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...
TSMC Posts Record Profit but Warns of Economic Uncertainty in 2027
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported a record quarterly net profit of T$763.1 billion ($23.59 billion) for the July–September quarter, marking a 69% increase year-on-year. Driven by robust demand...
AI Investment Boom Faces Rising Credit Risks as Default Protection Hits Record Highs
The cost of insuring against defaults by US technology companies hit record highs on Thursday, signalling growing credit stress in the artificial intelligence (AI) investment boom. Rising US inflation and expectations of higher interest...
Bumble to Go Private in $1.3 Billion Deal with Ithaca Holdings
Bumble said on Tuesday it had agreed to be taken private by Ithaca Holdings in a deal valued at $1.3 billion, as the dating app seeks to revive growth amid declining paying users and...
AI Investment Boom Supports Global Growth, Warns IMF of Job Disruptions
Global investment in artificial intelligence infrastructure is helping sustain worldwide economic growth at around 3%, despite an energy supply shock, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Speaking at the IMF...
WTO Raises Global Trade Forecast as AI Boom Offsets Middle East Disruptions
The World Trade Organization has upgraded its forecast for global merchandise trade growth in 2026 to 3.9%, more than double its previous estimate of 1.9%. The stronger outlook reflects robust demand for semiconductors and...
GlobalFoundries Signs $2 Billion TSMC AI Chip Deal
GlobalFoundries said on Thursday it has reached a $2 billion, five-year agreement to manufacture silicon interposers for TSMC at its facility in Malta, New York. Silicon interposers are critical components used in advanced AI...
US, Meta and Google Join $1.8 Billion Push to Build AI Biology Datasets
The U.S. government, Meta Platforms and Google parent Alphabet are joining nonprofit Biohub in a $1.8 billion initiative to build open datasets for training artificial intelligence models for biological research. Meta, Google DeepMind and...
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...
Volantis Raises $88 Million to Tackle AI Chip Memory Bottlenecks
San Francisco-based semiconductor startup Volantis has raised $88 million in venture capital to develop technology aimed at addressing a major bottleneck in AI chips — the speed at which computing components can communicate with...