Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters.

But the cost to get there will be staggering. Anthropic reported a net loss of $42 billion in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming years, according to the prospectus.

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A federal judge ruled Monday that FEMA can’t withhold anti-terrorism funds from local communities that refuse to change their election laws.

D.C. District Court Judge Amir H. Ali ruled the Department of Homeland Security couldn’t withhold 20% of counterterrorism grants for local communities that didn’t comply with certain election requirements.

“The statute does not authorize FEMA to withhold counterterrorism grants until states and high-risk urban areas achieve policy objectives on their own dime,” Ali wrote in his ruling.

FEMA announced in June that it would penalize communities that didn’t comply with specific conditions, including comparing voter rolls to a federal citizenship database and manually auditing at least 5% of all ballots.

A maritime expert planned to visit a Nantucket beach Monday to inspect weathered wooden beams exposed by the weekend’s powerful nor’easter, possibly the remnants of a 19th-century shipwreck buried beneath the island’s southern shore.

The Egan Maritime Institute said its exhibits and collections manager would survey the site and send a report to state underwater archaeologists, who then will work with the institute to determine which vessel the wreckage came from.

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OpenAI reportedly made the rare decision to scrap the release of its new AI model GPT-6.1 Astra, citing safety concerns during internal testing.

Saachi Jain, the company’s head of safety systems, told The Wall Street Journal that the model performed poorly in how well it adhered to what humans wanted it to do. GPT-6.1 Astra would also sometimes move forward with a task without asking a user for permission.

As a result, the company will no longer release the model as planned in October. Instead, it will reportedly focus on improving the safety of future models.

The move was reported on the same day OpenAI’s president joined at least two other executives in a meeting with President Donald Trump over AI developments. OpenAI recently joined Anthropic in calling for a slowdown in AI’s rapid progress, warning that models could soon outpace human understanding.

Read more from the Journal:

President Donald Trump offered to provide sanctions relief and release frozen assets to Iran if the Islamic Republic agreed to concrete concessions with respect to its nuclear program, U.S. officials told Axios in a report published Monday.

The report was published as Qatari and Pakistani mediators work with Iran and the U.S. to broker another deal to end the war and open the Strait of Hormuz. A U.S. official told Axios that Iran “has indicated they are flexible on the nuclear issue,” but that there won’t be a deal “unless the nuclear issues are addressed.”

Trump rejected Axios’ story on Truth Social, saying he offered Iran “NOTHING!”

“Axios’ story, like most others, is a HOAX, used only for purposes of satisfying their Trump Derangement Syndrome,” he wrote on Monday evening. “They should withdraw this fake story, IMMEDIATELY!”

Trump publicly rejected an Iranian proposal to reopen the strait within seven days if the U.S. agreed to lift its blockade and provide economic relief. On Sunday, Mike Waltz, the U.S. ambassador to the UN, said that the White House does not have confidence in Iran’s promises.

A big development company has proposed paying $10,000 to each household in a rural Pennsylvania town if the residents allow it to build a new data center, according to The Wall Street Journal.

NorthPoint Development said the checks would go to 4,500 households in Hazle Township, near where the firm wants to build a data center on 1,300 acres in the Pocono foothills. While some developers have offered to invest in a community as part of building a data center – which NorthPoint has also reportedly touted – the idea of paying off all residents appears to be new.

Although median income in the town is about $60,000, the Journal reported that many residents still oppose the data center.

“$10,000 doesn’t match how much it’s going to tank my property value,” resident Jeff Fasnacht told the outlet. Other concerns include noise pollution and a distrust of AI and government representatives.

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Veteran Republican operative Karl Rove said over the weekend that he believes his party is being taken over by Nazis, and went after Republican Texas Attorney General Ken Paxton, who faces a tight Senate race after President Donald Trump backed him over longtime Sen. John Cornyn.

Speaking during an interview at the Texas Tribune Festival, the Bush-era strategist doubled down on his sharp criticism of Bo French, a Republican running for Texas Railroad Commissioner. French faced swift backlash after publishing a racist social media post about South Asian students at a University of Texas football game.

“My party is being infiltrated by people like Bo French. Nick Fuentes goes to Dallas and meets with a bunch of Republican leaders. This guy is a Nazi,” Rove, who claims he’ll vote for “bigoted” French’s Democratic opponent, said. The strategist received the president’s ire in response.

During the festival in Austin, Rove also said that Paxton is struggling in his expensive race against Democrat James Talarico because of the attorney general’s multiple scandals. The race would handily go to Republicans if the party had chosen Cornyn as its nominee, Rove said.

“In the last 48 hours, [Sen.] Ted Cruz has reached out to me and says, ‘We’re losing.’ Ken Paxton has sent me several emails saying, ‘I’m losing, I need your help,’” Rove said. “Even the Republicans are admitting that they’re behind.”

President Donald Trump’s second administration is creating a whole new family separation crisis by increasingly deporting immigrant parents without their children, according to a lengthy report published Monday by The Atlantic.

The outlet reports that the current situation differs from Trump’s first administration, in which immigration agents would take children from their parents while crossing the border. That campaign was part of an official “zero tolerance” policy that, according to The Atlantic, some lower-level career bureaucrats would try to defy by working to prevent separations and reunite families under court orders.

Now, Immigration and Customs Enforcement separates families already living in the U.S., not under a particular policy but instead as part of a secretive pattern meant to hit a quota. Civil servants not deemed loyal enough to Trump are fired. The result is tens of thousands of children moving around among temporary caregivers, foster families and sometimes dangerous adults, the outlet said.

As of April, the Brookings Institution reports about 205,000 children affected by parental immigration enforcement, 71% of whom are U.S. citizens. Out of that number, researchers believe that more than 35,000 cases involve a child being left with no parent at all. Since that analysis, ICE arrests have increased to a record 49,000 people in July alone.

The Atlantic’s piece comes on the same day as a report by The Guardian laying out how ICE arrests have reached new levels but are being done more quietly to avoid the public backlash that came with last year’s major militarized operations.

Read more from The Atlantic:

Scientists are warning of an ocean phenomenon so severe it could raise sea levels along California by up to a foot, The Guardian reported Monday, with El Niño exacerbating the threat of upcoming storm surges and flooding in the Pacific.

El Niño develops every few years when ocean temperatures rise to abnormally warm levels, shifting rainfall and storm patterns primarily in the Pacific. This year’s El Niño is expected to be the largest in at least a thousand years, scientists told the outlet.

The development of El Niño threatens to bring with it the Kelvin wave, a planetary-scale phenomenon spanning thousands of miles. The wave is created when trade winds that usually blow toward Asia either die down or reverse back to the Americas during El Niño years, bringing a slow-moving surge of warm water.

“It’s a wave unlike the ones you’re used to at the beach. They don’t crash, you can’t really see them come by,” Southwest Fisheries Science Center oceanographer Mike Jacox told the outlet. “This winter, we’re supposed to have some really high tides around Thanksgiving and Christmas. If you also have more storms, then you have storm surge. It’s just like you’re raising the floor on all that stuff that happens.”

Read more from The Guardian:

Texas Republican Attorney General Ken Paxton said Monday that undecided voters in his Senate race should focus on each candidate’s record above all else – except his own record includes three felony indictments and being impeached by his own party.

“Don’t listen to the rhetoric, look at the record,” Paxton advised fence-sitters in his Senate race against Democratic state Rep. James Talarico, during an event hosted by the U.S. Hispanic Business Council.

“It’s people’s behavior that you need to look at and say, ‘Are they for real?’” Paxton said.

It was a strange response by the state’s attorney general, whose record is so problematic that he’s turned a reliably safe GOP Senate seat into a potential Democratic pickup in this deep red state.

Paxton was indicted on three felony charges in 2015, and cut a deal to avoid going to trial. He was also impeached by his own party in 2023 on 20 charges, ranging from bribery to corruption to obstruction of justice. Additionally, he lost a $6.6 million legal battle in 2025 brought by former staff who reported him to the FBI for corruption, and who Paxton fired or pushed out of their jobs for doing so.

That Paxton is the GOP nominee for this seat at all is the result of President Donald Trump endorsing him over the incumbent, Sen. John Cornyn (R-Texas), who had comfortably won reelection for decades. Trump felt Cornyn wasn’t loyal enough to him, so he backed Paxton, even as Senate Republican leaders begged the president not to do so.

Talarico, a Presbyterian seminarian and educator, has been narrowly leading Paxton in the polls for months. The GOP has already had to spend at least $100 million in ads to try to save Paxton – exponentially more than they would have spent on Cornyn – and the nonpartisan Cook Political Report shifted its rating for this race to a “toss-up.”

President Donald Trump said Monday that he was surprised UK police released on bail five suspects who were arrested under counterterrorism laws near an air base in England used by the U.S. military.

“I’m surprised that they released them, I wouldn’t have done that,” the president said during a press conference at the White House. “Look, they’ve been very good, they’ve worked with us very closely. We know everything about [the suspects]. We would not have released them.”

The five British nationals were released Monday, one day after their arrest outside the RAF Fairford air base that’s been used by American bombers during decades of conflicts in the Middle East, including the current war with Iran. The men were detained on terror and explosives charges after three vans were spotted by the base.

Investigators haven’t concluded whether the incident was state-backed, but are looking into possible links to Iran, Russia or non-state militant groups. Trump said Monday that Iran “might be” connected to the incident, but that he’d “rather not” go into more detail.

The 2 p.m. ET announcement President Donald Trump teased on his schedule today is a plan to build a $15 billion steel mill in Iowa, run by a Minnesota company that is owned by the India-based Essar Group. The plant could open by 2030.

The races for Iowa’s governorship and an open seat in the U.S. Senate have been surprisingly competitive, although the Republican candidates are distancing themselves from an increasingly unpopular Trump.

Multiple reports confirm that Monday’s lunch meeting on artificial intelligence at the White House will be attended by top executives including OpenAI President Greg Brockman, Meta CEO Mark Zuckerberg and Anthropic CEO Dario Amodei.

The executives are expected to meet with President Donald Trump and House Speaker Mike Johnson (R-La.), according to Politico. The president confirmed over the weekend that he was also having dinner with Amodei on Sunday night.

Leaders from multiple AI companies, including Amodei, have warned about the risks that come with the rapid progression of AI models, calling for industry regulation so that AI development does not outpace human understanding. Trump has maintained his position that AI does not need regulation, citing global competition, while Johnson has refused to push oversight efforts in Congress.

Former Missouri Attorney General Andrew Bailey announced on Monday that “with great pride” he is resigning from his post as the FBI’s co-deputy director, just over a year after taking the job.

The Trump ally helped oversee the FBI’s election-related investigations, including the agency’s controversial raid earlier this year at the election headquarters of Fulton County, Georgia. He said he was leaving to return to his family in Missouri.

“I am confident Director [Kash] Patel will continue to reform the FBI, combat violent crime, defend the homeland, ensure strong organizational accountability and restore public trust in this institution of excellence,” Bailey wrote on social media.

According to MS NOW, Bailey was frustrated about the recent demotion of two senior counterterrorism agents over their reported handling of an investigation into harassing phone calls to White House adviser Stephen Miller’s wife.

Prosecutors in New York have reopened an investigation into an alleged 2024 gang rape at a Cornell University fraternity house after a civil lawsuit was filed by the alleged victim earlier this month.

Tompkins County District Attorney Matthew Van Houten confirmed in a statement Monday that his office is reviewing potential criminal charges after a former Cornell student accused seven former and current Chi Phi fraternity members of drugging, assaulting and gang raping her.

Van Houten said his office previously investigated the incident based on statements the woman gave to police two years ago. At the time, she did not allege having been drugged or gang raped, he said, and “the evidence did not support the filing of criminal charges.”

With the changes today brought in her lawsuit, he said that “it can take years of therapy and healing for victims of sexual assaults to fully process and understand what happened to them.”

“To be clear, the credibility of the woman, who described the facts in excruciating detail, was never in question,” his office said, while sharing that his office has reached out to the woman and her attorneys and that the case will be prosecuted “once we determine the appropriate charges.”

Five young British men arrested on explosives and terror charges near a U.S.-operated air force base in England were released on bail on Monday, and counterterror detectives said they were investigating “multiple lines of inquiry,” including whether there is a link to Iran.

The men were detained early Sunday after three vans were spotted near RAF Fairford, a U.K.-owned base that has been used by American bombers during decades of conflicts in the Middle East.

Investigators haven’t concluded whether the incident was state-backed. They are investigating a possible link to Iran, Russia or non-state-backed militant groups. RAF Fairford has also been the focus of protests by anti-war campaigners.

Read more from The Associated Press:

A teacher has been seriously injured and remains in critical condition after a 13-year-old middle school student allegedly shot him, New Mexico police said Sunday in a news conference.

On Friday morning, at Highland Middle School in Hobbs, New Mexico, the 13-year-old student shot the teacher outside the school and then fled on foot. After a foot pursuit, the student was taken into custody. He has been charged with aggravated assault on school personnel, among other things.

Both a semi-automatic handgun and a large knife were recovered at the scene.

Hobbs Police Chief James Jones called it a “tragic and violent act that has deeply affected our community.”

A California-born scientist has emerged as a possible suspect in the infamous 1982 Tylenol murders, which touched off a national panic over the drugstore painkiller brand after investigators linked several deaths to contaminated Tylenol.

Only one man was convicted in connection to the case — for extorting manufacturer Johnson & Johnson — but he maintained that he did not tamper with any pills.

The new suspect was found dead under mysterious circumstances in an Idaho church just a handful of months after the killings, with his identity only uncovered by investigators in recent days.

Read more at SFGate:

Top artificial intelligence researchers are warning that automating their work is progressing at a rate that could outpace humans’ ability to understand it, demanding policymakers urgently implement more oversight on their self-improving systems.

In a paper published Monday, researchers at OpenAI, Anthropic, Meta Platforms and Microsoft warned that automated AI research could trigger what they called an “intelligence explosion.” AI systems are on track to automate most research within a few years, they said, and could compress years of progress into months or less.

“If this triggers an intelligence explosion, it could dramatically bring forward AI’s benefits, but also pose extreme risks,” the authors wrote in the paper first published in The Wall Street Journal. “Capabilities growth could accelerate far beyond what society can keep up with, humanity could lose control over superhuman AI systems, and checks on power within and between states, companies and branches of government could be severely eroded.”

The researchers say policymakers must immediately begin further investigation into automated AI research, develop methods to prevent or contain a so-called intelligence explosion and “prepare society to adapt to an intelligence explosion’s impacts.” They also called for world leaders to negotiate international agreements on AI regulation.

Actor Josh Gad joined the discussion regarding the Cornell University sexual assault allegations, saying it was a “violent and sick criminal act” and there’s no such thing as a “white collar rape.”

“When we start setting a precedent that our girls and women can be brutally raped, and the resulting disciplinary action is to hand out (checks notes) ESSAYS (like it’s Bart Simpson being a lil’ rascal), about why it was wrong to brutally violate an innocent girl, we have lost our fucking minds,” Gad wrote Sunday on Instagram.

He continued: “[It’s] a violent and sick criminal act that doesn’t take a fucking Cornell degree to understand it’s evil. At this point, it doesn’t seem to matter if a woman accuses a President, a Supreme Court justice, a private university student, or an athlete. There is NO SUCH THING as white collar rape.”

Earlier this month, a former Cornell student filed a lawsuit against the university and seven fraternity members alleging that they drugged and raped her. The lawsuit alleges that some of the members’ punishments was to write an essay.

SpaceX launched its enormous Starship into orbit for the first time Monday, aiming for six full laps around Earth to prove its readiness for NASA’s Artemis moon program.

The spacecraft almost didn’t achieve the long-desired goal after one of its engines shut down too soon. But with everything else working well and the bad engine no longer needed, flight controllers decided after several tense minutes to proceed as planned.

“Starship is orbital,” Mission Control announced to cheers.

Founder Elon Musk’s showpiece rocket — the biggest and most powerful ever built — carried 26 of the latest and most advanced Starlink satellites to join the 11,000 older models already providing internet service. They popped out of the spacecraft one by one, drawing more cheers from the SpaceX crowds looking on from the launch site at Starbase, Texas.

Read more from Reuters here:

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