
According to The Wall Street Journal, the valuation is about $7 billion. According to Calcalist, the price is lower, about $5.5 billion, after Nvidia and Anthropic passed. The company, founded by 8200 veterans, was only founded in 2023.
Yael Barak, AI Correspondent / 3 min read

Cathedral reached the Claude maker's HR, sales and IT systems through third-party software, as part of a bug bounty program. According to Anthropic, user conversations, source code and model weights were not exposed.
Omer Levin, Cyber Correspondent / 3 min read

Anthropic's security team revealed five attack chains built by an unreleased internal research model, including one-click remote code execution in Chrome. All the flaws were reported to vendors in advance and, according to reports, fixed.
Omer Levin, Cyber Correspondent / 3 min read

The Israeli solar energy company is cutting about 10% of its workforce despite improved second-quarter results. The reasons: weak demand for residential solar in the US and excess distributor inventory in Europe.
Noa Sagi, Startups Correspondent / 3 min read

According to Bezeq CEO Nir David, private customers' use of chatbots, personal assistants and AI tools tripled in just three months. Data traffic used to double only every two and a half to three years.
Maya Dor, Products Correspondent / 3 min read

At Oracle AI World, the software giant announced four new AI products with OpenAI, and a deal that will make it the first major cloud provider outside Google to offer Google's chips.
Yael Barak, AI Correspondent / 3 min read

GM will move its shares from the New York Stock Exchange to the tech-heavy exchange in November, a step that makes it eligible to join the Nasdaq-100 alongside the tech giants.
Itai Rosen, Global Tech Correspondent / 3 min read

The AI company's compute commitment to Elon Musk's company has grown almost threefold from early estimates. Most of the contracts can be cancelled on 90 days' notice, a key detail for IPO investors.
Yael Barak, AI Correspondent / 3 min read

Freedman, who led fundamental research in the science group of Verily, Alphabet's life sciences company, will be responsible at the Nasdaq-listed Israeli quantum company for bridging AI and quantum technologies.
Techwire staff / 3 min read

The three companies, which plan to spend up to $600 billion this year on infrastructure, report results in the coming days. Against a market selloff and rising financing costs, investors want proof the money is coming back.
Itai Rosen, Global Tech Correspondent / 3 min read

The company presents a proof of a 35-year-old mathematical conjecture, a disproof of a central conjecture in computer science and a result in quantum field theory. None of the claims has been peer-reviewed yet, and outside experts are now checking them.
Yael Barak, AI Correspondent / 3 min read

The FTC is widening its investigation into consumer harm from AI companies. Anthropic has already warned in its prospectus that the probe could be costly and force changes to its models.
Yael Barak, AI Correspondent / 3 min read

Enthusiasm over Anthropic's IPO filing keeps pushing chip stocks higher, and Bank of America expects memory to stay tight in 2027 and 2028. This week: earnings from SK Hynix and SanDisk.
Itai Rosen, Global Tech Correspondent / 3 min read

Bank of America, Citi, Morgan Stanley and Blackstone will fund a special-purpose company that buys the chips and leases them to the maker of Claude. Broadcom is guaranteeing part of the risk, and Moody's is already sounding a warning.
Yael Barak, AI Correspondent / 3 min read

The chip giant is buying the Tel Aviv quantum software company in a cash-and-stock deal, its first major acquisition in four years. Classiq will keep supporting rivals' hardware.
Noa Sagi, Startups Correspondent / 3 min read

The developer of Claude opened its books ahead of one of the largest IPOs in tech history. Revenue jumped about 14x, and net loss reached $80.7 billion, mainly due to the revaluation of convertible bonds.
Yael Barak, AI Correspondent / 3 min read

Apple released an update that gives Siri memory of earlier conversations and access to personal data across several apps. The features require an iPhone 16 or later or an iPhone 15 Pro, and there is a new setting to exclude apps.
Maya Dor, Products Correspondent / 3 min read

The software giant is cutting costs amid enormous AI spending. The offer applies to employees in the US, Canada, the UK and India, who must decide by early December. In Israel, about 50 Copilot Studio employees were called to pre-dismissal hearings.
Itai Rosen, Global Tech Correspondent / 3 min read

After its first quarter of negative free cash flow in more than a decade, the social media giant turns to the capital markets. Nvidia, AMD and Broadcom signal interest in taking part.
Itai Rosen, Global Tech Correspondent / 3 min read

Google Cloud's new agent works inside Gmail, Docs and Sheets, but also in Microsoft 365 and Slack. It picks a model for each task, including Anthropic's Claude.
Maya Dor, Products Correspondent / 3 min read