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AI Business
Anthropic has submitted preliminary registration documents for a US IPO, revealing sharply higher revenue from Claude and related products. The filing reports $11.6 billion in quarterly revenue, significant cash and investments, and a $132.9 billion accumulated deficit, while leaving the offering size, share price and valuation undecided.
AI Business
The artificial-intelligence investment boom has lifted markets and global growth, but its expanding dependence on debt is increasing links between stocks, bonds and credit. Analysts warn that a loss of confidence could spread beyond technology, even though a financial crisis is not considered imminent.
AI Business
Junaid Khan left Microsoft after earning more than $200,000 in salary, stock and bonuses in 2024. He is now running Treasury alone, without a co-founder or external funding, and has generated $6,000 in revenue while relying on his earlier savings instead of taking a salary.
AI Business
OpenAI says it will trial clearly labelled visual advertising inside ChatGPT while users generate s in the U.S.
AI Business
Hong Kong's IPOs, placements and block trades raised a record $47.5 billion in July–September, despite a steep selloff in local stocks. AI-related fundraising has lifted year-to-date proceeds above $92 billion, bringing the city closer to the $112.5 billion full-year record set in 2021, according to Bloomberg.
AI Business
Recent SEC filings from Paychex, IB Acquisition, Zapata Quantum, Stitch Fix, Snowdrift Parent, SPACSphere and Artificial Intelligence Technology Solutions reveal how companies are applying agentic AI, managing regulatory exposure, using data as a competitive asset and absorbing higher costs for AI-enabled hardware.
AI Business
China's AI-driven economic transformation is drawing investment and ambition, but economists and industry leaders are warning that inflated humanoid-robot valuations and uneven gains could create new problems. They are urging broader innovation across services and cultural industries while questioning whether ordinary workers are benefiting from the technology-led expansion.
AI Business
Apple has reportedly agreed to pay more for memory supplied by Samsung from early 2027, with LPDDR5X RAM and NAND storage prices said to be substantially higher. The increase may put further pressure on iPhone prices, although Apple could also absorb costs, adjust configurations or negotiate different supplier terms.
AI Business
Anthropic is seeking shareholder approval for a structure that would give CEO Dario Amodei and 6 co-founders 50.1% of the company's voting power. The Claude maker is also planning a special employee stock class for tie-breaking votes on some corporate matters as it prepares for a potential IPO.
AI Business
DeepSeek's annualized revenue run rate has crossed $1 billion, more than doubling from roughly $500 million reported a few months earlier. The Hangzhou-based lab's API business reached an 82.9% gross margin through July after price increases, while it is considering a $7.5 billion Shanghai raise.
AI Business
A group of 23 banks, insurers and asset managers will train more than 80,000 local employees in artificial intelligence skills by 2028, while studying how work is changing and testing job redesign. The initiative aims to help Singapore's finance workforce adapt as firms expand AI use.
AI Business
US President Donald Trump sold tens of millions of dollars in technology shares during July, led by up to $31 million in Microsoft and $26 million in Amazon. Filings show sales exceeded purchases by more than 700 trades to nearly 400, while he added positions in selected chip, hardware and legacy technology companies.
