Anthropic Targets $1.02 Trillion Valuation in Landmark US IPO
Anthropic is targeting a valuation of up to $1.02 trillion in its proposed US initial public offering (IPO), seeking to raise as much as $64.4 billion through the sale of 825 million shares priced...
Britain to Invest £90 Million in Technology to Counter Russian Undersea Threats
Britain will invest £90 million ($121 million) in drones, advanced sensors and artificial intelligence systems to strengthen the Royal Navy’s ability to counter Russian undersea threats in the North Atlantic and protect critical infrastructure....
Meta Plans $95 Billion Fundraising Drive to Fuel AI Expansion
Meta Platforms has announced plans to raise up to $95 billion through its largest-ever equity fundraising initiative as the Facebook parent accelerates investments in artificial intelligence infrastructure. The company has launched public offerings worth...
Short Sellers Earn $6 Billion as AI Data Centre Stocks Slide
Investors betting against US neocloud and data centre companies have recorded nearly $6 billion in paper profits so far in October, as concerns over the sustainability of debt-fuelled artificial intelligence infrastructure investments trigger a...
Investors Lower Anthropic IPO Valuation Expectations to $1.5 Trillion
Investors in Anthropic are reconsidering the artificial intelligence company’s expected valuation ahead of its planned November initial public offering (IPO), with some now discussing a figure of around $1.5 trillion, down from earlier expectations...
Bank of England Urges Banks to Strengthen Cyber Recovery Against AI Threats
The Bank of England is working with banks to strengthen cyber-recovery plans as artificial intelligence (AI)-powered cyberattacks pose growing risks to the global financial system, Deputy Governor Sarah Breeden said on Thursday. She warned...
Amazon Unveils Premium Android Tablets With Alexa+ AI
Amazon has unveiled a new range of higher-end tablets that run on Google’s Android operating system and feature its AI-powered Alexa+ voice assistant. The new Alexa Tablets start at $230 and go up to...
AI Simulations Aim to Predict Drug Trial Failures
Artificial intelligence is emerging as a potential tool to help pharmaceutical companies predict whether experimental drugs are likely to succeed before costly human trials. Novartis shares fell 11% after its late-stage trial of experimental...
Broadcom’s $42 Billion Financing Deal Deepens Anthropic AI Partnership
Anthropic’s IPO prospectus has revealed an unusually broad relationship with chipmaker Broadcom, spanning compute supply, equipment leasing and financing. Broadcom has agreed to lend Anthropic up to $42 billion to help finance its infrastructure...
Apple Plans Smart-Home Push With New Hub on October 13
Apple is planning to expand its presence in the smart-home market with a new home hub, code-named J490, expected to be launched on October 13, Bloomberg News reported on Wednesday, citing people familiar with...