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News

Startup Fortune
startupfortune.com > anthropic-is-reportedly-heading-toward-a-2-trillion-nasdaq-ipo-in-october

Anthropic Is Reportedly Heading Toward a $2 Trillion Nasdaq IPO in October

21+ hour, 44+ min ago   (405+ words) Anthropic has reportedly chosen Nasdaq for an October IPO that could value the company near $2 trillion, with Goldman Sachs, JPMorgan and Morgan Stanley leading the deal. The push toward the largest AI IPO in history lands the same week CEO…...

Startup Fortune
startupfortune.com > elon-musks-quiet-friend-antonio-gracias-stands-to-make-90-billion

Elon Musk's Quiet Friend Antonio Gracias Stands to Make $90 Billion

1+ day, 9+ hour ago   (714+ words) Antonio Gracias, the low-profile founder of Valor Equity Partners, lent Elon Musk $1 million to save Tesla and SpaceX from bankruptcy in 2008. Eighteen years later, SpaceX's Nasdaq debut has made his roughly 7.2% stake worth close to $90 billion, second only to Musk's…...

Startup Fortune
startupfortune.com > sam-altman-tells-fortune-an-openai-ipo-is-off-the-table-for-2026

Sam Altman tells Fortune an OpenAI IPO is off the table for 2026

1+ day, 15+ hour ago   (537+ words) Sam Altman told Fortune on September 12, 2026 that an OpenAI IPO won't happen in 2026, calling it an "ill-advised moment" given AI safety concerns. The comments come a day after Anthropic's Dario Amodei called for the industry to slow down, with Altman…...

Startup Fortune
startupfortune.com > deepseeks-new-ai-model-spooked-samsung-and-sk-hynix-investors

DeepSeek's New AI Model Spooked Samsung and SK Hynix Investors

1+ day, 11+ hour ago   (330+ words) DeepSeek's new V4.1 Flash model claims a fourfold cut in KV cache memory use, and Korean investors reacted fast: Samsung fell 3.5% and SK Hynix 2.2% in Seoul on September 11 while Micron and SanDisk held steady in the US. The drop came just…...

Startup Fortune
startupfortune.com > ai-just-helped-healthtech-startups-mint-twice-as-many-unicorns-in-2025

AI Just Helped Healthtech Startups Mint Twice as Many Unicorns in 2025

1+ day, 11+ hour ago   (458+ words) AI-powered healthcare startups minted 16 new unicorns in 2025, double 2024's count, pushing the $225 billion US healthtech sector toward a projected $1 trillion by 2035, according to Forbes. Abridge, OpenEvidence and EliseAI led the funding surge, while Rock Health data shows AI startups now…...

Startup Fortune
startupfortune.com > only-borrowers-with-near-perfect-credit-can-get-a-mortgage-now

Only Borrowers With Near Perfect Credit Can Get a Mortgage Now

1+ day, 13+ hour ago   (400+ words) A new Pew Charitable Trusts study finds the average credit score for new mortgage borrowers hit a record 742 in 2024, even as households take on more debt than ever. The result is a mortgage market that only says yes to near…...

Startup Fortune
startupfortune.com > the-pentagon-is-in-talks-to-lend-ai-startup-fluidstack-5-billion

The Pentagon Is In Talks To Lend AI Startup Fluidstack $5 Billion

3+ day, 14+ hour ago   (635+ words) The Pentagon wants to lend a company most Americans have never heard of $5 billion, and that alone shows how nervous Washington has gotten about losing the AI infrastructure race to China. That is the story here. If you follow AI…...

Startup Fortune
startupfortune.com > microns-taiwan-workers-are-ready-to-strike-over-its-record-ai-bonus

Micron's Taiwan Workers Are Ready to Strike Over Its Record AI Bonus

3+ day, 18+ hour ago   (428+ words) Nearly 10,000 of Micron's roughly 15,000 Taiwan workers are threatening a strike after a September 4 mediation session over bonuses ended without a deal. Unions want a one-off payout worth 83 months of salary and a permanent shift to 15 percent of quarterly operating profit,…...

Google News
startupfortune.com > openai-ends-its-1-chatgpt-deal-with-the-us-government

OpenAI Ends Its $1 ChatGPT Deal With the US Government

3+ day, 23+ hour ago   (403+ words) OpenAI is ending the $1-a-year ChatGPT deal that reached 3.5 million federal employees, moving instead to usage-based pricing at 50% off standard commercial rates. The shift comes as all three of the GSA's OneGov AI contracts, with OpenAI, Google, and Anthropic, expire…...

Startup Fortune
startupfortune.com > saudi-arabias-pif-weighs-combining-ea-with-its-savvy-gaming-empire

Saudi Arabia's PIF Weighs Combining EA With Its Savvy Gaming Empire

3+ day, 22+ hour ago   (283+ words) Bloomberg reports Saudi Arabia's PIF is weighing whether to merge Electronic Arts with Savvy Games Group after closing its $55 billion EA buyout in August. The move, which follows Savvy CEO Brian Ward's abrupt departure, would combine EA's blockbuster franchises with…...