Chip Stocks Bounce Back as AI Rally Resumes; CMA Launches Inquiry Into Paramount-Warner Bros Deal – Business Live
OpenAI confidentially filed for a U.S. IPO, joining Anthropic in a wave of AI mega‑listings and reigniting the AI rally that lifted chip stocks. The company is valued at roughly $850 bn, while Anthropic trades at about $965 bn, underscoring massive market appetite for AI infrastructure. OpenAI’s disclosed spend of over $100 bn a year on compute aims to cement a defensive moat and eventually transition to a product‑focused business. Meanwhile, the UK pound steadied at $1.3376 as macro news remained muted, and the CMA opened an inquiry into the Paramount‑Warner Bros merger.
The GPU Multitenancy Mess
GPU‑focused cloud providers are wrestling with a fundamental mismatch: AI economics demand that expensive GPUs be sliced and shared like CPUs, yet the hardware was built for single‑tenant, trusted environments. This creates security gaps, slow fault recovery, and high idle...
Lawmakers Are Aiming To Regulate AI-Builds-AI Before AI Gets Entirely Beyond Human Control
U.S. lawmakers are drafting legislation to curb AI‑builds‑AI, the practice of artificial intelligence creating more advanced AI systems. A proposed five‑year moratorium would require licensing, reporting and penalties for any autonomous AI development beyond routine tasks. The push follows Anthropic’s...
Intel Said To Win Order For Google AI Chips
Intel’s stock jumped about 11% after reports that Google will contract the chipmaker to produce over three million custom Tensor Processing Unit (TPU) AI chips for 2028. The deal, though modest in size, highlights growing confidence in Intel’s emerging contract‑chip...
Apple Accelerates App Development with New Intelligence Frameworks and Advanced Tools
Apple unveiled a suite of new intelligence frameworks and Xcode 27, giving developers a native Swift API to embed on‑device and server‑based AI models, including custom skills and dynamic profiles. The Xcode update introduces agentic coding with integrated Anthropic, Google and...
How AI Is Outpacing Cybersecurity and What Firms Must Do Next
Artificial intelligence is dramatically accelerating the discovery and exploitation of software vulnerabilities, shrinking the gap between identification and attack to days, with the UK NCSC projecting this trend by 2027. Financial services, burdened by legacy infrastructure and fragmented governance, struggle...
BeatpulseLabs Raises $1.8M Pre‑seed Round to Scale AI Training Data
London‑based AI data startup BeatpulseLabs announced a $1.8 million pre‑seed round co‑led by Araya Ventures and Lighthouse Ventures, with participation from Alumni Ventures and Avalancha Ventures. The funding will help the company expand its platform and customer base as demand for...
Apollo and Blackstone Provide $35bn Chip Financing to Anthropic
Apollo Global Management and Blackstone Group have jointly raised $35bn in a private credit financing to fund Anthropic’s AI chip development. The deal, announced on June 8, 2026, is one of the largest private credit fundraisings and will support the...
Endra Raises $50M Series A Led by A16z
Swedish construction tech startup Endra announced a $50 million Series A round led by Andreessen Horowitz (a16z). The funding will accelerate its AI-driven platform that automates MEP design, generating code‑compliant models and documentation. The round underscores growing investor interest in...