live U.S. and Iran sign ceasefire agreement, details unclear
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to b...
AI startup Anthropic has closed a $3.5 billion funding round led by Lightspeed Venture Partners, pushing its post-money valuation to a staggering $61.5 billion.
This milestone marks more than a threefold increase from its valuation of $18 billion just last year, underscoring the intense investor interest in breakthrough AI technologies.
Anthropic’s rapid rise is backed by impressive business growth. Late last year, the company was reported to have an annual revenue run rate of about $1 billion—a figure that has since grown by roughly 30%. The funding round attracted a diverse group of high-profile investors, including Salesforce Ventures, Cisco Investments, Fidelity Management & Research Company, General Catalyst, D1 Capital Partners, and Jane Street. Amazon remains a key supporter, having previously invested $8 billion in the company, while Google has also lent its backing, highlighting the broad industry confidence in Anthropic’s vision.
With this fresh capital, Anthropic plans to accelerate its global expansion, particularly in Asia and Europe, as it seeks to capitalize on the burgeoning demand for advanced AI solutions. The company is also set to boost its research efforts in areas critical to responsible AI development, such as mechanistic interpretability and alignment, while expanding its computing capacity to support more sophisticated model training.
Anthropic’s flagship AI models—Claude 3.7 Sonnet and its predecessor Claude 3.5 Sonnet—demonstrate the company’s innovative approach. Claude 3.7 Sonnet introduces "hybrid reasoning" capabilities, allowing users to choose between quick responses and more in-depth, step-by-step thinking, and features a 128,000-token "thinking" budget for extended reasoning. These models, which excel in tasks ranging from coding to multimodal understanding, are available across multiple platforms including Anthropic’s own Claude.ai, the Anthropic API, Amazon Bedrock, and Google Cloud’s Vertex AI.
Emphasizing user privacy, Anthropic has stated that it does not train its generative models on user-submitted data without explicit permission—a commitment that continues to build trust among its growing customer base.
As the competition in the AI landscape intensifies, Anthropic’s latest funding round and soaring valuation position the startup as one of the world’s most valuable emerging tech companies, poised to shape the future of artificial intelligence alongside industry giants.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
The Canadian government has introduced a digital safety bill that would ban children under the age of 16 from using social media, unless platforms meet specific safety standards.
NASA has named three American astronauts and one Italian astronaut to fly on its Artemis III mission, a major orbital test planned for late next year that will evaluate lunar landing vehicles developed by SpaceX and Blue Origin.
China will send an astronaut to its space station on Sunday for a one-year mission, the longest duration for the country so far. The mission will help study long-duration human physiology in space as China works toward a crewed Moon landing by 2030.
Anxiety over artificial intelligence is hardening among young workers as executives promote faster adoption and companies point to automation in fresh job cuts.
Hackers are increasingly using artificial intelligence to detect software vulnerabilities, reducing the time organisations have to respond to cyber threats, Verizon said in its annual data breach report.
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