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...
SoftBank Posts $7 Billion Quarterly Loss Amid Heavy AI Investments
Japanese investment giant SoftBank Group reported a net loss of $7 billion for the July–September quarter, significantly exceeding analysts’ expectations, as rising data centre development costs in the United States and sharply higher financing...
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...
Russell Brand Sentenced to 10 Years and Six Months in Prison for Rape and Sexual Assault
British comedian and actor Russell Brand has been sentenced to 10 years and six months in prison after being convicted of raping one woman and sexually assaulting three others in offences committed between 2004...
China Extends Trade Truce with US by Two Months
China has effectively extended its trade truce with the United States by two months, announcing the continued suspension of several trade measures ahead of the agreement’s scheduled expiry on Tuesday. The move comes as...
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...
Oil Prices Fall as Trump Signals No Immediate Fresh Strikes on Iran
Oil prices declined on Monday after US President Donald Trump played down the possibility of renewed military strikes on Iran, easing fears of further escalation in the Middle East. Brent crude fell $1.65, or...
Google Warns Australian Internet Safety Bill Could Block Under-18s from Gmail
Google has warned that Australia’s proposed Digital Duty of Care legislation could force the company to restrict access to Gmail and other everyday online services for users under 18. Speaking at a Senate hearing...
Alphabet Builds $548 Million Stake in Qualcomm, Boosting Chipmaker’s AI Ambitions
Alphabet has acquired a stake worth nearly $548 million in longtime technology partner Qualcomm during the third quarter, strengthening the chipmaker’s efforts to expand its presence in the data centre and artificial intelligence markets....