Anthropic CEO Dario Amodei is disputing arguments he’s overly pessimistic about artificial intelligence’s impact. As TechCrunch reported Sunday (Aug. 16), Amodei made these claims in response to comments from investor Gavin Baker, who contended in a post on X and on the “All In” podcast that the executive’s warnings about AI-related risks have helped drive The post Anthropic CEO Says He’s Not an AI Pessimist appeared first on PYMNTS.com.

A jump in corporate artificial intelligence spending has not translated into a corresponding boost in earnings. That’s according to a report Sunday (Aug. 16) by Seeking Alpha, citing an analysis from Goldman Sachs which found that just 2% of S&P 500 companies quantified the effects of AI in second-quarter earnings reports. Of those, 11% cited The post Goldman Sachs Says AI Spending Not Boosting Corporate Earnings appeared first on PYMNTS.com.

Open-weight models from China’s Alibaba have reportedly become the world’s top artificial intelligence offerings. The company’s models have seen more than 3 billion downloads worldwide over the last six months, surpassing those of Meta, Google and Alibaba’s Chinese competitors like DeepSeek, Bloomberg News reported Saturday (Aug. 15). Alibaba told Bloomberg in a statement that Qwen, The post Alibaba Overtakes Google and Meta With 3 Billion AI Model Downloads appeared first on PYMNTS.com.

Anthropic has reportedly shared a substantial jump in quarterly revenue with would-be investors. The artificial intelligence startup saw revenues for the second quarter increase more than 14-fold since the same period in 2025, Bloomberg News reported Friday (Aug. 14), citing documents viewed by the news outlet. Those documents showed Anthropic reporting a preliminary revenue figure The post Anthropic Touts 14-Fold Jump in Revenue for Would-Be Investors appeared first on PYMNTS.com.

American regulators have granted a banking license to a President Donald Trump-affiliated cryptocurrency company. The Office for the Comptroller of the Currency (OCC) issued its preliminary conditional approval Friday (Aug. 14) for a national banking charter requested by World Liberty Financial (WLF), a company led in part by the president’s older sons. WLF plans include The post OCC Approves Conditional Bank Charter for Trump Family Crypto Company appeared first on PYMNTS.com.