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Top stories today:
- Anthropic said to break even by 2028 as OpenAI losses swell to $74B
- Metaās chief AI scientist Yann LeCun plans exit to start new venture
- Google unveils Private AI Compute to take on Apple
- SoftBank shares -3% after $5.8B NVIDIA exit rattles AI investors
- Apple said to delay next iPhone Air after weak sales, plan dual cameras
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 break even by 2028 as OpenAI losses swell to $74B
Anthropic expects to burn ~$3B on $4.2B in sales, per internal documents.
OpenAI is expected to burn $9B on $13B in sales this year, and only turn a profit in 2030
OpenAI is reportedly set to spend ~$235B on AI costs through 2028, over 3Ć Anthropicās plan
2025: Anthropic is projected to generate ~80% of its $4.7B in revenue from selling AI models through an API and the rest from its Claude subscriptions.
OpenAIās broad research efforts and backup servers are expected to inflate compute expenses
2. Metaās chief AI scientist Yann LeCun said to plan exit to start new venture
LeCun, a Turing award winner, has reportedly told associates about his departure from Meta in the coming months.
He is said to be in early talks to raise funds for his own startup.
LeCun has been reporting to Alexandr Wang, Metaās āsuperintelligenceā lead.
Furthering work on world models will be LeCunās next endeavor.
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4. Google unveils Private AI Compute, its answer to Appleās Private Cloud Compute
The new platform will handle more complex AI requests that require greater reasoning and compute power than devices can manage on their own.
Sensitive data remains āonly accessible to you and no one else ā not even Google,ā the company said.
