Anthropic’s revenue is set to more than double to $10.9 billion in the second quarter, an explosive rate of growth that will help it turn an operating profit for the first time. Anthropic generated $4.8 billion in sales in the first quarter. Its quarterly revenue is now growing faster than Zoom did during the pandemic, and Google and Facebook in the run-up to their initial public offerings. It is set to turn an operating profit of $559 million in the June quarter. It’s a great setup for the next hot AI IPO.

taking the stock up 20%. The Trump administration is awarding $2 billion in grants to nine quantitative computing companies in deals that include U.S. government equity stakes, the Commerce Department said. The move accelerates the administration’s plans to boost the nascent industry, which has attracted a wave of investment from investors and businesses in recent months.

falling in May due to the Iran war. Consumers expect prices to rise an annualized 3.9% over the next five to 10 years, up from 3.5% in April. The cost of living continues to be a concern, with 57% of consumers mentioning that high prices were eroding their personal finances. Are they only asking the bottom half of the country, or students who have lost their scholarships?

The broader 4-week moving average also declined to 202,500, continuing to reflect a highly stable and resilient labor market.

Lung disease is about to explode. Expect at least 100,000 young people a year to die. Great idea! We have too many young people. They don’t respect old people at all!