In Brief Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter, and deliver an operating profit for the first time, the Wall Street Journal reports. That’s a big milestone and fast quarter-over-quarter growth that would put it in an advantageous position relative to its chief competitor, OpenAI. However, the WSJ reports, it may not rem...
In Brief Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter, and deliver an operating profit for the first time, the Wall Street Journal reports. That’s a big milestone and fast quarter-over-quarter growth that would put it in an advantageous position relative to its chief competitor, OpenAI. However, the WSJ reports, it may not remain profitable throughout the year due to the large compute costs it’s scheduled to incur. These financials were recently shared with the company’s investors as part of a funding round. The startup has gained in popularity over the past year, as more and more professionals have expressed a preference for its chatbot, Claude. The company has also made recent efforts to diversify its customer base — including announcing a new service for small business owners and new tools for law firms. Interestingly, this info about Anthropic’s alleged profitability dropped the same day as news broke about OpenAI likely filing for its IPO soon. Anthropic declined to provide further comment.
There have been numerous disturbing moments during New Zealander Everlee Wihongi’s ongoing detention in US Immigration and Customs Enforcement (ICE), but there is one that stands out, her mother says. When detainees are transferred between facilities they are required to remove their assigned uniforms and put on the clothes they wore the day they were detained, Betty Wihongi, tells the Guardian fr...
There have been numerous disturbing moments during New Zealander Everlee Wihongi’s ongoing detention in US Immigration and Customs Enforcement (ICE), but there is one that stands out, her mother says. When detainees are transferred between facilities they are required to remove their assigned uniforms and put on the clothes they wore the day they were detained, Betty Wihongi, tells the Guardian from Wisconsin, her home of nearly 30 years. “Everlee says you can tell what people were doing when they were apprehended by ICE. There are nurses in scrubs, road workers, pregnant mothers with children – all shackled,” she says. “They’re not gangsters, they are not people causing trouble, they are just normal people who want a good life.” Everlee Wihongi, 37, who moved to the US when she was six and holds a green card, was detained in Los Angeles on 10 April, after a family trip to New Zealand. After an agonising seven hour wait at the airport, Wihongi called her family saying there had been an issue with a historic conviction and she was being sent to an ICE processing facility in Adelanto, California. Wihongi had a conviction for possession of marijuana dating back more than a decade and she had travelled in and out of the country several times without issue. She was not asked to declare her conviction on any of those trips, including her attempt to re-enter the US on 10 April, Betty says. “We felt sick, we were just terrified, because anytime ICE comes on TV here it is never good news.” The family hoped Wihongi would soon be released. Instead, she is nearly six weeks into her detention. View image in fullscreen Detained people are seen behind fences at the Adelanto ICE detention facility in Adelanto, California. Photograph: Patrick T Fallon/AFP/Getty Images During her time in the Adelanto facility, Wihongi was housed in a room with 45 people for 22 hours a day, Betty says. The guards would regularly leave lights on during the night and talk and shout outside the room. Bet...
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by the inflection of inference demand and the fastest product ramp in company history for Blackwell systems. Management attributed the 92% year-over-year data center growth to the transition of hyperscale workloads from CPU ...
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by the inflection of inference demand and the fastest product ramp in company history for Blackwell systems. Management attributed the 92% year-over-year data center growth to the transition of hyperscale workloads from CPU to GPU-based accelerated computing. The company introduced a new reporting framework (Hyperscale vs. ACIE) to better reflect diverse growth drivers across AI factories, sovereign clouds, and industrial sectors. Strategic positioning centers on an 'extreme codesign' approach, delivering the industry's lowest token cost and highest ROI for AI factory operators. The 'ACIE' segment (AI Clouds, Industrial, and Enterprise) is expanding rapidly as organizations require integrated, full-stack solutions they can operate without custom chip design.
A global AI boom has turbocharged demand for chips from South Korea’s tech giants, including SK Hynix Inc. and Samsung Electronics Co. , helping to drive the country’s benchmark Kospi stock index up more than 150% over the past year. Yet despite the Kospi outpacing every other major equity market in the world, the South Korean won remains one of Asia’s weakest currencies. That disconnect is unusua...
A global AI boom has turbocharged demand for chips from South Korea’s tech giants, including SK Hynix Inc. and Samsung Electronics Co. , helping to drive the country’s benchmark Kospi stock index up more than 150% over the past year. Yet despite the Kospi outpacing every other major equity market in the world, the South Korean won remains one of Asia’s weakest currencies. That disconnect is unusual. Strong stock-market gains are typically accompanied by a strengthening currency, especially in export-driven economies like South Korea. Here’s what to know. What’s happening to the won? The South Korean won has been declining since mid-2025, but it breached the psychologically important 1,500 per dollar level in late March — the weakest level since the 2009 global financial crisis. The decline was driven by escalating geopolitical tensions tied to the US-Iran war, as well as capital outflows from the local stock market as foreign investors sold securities in favor of safer assets. The currency later recovered some of its losses, but drifted back toward its March lows in mid-May as rising tensions in the Middle East pushed oil prices above $100 per barrel. That matters because South Korea imports almost all of its energy needs, meaning higher oil prices increase demand for US dollars to pay for those imports, putting additional pressure on the won. The won has been one of Asia’s worst-performing currency so far this year. It’s about 4% weaker than at the start of 2026 — even as South Korea’s benchmark Kospi stock index climbed above 8,000 points for the first time. What’s the traditional correlation between the stock market and the won? Historically, the value of the won has risen in tandem with the stock market. That’s because foreign investors have long played a major role in South Korean markets, and buying Korean equities typically requires them to convert foreign currency into won, increasing demand for the local currency and pushing up its value. South Korea’s expo...
Traders work on the floor of the New York Stock Exchange during morning trading on May 20, 2026 in New York City. Michael M. Santiago | Getty Images S&P 500 futures slipped Wednesday night as investors debated whether Nvidia 's earnings report met the high bar set for the artificial intelligence titan. Futures tied to the broad index declined 0.4%, while Nasdaq 100 futures lost 0.6%. Dow Jones Ind...
Traders work on the floor of the New York Stock Exchange during morning trading on May 20, 2026 in New York City. Michael M. Santiago | Getty Images S&P 500 futures slipped Wednesday night as investors debated whether Nvidia 's earnings report met the high bar set for the artificial intelligence titan. Futures tied to the broad index declined 0.4%, while Nasdaq 100 futures lost 0.6%. Dow Jones Industrial Average futures dropped 144 points, or 0.3%. Nvidia breezed past Wall Street's expectations for earnings and guidance, in addition to announcing a hike in its quarterly cash dividend to 25 cents. But investors have come to expect the chipmaker to beat estimates and raise its outlook amid the AI boom. The megacap tech player's shares whipsawed around their flatline in extended trading, last down about 1%. Intuit tumbled 13% after posting worse-than-expected revenue and announcing a roughly 17% workforce reduction, or about 3,000 people. On the other hand, E.l.f. Beauty climbed 4% after beating Wall Street's forecasts on both lines and saying it would roll back some tariff-related price increases. Stocks rallied on Wednesday, snapping a three-day losing streak for the S&P 500 , as oil prices and bond yields retreated. Investor spirits were lifted after President Donald Trump said the administration was in the "final stages" of negotiations with Iran, according to a pool report. "The market is coming off a really strong earnings season that delivered positive revisions to earnings expectations, but concerns around inflation and demand destruction in the economy are proving persistent," said Scott Helfstein, head of investment strategy at Global X ETFs. "That can be hard to look through, but there are still a lot of positive trends that can help propel the economy and markets." Investors on Thursday will monitor earnings from Walmart — the U.S.' largest grocer and private employer — before the bell, followed by Workday after the market closes. Traders will also follow e...
Micron's (MU +4.60%) stock has soared over the previous few years, but has been down in recent days. *Stock prices used were the afternoon prices of May 18, 2026. The video was published on May 20, 2026.
Micron's (MU +4.60%) stock has soared over the previous few years, but has been down in recent days. *Stock prices used were the afternoon prices of May 18, 2026. The video was published on May 20, 2026.
Singapore Telecommunications Ltd. , the country’s largest telecom operator, reported a full-year net profit of S$5.61 billion ($4.4 billion), lifted by gains from stake sales in Bharti Airtel Ltd. Net profit climbed 40% from a year earlier, while underlying earnings would have increased 21%, the company said on Thursday. “Our regional associates Airtel and AIS were standout performers, delivering ...
Singapore Telecommunications Ltd. , the country’s largest telecom operator, reported a full-year net profit of S$5.61 billion ($4.4 billion), lifted by gains from stake sales in Bharti Airtel Ltd. Net profit climbed 40% from a year earlier, while underlying earnings would have increased 21%, the company said on Thursday. “Our regional associates Airtel and AIS were standout performers, delivering solid contributions to the Group,” Yuen Kuan Moon , group CEO, said in a statement. “Optus saw sustained business momentum while it invested to improve operational resilience, NCS achieved record bookings on the back of strong AI demand and Digital InfraCo achieved new milestones through its Nxera data centre arm.” Following the results, the company said its annual dividend reached a record S$0.185. Operating revenue remained steady at S$14.26 billion, while Ebitda and operating company Ebit increased 2% and 9%, respectively, supported by strong contributions from NCS Pte Ltd. , Digital InfraCo and Singtel Optus Pty Ltd. , according to the statement. Singtel also said it is open to working with potential Australian partners for Optus. “The Group is open to working with potential Australian partners that align with its objectives of ensuring that Optus continues to be a strong alternative operator in the industry, providing a reliable and trusted critical service to all Australians,” it said in a separate statement . It plans to invest an additional S$1.2 billion, mainly in data centers, equipment, and fit-outs for its GPU-as-a-Service facilities and AI capabilities. The conflict in the Middle East could heighten foreign exchange risks arising from volatility in regional currencies across its markets, which may in turn weigh on translated earnings, it added.