Oliver Grant

Ramp announced a $750 million funding round at a $44 billion valuation on Thursday, led by ICONIQ, GIC and Ontario Teachers' Pension Plan. The round marks a roughly 38% increase in the New York-based spend-management company's valuation. The growth is driven by corporate clients grappling with

Google DeepMind CEO Demis Hassabis said artificial general intelligence could arrive around 2030, "plus or minus a year," during a Stanford Graduate School of Business event last week. Hassabis attributed this timeline to advancements in 2026, when AI agents and tool-use capabilities became

SpaceX, OpenAI, and Anthropic are preparing public listings that could collectively command over $3 trillion in market value, with SpaceX targeting a June 12 Nasdaq debut that could raise up to $75 billion at a $1.75 trillion valuation. Anthropic filed confidential IPO paperwork on June 1 targeting

Anthropic disclosed that its AI system Claude authored more than 80% of code merged into production systems as of May 2026, according to a June 4, 2026 report from the Anthropic Institute. The increase followed the February 2025 rollout of an in-house coding agent, after which Claude's

Supabase, a startup that makes backend tools for building artificial intelligence apps, raised $500 million at a valuation of $10.5 billion on Thursday. The funding round, led by GIC and including Accel, Y Combinator, Craft, Felicis, Coatue and Stripe, roughly doubled the company's valuation since i

On June 3, the United Nations University Institute for Water, Environment and Health published a report titled 'The Environmental Cost of AI Energy Consumption: Carbon, Water and Land Footprints,' warning that water and energy consumption and pollution from data centers will double within four

Amazon engineers testified at Seattle City Council hearings on Wednesday in support of efforts to regulate AI data center development, as their employer spends $200 billion on capital expenditures this year while conducting mass layoffs. Patrick Schloesser, a software engineer at Amazon Web

Anthropic published findings on Jun 4, 2026, revealing that approximately 67% of its banned accounts used AI to prepare for cyberattacks. The AI firm conducted a year-long mapping of AI-enabled cyber threats to assess misuse patterns. The report highlights that malicious actors are rapidly