Evening Scan

The tech sell-off that spooked everyone midweek lost momentum today, with traders buying the dip and rotating out of the sector. The Tesla Roadster flew, which qualifies as actual delivery on a Musk promise.

$16.8B — Anthropic's quarterly revenue, up nearly 50%, per what it's telling investors ahead of an IPO. (Simon Willison, via FT)

Connected World

The bloodletting in stocks is stanched as investors buy the dip and rotate out of tech

After two rough days driven by CoreWeave debt drama, traders bought the dip, though the rotation out of tech suggests lingering caution. (Fortune)

CoreWeave investor explains how the loss-making AI 'neocloud' provider plans to claw its way out of debt

The stock fell 15.46% Wednesday and slid another 5.62% after hours. The recovery plan needs to justify the damage. (Fortune)

Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO

A counterpoint to the CoreWeave jitters: at least one AI company is showing revenue growth, though Willison notes the FT relies on "told investors" rather than disclosed financials. (Simon Willison's Weblog)

Connected World

The Tesla Roadster flew, drove upside down, and hit 60mph in under a second

Musk promised a flying car and delivered a demo. (The Verge)