Business
Elon Musk Admits Anthropic Leads AI Race as Amazon Secures Major Cloud Partnership Gains
Elon Musk publicly reversed his earlier skepticism of Anthropic on July 9, acknowledging the artificial intelligence company as the current industry leader in a statement that has drawn attention to Amazon’s deepening commercial and financial ties with the Claude model developer.
Responding on X to a post recalling his September 2025 comment that winning was never among Anthropic’s possible outcomes, Musk wrote: “I was clearly wrong about Anthropic. They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon. And I would never cut them off in a way that hurt them badly, even as a competitor. That’s not my style.”
The admission came months after Musk had sharply criticized Anthropic, at times describing the company in negative terms. It followed the release of Anthropic’s advanced Claude Mythos and Fable models, which Musk singled out as unmatched by rivals at the time.
Amazon has positioned itself as a primary infrastructure and equity partner for Anthropic. The companies expanded their collaboration in April 2026, with Amazon investing an additional $5 billion and holding the potential to invest up to another $20 billion tied to commercial milestones. Combined with prior investments totaling about $8 billion, Amazon’s direct capital commitment stands at roughly $13 billion so far, with a pathway toward a larger total.
In return, Anthropic committed to spend more than $100 billion over the next decade on Amazon Web Services technologies. That agreement includes access to up to 5 gigawatts of capacity using current and future generations of Amazon’s custom Trainium AI chips and Graviton processors. Anthropic will use the capacity to train and run its large language models, with meaningful Trainium capacity already scheduled to come online.
Amazon CEO Andy Jassy said in the companies’ joint announcement: “Our custom AI silicon offers high performance at significantly lower cost for customers, which is why it’s in such hot demand. Anthropic’s commitment to run its large language models on AWS Trainium for the next decade reflects the progress we’ve made together on custom silicon, as we continue delivering the technology and infrastructure our customers need to build with generative AI.”
The partnership has contributed to strong recent results at Amazon’s cloud division. In the second quarter of 2026, AWS net sales rose 37 percent year over year to $42.2 billion, marking the segment’s fastest growth in 18 quarters and placing it on an annualized revenue run rate of approximately $169 billion. Amazon separately noted that its AWS AI business had exceeded a $25 billion annualized run rate and was expanding at triple-digit percentages. Companywide net sales reached $200.6 billion in the quarter, while operating income climbed to $27.5 billion. Net income was elevated by non-operating gains tied in large part to the revaluation of Amazon’s Anthropic investment.
Anthropic itself has reported rapid revenue expansion. The company disclosed an annualized revenue run rate that surpassed $47 billion by May 2026, up sharply from levels near the end of 2025. Independent estimates later placed the figure higher as enterprise adoption of tools such as Claude Code accelerated. In May, Anthropic closed a $65 billion Series H funding round that valued the company at $965 billion post-money. It has filed a confidential draft registration statement with the Securities and Exchange Commission and is widely expected to pursue a public listing later in 2026, with some market participants pointing to a possible autumn window.
Amazon’s equity stake in Anthropic, estimated by various reports in the mid-to-high teens percentage range, has been marked substantially higher on the company’s books as private valuations rose. The combination of the equity position and the long-term cloud spending commitment creates dual exposure for Amazon shareholders to Anthropic’s trajectory—one through potential mark-to-market gains or eventual IPO proceeds, and the other through sustained high-margin infrastructure revenue at AWS.
The competitive AI landscape remains fluid. OpenAI continues to report strong growth, with its own annualized revenue run rate exceeding $40 billion in recent updates, while other players expand compute capacity and model capabilities. Anthropic has diversified its infrastructure relationships, including agreements involving Google’s TPUs and capacity from other providers, even as AWS remains a primary training and deployment partner.
For Amazon, the Anthropic relationship reinforces the strategic importance of custom silicon and large-scale AI infrastructure. Management has previously outlined a long-term vision in which AWS could eventually reach $1 trillion in annual revenue, a goal that would require sustained multiyear expansion of both capacity and customer demand. The multi-gigawatt, multi-decade commitment from a leading model developer provides one concrete illustration of that potential demand.
Musk’s public acknowledgment of Anthropic’s progress arrives at a moment when private-market valuations for frontier AI companies have reached extraordinary levels and public-market investors are closely tracking the contribution of generative AI to hyperscaler growth rates. Whether Anthropic maintains its reported lead in model quality and monetization, and whether the associated cloud spending materializes on the projected scale, will influence both the company’s eventual public valuation and the returns Amazon realizes from its dual role as investor and infrastructure supplier.
As of mid-August 2026, Amazon shares traded near $263, reflecting a market capitalization of roughly $2.8 trillion. The company’s cloud business continues to accelerate even as capital expenditures remain elevated to support AI demand. The partnership with Anthropic stands as one of the more visible examples of how large technology firms are aligning equity capital, custom hardware and long-term cloud contracts with the fastest-growing participants in the generative AI sector.
Business
UBS lists 4 reasons why it may be a good time to look at infrastructure now

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Business
IPO rush: 5 companies to raise Rs 5,499 crore next week; Shiprocket, 4 others to list
Among them, Horizon Industrial Parks alone accounts for nearly 47% of the total fundraising planned through the five IPOs. Lalithaa Jewellery Mart is the second-largest issue, while the remaining three offerings together account for around Rs 1,199.32 crore.
The fundraising will begin on Monday, August 17, with Horizon Industrial Parks and Lalithaa Jewellery Mart opening their IPOs. Horizon is looking to raise Rs 2,600 crore, while Lalithaa Jewellery Mart is targeting Rs 1,700 crore. Both issues will remain open until August 19.
Horizon Industrial Parks has set a price band of Rs 57-60 per share, while Lalithaa Jewellery Mart has fixed its price band at Rs 190-201 per share. Both companies are scheduled to list on the BSE and NSE.
Shankesh Jewellers, Sunshine Pictures to open on August 18
Shankesh Jewellers and Sunshine Pictures will open their issues on August 18. Shankesh Jewellers is seeking to raise Rs 367.18 crore, with a price band of Rs 88-93 per share, while Sunshine Pictures plans to raise Rs 282.14 crore, with its price band set at Rs 342-360 per share. Both issues will remain open for subscription until August 20 and are scheduled to list on the BSE and NSE.
The week’s final IPO will be Gaja Alternative Asset Management, which will open for subscription on August 19 and close on August 21. The company is looking to raise Rs 550 crore through the issue, with a price band of Rs 152-160 per share. Its shares are scheduled to list on the BSE and NSE.
5 listings lined up next week, Shiprocket in focus
While five companies are set to tap the primary market, shares of five companies that have already completed their IPOs are scheduled to make their stock-market debut next week. Together, these companies raised Rs 7,478.69 crore through their public issues.
ETMarkets.comDhoot Transmission, which raised Rs 3,066.89 crore, and Molbio Diagnostics, which raised Rs 939.70 crore, are scheduled to list on August 17.
Milky Mist Dairy Food, which raised Rs 1,553 crore, is scheduled to list on August 18.
Shares of Shiprocket and Behari Lal Engineering are scheduled to make their stock-market debut on August 19. Shiprocket raised Rs 1,617.48 crore, while Behari Lal Engineering raised Rs 301.62 crore.
Business
Empery Asset Management acquires $4.07m in Empery Digital stock

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Business
Debt mutual funds attracted Rs 1.87 lakh crore in July after two months of outflows. Is the trend set to continue?
Debt mutual funds attracted Rs 1.87 lakh crore in July, reversing June-quarter outflows. Liquid, overnight and money market funds led inflows, while longer-duration categories saw redemptions. Experts said flows reflected seasonal treasury movements and continued preference for liquidity.
Business
Top 5 India-focused offshore equity funds and ETFs in Q1FY27. Check details
India-focused offshore funds and ETFs delivered returns of up to 32.7% over three months, outperforming the MSCI India USD Index, which fell 12%. Taishin India led gains, followed by Aditya BSL, SBI Resurgent India Opportunities, AsahiLife Neuberger and Wasatch.
Business
U.K. steps up defense supply-chain checks after naval drones signal China

U.K. steps up defense supply-chain checks after naval drones signal China
Business
New Avengers Doomsday Trailer Drops at D23 Showing Robert Downey Jr as Doctor Doom
ANAHEIM, Calif. — Marvel Studios unveiled a new special-look trailer for Avengers: Doomsday on Friday during Disney’s D23 event, giving fans an expanded view of Robert Downey Jr. as the villain Doctor Doom and the multiversal conflict that drives the December release.
Kevin Feige, president of Marvel Studios, introduced the footage on stage alongside Downey, Chris Evans and Hayley Atwell. The presentation marked one of the major moments of the Disney Entertainment Showcase at the Honda Center.
In the trailer, Pedro Pascal’s Reed Richards confronts Downey’s Victor von Doom amid the ruins of a destroyed city. “Victor, did you do this?” Richards asks. Doom replies in voice-over, “All of you have lived stolen lives,” before adding, “But now you must give them back.”
Vanessa Kirby’s Sue Storm provides additional context on Doom’s transformation. The footage includes her describing a man who “used to be different,” “used to be kind” and “used to be caring,” until “everything he loved was taken from him.” She continues, “I knew he was lost, but I did not realize that he was broken.”
Doom displays significant power in the sequence, leaping from a window and landing with force. When Thor, played by Chris Hemsworth, attempts to intervene, Doom easily overpowers him. The trailer culminates with Doom raising an army of Sentinels from the ground and declaring, “Hell answers to me, for I am Doom.”
The special look also features brief appearances by a wide ensemble drawn from multiple corners of the Marvel Cinematic Universe and related properties. Among those shown are Paul Rudd’s Ant-Man with his daughter Cassie, Joseph Quinn’s Human Torch holding a young Franklin Richards, Patrick Stewart’s Professor X, Ian McKellen’s Magneto, Evans’ Steve Rogers holding an infant, Hemsworth’s Thor with Love, Tom Hiddleston’s Loki, Letitia Wright’s Shuri and James Marsden’s Cyclops.
Avengers: Doomsday, directed by Anthony and Joe Russo, is scheduled for theatrical release on Dec. 18, 2026. The film is positioned as a major team-up that brings together heroes from three distinct universes to confront an existential threat. It is expected to lead directly into Avengers: Secret Wars the following year.
Tickets for the film went on sale nationwide following the D23 presentation, expanding beyond premium large-format screens. A new theatrical poster featuring Doom was also released in connection with the event.
Downey’s casting as Doctor Doom was first publicly confirmed in earlier promotional materials and the initial full trailer released in July ahead of San Diego Comic-Con. That earlier trailer introduced his voice with a distinct accent and offered the first proper look at the character in costume. The D23 footage expands on both the character’s motivation and the scale of the conflict.
Evans, returning as Steve Rogers for the first time since Avengers: Endgame in 2019, joined Downey and Atwell on stage. Atwell reprises her role as Peggy Carter. The appearance of the three actors together underscored the film’s connections to earlier chapters of the franchise while pointing toward new alliances and threats.
The trailer arrives as Marvel continues to integrate characters from the Fox X-Men films into the main MCU timeline. Stewart, McKellen and other actors from those earlier movies appear in the new footage, signaling the broader multiversal scope of the story. Additional confirmed cast members include Anthony Mackie, Florence Pugh, Simu Liu, Sebastian Stan, Winston Duke and members of the Fantastic Four and Thunderbolts ensembles.
Feige has previously described the Multiverse Saga’s concluding films as among the most ambitious projects in the studio’s history. The Russos, who directed Avengers: Infinity War and Avengers: Endgame, returned to helm both Doomsday and the subsequent Secret Wars installment.
The new footage maintains a tone of high stakes and personal loss while showcasing large-scale action sequences and the assembling of disparate hero teams. It stops short of revealing major plot resolutions, consistent with Marvel’s approach of using convention trailers to build anticipation without spoiling key developments.
As of Saturday, the special-look trailer was circulating widely online following its D23 debut. Fan discussion focused on the implications of Doom’s personal tragedy, the presence of Sentinels, the interactions between characters from different universes and the continued presence of legacy heroes such as Rogers and Thor.
Avengers: Doomsday represents a significant commercial and creative pivot for the franchise after several years of expansion into new characters and storytelling formats. The December release date places it as a major year-end theatrical event, with the potential to set up the larger narrative resolution planned for 2027.
The D23 presentation also included other Marvel announcements, but the Doomsday trailer served as a centerpiece for the studios’ film slate. With production having advanced sufficiently for multiple trailers and on-stage talent appearances, the project appears on track for its scheduled opening.
Further marketing materials are expected in the coming months as the December premiere approaches. For now, the latest footage reinforces the film’s central conflict: a powerful and motivated Doctor Doom facing an unprecedented coalition of heroes drawn from across the multiverse.
Business
Royal Biographer Claims Meghan Markle Sees King Charles Reunion As Path To Money
A royal biographer has suggested that Meghan Markle’s motivations behind a recent private family reunion with King Charles III extend beyond simple reconciliation, arguing the meeting could serve as a pathway to greater financial opportunity and public influence for the Duchess of Sussex, though the claim remains a single commentator’s interpretation rather than a confirmed account of Meghan’s thinking.
The comments follow a previously reported private meeting between Charles, Queen Camilla, and Prince Harry and Meghan at Highgrove House last month, which also included the couple’s two children, Prince Archie and Princess Lilibet. According to sources who spoke with Vanity Fair, the roughly hour-long gathering was arranged on short notice and kept tightly under wraps, with one source describing the meeting as “completely cloak-and-dagger, orchestrated by the King.” Another source told the magazine that Charles had specifically wanted to see Harry and the children, and that the meeting’s timing had been unusually last-minute for the monarch, with all involved sworn to secrecy to preserve its privacy.
Royal biographer Angela Levin, writing on X, argued that the reunion should not be interpreted purely as an emotional family moment. “It’s not a dream reunion. It is a pathway to gather money, power,” Levin wrote, framing the meeting as something Meghan in particular could stand to benefit from strategically rather than only personally.
Levin has a long history of public commentary on Harry and Meghan, dating back to a 2018 biography she wrote about Harry based on conversations she had with him before his marriage. She has periodically offered critical assessments of the couple’s choices in the years since, including previous commentary describing what she characterized as increasingly self-centered behavior following their departure from royal duties in 2020. Her latest remarks continue that pattern of skeptical commentary toward the couple, though, as with much of the reporting surrounding the family, her characterization of Meghan’s specific motivations has not been independently confirmed by Meghan, Harry or their representatives.
Levin’s comments followed separate reporting that Harry has privately expressed hope of one day appearing publicly alongside his father at the 2027 Invictus Games in Birmingham, the international sporting competition for wounded and ill service members that Harry founded in 2014. An unnamed source familiar with that speculation told RadarOnline that a joint public appearance between Harry and the King would carry considerable symbolic weight. “It would be an enormously powerful image,” the source said, adding that such a moment would likely shift public attention back toward Harry and Meghan after years in which their strained relationship with the royal family has dominated headlines.
The Highgrove meeting marked the first time Archie and Lilibet had seen their grandfather since celebrations surrounding Queen Elizabeth II’s Platinum Jubilee in 2022, months before the late queen’s death that September. Harry had separately traveled to Britain the same month to attend an event marking one year until the Birmingham Games, though Meghan did not accompany him on that specific trip, reportedly due to security considerations. During that visit, Harry took part in a goat yoga session in Warwickshire, a lighter public moment that contrasted with the far more secretive Highgrove gathering that followed.
No official account of what was discussed during the Highgrove meeting has been released by Buckingham Palace, Kensington Palace, or representatives for the Sussexes. The secrecy surrounding the gathering stood in sharp contrast to the often highly publicized nature of Harry and Meghan’s relationship with the royal family since 2020, a dynamic shaped significantly by the couple’s Oprah Winfrey interview, their Netflix documentary series, and Harry’s 2023 memoir, “Spare,” all of which aired detailed grievances involving Charles and Prince William and exposed private family tensions to a global audience.
Harry is expected to return to Britain again in September for the annual WellChild Awards ceremony, an event he has attended regularly in his role as patron of the children’s charity, offering another potential public appearance to watch for signs of continued engagement between Harry and his father following the Highgrove reunion.
With the 2027 Invictus Games still more than a year away, and no confirmation from either side that Charles intends to attend, whether the King and Harry will ultimately appear together publicly at the event, or whether Levin’s characterization of Meghan’s motivations reflects anything more than speculation, remains to be seen. For now, claims describing the reunion as strategically motivated should be understood as one commentator’s interpretation, offered without direct confirmation from anyone involved in the meeting itself.
Business
Mutual funds deployed over Rs 9,700 crore across 11 IPOs in July. Check key details
Mutual funds invested nearly Rs 9,789 crore across 11 IPOs in July, with INDO-MIM attracting the highest allocation at Rs 3,622 crore, followed by SBI Funds Management and Manipal Health Enterprises, highlighting strong institutional appetite.
Business
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