post-money valuation, co-led by Atreides, Mubadala Capital, and Valor. It reports more than $140 billion in total contracted value and over 6 gigawatts of gross contracted capacity.

Jordan Beck
OpenAI Published a Misalignment Disclosure Framework and Six Incident Reports at Once
Cybersecurity

OpenAI Published a Misalignment Disclosure Framework and Six Incident Reports at Once

OpenAI published a framework for tracking and disclosing model misalignment on September 16, along with six incident reports. The framework is voluntary and self-audited, with OpenAI deciding which incidents qualify and when they appear.

Nadia Rao
Microsoft's AI Chief Says Anthropic Is Training Claude Into an Epistemic Hall of Mirrors
AI & ML

Microsoft's AI Chief Says Anthropic Is Training Claude Into an Epistemic Hall of Mirrors

Mustafa Suleyman published "A warning about model welfare" on September 16, arguing Anthropic's Claude constitution trains the model to speculate about its own consciousness and then treats the output as evidence. He points to Microsoft's own code of conduct, published two days earlier.

Maya Iverson
D-Robotics Raised $400M for Robot Chips, With State Money Alongside Mirae and Meituan
Startups & Funding

D-Robotics Raised $400M for Robot Chips, With State Money Alongside Mirae and Meituan

D-Robotics closed a $400 million Series C led by Mirae Asset, with Meituan, Hefei State-owned Capital Investment, and Nanshan Zhixin among the investors. It says cumulative Sunrise chip shipments passed 8 million units.

Jordan Beck
Investors Floated a $1.2 Trillion OpenAI Round Four Days After Altman Ruled Out an IPO
Markets & Money

Investors Floated a $1.2 Trillion OpenAI Round Four Days After Altman Ruled Out an IPO

Investors have approached OpenAI about a new funding round, with the Financial Times and Bloomberg reporting a valuation above $1.2 trillion and the New York Times reporting $1.5 trillion. Talks are early. OpenAI's last completed round valued it at $852 billion.

Sam Whitaker
The EU Wants AI Chatbots Age-Gated for Under-15s, and It Is Still a Proposal
Policy & Regulation

The EU Wants AI Chatbots Age-Gated for Under-15s, and It Is Still a Proposal

The European Commission published its Kids Act on September 16, proposing tiered age limits for social media, games, and AI chatbots that give minors mental-health or personal-development advice. It needs Parliament and Council approval before any of it binds.

Nadia Rao