Artificial Intelligence

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Accel raises $5 billion for AI as venture capital bets reach infrastructure scale

In short: Accel has raised $5 billion in new capital, comprising a $4 billion Leaders Fund V and a $650 million sidecar, targeting 20-25 late-stage AI investments at an average cheque size of $200 million. The raise follows standout returns from its Anthropic stake (invested at $183B, now valued near $800B) and Cursor (backed at […]

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Anthropic attracts $800 billion valuation offers as revenue hits $30 billion annualised run rate

In short: Anthropic has received investor offers valuing the company at approximately $800 billion, more than doubling its $380 billion valuation from a $30 billion funding round closed just two months ago. The surge follows an unprecedented revenue trajectory that has taken Anthropic from $1 billion in annualised revenue at the end of 2024 to […]

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Athena launches FabOrchestrator, an agentic AI platform for manufacturing execution systems

In short: Athena Technology Solutions, a Fremont-based MES integrator with roughly 120 employees, has launched FabOrchestrator, an agentic AI platform for manufacturing that automates reporting, support tickets, system modelling, and code generation for semiconductor and electronics factories. Built in partnership with Bangalore-based LLM at Scale.AI, it layers LLM capabilities on top of the Siemens Opcenter […]

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Jane Street commits $6 billion to CoreWeave and takes a $1 billion equity stake

In short: Jane Street has signed a $6 billion AI cloud agreement with CoreWeave and taken a $1 billion equity stake at $109 per share, making the quantitative trading firm one of CoreWeave’s five largest shareholders. The deal provides Jane Street with access to NVIDIA’s next-generation Vera Rubin compute and adds to CoreWeave’s growing contract […]

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Accenture bets on General Robotics to unify factory AI across robot brands

In short: Accenture Ventures has invested in General Robotics, whose GRID platform provides a unified AI intelligence layer across 40+ robots from different manufacturers including FANUC, Flexiv, and Ghost Robotics. The deal extends Accenture’s physical AI strategy alongside its NVIDIA-powered Physical AI Orchestrator and prior investments in Sanctuary AI and Schaeffler humanoid robotics partnerships. Accenture […]

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OpenAI opens its cybersecurity model to thousands of defenders in race with Anthropic’s Mythos

In short: OpenAI is releasing GPT-5.4-Cyber, a model fine-tuned for defensive cybersecurity with lowered refusal boundaries and binary reverse engineering capabilities, and scaling its Trusted Access for Cyber programme to thousands of verified defenders. The move comes a week after Anthropic restricted its more powerful Mythos model to just 11 organisations, setting up a philosophical […]

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Anthropic, Google, and Microsoft paid AI agent bug bounties, then kept quiet about the flaws

In short:Security researcher Aonan Guan hijacked AI agents from Anthropic, Google, and Microsoft via prompt injection attacks on their GitHub Actions integrations, stealing API keys and tokens in each case. All three companies paid bug bounties quietly, $100 from Anthropic, $500 from GitHub, an undisclosed amount from Google, but none published public advisories or assigned […]

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A US judge ruled that a fraud defendant’s AI chats with Claude are not privileged

In a February ruling described as the first of its kind in the US, Judge Jed Rakoff found that Bradley Heppner’s conversations with Anthropic’s Claude about his legal exposure stripped away both attorney-client privilege and work-product protection, because an AI is not a lawyer and public AI platforms have no confidentiality obligation. More than a […]

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Adobe’s new Firefly AI assistant turns Creative Cloud into a single conversational interface

Adobe launched the Firefly AI Assistant, a conversational agent that orchestrates tasks across Photoshop, Premiere, Lightroom, Illustrator, Express, and Frame.io using natural language. Previously codenamed Project Moonlight, it enters public beta in coming weeks, integrates with third-party models including Anthropic’s Claude, and maintains context across sessions. Adobe also announced Firefly Image Model 5, Custom Models, […]

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US utilities plan to spend $1.4 trillion by 2030 to power the AI boom

A report analysing capital spending plans from 51 investor-owned utilities finds the $1.4 trillion figure is double what was invested in the prior decade. More than 30 utilities cited data centres as a top growth driver. Average residential electricity prices are already projected to rise 5.1% this year. US investor-owned utility companies are planning to […]

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