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Asia shares slip, bonds submerged in tide of AI debt

Asia shares slip, bonds submerged in tide of AI debt

By Wayne Cole SYDNEY, Oct 8 (Reuters) - Asian shares slid on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.

Nvidia-backed Iambic Therapeutics launches IPO as biotechs buck market gloom

Nvidia-backed Iambic Therapeutics launches IPO as biotechs buck market gloom

By Manya Saini and Niket Nishant Oct 8 (Reuters) - Nvidia-backed Iambic Therapeutics, which uses AI to develop drugs, is aiming to raise up to $159.4 million in its US IPO, as the biotech sector emerges as a bright spot in an otherwise lackluster market.

SpaceX seeks $40 billion financing to buy Nvidia chips, sources say

SpaceX seeks $40 billion financing to buy Nvidia chips, sources say

Oct 6 (Reuters) - SpaceX is in talks with banks and asset managers to raise $40 billion for the purchase of Nvidia artificial intelligence chips, two sources familiar with the matter said. The Elon Musk-led company is in talks with asset manager PIMCO for financing, one of the sources told Reuters.

SpaceX seeks $40 billion financing led by Apollo to buy Nvidia chips, FT reports

SpaceX seeks $40 billion financing led by Apollo to buy Nvidia chips, FT reports

Oct 6 (Reuters) - SpaceX plans to raise $40 billion, led by asset manager Apollo Global Management, for purchasing Nvidia AI chips, the Financial Times reported on Tuesday, citing people familiar with the matter.

Navitas closes Claros deal as AI chips hit a 'power wall'

Navitas closes Claros deal as AI chips hit a 'power wall'

The fight for AI compute is shifting from the chip to the power feeding it. This deal is a bet on the very last stretch.

Shares slip as bond bashing rumbles on

Shares slip as bond bashing rumbles on

By Marc Jones and Wayne Cole LONDON/SYDNEY, Oct 8 (Reuters) - Global shares slid on Thursday as strains in sovereign bond markets were aggravated by a jump in oil prices and reports that some major tech firms were seeking to raise billions in debt in direct competition for limited funding.

Asian shares track Wall Street higher, Treasury yields near multi-decade highs

Asian shares track Wall Street higher, Treasury yields near multi-decade highs

By Stella Qiu SYDNEY, Oct 6 (Reuters) - Asian stocks rose on Tuesday after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields hovered near multi-decade highs.

Musk called Anthropic 'evil'; SpaceX's deal with it nearly doubled

Musk called Anthropic 'evil'; SpaceX's deal with it nearly doubled

Anthropic can walk away from the SpaceX deal. Most of the rest of its compute bill can't be canceled.

Data centre operator DayOne reveals revenue surge in US IPO filing

Data centre operator DayOne reveals revenue surge in US IPO filing

Oct 5 (Reuters) - Data center operator DayOne Data Centers filed for an initial public offering in the United States on Monday, testing investor appetite for data-center listings amid challenging market conditions.

Anthropic tells Australia it's open to laws requiring reporting of AI agent hacks

Anthropic tells Australia it's open to laws requiring reporting of AI agent hacks

By Byron Kaye SYDNEY, Oct 6 (Reuters) - Anthropic does not believe its products have breached Australian government systems but would be open to Australian laws requiring AI companies to disclose data breaches, company executives told an Australian parliamentary inquiry on Tuesday.

Australian opposition party vows 'biggest cut to immigration' in country's history

Australian opposition party vows 'biggest cut to immigration' in country's history

SYDNEY, Oct 6 (Reuters) - Australia's conservative opposition coalition has proposed to slash temporary and humanitarian visas while prioritising skilled workers in what it called the "biggest cut to immigration" in the nation's history.

Australia's ABC rejects AI copyright carveout, believes already been scraped

Australia's ABC rejects AI copyright carveout, believes already been scraped

SYDNEY, Oct 6 (Reuters) - The Australian national broadcaster rejected a suggestion on Tuesday that it was too hard for AI companies to strike licencing deals to access its content and said the tech giants had probably already "scraped" its output for model training.