Anthropic IPO filing reveals $567 billion compute bill
Anthropic's S-1 makes clear that the AI startup's single largest line item is not talent or research but the electricity and silicon required to keep
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Alphabet sheds $482 billion in worst day since IPO
Alphabet lost $482 billion of market value on Thursday, the second-largest single-day wipeout in U.S. history and the steepest drop since the company …
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DoorDash Nears $17 Billion Deal for Instacart
DoorDash is in advanced talks to acquire Instacart for about $17 billion, with an announcement possible as early as this week, according to the Wall S
Anthropic files for Nasdaq listing at potential $1.5 trillion valuation
Anthropic filed for an initial public offering on the Nasdaq under the ticker ANT, targeting a valuation of up to $1.5 trillion despite posting a net
Anthropic files for IPO with $16.3 billion in half-year revenue
Anthropic filed for its initial public offering on Monday, unveiling the financial architecture behind one of the most anticipated debuts in recent me
Nvidia CEO sees no 2029 memory glut as China supply fears roil market
Jensen Huang dismissed the idea that the memory market is heading for a surplus by the end of the decade, telling CNBC on Thursday that demand for hig
SpaceX-Tesla merger odds hit 59% but terms remain elusive
Elon Musk confirmed on SpaceX's latest earnings call that a combination with Tesla is under active review by special committees at both companies, tho
Pathos raises $237 million at $3 billion valuation with BMS leading round
Pathos, an artificial intelligence-driven drug development company, said Friday it has raised $237 million in a Series E round led by Bristol Myers Sq
Judge orders Trump deposition in $10 billion BBC defamation suit
A federal magistrate in Florida has ordered President Donald Trump to sit for a sworn deposition by Dec. 11 in the $10 billion defamation lawsuit he f
SpaceX capex forecast doubles as AI compute comes online
SpaceX told investors its capital spending could nearly double this quarter, with the company guiding for $35 billion to $40 billion as fresh compute
Schmidt’s Anthropic stake dwarfs the CEO’s
Eric Schmidt owns roughly half as much of Anthropic as the company’s chief executive, a disparity that turns the usual founder-investor hierarchy on i
JPMorgan deploys $5 billion in defense startups in year one
JPMorgan Chase has put $5 billion into early-stage defense and manufacturing companies in the first twelve months of its U.S. security and resiliency
Skydance merger lawsuit seeks to freeze streaming consolidation
A group of streaming subscribers asked a federal judge on October 16 to force Paramount Skydance Corporation to keep HBO Max and Paramount+ running as
Viking Therapeutics raises $575 million after maintenance data
Viking Therapeutics priced a combined equity and convertible-debt offering that brought in $575 million of gross proceeds, a week after the company re
Tenstorrent raises $1.5B at $6.2B valuation
Tenstorrent has secured $1.5 billion in fresh funding at a $6.2 billion valuation, more than doubling its price tag from a $2.6 billion round closed l
Netflix swaps content chief as layoffs deepen
Ted Sarandos has replaced Chief Content Officer Bela Bajaria with Peter Rice, a move that arrives on the heels of the largest layoffs in Netflix histo
Ramp hits $60B valuation after $1.85B raise four months after last round
Ramp has raised $1.85 billion at a $60 billion valuation, a 36% step-up from the $44 billion price tag it commanded in June. The round was co-led by D
BlackRock buys CenterWell stake from Welsh Carson for $2.8bn
BlackRock is acquiring Welsh, Carson, Anderson and Stowe’s majority stake in Humana’s CenterWell Senior Primary Care network for $2.8 billion, handing
Jio Platforms targets $3.2 billion in India's largest rupee IPO
Jio Platforms, the telecom giant backed by Meta and Google, will offer 270 million shares at 1,065 to 1,119 rupees each from October 21 to 23, aiming
Chinese AI firms snap up one million Nvidia gaming GPUs
Chinese technology companies purchased more than one million Nvidia gaming and workstation graphics cards over the past year, a Financial Times report
Starbucks denies Chipotle takeover talk
Starbucks shot down speculation on Monday that it was pursuing Chipotle, a combination that would have ranked as the largest restaurant acquisition on
AI Buildout Financing Emerges as Biggest Constraint
Broadcom chief executive Hock Tan and Intel chief executive Lip-Bu Tan told a Singapore conference that the AI infrastructure boom’s most binding cons
Broadcom CEO Tan calls AI investors casino gamblers
Broadcom chief executive Hock Tan told an audience in Singapore that many AI investors have no clue what they are buying and are effectively gambling
Dimon Warns Corporate Credit Squeeze Looms as Bond Yields Surge
JPMorgan Chase chief executive Jamie Dimon told Yahoo Finance that a global scramble for capital will eventually force corporate borrowers to pay sign
Dominion-NextEra hearing draws ratepayer opposition
The Virginia State Corporation Commission heard a parade of elected officials oppose the proposed Dominion Energy-NextEra Energy merger at a Fairfax C