Anthropic, PBC submitted a confidential draft Form S-1 to the Securities and Exchange Commission on June 1, formally opening the door to a potential public offering. The filing gives the company the option to list its shares once regulators complete their review. However, no share count, price, or timeline has been disclosed. The offering also…
Anthropic
SpaceX secretly files for what could be the biggest IPO ever
Elon Musk’s SpaceX has taken a major step toward going public, filing confidentially for an initial public offering with the U.S. Securities and Exchange Commission, according to people familiar with the matter. The move brings the rocket, satellite and artificial intelligence company closer to what could be the largest IPO ever recorded. The draft registration…
IBM Plunges 13% After AI Startup Targets Its Oldest Stronghold
International Business Machines Corp. suffered a painful market setback this week, with shares recording their steepest single-day decline in more than two decades after an artificial intelligence startup promoted a tool aimed at one of IBM’s oldest strengths. The tech giant’s stock dropped 13% in one trading session, marking its worst percentage fall since October…
Meta strikes massive AMD deal to dominate global AI landscape
Meta is accelerating its push in the global AI race with a new multiyear agreement that places a fresh spotlight on its expanding data center ambitions. Just days after announcing its plan to deploy millions of processors from Nvidia, the company has now confirmed a major partnership with Advanced Micro Devices that further broadens its…