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The Final Private Push: Anthropic Secures $65 BillionAnthropic has closed a monumental Series H funding round, raising $65 billion at a $965 billion post-money valuation. This capital injection represents the startup's largest private fundraising effort to date and signals that the company is likely in its final pre-IPO stage. The round brings the company's total capital raised to a staggering level, positioning it as a heavyweight contender in the generative AI sector just as public markets begin to open up to high-growth technology companies.The Infrastructure and Investor EcosystemThe funding round was co-led by a consortium of elite institutional investors, including Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Notably, the round saw participation from major infrastructure partners such as Samsung, SK Hynix, and Micron, highlighting the critical role hardware manufacturers are playing in the AI supply chain.Strategic Backing: Hyperscalers committed $15 billion, including a significant $5 billion from Amazon.Investor Demand: The round was highly competitive, with one institutional investor reportedly pledging up to $5 billion just to secure a meeting with the CFO.Use of Funds: Proceeds will be directed toward advancing safety research, expanding compute infrastructure, and scaling enterprise products.Valuation Wars and Revenue TrajectoryThis funding round places Anthropic at the epicenter of a fierce valuation war in the AI industry. The company's massive valuation comes as it reports a $47 billion revenue run rate and expects a 130% revenue surge to achieve its first operating profit. This financial performance contrasts sharply with the broader tech sector, illustrating the intense demand for high-performance AI models.Competitive Landscape: Anthropic's valuation rivals OpenAI, which raised $122 billion in March at an $852 billion valuation.Market Positioning: The company is reportedly preparing to launch models comparable to its powerful cybersecurity model, Mythos, which has been limited due to safety concerns.The Strategic Shift Toward Enterprise SafetyThe inclusion of infrastructure partners like Samsung and SK Hynix suggests a strategic pivot toward vertical integration. By securing hardware support, Anthropic ensures a stable supply chain for the compute-intensive models it is developing, such as the newly released Claude Opus 4.8. This model emphasizes agentic tasks, advanced coding, and self-correction capabilities, addressing a critical need for enterprises seeking reliable and safe AI solutions.The IPO Countdown and Market DominanceWith this massive capital raise and the release of advanced models, Anthropic is poised to lead the next phase of AI innovation. The company's ability to attract top-tier institutional investors and secure hardware partnerships positions it uniquely ahead of its IPO. As the race for AI dominance heats up, Anthropic's valuation and growth trajectory suggest it will be a key player in shaping the future of the public AI market.

The EU's Strategic Pivot on ChinaEU commissioners are convening this Friday for high-stakes talks aimed at imposing new restrictions on imports from China. The meeting is driven by growing concern that Beijing's industrial overproduction is fueling conditions for US-style rust belt towns across Europe, effectively creating a 'China Shock 2.0' that mirrors the economic disruption seen in the US a quarter-century ago. Addressing 'China Shock 2.0'The scope of the crisis is unprecedented, with commissioners from all 27 member states reviewing portfolios ranging from trade and agriculture to defense, health, and digital initiatives. While no final decisions are expected on Friday, the gathering serves as a critical alignment exercise to address the systemic overproduction in China that is flooding the European market. The Economics of ProtectionismThe core issue driving these talks is the severe price disparity between local and imported goods. Sources indicate that Chinese imports are entering the EU at a cost sometimes up to 40% cheaper than locally produced alternatives. This price gap is forcing EU factories to cannibalize their own domestic market, a trend industry leaders warned earlier this month would undermine European manufacturing. Defensive Measures and Future LegislationTo counter this economic pressure, the EU is exploring a range of protective tools. Experts suggest that quotas and tariff rate quotas could be introduced as faster alternatives to traditional tariffs, specifically targeting sectors like hybrid cars and chemical components. Additionally, the EU is considering utilizing its never-before-used anti-coercion instrument and legislation such as the cybersecurity act 2.0 to block the procurement of specific Chinese products. A Calculated Response to BeijingLooking ahead, the EU faces a delicate balancing act. While experts like Ignacio García Bercero argue the bloc must show it is prepared to act tough, they also emphasize the necessity of maintaining engagement with China to ensure mutual respect. With China viewing market access to the EU as existential, analysts predict Beijing will fight back hard against any restrictions, potentially leading to retaliatory measures that the EU must be prepared to weather.

The Impeachment Inquiry South Africa’s parliament is set to launch an impeachment inquiry into President Cyril Ramaphosa over the “Farmgate” scandal, marking a new phase in a political crisis that continues to shadow his presidency. The Background of the Scandal The “Farmgate” scandal centres on the theft of large sums of cash hidden inside furniture at Ramaphosa's private farm in 2020. The case has raised persistent questions over the origin of the money and why it was concealed. The Investigation Process The Democratic Alliance (DA) party said on Thursday that the committee tasked with examining the allegations will hold its first meeting on Monday, following a ruling by the Constitutional Court, which revived the process. The 31-member committee will begin by electing a chairperson. The Political Implications Ramaphosa has denied wrongdoing in the scandal and has responded by challenging the process in court. He filed a legal application against an independent panel report that found preliminary evidence of misconduct, a move that could delay the inquiry. The ANC, which holds about 40 percent of seats in the National Assembly, has publicly backed Ramaphosa and retains enough support to block any impeachment vote, which requires a two-thirds majority. The Future Outlook The DA, the second-largest party in South Africa’s coalition government with the ANC, has maintained pressure on the president and said it will hold him accountable if wrongdoing is confirmed. The party controls only nine of the 31 seats on the committee, leaving room for opposition parties to shape the investigation’s direction as it begins its work.

The Final Days of Early Bird Pricing Time is running out to secure discounted tickets to TechCrunch Disrupt 2026. Early Bird pricing ends tomorrow, May 29, at 11:59 p.m. PT. After that, prices for the highly anticipated tech conference will increase. Unlock Savings of Up to $410 By registering now, you can lock in savings of up to $410 on your pass or up to 30% on group passes of 4+. Why Attend TechCrunch Disrupt 2026? TechCrunch Disrupt 2026, taking place from October 13–15 at San Francisco’s Moscone West, is a premier event for startups, investors, and tech enthusiasts. Here’s what you’ll gain by attending: Founder Pass: Accelerate growth with the right insights, tools, and connections. Meet investors aligned with your startup. Investor Pass: Discover standout startups and expand your portfolio with curated access. Use matchmaking tools to make every conversation count. Don’t Miss Out The window to the lowest ticket rates of the year is closing at 11:59 p.m. PT tomorrow, May 29. Register now to secure your ticket with up to a $410 discount.

The LeadUnited States President Donald Trump has threatened longtime ally Oman with military force if it gets involved in the dispute over shipping access to the Strait of Hormuz, as Washington's war on Iran once again risks engulfing the Middle East. Trump's threat to "blow up" Oman came as Muscat reportedly held talks with Iran about overseeing passage through the strategic waterway that handles more than 20 percent of the world's global oil traffic.Trump's Unprecedented Threat Against a Key Ally"Nobody is going to control it," Trump said of the strait during a cabinet meeting in Washington. "It's international waters, and Oman will behave just like everybody else, or we will have to blow them up." This direct threat against a country with which Washington has had relations for more than 200 years has sent shockwaves across the region and drawn international criticism.While Hormuz is an international strait, most of it is located solely in Iranian and Omani territorial waters – not international waters – with parts of its outlying areas reaching United Arab Emirates (UAE) territorial waters. This geographical reality complicates Trump's assertion that the waterway is purely international.The Strategic Importance of the Strait of HormuzAs the only route for Gulf oil producers to ship exports to the open ocean, the strait has served as a free international maritime route for decades. Following the US-Israeli joint attacks on Iran on February 28, however, Tehran closed the waterway and began to assert sovereignty over it, including charging tolls of as much as $2m per ship at times.Under international maritime law, countries are not permitted to charge tolls to shipping passing through natural straits such as Hormuz, even where they are not in international waters. Countries can, however, provide services to shippers, such as insurance, maintenance and docking assistance.Regional Implications of Trump's ThreatShortly before Trump's comment, Iran's state television reported that Iran and the United States were close to agreeing on a memorandum of understanding (MOU) under which Tehran and Muscat would jointly control the strait. The proposal designates payments for passing vessels, framed as "fees for services" rather than "tolls."While the Trump administration has called the claims of such an MoU "a complete fabrication," analysts say his threat suggests that an understanding between Iran and Oman is precisely what the US president is trying to avoid."What Washington wants to prevent is the normalisation of Iranian control over Hormuz, dressed in administrative and legal clothing and given Arab cover by a US ally," Muhanad Seloom, non-resident senior fellow at the Middle East Council on Global Affairs, told Al Jazeera.International Reaction and Legal ConcernsCritics called the threat reckless. Raed Jarrar, the advocacy director at the US-based rights group DAWN, likened the US president's comments to those of a "mafia boss.""The UN Charter prohibits the threat of force against any state, and that prohibition binds the United States exactly as it binds everyone else," Jarrar told Al Jazeera. "Threatening to 'blow up' an Arab country because its waters happen to sit along an oil route Washington wants reopened is the same lawless logic that produced this war in February."Samir Puri, a visiting lecturer in war studies at King's College in London, said Trump's threat to Oman was "really surprising" and warned that it would "send shockwaves across the region."Oman's Diplomatic Role in the US-Iran ConflictOman has played a unique role in the region as a mediator between the US and Iran. Omani Foreign Minister Badr Albusaidi was a key mediator in US-Iran nuclear talks before the war on Iran began. Just before the US-Israeli joint attack on Tehran in February, Albusaidi had been meeting US officials, including Vice President JD Vance, to facilitate negotiations about the future of Tehran's nuclear programme.Unlike other US allies in the Gulf, such as Qatar, Bahrain and the UAE, Oman does not host US forces. It was nevertheless dragged into the conflict when Iran launched attacks on US military assets and energy infrastructure across the Gulf region in the early days of the war.Future Outlook for the RegionSeloom, from the Middle East Council on Global Affairs, said Oman is "one Gulf state that is simultaneously a US security partner and Iran's most trusted Arab interlocutor.""In peacetime, that ambiguity is an asset. In wartime, it becomes a liability, which is precisely the inversion now playing out," he told Al Jazeera.The analyst argued that joint Iran-Oman control over Hormuz was "more posture than probability." "Oman's real interest is not co-owning Iran's blockade; it is brokering the strait's reopening," he said.Still, according to Seloom, the prospect of Iran and Oman jointly shaping the future of the Strait of Hormuz alarms the US president for three reasons: "It would turn Iran's grip on the chokepoint into a permanent post-war fact rather than a temporary act of war; it would set a precedent that littoral states can metre and monetise an international waterway, eroding the freedom-of-navigation principle the United States underwrites worldwide; and it would hand Tehran a strategic win that outlasts any ceasefire."

The Burberry CEO's New Bonus Scheme Burberry's CEO, Joshua Schulman, could earn up to £12.2m this year under a new bonus scheme introduced by the luxury British brand. Schulman, who was hired in July 2024 to help revive Burberry, was paid £4m in the year to March, up from £2.5m for his first nine months in the job. Details of the Bonus Scheme Schulman's basic pay will increase by 3% to £1.24m from July. He could earn a new long-term share bonus worth up to 300% of salary if he meets performance targets. The targets include increasing Burberry's annual revenues to £3.1bn by 2029. Financial Performance Burberry made pre-tax profits of £49m in the year to 28 March, compared with a loss of £66m in the previous 12 months. Sales were flat year on year at £2.4bn, once the effect of exchange rates was taken into account. Impact on Executive Pay The pay package of Kate Ferry, the finance director of Burberry, more than doubled to £2.5m, up from £904,000 the previous year. Ferry could earn £5.6m this year if she hits all targets and Burberry's share price increases by 50%. Future Outlook The new bonus scheme aims to incentivize Schulman to meet performance targets and retain him by improving his pay position relative to those who head the brand's luxury peers. The scheme is intended to be "reasonable" and subject to "the delivery of stretching performance targets".

The Lead: Iran's World Cup Visa DilemmaIran's football federation has demanded multiple-entry US visas for its World Cup squad, which will play matches across the United States. The team has relocated its base camp from the US to Mexico due to ongoing visa complications and heightened geopolitical tensions between the two nations.The Event Details: Visa Requirements and Base Camp RelocationFFIRI president Mehdi Taj stated that the US should issue multiple-entry visas for all players and support staff, as they would need to leave and re-enter the US multiple times during the tournament. The Iranian squad has not yet been issued US visas, with several members attending visa appointments in Turkiye where they have been training.The team has also applied for Canadian visas as a contingency plan in case they proceed to the knockout stages, which are allocated to venues in Canada. This preparation comes amid the ongoing regional conflict between the US and Iran that began in February.FIFA confirmed on Monday that Iran's World Cup training base camp had been relocated from the US to Mexico upon the team's request. Iran had originally selected a sports complex in Tucson, Arizona, but later sought a change. The team is now allocated Centro Xoloitzcuintle in Tijuana, Mexico, which is directly across the US-Mexico border from San Diego.The Impact Analysis: Geopolitics Meets International SportsThe visa complications highlight the intersection of sports and international relations. The US and Iran have been engaged in a regional conflict since February, with recent attacks occurring just days before the World Cup is set to begin. Despite a ceasefire being in place, the US carried out strikes on Iranian military sites, prompting the Islamic Revolutionary Guard Corps to launch an attack on what they described as an "American airbase" in the region.The relocation of Iran's base camp to Mexico demonstrates how geopolitical tensions can impact international sporting events. The proximity of Tijuana to the US border is expected to help with visa issues when the team needs to enter the country for their matches.The Prediction: Navigating World Cup Amid Regional TensionsAs the World Cup approaches, Iran's ability to participate fully will depend on the resolution of these visa issues. The team's preparation has been complicated by the need to apply for multiple visas and relocate their base camp at short notice. The situation underscores the challenges of hosting international sporting events in regions with geopolitical tensions.The World Cup, co-hosted by the US, Canada, and Mexico, runs from June 11 through July 19. Iran will open their campaign on June 15 against New Zealand in Los Angeles, face Belgium six days later, and conclude their Group G games against Egypt in Seattle on June 21.

Universal €1 Meal Initiative Expands Across French UniversitiesIn response to a survey showing that nearly half of France’s 3 million higher‑education students skip meals, the government announced this month that the previously means‑tested €1 meal will be available to every student.Government Extends €1 Meal to All Higher‑Education StudentsThe policy, previously limited to scholarship recipients, now covers all students at the 950 CNOUS‑run restaurants and cafeterias, including university sites such as Université Paris Dauphine and the Sorbonne’s Mabillon campus.Meal price: €1 for a three‑course balanced plate (starter, main, dessert).Optional extras: €0.55 per additional dish, coffee €0.60.Capacity: up to 2,400 students per sitting at Dauphine.Cost Implications: €120 million Funding and Pricing StructureThe state has earmarked €120 million for the programme in the next fiscal year, covering subsidies for the €1 price point while the regular tariff remains €3.30.Social and Health Impact on French Student PopulationOfficials argue the measure tackles food insecurity, public‑health concerns such as obesity, and promotes social cohesion by having all students share the same balanced meals.Student unions reported a rise in meal‑skipping from 45 % to 50 % before the policy.Positive feedback from students like Farid Rouba (chef) and Jérémy Reyes highlights satisfaction with quality and variety.Future Outlook: Sustainability and Potential AdjustmentsWhile the programme enjoys broad support, some students question the allocation of funds, suggesting resources could be redirected to cheaper accommodation. CNOUS plans to hire 200 extra staff and upgrade equipment to meet rising demand, but long‑term viability will depend on budgetary pressures and continued political backing.

Day Five of the French Open 2026The fifth day of the French Open 2026 promises to be exciting, with several top players taking to the court. The day begins with a match between Naomi Osaka and Donna Vekic, while Iva Jovic meets Emma Navarro.Key MatchesJannik Sinner takes on Juan Manuel CerúndoloNaomi Osaka faces Donna VekicAryna Sabalenka and Coco Gauff are also in actionPlayer HighlightsMoise Kouame, the 17-year-old local boy who stunned Marin Cilic in round one, looks to continue his impressive run against Adolfo Daniel Vallejo. Other players in action include Amanda Anisimova, Madison Keys, and Felix Auger-Aliassime.