Anthropic is reportedly preparing changes to its enterprise data retention policy that would give business customers greater control over where sensitive information is stored when using advanced Claude models. Under the proposed system, enterprise users would still be required to retain data for 30 days, but they could choose to keep that information on their own cloud infrastructure rather than relying solely on Anthropic’s systems. The company is also expected to introduce a new safety framework later this year. Anthropic has reportedly been working with more than 100 enterprise customers, including Salesforce, to develop the updated approach. The move follows…
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The S&P 500 is closing out an unusually strong second-quarter earnings season, with artificial intelligence investments providing a major boost to corporate profits. Aggregate earnings for the index are on track to rise about 52% year over year, while technology sector profits are expected to jump roughly 74%. A significant part of that increase comes from large unrealized gains recorded by companies such as Alphabet and Amazon on their investments in fast-growing AI businesses including Anthropic. Without those mark-to-market gains, S&P 500 earnings growth would be closer to 33%, according to LSEG. That would still represent the strongest quarterly performance…
ByteDance has reached an agreement with the Motion Picture Association (MPA) to strengthen copyright protections across its AI-powered video and image-generation tools. The agreement covers ByteDance’s Seedance video model and Seedream image-generation system, both of which have faced criticism from Hollywood studios over their ability to create content featuring copyrighted characters and celebrity likenesses. The pact follows a cease-and-desist letter sent by the MPA earlier this year after companies including Disney raised concerns that ByteDance’s generative AI tools could reproduce protected film and television content without authorization. ByteDance said newer versions of its models now include stronger intellectual-property safeguards. The…
Defense technology startup Smack Technologies has raised $61 million in Series B funding to accelerate production of its AI-powered battlefield decision systems and develop new wearable hardware for military use. The funding comes as the Pentagon pushes to diversify its artificial intelligence suppliers and deploy more AI tools across military operations. Smack’s profile rose after the Defense Department’s dispute with Anthropic increased demand for alternative AI vendors. The company’s flagship platform, Omega, uses reinforcement learning and real-time computer vision to help military units make targeting and battlefield planning decisions faster. Smack says the system can generate options within minutes and…
Google has agreed to acquire internal business data from bankrupt Spirit Airlines for $10 million, with plans to use the information for product development and AI model training. The dataset includes employee emails, Microsoft Teams messages, spreadsheets, calendars, and other marketing, productivity, and operational records. According to the proposed deal, the information will be de-identified before the transaction is completed, with customer data and personally identifiable information excluded. A U.S. bankruptcy judge is expected to review the sale at a court hearing on Wednesday. Spirit also received a competing $7.5 million offer from AI data company Mercor. The transaction highlights…
Nvidia has agreed to provide up to $105 billion in financial guarantees to support OpenAI’s lease of a massive AI data center being developed in Ohio by SoftBank-owned SB Energy. The chipmaker will also invest $1.5 billion in SB Energy, adding to earlier funding from OpenAI and SoftBank. Nvidia will serve as the exclusive chip supplier for the facility, which could eventually reach 8 gigawatts of capacity, with the first 800 megawatts expected to come online in 2028. OpenAI has signed a 20-year lease for the Pike County site. Nvidia’s guarantee will cover portions of lease and power obligations while…
Baidu reported weaker-than-expected second-quarter revenue as a sharp decline in its traditional advertising business outweighed strong growth in AI-related cloud services. The Chinese technology company generated 31.33 billion yuan ($4.65 billion) in quarterly revenue, down 4% from a year earlier and below analyst expectations of 31.96 billion yuan. Its U.S.-listed shares fell around 3.5% in premarket trading following the results. Baidu’s online marketing business remained the biggest drag, with revenue falling 19% year over year to 13.1 billion yuan. Weak consumer spending and the prolonged downturn in China’s property market have pushed many companies to reduce advertising budgets. By contrast,…
SoftBank Group disclosed a new investment in Capital One while sharply reducing its exposure to Taiwan Semiconductor Manufacturing Company (TSMC) during the second quarter, according to a filing with the U.S. Securities and Exchange Commission. As of June 30, SoftBank held 276,811 Capital One shares, valued at approximately $55.5 million. The investment marks a new position for the Japanese technology and investment group. SoftBank also added a smaller stake in Life360, acquiring 10,718 shares valued at around $488,500 at the end of the quarter. At the same time, the company sold about 1.4 million TSMC shares, representing roughly 71.5% of…
Chinese robotics company Unitree is preparing for a highly anticipated Shanghai stock market debut, with investor demand pointing to one of the most closely watched technology listings of the year. The company’s IPO was reportedly more than 8,000 times oversubscribed by retail investors, a record for Shanghai’s STAR Market. Unitree raised around 6.1 billion yuan ($905 million) by selling just 10% of its enlarged share capital, creating expectations that limited supply could fuel a sharp first-day rally. Private trading platforms and derivatives markets are already pricing in substantial gains. Some secondary-market indications suggest Unitree shares could nearly triple from their…
Chinese AI startup Z.ai says its upcoming open-source GLM-5.3 model is approaching the cybersecurity capabilities of Anthropic’s restricted-access Mythos 5, strengthening its position as a lower-cost challenger in advanced AI development. According to Z.ai, GLM-5.3 scored 84.5% on CyberGym, a benchmark measuring whether models can review code, identify software vulnerabilities and verify that those flaws are real. That slightly exceeded the 83.8% score Z.ai reported for Mythos 5, although the results have not been independently verified. GLM-5.3 remained significantly weaker in turning discovered vulnerabilities into working exploits. Z.ai said the model scored 54.4% on ExploitBench, compared with 78% for Mythos…
French authorities have confirmed that taxpayer information belonging to 678,000 individuals and businesses was stolen in a cyberattack targeting the country’s tax administration. The French Finance Ministry said a malicious actor claimed to have breached the General Directorate of Public Finances in late June. Subsequent investigations confirmed that unauthorized access had taken place and that taxpayer data had been viewed and extracted. Officials are still investigating exactly which types of information were compromised and whether additional users may have been affected. The ministry said impacted taxpayers will be contacted individually and informed about the data that may have been accessed,…
A potential Silver Lake acquisition of Workday could help restore investor confidence in software companies after months of pressure from concerns that artificial intelligence may weaken traditional enterprise software business models. Workday shares jumped nearly 18% after reports that the human-resources and financial management software provider was in acquisition talks with Silver Lake, lifting its market value above $51 billion. Analysts said a private-equity deal at a substantial premium could signal that public markets have become too pessimistic about established software companies. Many investors have worried that AI tools capable of generating code and building applications could reduce demand for…