OpenAI Cash Burn to Hit $280 Billion by 2030 as Anthropic Profit Surges
OpenAI predicts that its cash burn will jump to $280 billion by 2030, while Anthropic continues its profitability run ahead of IPO.
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A US government website used an AI model Alibaba allowing users to search for proposed federal rules, despite the FBI previously accusing the company of imitation of Anthropic's AI technology.
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OpenAI predicts that its cash burn will jump to $280 billion by 2030, while Anthropic continues its profitability run ahead of IPO.
Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Alibaba Group Holding Limited, Taboola.com Ltd., and Alarum Technologies Ltd. The Alibaba lawsuit alleges the company made false statements regarding its control by China's Ministry of Industry and Information Technology and engaged in unauthorized AI model distillation attacks. Stock prices declined significantly following disclosure of these issues in June 2026. Investors have until specified deadlines in October 2026 to seek lead plaintiff status.
Law firm Kirby McInerney LLP announced pending securities class action lawsuits against three companies. Alarum Technologies faces allegations that its NetNut subsidiary engaged in illegal activity linking customer devices to networks without consent, enabling cybercriminals. Following FBI and Google actions in July 2026, Alarum's stock fell significantly. Similar lawsuits are pending against Taboola and Alibaba for alleged securities fraud during their respective class periods.