Anthropic’s annual revenue run rate reportedly hits $65 billion

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Anthropic revenue hits $65 billion.

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Anthropic books $65 billion in revenues

Anthropic’s annual revenue run rate has hit $65 billion ahead of its IPO, which is expected later this year. That’s seven times the size of its sales at the end of 2025, Bloomberg reported, when its revenues were only $9 billion. If Anthropic’s IPO plans stay on track it will go public in the fall before either OpenAI or DeepSeek, which are also expected to offer stock on the public markets.

Meta faces a potential $1.4 trillion in damages in kids’ addiction trial that opens today

Opening arguments begin today in a California federal court over whether Meta designed Facebook and Instagram in a way that deliberately kept children addicted to its products in ways that damaged their mental health. The plaintiffs in the case are 29 state attorneys general. Meta (which denies the claims) says its potential damages could mount as high as $1.4 trillion—equivalent to its entire market cap. The states say a more realistic figure for damages would be around $200 billion. 

“Meta designed a dangerous product for young users, knew it to be dangerous, and then lied to children, families, and the community about how dangerous it was,” California Attorney General Rob Bonta said. “We are ready to hold Meta accountable for its role in fueling the mental health crisis of American children.”

New Mexico’s attorney general reportedly pushes new social media safety laws a day before 29 AGs testify against Meta in federal trial - Catherina Gioino

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U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil - Sasha Rogelberg

California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth - Marco Quiroz-Gutierrez

Alibaba’s $2 billion gaming exit signals where Beijing wants its money - Mia Osmonbekov

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