Anthropic warns of AI disaster (again), as it is being sued by Elvis Presley’s estate

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Anthropic warned that artificial intelligence could pose “catastrophic or existential risks to humanity” as it unveiled details of its planned blockbuster stock market listing in the US. The company behind AI chatbot Claude revealed losses of more than $80.7bn (£60.5bn) in the first half of the year, but said it had $112.4bn in cash or equivalents, and generated revenue of $16.3bn over the same period. The number of shares to be released, their price range, and a date for the listing were not disclosed. Anthropic’s valuation when it goes public has exceeded expectations that of SpaceX, which this summer was the largest stock ever at an initial valuation of around $1.8 trillion. BBC

The owners of Elvis Presley’s music catalog are suing artificial intelligence (AI) company Anthropic for allegedly using Presley’s songs to train their models without permission. Authentic Brands Group, the licensing organization that owns Presley’s music, is accusing Anthropic of infringing the rights to 274 of Presley’s songs. The lawsuit, first reported by Billboard, was filed on Friday. The Guardian

Meta raises $95 billion to fund its AI push even as Elon Musk warned that hundreds of data center start-ups face collapse due to a cash crunch. Mark Zuckerberg’s tech giant, which owns Facebook, Instagram and WhatsApp, is raising the money to bankroll the infrastructure and computing capacity needed for its push into AI, which it has said will create “significant opportunities” for business. It marks one of the largest stock offerings ever and follows Google’s parent company Alphabet, which raised $90 billion in June to fund its own AI expansion. Telegraph

Viewers have described Elon Musk’s AI-generated adaptation of Homer’s The Odyssey as “pure trash” after Grok Imagine published its first seven-minute episode, three months after the billionaire promised a full-length film that would be “historically accurate and true to the art of Homer”. The seven-minute episode of the Grok Imagine project released on X, formerly Twitter, was stated as a “creative collaboration” with Wonder Studios and director Dev Walker, both of whom specialize in AI filmmaking. Independent

Apple has planned a product showcase in Los Angeles for October 28, where it is expected to reveal her first MacBook Pro with a touchscreen. The redesigned laptop reportedly features an OLED display, a slimmer and lighter body, and a dynamic Iceland-style cutout. Apple is also preparing an updated iMac with a new M6 chip and additional color options, according to Bloomberg’s Mark Gurman. A touchscreen MacBook Pro would mark a significant shift for Apple, which has never equipped its Mac laptops with touchscreens, reserving touch input for devices like the iPad. Notebook Check

The cyber attack that crippled operations at Jaguar Land Rover (JLR) last year was sponsored by the state, a former defense minister has admitted. Al Carns’ comments are the first acknowledgment by a government figure that a hostile foreign power supported the attack in August last year. The hack at JLR is estimated to have cost as much as £2.1 billion, making it the most expensive in British history. It forced the company to halt production and put 200,000 jobs in doubt as the car giant was unable to resume much of its operations until five weeks later. Telegraph

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