Signals

Anthropic stormed Wall Street with a $1.5 billion joint venture and ten ready-made financial agents, while the Pentagon signed AI deals with eight tech giants and pointedly left Anthropic off the list. The week crystallised a strange new reality: one company can simultaneously be the most wanted partner on Wall Street and the most unwanted in Washington.

Google bet the enterprise on agents while DeepSeek dropped a new open-source flagship on the same morning. Meanwhile, the capital flowing into frontier AI reached numbers that make last year's mega-rounds look modest.

242 billion dollars flowed into AI in a single quarter, and the week showed exactly where it's all going.