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...
Microsoft Urges Trump Administration to Drop Proposed Ban on Chinese AI Data Centre Components
Microsoft is urging the Trump administration to reconsider its proposed ban on imports of Chinese optical transceivers, a critical component used in AI data centres. The company, along with other technology firms and industry...
AI Data Centre Boom Sparks Global Hunt for Used Gas Turbines and Jet Engines
The rapid expansion of artificial intelligence (AI) data centres is triggering a global scramble for second-hand gas turbines, refurbished power equipment and repurposed jet engines as manufacturers struggle to meet soaring demand. With delivery...
NextDC Halts Uncontracted Projects Amid Melbourne Data Centre Setback
Australian data centre operator NextDC has announced a suspension of work on projects without customer contracts following significant delays and community opposition to its flagship M3 data centre expansion in Melbourne. The setback, driven...
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...
eBay to Cut 9% of Global Workforce Amid Restructuring
eBay announced on Thursday that it will cut approximately 9% of its global workforce, affecting around 1,000 employees, as part of a restructuring plan to simplify operations and redirect resources towards its key strategic...
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...
Microsoft Warns Green Card Curbs Could Hurt US Tech Competitiveness
Microsoft President Brad Smith has warned that the Trump administration’s move to restrict green-card access for skilled foreign workers could weaken US technological competitiveness and push global talent to other countries, Politico reported on...
Anthropic Eyes $2 Trillion Valuation as AI Ambitions Drive Massive Costs
Anthropic is preparing for a potential blockbuster IPO that could value the artificial intelligence startup at more than $2 trillion, according to its IPO prospectus reviewed by Reuters. The company reported revenue of nearly...