The Financial Times is a British business and financial newspaper whose reporting is frequently cited by other outlets as a source. Its recent AI coverage includes OpenAI's projection of $278 billion in negative free cash flow from 2026 to 2030; Anthropic's BB+ rating from Kroll Bond Rating and its expected adjusted operating profit this quarter; Nvidia's early-stage talks to acquire or invest in Reflection AI; SoftBank's effort to raise up to $100 billion from Gulf investors for AI; and Argentine President Javier Milei's argument, made in the FT, that AI should stay unregulated.
Milei pushes unregulated AI and legal status for nonhuman firmsArgentine President Javier Milei argued in the Financial Times that AI should stay unregulated, part of a push to attract AI firms to Argentina. A week earlier he introduced a bill with three pillars: no AI regulation, a new legal category for nonhuman firms run by AI agents or robots, and low corporate taxes. The Senate has held hearings but not advanced it.
Anthropic rated BB+, on track for investment gradeKroll Bond Rating gave Anthropic a BB+ rating in June, the highest junk grade, putting the Claude maker on track for investment grade, the FT reported. The rating preceded $35B in financing from Apollo. Anthropic is expected to pursue an IPO that could value it at $1.5T or more.
AI agents may reshape US bank depositsReuters estimates that if AI steers $3.8 trillion in US savings across roughly 500 banks into 4% products, banks would pay $70.9 billion more in interest—enough to wipe out the net income of 32 banks. The FT sees up to $500 billion at risk, while agents like Meta's Muse and OpenAI's Dots already move users' money.
Nvidia in talks to acquire or invest in Reflection AINvidia is in early-stage talks to acquire or further invest in open-weight model startup Reflection AI, according to the Financial Times. The deal is not yet certain.
SoftBank Seeks $100B From Gulf Investors for AISoftBank Group seeks to raise up to $100 billion from Gulf investors to boost its AI bets, the Financial Times reported. Founder Masayoshi Son has held initial talks with investors including in the UAE; the proposed fund would buy companies and use AI and robotics to improve operations.
Amazon Seeks to Move $8 Billion of Chips Off BooksAmazon is exploring a deal to shift about $8 billion of Nvidia's top-end chips off its balance sheet, according to the Financial Times. The structure, which could involve chip financing or leasing arrangements, was not disclosed.
Anthropic Weighs New AI Model Ahead of IPOReuters reports that Anthropic is weighing launching a new AI model before its IPO to counter OpenAI's GPT-6 Astra momentum. Annualized revenue hit $65B in July, with backers expecting over $120B by year-end, yet IPO valuation estimates range widely from $1.5T to $4T.
OpenAI sees burning through $278 billion by 2030Citing a company presentation, the Financial Times reported that OpenAI expects negative free cash flow of $278 billion from 2026 through the end of 2030, underscoring the funding pressure from its large-scale infrastructure spending.
FT: Anthropic Expects Adjusted Operating ProfitThe Financial Times reported Anthropic told a small group of shareholders it expects to report an adjusted operating profit this quarter, marking a second consecutive profitable period as the company prepares to go public.
The A.I. Daily