Anthropic’s soaring sales, steep losses put AI frenzy to IPO test

October 27, 2026 1:14 PM

Anthropic’s soaring sales, steep losses put AI frenzy to IPO test

Anthropic took a big step closer to a potentially record-breaking IPO on Monday, even as it revealed steep losses and security concerns that could test investors' enthusiasm for the AI heavyweight. AI has captured investors' imagination with the promise of a technological leap that could transform businesses, accelerate scientific breakthroughs and unlock vast productivity gains. That has fueled enormous investments in computing infrastructure and AI development, while also stoking skepticism ...

AI Rally Propels Nvidia Toward Historic $5 Trillion Benchmark

October 29, 2025 3:29 PM

AI Rally Propels Nvidia Toward Historic $5 Trillion Benchmark

Nvidia was set to open above a $5 trillion market value on Wednesday, becoming the first company to reach the milestone after a powerful rally that has made the chip designer the centerpiece of the artificial intelligence boom. Shares of the Santa Clara, California-based company jumped 2.8% in premarket trade after CEO Jensen Huang announced $500 billion in AI chip orders and plans to build seven supercomputers for the U.S. government. The milestone marks Nvidia‘s evolution from a niche ...

If Europe builds the gigafactories, will an AI industry come?

March 11, 2025 1:38 PM

If Europe builds the gigafactories, will an AI industry come?

The European Commission is raising $20 billion to construct four "AI gigafactories" as part of Europe's strategy to catch up with the U.S. and China on artificial intelligence, but some industry experts question whether it makes sense to build them. The plan for the large public access data centres, unveiled by European Commission President Ursula von der Leyen last month, will face challenges ranging from obtaining chips to finding suitable sites and electricity. "Even if we would build such ...