Unitree Shares Soar More Than 500% in Record Shanghai IPO Debut
Unitree Robotics shares surged more than 500% on their Shanghai trading debut, briefly valuing the humanoid robot maker at around $50 billion.
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Anthropic Weighs Supervoting Shares for Founders Ahead of IPO
Anthropic is reportedly considering issuing supervoting shares to its founders ahead of its expected IPO, helping preserve their control as the AI company prepares to go...
Nik Storonsky’s QuantumLight Raises $500 Million for Second AI-Driven Venture Fund
QuantumLight, the venture capital firm founded by Revolut CEO Nik Storonsky, has raised $500 million for its second fund, doubling the size of its debut vehicle.
Anthropic Overtakes OpenAI in Quarterly Revenue as OpenAI Pauses Major AI Training Run
Anthropic generated more quarterly revenue than OpenAI for the first time, while OpenAI paused a major AI model training run over growing cybersecurity concerns.
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Citi to Launch Custody+ Crypto Custody Service Later This Year
Citi will launch its Custody+ platform later this year, allowing institutional clients to hold Bitcoin alongside traditional assets within a single custody framework.
U.S. National Debt Expected to Reach $40 Trillion Earlier Than Forecast
The U.S. national debt is now expected to reach $40 trillion months earlier than previously forecast, while investors demand higher yields to finance rising government borrowing.
Unitree Pre-IPO Futures Imply $40.5 Billion Valuation Ahead of Shanghai Debut
Pre-IPO futures tied to Unitree Robotics have surged more than 300% above the company's IPO valuation, implying a market value of roughly $40.5 billion ahead of...
Groq Raises $350 Million at $3.5 Billion Valuation After Nvidia Deal Reshapes the Company
AI chip startup Groq has raised $350 million at a $3.5 billion valuation, nearly half its previous $6.9 billion peak after Nvidia licensed its technology and...
Robotera Eyes Hong Kong IPO of Up to $1 Billion as China’s Humanoid Robotics Boom Accelerates
Chinese humanoid robot maker Robotera is considering a Hong Kong IPO that could raise up to $1 billion as investor interest in robotics continues to surge.
Cerebras Shares Jump 17% After OpenAI Agreement Adds $8.8 Billion in Market Value
Cerebras shares surged 17%, adding approximately $8.8 billion in market value after investors welcomed the company's agreement with OpenAI.
Nvidia Backs Financing for Massive OpenAI Data Center in Ohio
Nvidia is backing financing for a massive OpenAI data center project in Ohio, reinforcing the company's strategy of accelerating AI infrastructure investment.
Stripe Acquires OpenRouter in Deal Worth More Than $7 Billion
Stripe has acquired AI startup OpenRouter for more than $7 billion, marking one of the largest artificial intelligence acquisitions of the year.
VanEck Says Bitcoin Is Approaching a Cyclical Bottom as It Eyes New Buying Opportunities
VanEck believes Bitcoin is approaching a cyclical bottom rather than entering a prolonged bear market, while also remaining bullish on AI infrastructure, semiconductors, gold, and energy.