Investing in any stock is kind of like gambling in the sense that you're betting your money on a company's future performance. But how do you bet on a technology that could, in the worst-case scenario, "pose catastrophic or existential risks to humanity," or best case, "bring forth an age of miracles"?

To some extent, Anthropic suggests in a letter at the top of its S-1 filing, you have to just believe.

Anthropic's 335-page S-1 prospectus, filed Monday, is part of a steady hype escalation in Silicon Valley's interactions with Wall Street. In some ways, it's not even that bizarre; SpaceX IPO'd in June after filing an S-1 that referenced din …

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Three years ago, I wrote an obituary for the smart display. The category - smart speakers with touchscreens attached - was stuck with a few underpowered gadgets from Google and Amazon that tried to do too much and did too little well. Back then, I also laid out what they needed to do to improve. This month, Apple and Amazon launched new smart displays that check nearly every box on that list.

Based on my brief hands-on time with Apple's first smart display, the $299 HomeView, and Amazon's $499.99 Echo Show 16, a ground-up rebuild of its smart display line, these could finally turn the smart display into what it should have been all along: …

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Apple's long-awaited touchscreen MacBook Pro is finally here. I got to try this MacBook that, according to the last two Apple CEOs, shouldn't exist. The most surprising thing is how normal it is.

The MacBook Pro with PROLED XDR Display (what a name) has one of the nicest screens I've seen on a laptop. The current Mini LED MacBook Pros are great, but the OLED has those even inkier blacks. It also gets super bright, with incredibly rich colors and infinite contrast. Apple calls it a "reference-caliber display," which is a very Apple-y marketing term, but it walks the walk by being the first laptop display with support for Apple CMF 2026 color …

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The Anthropic S-1 seems to have provided the financial justification for the company to spend as much as it possibly can on compute. If you are the kind of person who wonders if Anthropic is doing its level best to build a machine god while convincing Wall Street it's in the business of selling IT contracts, Anthropic has just offered a handy solution: Doing a bunch of things that look like you're trying to build the machine god is the only way to avoid going bankrupt.

Forget about the machine god for a minute. At least in my read of the S-1, it seems like Anthropic is pinning the future of its company to dramatic growth; it has to, in orde …

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When attorneys general from across the US announced a $17 billion settlement with Meta this summer, the sum was unprecedented. But a ruling last week by a New Mexico judge blew that number out of the water. The judge ordered Meta to pay $25 billion to resolve claims that Meta misled users around the 2018 Cambridge Analytica scandal and related incidents. Similar claims were resolved by the settlement with most other states. The outcome raised an obvious question: Should these states have asked for more?

The answer depends on a mix of factors, including whether the $25 billion order stands up to Meta's legal challenges. Meta's chief legal of …

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Oh sure, SpaceX's credit risk is pretty high because it's about to borrow another $40 billion to spend on Nvidia chips, but who cares about that? SpaceX and Tesla have formed special committees to discuss a merger!

The degree to which you find this merger compelling likely has to do with the degree to which you believe Elon Musk about wanting to go to Mars, or "spread the light of consciousness," as he put it in this week's SpaceX earnings call (and earlier S-1). Now, a reasonably informed person knows that we don't have the technology - or, frankly, even the raw information to build the technology - in order to support human life in space. …

Read the full story at The Verge.