As Meta’s Muse gains traction, Walmart is betting AI agents will drive new sales. Amazon sees them as a threat to the customer relationships and its commerce ecosystem.
Anthropic has filed its S-1 prospectus with the Securities and Exchange Commission, preparing the company behind Claude to beat OpenAI to the punch with an IPO. In a filing with the SEC, Anthropic said it plans to list on the Nasdaq exchange under the ticker symbol “ANT.” The AI company confidentially filed with the SEC […]
American Express is cutting about 5% of its global workforce and taking a $336M restructuring charge. Chief executive Stephen Squeri told analysts about the cuts on Friday, CNBC’s Hugh Son reported. The company had almost 77,000 employees at the end of…
This week’s Current Climate newsletter also looks at a new push to restore federal funds for electric buses and Corning’s CEO on solar business and carbon capture tech.
Verizon raised its forecasts for 2026 on Monday after a strong quarter for new phone customers. It also announced a deal worth more than $2bn with Amazon Web Services (AWS) to support AI workloads. Under the AWS agreement, Verizon will provide high-cap…
Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, including a new AI institute built with Anthropic, Google, Meta and OpenAI. At the launch, its chief executive said there is very little that needs the frontie…
The All Electric trailer has arrived. I go over its features and qualities. It’s pricey now but this is the way travel trailers will be going
Mistral’s chief executive, Arthur Mensch, has warned that Europe will get “leftovers” if it stops building frontier AI models. Apps built on American or Chinese models would also give Europe a “big trade balance problem”, he said on 20 October. Mensch …
Meta launched two share offerings worth about $35bn on Monday, as it looks for new ways to pay for its growing spending on AI. The larger offering is $22.5bn of Class A common stock sold through forward sale agreements. Under these deals, Meta delivers…
Copper prices are at record highs, but for TikTok creators, the real money may be in teaching others how to strip wire—and selling them the tools to do it.