Here are the tech and AI stories worth knowing this week, with quick summaries and links to the original reports.
Anthropic reports Q3 revenue of $16.8B, up 45%, ahead of IPO
Anthropic told prospective investors that third-quarter revenue rose to $16.8B from $11.6B in the second quarter, and that it was profitable on an adjusted basis. The company is reportedly targeting a valuation above $2T for an IPO expected next month.
Source: Reuters via RTE
NYC Comptroller urges Anthropic to pause its IPO
Comptroller Mark Levine, who oversees city pension funds with more than $325B in assets, sent Anthropic CEO Dario Amodei a letter asking the company to delay its IPO until it addresses safety, governance, and the pace of AI development. Separately, Amodei has said outside safety evaluators will get the same access to Anthropic’s models as its own employees.
Sources: Bloomberg, The Economist via The Nightly
Meta releases open-weight Muse Spark model for coding and agentic tasks
Meta released Muse Spark Open, a model with 816B total parameters, 42B active at a time, and a 1M-token context window. Meta says it can run locally on two Apple M5 Ultra Mac Studios, and several API providers already offer it.
Source: Reuters via Investing.com
ByteDance sets up AI safety team and launches global hiring drive
ByteDance’s AI research unit, Seed, created an Alignment & Preparedness team and is hiring 10 researchers in Beijing, Shanghai, and San Jose. Seed says the team will get computing resources comparable to its frontier-model teams.
Source: Reuters via 93.3 The Drive
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