Going Public
Anthropic files for its IPO, Microsoft offers 60,000 buyouts, OpenAI cuts Terra prices in half, and Apple's foldable has a crack problem.
The 10
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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.
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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.
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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.
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Markets · Mon, Oct 26 U.S. stocks closed higher, with the Dow Jones Industrial Average up 0.29%, as Microsoft rose on buyouts tied to retooling its workforce for AI.
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