BUSINESS

Anthropic, a leading AI startup, projects £8.1 billion in Q2 revenue and anticipates its first operating profit. Discover how its valuation could surpass £671 billion, potentially overtaking OpenAI.

Spanish authorities arrested Mango founder Isak Andic's son as investigators re-examine the billionaire's 2024 hiking death

Ram reintroduces its Rumble Bee muscle trucks with Hemi V8 engines, aiming to capture enthusiast interest despite high fuel prices and electric vehicles shift.

Bolt CEO Ryan Breslow removed the HR department, claiming it caused unnecessary issues. The fintech company is restructuring after a valuation decline, focusing on efficiency and a leaner workforce.

SpaceX is set for a historic IPO, revealing financial details and ambitious plans for multiplanetary expansion, while maintaining control under Elon Musk's leadership.

Hyundai is recalling over 54,000 Elantra Hybrid vehicles in the US due to a fire risk from overheating in the hybrid power control unit.

Anthropic commits to a £980 million monthly deal with SpaceX for AI compute power, underscoring the critical need for infrastructure in the AI sector.

A security flaw on TrumpMobile.com exposed sensitive customer data and revealed inflated sales claims. YouTube journalist Coffeezilla uncovered the breach, highlighting discrepancies in reported pre-order figures.

OpenAI is reportedly preparing for a confidential IPO filing, working with major banks, as a lawsuit from Elon Musk is dismissed, clearing a path for potential public listing.

British SMEs face significant challenges with cross-border payments, losing money to hidden fees. New payment platforms like WorldFirst offer solutions, providing competitive rates and improved infrastructure for international transactions.

A JPMorgan executive has filed a defamation lawsuit against a former employee who accused her of sexual assault and racial abuse, intensifying the legal feud.

Financial expert Dave Ramsey dismisses credit card rewards as ineffective for wealth building, based on a study of over 10,000 millionaires. Learn about the psychology of spending and the pitfalls of loyalty programmes.

The temporary pause in military action against Iran has eased immediate fears, but investors remain wary due to unresolved geopolitical tensions and market volatility.

Bolt's CEO Ryan Breslow navigated a dramatic 97% valuation drop, reshaping the fintech's culture by eliminating HR and implementing strategic layoffs.

Andrej Karpathy, a prominent AI researcher, joins Anthropic, marking a notable shift in the AI industry. His move follows Anthropic's rapid revenue growth and strategic hires from rival companies.

Meta began cutting 8,000 jobs on 20 May, sending termination emails at 4 a.m. in Singapore. A leaked memo ties the layoffs to its $145 billion AI pivot.

The Trump Mobile T1 finally ships nine months late with an 11-stripe American flag, hardware matching a Taiwanese phone, and a $499 price tag for a device sold elsewhere for $128.

Claims suggest Nvidia CEO Jensen Huang increased market value through public appearances in China. However, analysts say the rise is due to AI demand.

Meta plans to cut 10% of its workforce, leaving employees in a month-long state of uncertainty. The layoffs, affecting thousands, highlight the challenges in the tech job market.

Standard Chartered plans to cut 7,800 support roles by 2030, leveraging AI and automation to enhance productivity and efficiency, marking a significant shift in workforce strategy.

Bank of America agrees to a $2.25 million settlement over alleged duplicate ATM fees at 7-Eleven. Former customers must file claims by June 29 to qualify for compensation.

How major football tournaments in Africa can boost economies by creating jobs, improving infrastructure, increasing tourism, and attracting foreign investment.

Journalist Clemmie Moodie alleges she was scammed out of £1,000 in an investment scheme linked to Lee Andrews, husband of Katie Price. Andrews denies all allegations.

Sony's PlayStation Plus price hike starts on 20 May, affecting new subscriptions but not existing users. Gamers are outraged, especially as Turkey and India subscribers remain unaffected.

A jury in Oakland dismissed Elon Musk's lawsuit against OpenAI, citing statute of limitations, clearing the way for OpenAI's planned trillion-dollar IPO in 2026.

Clothing labels and woven details play a key role in brand recognition by communicating quality, consistency, and craftsmanship through subtle design choices.

Maria Psarra redefines legacy as a present responsibility, focusing on daily impact and intentionality rather than wealth. Her philosophy encourages purposeful leadership and meaningful contributions.

Learn how experienced silver buyers analyse spot prices, premiums, market signals, and timing to make smarter silver purchases.

Donald Trump's Nvidia stock trades have raised ethics concerns due to their timing with regulatory decisions, prompting calls for a presidential trading ban amid national security worries.