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Anthropic sets modest $1 trillion IPO valuation target in test of Wall Street's AI fervor

Anthropic sets modest $1 trillion IPO valuation target in test of Wall Street's AI fervor

By Echo Wang Nov 10 (Reuters) - Anthropic is targeting a valuation of up to $1.02 trillion in its landmark U.S. IPO, its filing showed on Tuesday, well short of the previously discussed amount in the latest sign of cooling investor appetite for AI.

Anthropic targets $1 trillion IPO valuation in test of Wall Street's AI fervor

Anthropic targets $1 trillion IPO valuation in test of Wall Street's AI fervor

By Echo Wang Nov 10 (Reuters) - Anthropic's IPO is set to raise as much as $64.4 billion, a regulatory filing showed on Tuesday, in a landmark test of whether Wall Street's faith in the AI boom outweighs concerns over its risks.

Cross-Border E-commerce Market Projected to Reach $4.85 Trillion by 2033, Driven by Digital Wallets and Social Commerce

Cross-Border E-commerce Market Projected to Reach $4.85 Trillion by 2033, Driven by Digital Wallets and Social Commerce

Cross-Border E-commerce Market Projected to Reach $4.85 Trillion by 2033, Driven by Digital Wallets and Social Commerce

WealthTech Sector Experiences $700 Billion Surge as AI Agents Redefine Advisory Services

WealthTech Sector Experiences $700 Billion Surge as AI Agents Redefine Advisory Services

WealthTech Sector Experiences $700 Billion Surge as AI Agents Redefine Advisory Services

Saudi Arabia's New Copyright Law Boosts Arabic AI Model Development, Setting International Precedent

Saudi Arabia's New Copyright Law Boosts Arabic AI Model Development, Setting International Precedent

Saudi Arabia's New Copyright Law Boosts Arabic AI Model Development, Setting International Precedent

Anthropic IPO Valuation Discussions Range from $1.1 Trillion to $1.3 Trillion Amid Tech Sell-Off

Anthropic IPO Valuation Discussions Range from $1.1 Trillion to $1.3 Trillion Amid Tech Sell-Off

Anthropic IPO Valuation Discussions Range from $1.1 Trillion to $1.3 Trillion Amid Tech Sell-Off

SoftBank books $7 billion quarterly loss on US data centre hit

SoftBank books $7 billion quarterly loss on US data centre hit

By Anton Bridge TOKYO, Nov 10 (Reuters) - Technology investor SoftBank Group said on Tuesday it booked a net loss of 1.1 trillion yen ($7 billion) in the July-September quarter, hit hard by hefty advance payments it made to support the buildout of data centres in the US.

AI-Native Startups Achieve Significant Revenue Growth with Reduced Headcount

AI-Native Startups Achieve Significant Revenue Growth with Reduced Headcount

AI-Native Startups Achieve Significant Revenue Growth with Reduced Headcount

Japanese investor SoftBank Group sinks into losses as company's AI hopes falter

Japanese investor SoftBank Group sinks into losses as company's AI hopes falter

SoftBank Group has sunk into losses for the latest quarter as worries about investments in artificial intelligence hurt the Japanese technology company's bottom line

Anthropic eyes $1.4 trillion IPO valuation in test of Wall Street's AI fervor

Anthropic eyes $1.4 trillion IPO valuation in test of Wall Street's AI fervor

By Echo Wang, Manya Saini and Arasu Kannagi Basil Nov 10 (Reuters) - Anthropic's blockbuster IPO is set to give the company a valuation of up to $1.4 trillion, slightly lower than some investors' expectations amid a recent cooling in investor appetite for AI, setting up a defining test of Wall

Australia to mandate AI breach reporting, create regulator after OpenAI breach

Australia to mandate AI breach reporting, create regulator after OpenAI breach

By Renju Jose SYDNEY, Nov 10 (Reuters) - Australia will require artificial intelligence companies to report breaches and consider changes to criminal law to address "serious misconduct", Prime Minister Anthony Albanese said on Tuesday, after an OpenAI agent broke into a government website.

SoftBank swings to $7 billion net loss in second quarter

SoftBank swings to $7 billion net loss in second quarter

By Anton Bridge TOKYO, Nov 10 (Reuters) - Technology investor SoftBank Group generated a net loss of 1.1 trillion yen ($7 billion) in the July-September quarter, it said on Tuesday.