The top things worth knowing about in AI today.
Anthropic has filed confidentially for a US stock listing, with its annualised revenue run rate reaching about $47 billion, up from roughly $9 billion at the end of 2025. The jump follows a $65 billion raise that valued the company at $965 billion. The figures show how fast business spending on AI assistants is climbing, and how much investors are betting it keeps growing.
Read moreGoldman Sachs now projects $7.6 trillion of cumulative AI infrastructure spending between 2026 and 2031: $5.1 trillion on compute, $2.1 trillion on data centres and the rest on power. Annual outlays would rise from $765 billion this year to $1.6 trillion by 2031. The bank also said the economics look more questionable than two years ago, a reminder that returns have yet to match the scale of the build-out.
Read moreKPMG will roll out Microsoft 365 Copilot to its entire global workforce of more than 276,000 people and adopt Microsoft Agent 365 to manage AI agents across audit, tax and advisory work. It is one of the larger single deployments announced so far, two years after the firm's first Copilot pilot. Professional-services firms are now moving AI from trials into everyday work.
Read moreRepresentatives Jay Obernolte and Lori Trahan released a bipartisan discussion draft of the Great American AI Act, the first attempt at a comprehensive federal AI framework in the US. It would set binding rules for large frontier developers earning more than $500 million a year, and bar states from regulating how AI systems are built for three years while letting them govern how AI is used. If it passes, it would replace the growing patchwork of state laws that businesses now track.
Read moreOpenAI has begun rolling out Dreaming, a new ChatGPT memory system that reads across past chats and updates what it knows about you without being asked, revising going to Singapore in July to went to Singapore once the date passes. OpenAI says factual recall rose from 67.9% to 82.8% in its own tests. Paid US users get it first, with free users to follow over the coming weeks.
Read moreAt WWDC, Apple unveiled iOS 27 with a rebuilt Siri and new Apple Intelligence APIs for outside developers, plus macOS Golden Gate, its first release to drop Intel Mac support. Apple also confirmed its cloud AI models run on Nvidia chips inside Google data centres, a sign that even Apple depends on rivals for infrastructure. For users, the practical change is a more capable assistant and more third-party apps able to tap Apple on-device models.
Read moreUS data centres use roughly 264 billion gallons of water a year, mostly for cooling, with AI workloads making up about a fifth of that and projected to reach 600 billion gallons by 2030. The figures are drawing attention as parts of the US face severe drought this summer. Water, not just electricity, is becoming a factor in where new AI data centres can be built.
Read moreCoding startup Cognition raised more than $1 billion at a $26 billion valuation and disclosed that its Devin agent now writes 89% of the code committed at the company. Its run-rate revenue has reached about $492 million as enterprise use grew more than tenfold this year. It is a concrete data point on how far autonomous coding tools have moved inside the companies that build them.
Read moreA short read every week — the few things worth your time, and nothing that isn’t.