tech

Jon Keegan & Hyunsoo Rim1h

Anthropic’s revenue continues to surge, shooting past OpenAI

The drip, drip, drip of leaked financials from OpenAI and Anthropic is turning into a steady flow as the two AI giants jockey for position ahead of their planned IPOs later this year.

The companies’ soaring valuations and annualized recurring revenue (ARR) have been running neck and neck for months, and The Information now reports that Anthropic is generating an estimated 35% more revenue than OpenAI.

According to The Information’s reporting, Anthropic is close to a staggering $45 billion ARR, while OpenAI is at an estimated $33 billion ARR.

Anthropic Nears $45 billion in ARR — (Chartr)

Last month, Anthropic announced that its ARR had reached $30 billion — tripling since the end of 2025. That put it ahead of OpenAI’s $24 billion ARR, which the ChatGPT maker reported at the end of March.

Then last week it was reported that OpenAI held a $1 billion lead in Q1 revenue over Anthropic.

That $45 billion ARR is a whopping 5x the $9 billion Anthropic reported at the end of 2025.

Anthropic Is Likely Generating at Least 35% More Revenue Than OpenAI

Anthropic Is Likely Generating at Least 35% More Revenue Than OpenAI

According to The Information’s reporting, Anthropic is close to a staggering $45 billion ARR, while OpenAI is at an estimated $33 billion ARR.

Anthropic Nears $45 billion in ARR — (Chartr)

Last month, Anthropic announced that its ARR had reached $30 billion — tripling since the end of 2025. That put it ahead of OpenAI’s $24 billion ARR, which the ChatGPT maker reported at the end of March.

Then last week it was reported that OpenAI held a $1 billion lead in Q1 revenue over Anthropic.

That $45 billion ARR is a whopping 5x the $9 billion Anthropic reported at the end of 2025.

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Tesla is recovering in Europe. BYD is still beating it.

Tesla’s recovery across Europe continued last month, but it still lags BYD, according to new data from the European Automobile Manufacturers’ Association. In April, BYD registered more than twice as many cars as Tesla in the EU, UK, and the European Free Trade Association. It’s also growing faster, with BYD up 115% compared with April 2025, while Tesla grew 47% in that time. Year-to-date registration data tells a similar story.

Tesla thinks upcoming approval of its supervised Full Self-Driving tech is integral to its success on the continent.

“It’s worth noting that we do not actually yet have approval for supervised FSD in Europe,” CEO Elon Musk said during an earnings call last year. “So our sales in Europe, we think, will improve significantly once we are able to give customers the same experience that they have in the US.”

Tesla recently received approval for a version of its supervised FSD in the Netherlands, its first European market, and expects “EU-wide” approval in the second or third quarter of this year.

European vehicle regulators could potentially vote on the issue in July.

tech

Jon Keegan5/26/26

Amid fears of AI killing tech jobs, companies race to fill cybersecurity roles

One of the biggest fears of the AI boom is that the technology will destroy jobs, starting with entry-level programmers and eventually coming for all manner of white-collar work.

This week, OpenAI CEO Sam Altman said the “jobs apocalypse” isn’t turning out as bad as he’d feared, noting, “I’m delighted to ⁠be wrong about this.”

One tech job that had appeared at risk of AI replacement was cybersecurity engineer. But The New York Times reports that the role is now going through a “hiring frenzy,” and tech recruiters can’t keep up with demand for them.

One of the driving forces behind the surge in cybersecurity roles is the emergence of Anthropic’s Mythos AI model — which is being held back by the company due to its advanced cyber capabilities until companies can shore up defenses.

The demise of software engineering roles in general may have been overblown as well. According to the report, engineers are still needed to manage AI agents, which are increasingly writing the bulk of the code at Big Tech companies.

One Job That Is Growing in the A.I. Era? Cybersecurity Experts.

NYT preview img

One tech job that had appeared at risk of AI replacement was cybersecurity engineer. But The New York Times reports that the role is now going through a “hiring frenzy,” and tech recruiters can’t keep up with demand for them.

One of the driving forces behind the surge in cybersecurity roles is the emergence of Anthropic’s Mythos AI model — which is being held back by the company due to its advanced cyber capabilities until companies can shore up defenses.

The demise of software engineering roles in general may have been overblown as well. According to the report, engineers are still needed to manage AI agents, which are increasingly writing the bulk of the code at Big Tech companies.

Figure robot sorting packages GIF

Figure’s robots just sorted packages for 200 hours straight

What started as a 10-hour human-versus-robot challenge turned into a continuous marathon shift spanning nine days of continuous work.

Jon Keegan5/22/26

tech

Rani Molla5/22/26

Report: Uber considers full Delivery Hero takeover to take on DoorDash outside the US

Uber appears to be considering upping its competition with DoorDash outside the US, exploring a potential full takeover of Frankfurt-listed Delivery Hero, Bloomberg reports. Earlier this week the US-based ride-hailing service disclosed a 19.5% stake in the food delivery company, but now that could go higher.

The $11.8 billion German company could be particularly vulnerable to a takeover right now, with its CEO having recently stepped down following pressure from activist investors to sell off assets. A full acquisition would give Uber a massive foothold in over 60 countries to combat DoorDash’s European-focused Wolt unit.

Uber has been involved in a lot of deal-making of late, mostly in the autonomous vehicle space, where it now has more than 30 partnerships globally.

Uber extended its losses on the news and is currently down around 1.7%.

Uber Said to Study Full Takeover of European Rival Delivery Hero

Uber Said to Study Full Takeover of European Rival Delivery Hero

The $11.8 billion German company could be particularly vulnerable to a takeover right now, with its CEO having recently stepped down following pressure from activist investors to sell off assets. A full acquisition would give Uber a massive foothold in over 60 countries to combat DoorDash’s European-focused Wolt unit.

Uber has been involved in a lot of deal-making of late, mostly in the autonomous vehicle space, where it now has more than 30 partnerships globally.

Uber extended its losses on the news and is currently down around 1.7%.

tech

Rani Molla5/22/26

Meta released a Reddit dupe. Reddit investors don’t like it.

Fresh on the heels of releasing a Snapchat dupe, which sent Snap down earlier this month, Meta seems to be meddling with Reddit, quietly releasing a Reddit-like Facebook app called Forum yesterday. After news of the “dedicated space built for deeper discussions, real answers and the communities you care about,” Reddit’s stock is down 4.5% today.

Last month, Reddit’s earnings report handily beat analysts’ expectations, but it continues to struggle with the perception that bigger tech companies — including Meta — investing heavily in AI will eat its lunch. The stock is down nearly 40% year-to-date.

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