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News
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…...
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…...
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…...
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…...
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…...
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…...
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…...
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,…...
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…...
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…...