Anthropic is racing toward a potential October IPO backed by Goldman Sachs, Morgan Stanley, and JPMorgan, which could see the Claude AI maker beat rival OpenAI to public markets at a staggering $61.5 billion valuation driven by surging enterprise demand for its AI models.
DeepSeek is seeking $1.5 billion at a $71 billion valuation and eyeing a potential 2027 IPO — possibly as early as this year — just one month after closing a $7 billion round at $50 billion, as the Chinese AI startup surges to nearly 23% of tokens processed on Vercel's …
Kalshi launches a GPU forward curve tool that maps future computing power prices using prediction market contracts, positioning compute as a major financial commodity alongside CME Group and ICE as AI infrastructure demand drives projected data center spending into the trillions.
Anthropic and OpenAI are locked in an aggressive AI price war, offering free and expanded access to their most powerful models in a high-stakes battle for user loyalty, even as soaring compute costs raise serious questions about the long-term financial viability of their loss-leader strategy.
Greg Brockman seizes full control of OpenAI's products and enterprise teams after Fidji Simo's departure, now facing intense pressure to defend the company's $852 billion valuation, reverse ChatGPT's declining market share, and deliver a successful IPO amid fierce competition from Anthropic, Google, and xAI.
Tencent is in talks to become the largest external shareholder in agentic AI startup Manus at a $2 billion valuation, moving aggressively into the AI race after Chinese regulators blocked Meta's acquisition of the company.
A new Verasight survey finds 69% of Americans support forcing AI giants to hand over 50% of their stock to a public wealth fund, as Senator Bernie Sanders pushes the American AI Sovereign Wealth Fund Act amid warnings that AI could displace over 15 million U.S. workers.
Chinese AI startup MiniMax Group is raising up to $2 billion through share sales and convertible bonds in Hong Kong, as the company sells 35.6 million shares at a 9.9% discount, sending its stock down nearly 9.8%, while simultaneously offering HK$6.5 billion in zero-coupon convertible bonds due 2027.
AI training startup Mercor is in talks to raise funding at a $20 billion valuation after doubling revenue to a $2 billion annualized run rate in just four months, while acquiring AI agent training company Deeptune — signaling a strong rebound after a turbulent early 2026 marked by a data …
Anthropic appoints Nobel Prize-winning former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust, a key independent governance body overseeing the AI company's direction as artificial intelligence continues to reshape the global economy.