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ByteDance founder Zhang Yiming has become Asia’s richest person as his estimated fortune climbs to $105.5 billion.
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.
Oracle employees reportedly lost system, Slack and office access before receiving early-morning layoff emails as the company begins another round of job cuts.
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.
OpenAI is in early discussions with major investors about a new funding round that could value the ChatGPT maker at roughly $1.2 trillion, just months after its record $122 billion raise.
ByteDance has secured a $29.6 billion loan from 28 banks as the TikTok owner ramps up spending on AI infrastructure, chips and data centers in its race with global AI leaders.
Anthropic is telling investors it has generated positive adjusted operating income for a second consecutive quarter, but the metric excludes major expenses including AI model training and stock-based compensation.
Anthropic could raise up to $100 billion in a record IPO at a potential $2 trillion valuation as the AI developer expects a second consecutive profitable quarter.
OpenAI CEO Sam Altman says the company will not go public in 2026, arguing that unresolved AI safety and alignment challenges must take priority over a potential blockbuster IPO.
Nvidia is in talks to invest as much as $10 billion in Anthropic’s upcoming IPO as the Claude developer seeks to raise up to $100 billion at a valuation of around $2 trillion.
Micron is awarding its largest employee payouts in company history, with workers in Taiwan receiving rewards worth as much as 68 months of base pay after an extraordinary year for the memory chipmaker.