Meta’s policy chief Joel Kaplan will leave the company in 2027
Government and policy
Blackwall quadruples its valuation to $2.2bn as bots take over the web
Investors and funding
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INVESTORS AND FUNDING
Korean AI data centre firm Elice sinks 32% in a record-worst IPO debut
The Elice IPO raised $151m at the top of its range, with retail demand 400 times the shares on offer. It is the latest AI infrastructure listing to stumble.
ANTHROPIC
Anthropic could spend $750bn on compute, The Wall Street Journal reports
Revenue rose to $16.3bn in six months, but the S-1 draft also shows an $80.7bn loss, most of it an accounting charge. Bloomberg says Anthropic could start trading before Thanksgiving.
BUSINESS
AstraZeneca and Oracle team up on AI to find patients for drug trials
The first project targets uncontrolled high blood pressure in Abu Dhabi, with UAE healthcare company M42.
ANTHROPIC
Dario Amodei says Anthropic held Mythos back for four months for safety
Answering a critic on X, Dario Amodei listed nine costly safety calls behind Anthropic’s race to the top. He also conceded the company could have handled some of the criticism better.
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