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📈 Monday data: The bottleneck isn’t intelligence
In the AI Investment Brief today: CapEx updates and lease commitment breakdowns Anthropic co-founder Jack Clark recently said in a speech at the IMF that the singularity has begun: For many years, researchers and science fiction authors have forecast a future in which AI systems drastically increase the pace of overall scientific and technical progress, making things move so quickly that it is hard for humans to keep up. They call this the singularity. I believe that this year we have gained convincing evidence that it has now begun. This follows Anthropic’s claim that in August, 26% of its AI R&D was led by Claude, with a human supervising its work. In October, OpenAI posted 719 math manuscripts1 made by its internal model. Math and coding are two fields where a research loop can close without leaving the desk. But can the loop close in the rest of science? Subscribe The loop is real The idea is not new. Mathematician Irving John Good, who had worked with Alan Turing at Bletchley Park, argued that a machine smarter than us “could design even better machines; there would then unquestionably be an ‘intelligence explosion,’ and the intelligence of man would be left far behind.” The Gödel machine, a self-improving computer that can rewrite its own code better than its prior, was first proposed in 2003. In 2025, researchers at Sakana AI and the University of British Columbia set out to show that this was possible. Their agents iteratively improved their own code through a feedback loop, resulting in gains of 30 pp on SWE-bench and more than 15 pp on Polyglot, testing coding skills beyond Python. The idea has since been tested in other labs. A Gemini-powered agent called AlphaEvolve found a faster matrix multiplication kernel used for training Gemini, speeding up the kernel by 23% and cutting Gemini’s training time by 1%. In China, MiniMax reported that its M2.7 model worked on improving its own agent’s harness, skills, sampling and memory. Over 100 rounds of rewriting led to a 30% gain, per its internal evaluations. In each case, what was being rewritten was not the model itself but everything around it. Is it better than human work? In September this year, in what seemed like a milestone, an AI-built agent proved as good at improving other AI agents as a human-built one. It did that in what appeared to be half the steps. But the result was inconclusive: the differences between runs were greater than the difference between the AI- and human-built agent results. Nonetheless, this is increasing the chatter around recursive self-improvement (RSI) in AI. Google’s Sundar Pichai said that “you have RSI loops along with AI researchers in various aspects of model development.” Sakana AI published a paper on RSI through multi-agent collaboration, finding that after two cycles its system scored 1.2–1.6x better per output token than the base model across four research benchmarks. Ramez Naam challenges that view. He splits AI self-improvement into five overlapping types. The first four describe how autonomous the AI is; so far, only types 1 and 2 have been observed. The fifth type describes accelerating returns, and he notes that greater autonomy doesn’t guarantee a takeoff scenario. Instead, each round of self-improvement would need to deliver at least as much as the last. The results from Sakana, AlphaEvolve and MiniMax above might look like type 3 or type 4 autonomy. But in each case, the AI wasn’t updating its own weights directly, only the ancillary parts — the harness, the memory. And where Claude leads its own R&D, for now a human still supervises.
Claude AI accessed publicly available Georgia voter data, Anthropic confirms
Officials said the AI bot accessed publicly available voter data through the state's data hub but did not access voter files or Georgia's voter registration system.
Jack Clark: a billion virtual scientists are coming
Anthropic co-founder Jack Clark told the IMF the singularity has begun and AI could put a billion virtual scientists to work if labs can test the results.
San Marcos High School breaks ground on a new era of health care education - Santa Barbara News-Press
The project has received significant philanthropic contributions, including $1.5 million from Cottage Health and $1 million from Betty Elings Wells
Anthropic commits 5% of its stock to a new ‘public benefit’ fund
Anthropic says it is committing 5% of its shares to a new “public benefit” fund, with the amount potentially increasing as its shares grow in value.
Anthropic commits billions to a 'public benefit fund'
Anthropic said it wants to create a new charitable LLC with the company's stock as its sole asset.
Cardinals Chosen As Innovative Philanthropic Company Of Year By Phoenix Business Journal
Arizona Cardinals Official Team Website I Arizona Cardinals – AZCardinals.com
Anthropic Commits $150M To AI Science Mission
Anthropic is committing $150 million over three years to the federal government’s Genesis Mission, expanding access to its Claude AI models.
Anthropic commits $150M to U.S. AI science initiative
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Coffins receive 2026 United Way Tocqueville Society Award
Don and Mary Coffin have received the United Way of Central Iowa’s 2026 Tocqueville Society Award, recognizing individuals whose sustained leadership, philanthropic commitment and service have created lasting impact across Central Iowa. For more than 20 years, the Coffins have been longtime advocates of United Way supporting the organization through campaign leadership, volunteer service, board…
$10M gift helps launch new sports, entertainment, enterprise program
There was just enough room on the oversized check for all the zeroes. Seven of them, marking one of the larger philanthropic commitments in N.C. Wesleyan University's history.
Jothy Narendran
Jothy Narendran, co-managing partner of Jaspan Schlesinger Narendran, continues to be recognized as a leader in both the legal and philanthropic communities.
Architect of UK’s AI policy quits after Anthropic conflict of interest concerns
Matt Clifford forced to stand down amid disquiet from senior MPs over his new full-time job at AI company
Las Vegas Raiders announce $25 million game-changing gift to Intermountain Health to help build Nevada's first stand-alone children's hospital
Led by Raiders owners Mark Davis, Egon Durban, and Michael Meldman, this marks the largest philanthropic commitment in franchise history.
Anthropic confirms Claude is down in major outage affecting multiple services
Claude is experiencing a major outage, with users reporting login problems and degraded performance across several Anthropic services.
Anthropic confirms it's building an in-house chip team for Claude
The AI startup is hiring engineers to design custom chips for its Claude AI model, according to a job listing and a company statement.
The engineer who became Anthropic's political secret weapon
Tom Brown, an Anthropic cofounder, helped mediate the White House complaints over Fable and Mythos. His background in AI is brief but noteworthy.
The engineer who became Anthropic's political secret weapon
Tom Brown, an Anthropic cofounder, helped mediate the White House complaints over Fable and Mythos. His background in AI is brief but noteworthy.
The moment Anthropic convinced me it’s serious about science
AI Prognosis: The release of Claude Science suggests big model makers are getting serious about real science, and not just flashy problems.
New Oregon State building will support five field sports
Oregon State University supporters have made philanthropic commitments totaling $25 million to construct a new facility that will support 150 student-athletes in softball, men’s and women’s soccer, women’s cross country an
AI giant Anthropic confidentially files for US IPO
AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up what could become the watershed moment for Wall Street's AI frenzy.
Pope Leo XIV isn't joining Anthropic, but the memes are funny
A Vatican appearance by Anthropic co-founder Chris Olah prompted jokes that Pope Leo had joined the AI startup. Here's what happened.
Anthropic courts a new kind of customer: small business owners
Anthropic is looking to broaden its customer base from larger enterprise customers to smaller and mid-sized businesses.
Coatue Projected $1.995 Trillion Valuation for Anthropic in 2030
In a presentation to prospective investors in January, Coatue offered a rare look at how it justifies Anthropic’s heady valuations. An anonymous source sent me the slides, which give a unique look at how a top investment firm values Anthropic’s business. This is a moment in time when some of America’s most valuable, growing technology companies remain private. In the January presentation, Coatue estimated that Anthropic would lose $14 billion in EBITDA on $18 billion in revenue in 2026, ending the year with $30 billion in annualized run-rate revenue. Most recently, it’s been reported that Anthropic is at $19 billion in ARR, which could suggest Anthropic is already running ahead of Coatue’s expectations. By 2031, Coatue projected that Anthropic would be generating $48 billion in EBITDA profits on $200 billion in revenue, with $224 billion of ARR. That would give Anthropic a 41x forward EBITDA multiple at a projected $1.995 trillion valuation in 2030. Coatue told the investors it was pitching that Anthropic could be worth $2.413 trillion in 2031. In February, Coatue co-led a $30 billion Series G investment in Anthropic that valued it at $380 billion. Coatue declined to comment on this story. I first shared this slide and talked about the presentation on my new podcast, the Cerebral Valley Show, which I host with my CVAI co-hosts Max Child and James Wilsterman. I’ve got a few other slides from the Coatue presentation for Newcomer subscribers.