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Top stories today:
- Anthropic said to be eyed in deal valuing it above $100B
- Google Search rolls out AI-powered business calling feature in U.S.
- Trumpās crypto legislations move forward as House clears hurdles
- OpenAI adds Google Cloud as ChatGPT infrastructure partner
- Google to unveil new Pixel phones on Aug. 20
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Anthropic said to be eyed in deal valuing it above $100B
$5.5B in equity funding in total is planned for this year, Anthropic told some investors.
Mar.: The startup raised $3.5B in its last equity round.
~60% gross margin from Claude chatbot and AI models, aiming for 70%, Anthropic reportedly told investors.
-30% gross margin from selling Claude models through AWS and Google Cloud.
2024: 70% of Anthropicās revenue came from direct sales.
Overall gross margin has apparently not improved since 2023, when it was 50%-55%.
Anthropic has reportedly projected up to $35B in 2027, vs. $54B projected by OpenAI
$4B+ in annualized revenue in 2025 YTD.
3M downloads of Claude Code in Jul., 6xād from Jun.
$200M+ in annualized revenue attributed to Claude Code.
Claude Codeās rival Cursor was generating $500M in annualized revenue as of Jun., 10xād from last Nov.
Relatedly, Anthropic has rehired Claude Code devs Boris Cherny and Cat Wu after a brief stint at Anysphere.
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3. Google Search rolls out AI-powered business calling feature in U.S.
Uses AI to call local businesses on usersā behalf to collect information about availability and pricing.
Appears when users search for queries like āpet groomers near me.ā
Jan.: Google began testing the feature with users opted into its Search Labs experiments.
Calls announce that itās an automated system calling from Google on behalf of a user to keep businesses informed.
Additionally, Googleās AI Mode is adding Gemini 2.5 Pro model for Google AI Pro and AI Ultra subscribers.
4. Trumpās crypto legislations move forward as House clears hurdles
Representational image generated using ChatGPT.
