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Anthropic selects Nasdaq for IPO, Business Insider reports
4+ hour, 27+ min ago (82+ words) Sept 13 (Reuters) - U.S. tech startup Anthropic has selected Nasdaq for its potential initial public offering, Business Insider reported on Sunday, citing a person familiar with the company's plans. (Reporting by Ananya Palyekar in B... Anthropic selects Nasdaq for IPO, Business Insider…...
China’s Z.AI raises $5 billion from new share, convertible bond sales, filing shows
9+ hour, 49+ min ago (296+ words) HONG KONG, Sept 13 (Reuters) – Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a…...
OpenAI IPO will not happen in 2026 amid AI safety fears, Altman says
1+ day, 12+ min ago (387+ words) “I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don’t feel pressure on that,” Altman told Fortune. Growing numbers of U.S. lawmakers are calling for new rules…...
Larry Ellison cancels plan to sell Oracle stock
1+ day, 2+ hour ago (284+ words) Sept 12 (Reuters) – Oracle Executive Chairman Larry Ellison has canceled his plan to sell 50 million shares of Oracle stock, the company said on Saturday. “No Oracle stock was sold under that plan, and he has no other plans to sell any…...
AI startup Discovery Loop seeks around $50 billion valuation, Business Insider reports
1+ day, 21+ hour ago (147+ words) Sept 11 (Reuters) – AI startup Discovery Loop is seeking to raise funds again at a valuation of $50 billion, the Business Insider reported on Friday, citing people familiar with the matter. • Terms of the deal could change, and there is no guarantee…...
Exclusive-Nvidia in talks to invest in Anthropic’s mega IPO, sources say
1+ day, 21+ hour ago (315+ words) By Krystal Hu and Milana Vinn Sept 11 (Reuters) – Anthropic is in talks to bring Nvidia as an anchor investor into what could be the largest IPO in history, two people familiar with the matter told Reuters. Anthropic is seeking to…...
JPMorgan cut off Situational Awareness lending after AI losses, FT reports
1+ day, 23+ hour ago (87+ words) Sept 11 (Reuters) - JPMorgan Chase cut off its lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after large losses tied to his AI bets, the Financial Times reported on Friday. (Reporting by Utkarsh Shetti... JPMorgan cut off Situational Awareness lending…...
Altman tells staff OpenAI is open to slowing AI development, Bloomberg News reports
2+ day, 18+ hour ago (253+ words) Sept 10 (Reuters) – OpenAI Chief Executive Sam Altman told employees at a company meeting this week that the firm was open to slowing development of its AI systems, Bloomberg News reported on Thursday, citing sources, amid growing concern about the safety…...
Microsoft plans 38 gigawatts of data center capacity by 2032, Bloomberg News reports
2+ day, 22+ hour ago (206+ words) Sept 10 (Reuters) – Microsoft plans to build out its data-center capacity to about 38 gigawatts by 2032, more than triple its current footprint, Bloomberg News reported on Thursday, citing people familiar with the matter. • According to the report only about 2 gigawatts of the…...
Exclusive-Silver Lake, Intel-backed Altera prepares IPO that could raise over $2 billion as early as 2026, sources say
3+ day, 1+ hour ago (500+ words) By Milana Vinn and Echo Wang NEW YORK, Sept 9 (Reuters) – Silver Lake and Intel-backed chipmaker Altera is preparing for an initial public offering that could raise over $2 billion as early as 2026, according to people familiar with the matter, in one…...