Anthropic said it confidentially filed its IPO prospectus with the Securities and Exchange Commission, setting up a potentially historic share sale for investors ready to jump into artificial intelligence. “This gives us the option to go public after the SEC completes its review,” Anthropic said in a statement on Monday. “The proposed initial public offering…
Honda is recalling nearly 100,000 vehicles due to airbag complications, according to the National Highway Traffic Safety Administration. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The safety regulator has flagged a defect that could trigger the unintentional deployment of airbags. Honda said the defect is in the…
The U.S. Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may have led companies to export the world’s most advanced chips – like Nvidia’s most sophisticated Rubin and Blackwell processors, as well as AMD’s MI350x – to Chinese entities located outside China. Source link
Andrew here. We’ve got a scoop: Barry Diller is working on a bid to buy MGM Resorts, the casino giant. Also, Niko Gallogly goes behind the scenes of a law firm giant’s investment in its own A.I. systems and what it means for partners and associates. And Vivienne Walt reports for DealBook on Tehran’s threats…
A nearly six-month old video of Donald Trump praising International Business Machines Corp.’s CEO sent the shares surging almost 9% on Monday, adding more than $24 billion to the company’s stock-market value. Source link
Big Tech is becoming hooked on debt to fuel its grandiose visions of AI dominance, a slight shift from years past, when aggressive investments were largely driven by internally generated cash. The news: AI-related companies have issued about $140 billion in investment-grade bonds year to date, accounting for 49% of the total investment-grade issuance, according…
China is tightening scrutiny of outbound capital flows after forcing the unwinding of the Meta-Manus deal, as authorities seek to safeguard the economy amid heightened technology rivalry with the U.S. Source link
Most business owners assume that higher star ratings are linked to better business outcomes. A peer-reviewed study tested that assumption directly. Researchers Eddie Inyang and Juliana White surveyed 251 U.S. small-business owners on online reputation management, Google star ratings, and business performance. Notably, Google star ratings alone didn’t predict performance. What was associated with performance…
Summary Former reality TV star Spencer Pratt is running a surprisingly competitive campaign for Los Angeles mayor ahead of Tuesday’s primary. Pratt has built his campaign around frustrations with housing costs, wildfire recovery and homelessness in the nation’s second-largest city. His message is resonating with voters angered by slow rebuilding after fires that destroyed more…
The technology giant’s boss Jensen Huang called the move the “reinvention of the computer”. Source link
