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TechnologyJudge Dismisses xAI's Trade-Secret Lawsuit Against OpenAI With Prejudice
A federal judge dismissed xAI's trade-secret lawsuit against OpenAI with prejudice, ruling that asking a job candidate about prior work does not constitute inducement. It is Musk's second legal loss against OpenAI in four weeks.
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TechnologyAnthropic Launches Claude Fable 5 and Mythos 5 at $10 and $50 per Million Tokens
Anthropic launched Claude Fable 5 and the restricted-access Claude Mythos 5 on June 9, pricing the API at $10 per million input and $50 per million output tokens and claiming state-of-the-art results across coding, finance, and biology work.
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TechnologySuno Raises $400 Million at $5.4 Billion Valuation, Led by Bond Capital
AI music generator Suno raised $400 million at a $5.4 billion valuation led by Bond Capital — more than double its November 2025 mark, even as Universal and Sony press copyright suits against it.
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TechnologyCoralogix Raises $200 Million at $1.6 Billion Valuation to Monitor AI Agents
Coralogix raised $200 million at a $1.6 billion valuation, led by Advent and CPPIB, as the observability company bets that monitoring autonomous AI agents in production becomes the next big software market.
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TechnologyGeneralist AI Raises $400 Million at $2 Billion Valuation Led by Radical Ventures
Generalist AI, a San Mateo robotics startup, raised $400 million at a $2 billion valuation led by Radical Ventures, with backing from Nvidia and Bezos Expeditions, to build general-purpose AI models for robots.
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TechnologyCognition Raises $1 Billion at $25 Billion Pre-Money Valuation, Up 2.5x in Eight Months
Lux Capital, General Catalyst, and 8VC co-led Cognition's $1B+ raise at a $25B pre-money mark — 2.55x the $10.2B post-money valuation set just eight months ago. The Devin maker reports $492M ARR and says 10x enterprise usage growth since January.
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TechnologyAnthropic Agrees to a $30 Billion Round at $900 Billion Pre-Money Valuation, FT Reports
Sequoia, Dragoneer, Altimeter, and Greenoaks each writing $2B checks. The pre-money mark is 2.6x Anthropic's February Series G and pushes past OpenAI's $852B. Closing expected this week.
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TechnologyFireworks AI in Talks to Raise at $15 Billion Valuation, Index Ventures Set to Co-Lead
Bloomberg reports the AI inference startup is in talks for a new round at $15B — nearly 4x its $4B Series C valuation from October 2025 and almost 30x its July 2024 mark. Index Ventures is set to co-lead.
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TechnologyOpenAI Reports $5.7 Billion Q1 Revenue, $1 Billion Ahead of Anthropic
OpenAI generated $5.7 billion in Q1 2026 — about $1 billion more than Anthropic and the company's strongest quarter to date, per The Information. Codex and the enterprise API line drove most of the surge. Anthropic's gap is structural: enterprise demand has outrun the compute it has under contract.
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TechnologyAlibaba Releases Qwen3.7-Max Agent Model With 69.7 on Terminal-Bench 2.0
Alibaba's Qwen team released Qwen3.7-Max, a proprietary agent foundation model that posts a 69.7 on Terminal-Bench 2.0-Terminus, sustains 35-hour autonomous runs across 1,000+ tool calls, and is benchmarked to run inside Claude Code, OpenClaw, and Qwen Code.
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TechnologyMicrosoft Is in Talks to Sell Anthropic Its Maia 200 AI Chips
Six months after Microsoft's $5B investment and Anthropic's $30B Azure commitment, the two companies are negotiating to put Claude workloads on Microsoft's custom Maia 200 chips. The deal would give Anthropic a fourth compute supplier and Microsoft its first major external Maia customer.
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TechnologyCursor Hits $3 Billion ARR With SpaceX Holding a $60 Billion Buy Option
Cursor's annualized revenue passed $3 billion in late April with 3,000 customers paying at least $100,000 a year. SpaceX holds a 30-day option to buy the company for $60 billion after it lists June 12 — or pay a $10 billion break fee.