
Anthropic Projects First Profitable Quarter on $10.9B Q2 Revenue
Anthropic told investors it expects roughly $559M in operating profit on $10.9B in Q2 revenue — its first profitable quarter, two years ahead of prior guidance.
An unreleased OpenAI general-purpose reasoning model disproved Erdős's planar unit distance conjecture, constructing point sets with at least n^(1+δ) unit-distance pairs. Fields Medalist Tim Gowers called it 'a milestone in AI mathematics.'
Exa Labs closed a $250M Series C led by Andreessen Horowitz at a $2.2B valuation, tripling its value in eight months as it builds an independent, embeddings-based search index purpose-built for AI agents.
Moment closed a $78M Series C led by Index Ventures with Andreessen Horowitz participating, less than 10 months after its Series B, as client assets on its AI investment-management platform jumped from $300B to over $10T.

An unreleased OpenAI general-purpose reasoning model disproved Erdős's planar unit distance conjecture, constructing point sets with at least n^(1+δ) unit-distance pairs. Fields Medalist Tim Gowers called it 'a milestone in AI mathematics.'

Anthropic told investors it expects roughly $559M in operating profit on $10.9B in Q2 revenue — its first profitable quarter, two years ahead of prior guidance.

Exa Labs closed a $250M Series C led by Andreessen Horowitz at a $2.2B valuation, tripling its value in eight months as it builds an independent, embeddings-based search index purpose-built for AI agents.
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Moment closed a $78M Series C led by Index Ventures with Andreessen Horowitz participating, less than 10 months after its Series B, as client assets on its AI investment-management platform jumped from $300B to over $10T.

At I/O 2026, Google relaunched Antigravity as a standalone agent-orchestration platform with a CLI that replaces the Gemini CLI, an SDK, Managed Agents in the Gemini API, and an enterprise tier — all defaulting to Gemini 3.5 Flash.

Alibaba's chip unit T-Head unveiled the Zhenwu M890 AI accelerator, claiming 3x the agentic-inference performance of Nvidia's H20 and 144GB of HBM3, paired with the Qwen 3.7-Max model — a full domestic stack as US export controls tighten.

Cohere has acquired Montréal- and Berlin-based biopharma startup Reliant AI, folding its automated research workbench into the North platform to launch 'North for Pharma' — its second acquisition in a month as it doubles down on sovereign, regulated-industry AI.

At I/O 2026 Google shipped Gemini 3.5 Flash, a Flash-tier model that outscores Gemini 3.1 Pro on coding and agentic benchmarks at less than half the cost of comparable frontier models, alongside a Managed Agents API that spins up tool-using, code-executing agents in a single call.

Edge-infrastructure startup Armada closed a $230M oversubscribed Series B at a $2B pre-money valuation, co-led by Overmatch, BlackRock and 8090 Industries, alongside a Johnson Controls deal to build a 400,000-sq-ft Arizona factory for its Leviathan modular data centers.

KPMG is deploying Anthropic's Claude to its entire 276,000-person global workforce and embedding it into Digital Gateway, its Azure-based client delivery platform, with Anthropic naming KPMG its preferred partner for private equity.

Nvidia reports fiscal Q1 2027 after the US close today. Consensus sits near $78B revenue and $1.77 EPS, with the Vera Rubin handoff, gross margin, and China H200 exposure the variables that matter to compute buyers.

Google unveiled Gemini Spark, a cloud-resident agent built on Gemini 3.5 Flash and the Antigravity 2.0 harness, while introducing a new $100/month AI Ultra tier and slashing the top tier from $250 to $200.