Elon Musk called an all‑hands meeting at his artificial‑intelligence firm xAI to unveil a plan for a lunar manufacturing facility that would produce AI satellites and launch them via a giant catapult. The announcement came as several co‑founders, including Tony Wu and Jimmy Ba, announced their departures, bringing the total of founding members who have left to six of the original twelve. Musk linked the moon factory to the company’s broader ambition to build the world’s most powerful AI model, and hinted that the move could dovetail with an upcoming public offering. The shift underscores Musk’s broader vision of integrating his multiple ventures—Tesla, SpaceX, Neuralink, and the Boring Company—into a single, data‑rich ecosystem. Read more →

Co‑founder Yuhuai "Tony" Wu announced his exit from Elon Musk's xAI, marking the fifth departure from the company’s original 12‑person founding team. Recent exits include infrastructure lead Kyle Kosic, Google veteran Christian Szegedy, venture‑firm founder Igor Babuschkin, and former Microsoft employee Greg Yang, who cited health concerns. While the departures are described as amicable, analysts note a mix of factors such as Musk’s demanding leadership style, the pending IPO, product issues with the Grok chatbot, and controversies surrounding the company’s image‑generation tools. The talent turnover raises questions about xAI’s ability to retain key researchers as it prepares for an IPO. Read more →

Anthropic is in the final stages of raising a $20 billion capital infusion at a valuation of $350 billion, according to Bloomberg. Investor demand has pushed the company to seek twice the amount it originally targeted. The round includes participation from a range of venture firms and strategic partners, notably Nvidia and Microsoft, which are expected to provide the bulk of the funding. Anthropic recently rolled out new AI models for legal and business research and introduced coding agents that have been praised for boosting developer productivity. The fundraising effort comes amid intense competition among frontier AI labs and rising compute costs, with rivals like OpenAI also gearing up for large capital raises and potential IPOs. Read more →

Anthropic announced it is raising twice the amount originally planned, increasing its target from $10 billion to $20 billion. The expanded round aims to bring the company’s valuation to $350 billion and includes investors such as Sequoia Capital, Singapore’s sovereign wealth fund, and Coatue. The move follows a prior $13 billion raise that set a $183 billion valuation and follows reports that the firm is preparing for an initial public offering later this year. Read more →

Anthropic is set to secure a fresh $10 billion financing round that would lift its valuation to $350 billion, according to sources. The round is being led by Coatue Management and Singapore’s sovereign‑wealth fund GIC and is distinct from a separate $15 billion commitment from Nvidia and Microsoft. The new capital arrives as Anthropic rolls out Claude Code, a tool for automated coding, and eyes a potential initial public offering later this year, while rival OpenAI pursues its own massive fundraising effort. Read more →

Anthropic has retained law firm Wilson Sonsini to begin preparations for an initial public offering that could occur as early as 2026. The AI startup is running an internal checklist and exploring a new funding round that might value the company at over $300 billion. While no underwriter has been selected, the firm is in talks with investment banks and continues to build on its recent $13 billion raise that set its valuation at $183 billion. The move comes as peers such as OpenAI are also testing IPO waters. Read more →

ClickUp has refreshed its productivity platform with a 4.0 release that introduces two AI assistants, aiming to create a single‑shop solution that rivals Slack, Notion and Microsoft Teams. The new agents draw on internal knowledge bases and external tools such as Google Drive, OneDrive, Figma and Gmail, while a general‑purpose assistant called Brain can schedule meetings, generate ideas and draft content. CEO Zeb Evans highlighted the company’s eight‑year vision, recent revenue growth past $300 million, and plans to go public within two years. ClickUp’s funding totals more than $537 million from investors including a16z, Tiger Global, Craft Ventures and Lightspeed. Read more →

OpenAI chief executive Sam Altman told listeners that the company’s revenue exceeds the $13 billion figure that has been reported, and he brushed off speculation about an imminent public listing. Speaking alongside Microsoft chief Satya Nadella, Altman emphasized the firm’s steep revenue growth, its massive compute‑spending commitments, and the long‑term focus on AI products such as ChatGPT. While acknowledging critics’ concerns, he said the company is well‑positioned and has no concrete plans to go public in the near future. Read more →