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...
Box Expands Nvidia Partnership with New AI Search and Workflow Tools
Content management company Box has expanded its partnership with Nvidia, introducing new artificial intelligence tools designed to improve enterprise search capabilities and automate business workflows. The announcement includes a new search engine that helps...
Marvell Technology to Acquire Lumentum in $115 Billion Deal to Expand AI Chip Business
Marvell Technology has announced a $115 billion all-stock acquisition of optical components maker Lumentum, including debt, in one of the biggest technology deals of 2026. The acquisition marks a major strategic move by the...
Alphabet’s AI Chip Business Boosts Growth but Pressures Cash Flow
Alphabet is generating billions of dollars from sales of its in-house artificial intelligence (AI) chips, known as tensor processing units (TPUs), which were initially developed for internal use. However, meeting surging demand requires substantial...
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...
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...
Nvidia Boosts Buyback Plan by $150 Billion, Setting Record
Nvidia has increased its share repurchase authorization by $150 billion, surpassing Apple’s $110 billion approval in 2024 and marking the largest-ever increase in a stock buyback programme. The additional authorization takes Nvidia’s remaining buyback...
AI Warnings Trigger Nasdaq Selloff as Tech Stocks Slide
U.S. stock futures fell sharply on Monday, led by the Nasdaq 100, as major technology and semiconductor stocks came under pressure following calls from leading AI executives to slow the development of increasingly powerful...
OpenAI Reportedly Holds $5.5 Billion in SB Energy Warrants
OpenAI has been issued warrants estimated to be worth $5.5 billion in power infrastructure firm SB Energy, according to a Wall Street Journal report citing draft IPO documents reviewed by the publication. The reported...
U.S. Equity Funds See Biggest Outflow in Five Months
U.S. equity funds suffered their largest weekly outflow in five months in the week ended August 26, as investors reassessed the outlook for artificial intelligence ahead of Nvidia’s earnings and awaited potentially important comments...