Anthropic has closed a $65 billion Series H round at a $965 billion post-money valuation, co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Coatue, and others, with strategic participation from Samsung, SK Hynix, and Micron. The round includes $15 billion in previously committed hyperscaler investments, among them $5 billion from Amazon. Altimeter founder Brad Gerstner […]
Enterprises everywhere have been urging employees to adopt AI, with internal leaderboards springing up to show who has used the most AI tokens. Such games can backfire, though, as Amazon recently discovered.
Kirorank, an unofficial leaderboard tracking usage of Amazon’s Kiro AI tool, ranked workers according to their AI activity, but senior managers at Amazon found that employees were creating AI agents to carry out unnecessary tasks in an attempt to boost their scores, a practise known as tokenmaxxing, according to a report in the Financial Times. The tracker has now been taken offline.
Kirorank
The FT quoted an Amazon senior VP as saying that the leaderboard had been built “with good intentions” but the compute costs it generated were too high.
Amazon is not the only company to find that attempts to boost AI use can have negative implications. In April, Meta killed an unofficial ranking system called Claudeoconomics, which had also led to a frenzy of tokenmaxxing.
Token usage is easy
Meta has raised the possibility that it could be joining the likes of Amazon, Microsoft and Google in offering cloud services at some point in the future — although potential customers shouldn’t be adding the company to their suppliers list just yet.
When asked about plans for offering such services at the company’s annual shareholders meeting, Meta CEO Mark Zuckerberg said there was a possibility of the company competing with the major hyperscalers. “It’s definitely on the table.”
He explained that different companies were approaching Meta asking for the company to offer an API service or to buy compute services at a premium price. “We haven’t done it yet, because we think we have a use for the compute, but when we feel we have overbuilt, then that is an option that we have.”
Meta has been active in developing its data centers over the past few years, so there will be a possibility of some excess capacity. It is also developing its own AI chips.
For the moment, though, the company ma
When newly public companies have been valued as richly as SpaceX, OpenAI and Anthropic seem likely to be, the outlook for ordinary investors has been poor.
Anthropic is set to tap a $36 billion private credit deal led by Blackstone and Apollo to finance Google AI chips backed by Broadcom, in one of history’s largest debt financings. Private equity giants Apollo Global Management and Blackstone are…
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Micron Stock remains in a powerful daily uptrend, yet intraday momentum has cooled beneath the upper band. After the $1 trillion milestone, the base case stays bullish but choppy, with resistance at 947–950 and a forming support shelf in the low 900s. MU — daily chart with candlesticks, EMA20/EMA50 and volume. Daily Technical Outlook for Micron Stock Trend and Momentum On the daily timeframe, MU closed at 923.52 after a 904.78–949.49 range. EMAs are stacked and rising: EMA20 735.53, EMA50 603.02, and EMA200 382.42. Therefore, the primary trend is decisively higher and extended above medium‑ and long‑term averages. RSI14 sits at 75.68. Momentum is hot and overbought, which raises near‑term pullback risk without breaking the trend. Meanwhile, MACD prints 94.76 versus a 81.31 signal with a 13.45 histogram, keeping upside momentum positive and the bull case intact. Bands, Volatility, an
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