Author: Editor-In-Chief
Anthropic expects to generate up to $70 billion in revenue and $17 billion in cash flow in 2028, the Information reported. The growth forecast is being driven by rapid adoption of Anthropic’s business products, a person familiar with the company’s finances said. Reuters reported last month that Anthropic’s annual sales are expected to more than double, and possibly nearly triple, next year. The company is on track to achieve its $9 billion ARR goal by the end of 2025, and has reportedly set its 2026 ARR target at $20 billion to $26 billion. According to The Information, Anthropic expects to…
Lisa Cook, a member of the Federal Reserve Board, speaks on “Economic and Monetary Policy Outlook” at the Brookings Institution in Washington, DC, USA on November 3, 2025. Kevin Lamarque | ReutersFederal Reserve Governor Lisa Cook on Monday, in her first policy speech since President Donald Trump tried to fire her, said she supported recent interest rate cuts and was open to further cuts.Since President Trump moved to fire him in August on charges of mortgage fraud, Cook has kept a relatively low profile outside of the legal battles that have kept him in position at the central bank.In a…
Scale AI CFO Dennis Cinelli.Brought to you by Scale AI.rear meta shocked the tech world in June by announcing plans to invest $14.3 billion in Scale AI, primarily as a way to hire startup founder Alexandr Wang and a small number of employees, but Scale’s future was immediately thrown into question.OpenAI quickly revealed that it was winding down its work with Scale, which prepares data used by artificial intelligence labs and big tech companies to train models. Companies including google According to multiple media reports, Elon Musk’s xAI also suspended work with Scale after the deal. But nearly five months…
Volunteers display information about the Supplemental Nutrition Assistance Program (SNAP) at a grocery store on Monday, November 3, 2025 in Dorchester, Massachusetts, USA. Mel Musto | Bloomberg | Getty ImagesPresident Donald Trump suggested Tuesday that no SNAP benefits would be paid during the government shutdown, contradicting a court filing the Trump administration made the day before.President Trump said benefits that help feed 42 million Americans would only resume after Democrats in Congress agree to pass a stopgap funding bill to restart the government.The administration told a federal judge in Rhode Island on Monday that it will pay half the cost…
Israel announced on Tuesday that Hamas had received the remains of another deceased hostage held in the Gaza Strip as part of a U.S.-brokered ceasefire agreement that took effect last month. Israel, which received the coffin through the Red Cross in the Gaza Strip, said the remains would now be taken to the country’s National Institute of Forensic Medicine for identification. If confirmed, the bodies of the seven deceased hostages will remain in Gaza. The transfers came after Hamas handed over the bodies of three hostages who died on Sunday. US President Donald Trump confirmed that one of them was…
David Beckham has been knighted by King Charles at Windsor Castle for his services to sport and charity.The 50-year-old former Manchester United midfielder and England captain was formally recognized at a ceremony on Tuesday after receiving the King’s Birthday Honors earlier this summer. Sir David’s wife, Spice Girl-turned-fashion designer Victoria, also attended the ceremony and is now known as Lady Beckham. image: David Beckham is knighted by King Charles image: Sir David Beckham was knighted at Windsor Palace on Tuesday “It’s a very proud day for our family,” said the football star, who won 19 major trophies during his career.”I…
E-commerce software provider Shopify is bullish on AI-powered shopping agents, calling AI an “incredible tool” to enable more entrepreneurs in its third-quarter earnings call and calling it “the biggest technology change since the Internet.” The company, which partnered with ChatGPT maker OpenAI in September, reported a 7x increase in traffic to its online store from AI tools and an 11x increase in purchase value from AI-powered searches since January of this year. Harley Finkelstein, president of Shopify, said the company’s advantage in the AI era lies in its ability to access data from millions of merchants and billions of transactions,…
When Taylor Capuano and her twin sister Casey Salai each took $5,000 of their personal savings to start a side hustle in 2022, they never imagined it would quickly become a full-time job.”I didn’t expect this to actually lead to anything,” says Capuano, 33. “All I knew was, ‘This is a simple solution that will help us. Maybe others can help too?'”Salai and Capuano are co-founders of Cakes Body, which makes silicone nipple covers that customers can wear under their clothes. This is intended to prevent chafing and avoid visible bra lines. Capuano said both sisters knew the embarrassment of…
Thomas Fuller | Light Rocket | Getty Imagesspotify on Tuesday reported strong third-quarter results that beat Wall Street expectations, with total revenue up 12% year-over-year, but issued a weak outlook for revenue and subscriber numbers for the current quarter.Spotify stock fell 2% on Tuesday.Here’s a comparison of what Spotify reported and LSEG’s estimates:Earnings per share: 3.28 euros versus the expected 1.97 euros. Revenue: €4.27 billion versus expected €4.23 billion.The streaming platform’s premium subscribers rose 12% to 281 million, slightly below StreetAccount’s forecast of 281.24 million.In August, Spotify increased subscription prices from 10.99 euros to 11.99 euros in multiple markets, including…
U.S. Senate Majority Leader John Thune (R-South Dakota) holds a copy of the Continuing Appropriations Extension Act as he speaks next to House Speaker Mike Johnson (R-Louisiana) during a press conference on the third day of the partial federal government shutdown at the U.S. Capitol on October 3, 2025 in Washington, DC. Jonathan Ernst | ReutersThe ongoing U.S. government shutdown is on track to become the longest lapse in federal funds in the country’s history.The shutdown reached its milestone Wednesday, marking its 36th day and on track to surpass the previous record set in early 2019.The latest attempt to break…