DeepSeek raised $7.4 billion in its first outside funding round at a valuation between $52 billion and $59 billion. After three years of self-funding from founder Liang Wenfeng's hedge fund, the...
Posts by Ty Sutherland
Anthropic Filed for Its IPO at $965 Billion. It’s About to Post Its First Profit.
Anthropic submitted its confidential S-1 to the SEC on June 1 at a $965 billion valuation. With $47 billion in annual revenue and approaching its first profitable quarter, the filing reveals an...
Microsoft Build 2026 Declared Agents the New Operating System. Then It Shipped the Proof.
Microsoft Build 2026 turned every major product into an agent platform. Office 365 defaults to Agent Mode, GitHub Copilot goes autonomous, Windows ships on-device AI, and Project Polaris replaces...
Trump Signed an AI Safety Order. Musk and Zuckerberg Rewrote It First.
Trump's first AI safety executive order asks companies to voluntarily submit frontier models for 30 days of government testing. The original version required 90 days. Musk and Zuckerberg lobbied it...
OpenAI Loses $1.22 for Every Dollar of Revenue. It Just Filed for a $1 Trillion IPO.
OpenAI filed its confidential S-1 with the SEC targeting a valuation up to $1 trillion. The financial reality behind the filing: $14 billion in projected losses, $600 billion in compute commitments,...
xAI and SpaceX Filed for a $1.75 Trillion Joint IPO. The Combined-Entity Bet Is the Story.
Early in April 2026, xAI and SpaceX jointly filed for a $1.75 trillion IPO — the largest tech listing in history by a substantial margin. The combined-entity thesis: shared compute,...