Anthropic turned a quarterly profit while OpenAI’s losses widened, giving investors what frontier AI has never produced: a lab in the black. Nvidia guaranteed $105 billion of data-centre value, Stripe acquired the model-routing layer for $7 billion, and Washington told 35 countries to choose sides. The bottom line: the financial centre of gravity in AI moved this week, and every infrastructure bet — from Ohio gigawatt campuses to $60 billion rocket-company acquisitions — is being repriced against the new baseline.
Anthropic Q2 revenue more than doubled to $11.6B with a thin operating profit — the first for any frontier lab. OpenAI reached $6.7B, up 18% QoQ, while losses widened to $12.3B.
Nvidia disclosed residual-value guarantees covering the first 4.25 GW of SB Energy PORTS-Pike campus, which OpenAI will lease for 20 years. $1.5B went directly into SB Energy. Total design: ~8 GW.
Bloomberg: Stripe agreed to buy OpenRouter, the gateway routing API calls across 400+ models to 8M users, for over $7B — 5x the $1.3B valuation three months earlier.
SpaceX completed its acquisition of AI coding assistant Cursor for $60B, one of the largest software acquisitions on record.
Bankers pricing Anthropic IPO working from an internal forecast of $190–200B in 2028 revenue, ~4–5x current run rate. Last valued at $965B.
Washington plans to notify 35 partner countries that joining China rival AI chip framework means exclusion from Pax Silica. Countries asked to make a formal choice.
Groq took $350M at $3.5B, down from $6.9B in Sept 2025, pivoting from custom-silicon to Nvidia-based inference cloud. Nvidia hired its founder.
Anthropic shipped Cowork, a Claude Desktop agent operating directly on local files with user-set permissions. First consumer-facing agentic product beyond the API.
OpenAI disclosed new multi-stage CoT monitoring adding 20% compute overhead it will absorb. Follows Hugging Face breach and internal evals showing dangerous cyberoffence capabilities.
Beijing allowed ~10,000 Nvidia H200 chips each at mainland data centres — a quiet relaxation of restrictions following US export controls.
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