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Top stories today:
- Apple said to develop AirTag-sized AI pin with cameras for 2027 launch
- Anthropic revenue run rate said to top $9B
- OpenAI said to seek $50B+ at up to $830B valuation
- OpenEvidence raises $250M at $12B for āChatGPT for doctorsā
- SpaceX IPO said to be pushed by Elon for Jul. to boost xAI
- Global chip stocks rise as NVIDIAās Huang cheers AI boom
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. Apple said to develop AirTag-sized AI pin with cameras for 2027 launch
Representational image generated using ChatGPT.
2 cameras (standard + wide-angle) and 3 microphones are said to be included.
Wireless charging and a built-in speaker are also planned.
The device is described as a thin, flat circular disc with an aluminum-and-glass shell.
20M units are reportedly targeted for initial manufacturing.
The project is still early-stage and could be canceled.
Relatedly, Apple is reportedly revamping Siri into its first AI chatbot in iOS 27 and macOS 27 this fall, replacing the current interface.
2. Anthropic revenue run rate said to top $9B as Iconiq, Lightspeed, Menlo join new round
The round is reportedly oversubscribed, with backers already on track to cover Anthropicās $10B+ target.
The raise could reach $20B+, with $15B+ in prior commitments from Microsoft and NVIDIA.
Coatue and GIC are said to be investing ~$1.5B each, while Iconiq is slated to commit at least $1B
Anthropic reportedly projected a ~40% gross margin in 2025, down from ~50% on higher inference costs
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4. OpenAI said to seek $50B+ at up to $830B valuation as Altman courts Middle East investors
