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Anthropic Tops $965B, Perplexity's Legal Siege & Nvidia's China Loophole Closed
Audio is available on Spreaker — see link below.
Anthropic's $65B Series H pushes its valuation past OpenAI while nine publishers escalate copyright suits against Perplexity — AI's biggest legal and financial fault lines cracked open in a single news cycle. Plus: US closes the Nvidia chip loophole, China's AI giants raise prices, and OpenAI publishes its EU compliance framework.
Audio is available on Spreaker — see link below.
Nine publishers are now suing Perplexity for copyright infringement. CNN's fifty-four-page complaint, filed May twenty-eighth, joins suits from the New York Times, News Corp, the Washington Post, Tribune, Britannica, Merriam-Webster, Reddit, and Japan's Yomiuri Shimbun.
Meanwhile, the AI valuation race just flipped. Anthropic closed a sixty-five billion dollar Series H round, pushing its post-money valuation to nine hundred sixty-five billion dollars.
OpenAI published its Frontier Governance Framework on May twenty-eighth, explicitly aligning its internal Preparedness Framework with the EU AI Act Code of Practice. The EU's enforcement deadline for transparency and disclosure requirements on general-purpose AI models is August second, which is sixty-three days away.
The Commerce Department issued guidance on May twenty-sixth enforcing license requirements for advanced Nvidia chip shipments to China-headquartered entities operating outside China. The loophole being closed had reportedly been exploited for approximately a year, with estimates suggesting hundreds of thousands of chips may have reached Chinese firms' overseas subsidiaries before enforcement tightened.
On the cost side, China's AI pricing story has shifted. Alibaba, Baidu, and Tencent have all raised AI service prices since late March.
Anthropic is also moving aggressively on infrastructure. The company has signed agreements for five gigawatts of additional Amazon capacity, five gigawatts of Google and Broadcom TPU capacity, and GPU access through SpaceX's Colossus facility.
The near-term watchpoints are specific. The EU enforcement clock hits August second.
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