Anthropic Overtakes OpenAI in Revenue for First Time | CoinDesk Daily

Anthropic has overtaken OpenAI in revenue for the first time, a significant shift in the competitive landscape of the AI industry. Anthropic more than doubled its revenue to 11.6 billion dollars while OpenAI grew second quarter revenue by only 18 percent to 6.7 billion dollars, according to figures reported by The Wall Street Journal. OpenAI's operating loss widened to 12.3 billion dollars, and the slowdown is attributed to weaker ChatGPT growth, price cuts, and intensifying competition from cheaper Chinese AI models.

TikTok is building a peer-to-peer money transfer feature that would let users send money directly through the app's messaging system. Bloomberg discovered the relevant code hidden inside the current U.S. iPhone version of the app, though the feature is not being tested anywhere yet and remains at an early stage of development. Parent company ByteDance has been developing financial products since 2021, signaling that this move fits a longer-term strategic direction rather than being an isolated experiment. The development puts TikTok in direct competition with Elon Musk's X, which is pursuing a similar Super App vision through its X Money product.

The SEC proposed its first major crypto regulation, called Regulation Crypto Assets, stepping in after Congress has so far failed to pass a market structure law. The proposal creates two distinct fundraising paths for crypto projects. The first allows startups to raise up to 5 million dollars over four years with lighter requirements, while the second permits up to 75 million dollars per year in exchange for significantly heavier disclosure obligations. The two-track structure reflects an attempt to balance access for early-stage projects against investor protection concerns at larger fundraising scales.