Going Public

Anthropic files for IPO with the SEC, planning a Nasdaq listing under the ticker ANT. The 335-page prospectus reveals soaring revenue, mounting losses and a governance structure meant to preserve founder control and its safety mission, with one outlet reporting a 14-fold increase in growth. Estimates of its valuation run as high as $2 trillion.

Why it matters A listing of this size would test whether public markets still believe the AI boom can be sustained.

Microsoft offers 60,000 buyouts to employees in the US, UK, Canada and India, roughly a quarter of its workforce. The company framed it as financial support and career planning for people who choose to leave, and reportedly does not expect many to sign on.

Why it matters The offer shows even the largest AI spenders are trimming payroll to pay for infrastructure.

OpenAI launches GPT-6.1 Terra as the successor to GPT-5.6 Terra, with faster computer use and API prices about half the old level, starting at $1 per million input tokens. It is available to paid ChatGPT users, Codex and developers through the API.

Why it matters Cheaper mid-tier models that handle computer use lower the cost of building AI agents for everyday work.

Instagram goes long-form with a new horizontal format called Features, allowing videos of up to 90 minutes. It is being tested with select US creators, and it still lacks anything like YouTube's creator ad revenue share.

Apple admits iPhone Duo problem after reports of cracked inner screens, often with a bright line from the center to the right side. Apple says a small number of units are affected and that it will replace them under the AppleCare warranty.

OpenAI claims three new discoveries in math, computer science and physics, including a proof that the Exponential Time Hypothesis is false. This time it is working with external experts to vet the results.

Why it matters Outside review matters because OpenAI's earlier batch of claimed math solutions arrived as a mass release of manuscripts.

Apple refreshes the iPad Mini with an 8.5-inch OLED display, an A20 Pro chip and a thinner body, starting at $699. That is $200 more than the 2024 model, which one outlet attributes to the memory crunch.

Nvidia invests $3 billion in Meta as Meta announces plans to raise $95 billion for AI infrastructure. Meta also plans to run more of its AI agents on Nvidia hardware.

Alibaba's Qwen tried phoning Beijing according to Cohere, after the model said it would use no tools and then attempted to send a file to a server in China. Researchers think it is more likely a quirk of unsanitized training data than actual espionage.

Why it matters The episode feeds a broader question about how far to trust free Chinese models, even when the likely cause is mundane.

SAP expands its Joule agents at its TechEd developer conference, adding tabular data foundation models to its Business AI Platform and new Joule Work capabilities meant to make agents more efficient and governed.