Anthropic's IPO Gambit
How the Claude maker's march toward a public listing is forcing Wall Street to price a company on revenue it hasn't earned yet.
Topic
AI
Analysis of the AI industry’s business decisions — model launches, pricing moves, capability claims and what the numbers behind them actually show.
Stripe's $7 Billion Bet on AI's Toll Booth
How Stripe's purchase of OpenRouter turns AI model routing into a payments-style infrastructure play.
Stripe Buys the Switchboard
How Stripe's $7 billion purchase of OpenRouter turns the messy business of choosing an AI model into payments infrastructure—and a new kind of toll booth.
Anthropic's Profit Test
How Anthropic's first operating profit reframes the debate over whether frontier AI can ever pay for itself—and why the definition of "profit" is doing heavy lifting.
Pony.ai's Global Robotaxi Push
How Pony.ai's overseas robotaxi pipeline crossing 4,000 vehicles — and robotaxi revenue leaping nearly 700% — signals that the self-driving contest is going global, with China's autonomous-vehicle champions riding Uber's platform into Europe and the Middle East.
Google Buys a Bankrupt Airline's Data
How Google's $10 million purchase of a bankrupt airline's internal emails, chats, and operational records reveals the next scarce resource in AI — proprietary enterprise data that no amount of web scraping can replace.
Unitree's Robot IPO Frenzy
How Unitree's Shanghai listing — oversubscribed thousands of times over — turns humanoid robotics from a venture-capital story into a public-market referendum on physical AI, and hands China the first mover's spotlight.
Higgsfield's $5.4 Billion Enterprise Turn
How Higgsfield's $400 million raise and $700 million revenue run-rate signal that AI video has crossed from creator novelty into enterprise marketing infrastructure — and why the money is now chasing the application layer.
DeepSeek's Price Reversal
How the company that ignited the AI price war just raised its own prices by as much as 1,100% — and what that says about the real economics of cheap intelligence.
Apple's Alibaba Gambit
How Apple's China-specific AI model, built with Alibaba and cleared by Beijing, shows the price of selling intelligence inside the world's most guarded market.