Sources: US Treasury Secretary Scott Bessent and Fed Chair Jerome Powell warned bank CEOs about Anthropic's Mythos model's risks at an urgent meeting Tuesday (Bloomberg)

Bloomberg:
Sources: US Treasury Secretary Scott Bessent and Fed Chair Jerome Powell warned bank CEOs about Anthropic's Mythos model's risks at an urgent meeting Tuesday  —  Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns …

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Alibaba led a ~$293M funding round for ShengShu, just two months after the creator of the Vidu AI video generator raised ~$88M (Bloomberg)

Bloomberg:
Alibaba led a ~$293M funding round for ShengShu, just two months after the creator of the Vidu AI video generator raised ~$88M  —  Alibaba Group Holding Ltd.'s cloud division led a 2 billion yuan ($293 million) funding round for ShengShu Technology, bolstering the war chest of a young contender in China's crowded AI video contest.

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Sources: SpaceX lost just under $5B last year while generating more than $18.5B in revenue; the loss figure includes xAI (Cory Weinberg/The Information)

Cory Weinberg / The Information:
Sources: SpaceX lost just under $5B last year while generating more than $18.5B in revenue; the loss figure includes xAI  —  SpaceX lost just under $5 billion last year while generating more than $18.5 billion in revenue, two people familiar with the figures said.

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Sources: Anthropic is weighing the possibility of designing its own chips, but it has yet to commit to a design or put together a dedicated team for the project (Reuters)

Reuters:
Sources: Anthropic is weighing the possibility of designing its own chips, but it has yet to commit to a design or put together a dedicated team for the project  —  Artificial intelligence lab Anthropic is exploring the possibility of designing its own chips, three sources said …

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How Black Forest Labs, a 70-person startup based in Germany, became a top competitor in AI image generation; sources: it recently declined to partner with xAI (Maxwell Zeff/Wired)

Maxwell Zeff / Wired:
How Black Forest Labs, a 70-person startup based in Germany, became a top competitor in AI image generation; sources: it recently declined to partner with xAI  —  Black Forest Labs has long punched above its weight in the AI image generation space.  Its next move?  Powering physical AI.

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