Akamai Stock Surges After Landing $11.6 Billion Anthropic AI Cloud Deal
Akamai shares surged after Anthropic committed $11.6 billion to the company’s cloud infrastructure over seven years, transforming the scale of its AI computing business.
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Akamai shares surged after Anthropic committed $11.6 billion to the company’s cloud infrastructure over seven years, transforming the scale of its AI computing business.
Bybit has launched its ‘Make Your Move’ global campaign as the crypto exchange expands into a broader financial platform spanning digital assets, stocks, gold, forex, payments and AI-powered services.
SpaceX’s current market value and prospective valuations for Anthropic and OpenAI total roughly $5.2 trillion, exceeding the combined debut-day value of every U.S. technology IPO from 1980 through 2025.
Michael Burry has increased short positions in Micron, Nebius, Palantir and the SOXX semiconductor ETF, reversing part of the portfolio-wide risk reduction he made earlier in September.
Alibaba has unveiled its Zhenwu V900 AI chip with three times the performance of its predecessor as the company prepares massive Qwen models and more than 20 gigawatts of global data center capacity.
Elon Musk’s SpaceXAI has launched Grok 4.7, its most powerful model for coding and knowledge work, claiming twice the speed at half the price of comparable frontier AI models.
AMD, Intel and Arm shares surged as Meta’s Muse became the most downloaded free iPhone app in the U.S., fueling expectations that mass adoption of autonomous AI agents will dramatically increase demand for server CPUs.
SoftBank has launched an approximately $11 billion bond sale to finance its latest investment in OpenAI, underscoring the enormous capital requirements behind the global artificial intelligence boom.
OpenAI expects to generate $278 billion in negative free cash flow through 2030 as spending on computing power and AI infrastructure approaches $856 billion despite rapid revenue growth.
Anthropic is moving toward a potential November IPO as annualized revenue approaches $100 billion, setting the stage for what could become the largest public offering in history.
Michael Burry says AI safety warnings from OpenAI and Anthropic are exaggerated hype that helps sustain excitement as growth slows ahead of potential IPOs.
Novo Nordisk is partnering with Anthropic to deploy Claude Science and frontier AI models across drug discovery and software development as the pharmaceutical giant seeks to accelerate the creation of new medicines.
Elon Musk says he is living in an Airstream trailer at xAI’s Memphis data center site as the billionaire personally oversees one of the AI company’s biggest infrastructure expansions.
Unitree Robotics has lost roughly $30 billion in market value after its spectacular Shanghai debut, prompting concerns that Chinese regulators could tighten scrutiny of humanoid robot companies seeking IPOs.
Boston Dynamics is unlikely to pursue an IPO in 2027 as Hyundai’s robotics subsidiary remains unprofitable and has yet to deploy its flagship Atlas humanoid robots at scale.