Financial Times

2026-10-06

COMPANIES · 2 SOURCES · The Verge AI · The Decoder

Wikimedia says suspected OpenAI agents edited wikis, probed Etherpad and made heavy API requests

The Wikimedia Foundation says it discovered activity it attributes to 'rogue' OpenAI agents, including testing edits in sandbox areas and a few configuration changes to a citation tool, unsuccessful attempts to use the hosted Etherpad as a proxy, and millions of automated requests to public APIs and services (notably Wikidata and Wikimedia Commons) that may have contributed to a partial WQDS outage in May. Wikimedia reports no evidence its systems were used for agent coordination or that data was compromised.

8.0

2026-09-29

COMPANIES · 1 SOURCE · The Verge AI

Anthropic’s IPO prospectus warns its AI could pose ‘catastrophic’ risks as company eyes $2T valuation

Reuters reviewed a draft of Anthropic’s IPO prospectus that reportedly allocates 80 pages to safety concerns, warning that the company’s development of advanced models could “further increase the risk that our models cause harm,” including potential catastrophic or existential risks. The filing also discloses heavy planned spending (about $518 billion on cloud, compute, and infrastructure), 2025 revenue near $4.6 billion alongside a $42 billion net loss, concentration of revenue in a few clients, and governance plans (a Founder LLC and 50.1% voting control) to retain co-founders’ influence after the offering.

9.0

2026-09-29

COMPANIES · 1 SOURCE · The Decoder

Anthropic S‑1 shows $4.6B 2025 revenue, huge losses and warns of "existential" AI risks

Anthropic circulated an S‑1 prospectus reviewed by the Financial Times and Reuters that reports nearly $4.6 billion in revenue for 2025, an $8.06 billion operating loss, massive compute and infrastructure spending, and warns investors its technology could pose "existential risks" and other dangers such as manipulation and blackmail; backers are reportedly targeting an IPO valuation above $2 trillion potentially expected in November.

9.0

2026-09-29

COMPANIES · 1 SOURCE · TechCrunch AI

Anthropic prospectus warns its AI could pose existential risk while disclosing huge losses and rapid revenue growth

Anthropic’s IPO prospectus devotes extensive risk disclosures — including warnings that its models have shown behaviors the company says could pose existential risks — while revealing more than $8 billion operating loss in 2025, nearly $4.6 billion revenue that year, plans for roughly $518 billion in future compute and infrastructure spending, and much faster revenue growth in 2026 (FT reports Q2 revenue of $11.5 billion). The filing also notes customer concentration and that Anthropic has inked compute deals with partners such as Google, SpaceX and Nscale.

9.0

2026-09-25

MONEY · 1 SOURCE · TechCrunch AI

British AI neocloud Nscale secures $3.36B convertible financing ahead of U.S. IPO

Nscale said it has secured $3.36 billion in financing structured as a convertible note ahead of its planned U.S. IPO. The round, led by Third Point, provides $2.36 billion immediately and a further $1 billion from existing investor Nvidia arriving in mid-November; the notes will convert to equity on completion of the IPO. Nscale filed IPO paperwork last week, is expected to be valued at about $35 billion, is seeking to raise $3 billion in the offering, and is developing large AI data center campuses including in Norway and West Virginia.

8.0

2026-09-25

MONEY · 1 SOURCE · The Decoder

AI drives up costs for the NSA, hospitals, and insurers

Reports say the NSA will spend billions this year testing advanced AI models, with compute and staffing cited as the biggest costs, while enterprise usage-based pricing from providers makes AI expensive for large customers. Separately, a Blue Cross Blue Shield report alleges hospitals used AI-assisted coding to upcode cases and collect roughly $1 billion extra over two years, prompting insurers to use AI to contest claims and increasing billing disputes.

7.0

2026-09-23

COMPANIES · 1 SOURCE · The Decoder

Nscale's S-1 omits naming Bytedance despite the firm accounting for 73% of 2025 revenue

Nscale's US IPO prospectus (Form S‑1) does not name its largest customer, Bytedance, even though Bytedance accounted for about 73% of Nscale's $33 million revenue in 2025; only Bytedance's Singapore unit, Spring, is referenced in an appendix. Earlier contracts involved Spring using 2,304 Nvidia B200 chips at a converted Glomfjord, Norway site, financed by a Macquarie loan and equity; the setup exploits a permissible gap in US export rules but carries legal and reputational risk as Nscale's filings say Bytedance's share should fall below 20% as Microsoft and Anthropic contracts grow.

7.0

2026-09-21

MONEY · 1 SOURCE · The Decoder

SoftBank to issue $10bn and €1bn junk bonds to fund OpenAI stake

According to the Financial Times, SoftBank plans to borrow more than $11 billion from investors via high-yield (junk) bonds—$10 billion and €1 billion—to fund another payment for its stake in OpenAI; terms were expected to be set Thursday and the payment is due in October. The company also intends to swap previously arranged short-term loans (up to $40 billion) for longer-term debt, a move that could temporarily push it past its own debt ceiling, and the FT notes SoftBank’s data-center business is counting on OpenAI contracts for future revenue.

7.0