AI company Anthropic said on Sunday it plans to set up a charitable LLC called the 'Anthropic Public Benefit Fund,' with company stock as its sole asset. The fund would receive larger stakes as the company grows, starting with an initial commitment of 5% of Anthropic's shares that remains subject to shareholder approval. That 5% stake is valued at about $48 billion. The move mirrors rival OpenAI's creation of a similar nonprofit foundation in 2025.

Warren Buffett's storied company has historically avoided tech stocks, but Bending Spoons is a long-term acquirer that prizes ownership and learning.

Microsoft AI CEO said its latest AI model outperforms an OpenAI base model on certain pre-training metrics using a quarter of the compute.

The AI skeptics had a lot to say about Anthropic's Q3 revenue figure as the company lays the groundwork for a historic IPO.

Doubts about AI profits and growing reliance on outside funding are prompting investors to rethink how much semiconductor stocks are worth.

Anthropic reports $16.8B Q3 revenue at an investor meeting, signaling strong growth ahead of IPO.

Meta has recruited MongoDB chief executive Chirantan “CJ” Desai to spearhead its enterprise AI business, stoking concerns about leadership stability at MongoDB. MongoDB shares tumbled as much as 27% intraday on Monday, hitting a nearly two-month low.

GMO said the supply of publicly listed US stocks is growing at about 5% a year, with SpaceX stock sales accounting for roughly 1% of the market’s total value. The firm estimated that OpenAI and Anthropic, which are expected to list in the near future, together represent about 5% of the market’s investable capitalization. That pace contrasts with a historical pattern of equity supply shrinking by 1% per year, and could dampen US stock returns by about 20% over the next year and a half, GMO wrote in a report.

Internal documents obtained by Business Insider show Oracle cut 546 jobs in its Americas cloud infrastructure organization, about 7.6% of the 7,185 employees listed, with software developers accounting for roughly 17% of the roles eliminated. Oracle previously disclosed that its headcount fell by 21,000 employees, or 13%, in the 2026 fiscal year ended May 31, and said it had 141,000 employees before the latest round of layoffs. The cuts drew attention because Oracle reported quarterly revenue in its cloud infrastructure organization surged 121% year over year.