News & Updates
The latest news and updates from companies in the WLTH portfolio.
Stellar Blade: Blood Rain Brings Stylish Combat & Colossal Cityscapes In Reveal Trailer | RPGFan
Shift Up has revealed Stellar Blade: Blood Rain, a sci-fi action RPG sequel set in the universe of 2024's Stellar Blade. The announcement came in the form of a debut trailer, as part of the Summer Game Fest 2026 keynote showcase. It depicts footage of a frankly staggering futuristic cityscape, following the perspective of protagonist Evie as she wends her way through a tailing sequence gone wrong, intermingled with frenetic combat and body horror. Check it out below! Stellar Blade: Blood Rain Reveal Trailer As seen above, Evie wields no weapon except her reinforced fists against enemies that bear a resemblance to the Naytiba -- perennial enemies, large and small, fought in the original Stellar Blade. While there are no combat markers detailed in the footage, it's clear that players will be able to rapidly string combos together, utilising both ground and air punch attacks intermixed with stylish parries, dodges, and cross-ups that work to destabilise and damage enemies. Shift Up has confirmed that they are self-publishing Stellar Blade: Blood Rain and are currently early in development. Presumably, with self-publishing rights, a simultaneous console and PC platform release is likely, though there has been no confirmation as to when it will launch or for which platforms. The developer has released a brief synopsis, however: Stellar Blade: BLOOD RAIN marks the next chapter in the acclaimed action adventure franchise being developed by the original team. Set in the same universe as Stellar Blade, the next installment continues the story beyond the events of the first game, introducing new protagonist Evie and expanding the world in a bold new direction. While the project is still in early development, SHIFT UP has made incredible progress and is looking forward to sharing more details when ready. The team is hard focused on building upon the stylish action, world-building, and core elements that fans have adored from Stellar Blade, while evolving the universe in ambitious new ways. Stellar Blade: Blood Rain Screenshots If you're curious about what RPGFan thought of the first game, check out Des Miller's Stellar Blade review! If music piques your interest, turn your attention to Rob White's trio of soundtrack reviews for Stellar Blade, Stellar Blade PLUS, and Stellar Blade Arranged Tracks. As someone who has seen Stellar Blade from afar, with parts of its music in my workout playlists, it looks like Stellar Blade: Blood Rain is set to continue and improve upon the standard set of staggeringly detailed environments, layered combat, and toe-tapping tunes. RPGFan will be sure to keep an eye on any new information that is revealed as time passes! Stellar Blade: Blood Rain is currently in development. Stellar Blade is available now for PlayStation 5 and PC via Steam. Editor's Note: We're also including the game's first key art below in full, because it deserves to be seen outside of a gallery block:
SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire
By ALEX VEIGA and BERNARD CONDON, AP Business Writers NEW YORK (AP) -- SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece in an initial public offering. The estimated proceeds would easily top the $26 billion raised by oil giant Saudi Aramco in 2019. The offering would also give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia tops at $5.2 trillion. Besides the size of the offering and the expected proceeds, SpaceX's amended prospectus updates details about how much control of the company Musk will have. As SpaceX's CEO, chief technical officer and chairman, Musk's voting power will come primarily through his ownership of 5.22 billion Class B shares, which give the holder 10 votes for every share held. According to the filing, Musk would have 82.4% of the voting power in the company. Forbes currently values Musk's net worth at $826 billion and his stake in SpaceX at $542 billion. The estimated value of his SpaceX holdings was based on an overall value for the company of $1.25 trillion. Based on those numbers, a $1.77 trillion valuation for SpaceX would boost Musk's net worth by $223 billion, making him a trillionaire. However, much of Musk's worth is in stock that he has yet to cash in. Even as it makes a bid for a blockbuster market debut, SpaceX is currently losing billions of dollars a year. The filing shows that the company lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too. Fantastical plans Time will tell how SpaceX fares on the market. Musk's plans for the company are as fantastical as the money he hopes raise in the sale. Colorful, even frightening in parts, the IPO document strikes a contrast with the typically dry, technical prose in IPO documents, detailing plans to use proceeds from the sale to help put men on the moon again and perhaps even Mars. In one section, it talks of a need to build "a permanent human colony" on the red planet with "at least one million inhabitants" as existential threats loom that could consign man to "the same fate as the dinosaurs." Musk has almost equally ambitious plans for his other publicly traded company, Tesla. His goal is to transform the maker of electric vehicles into a producer of robotaxis and humanoid robots. Dan Ives of Wedbush Securities wrote in a research note that he expects Tesla and SpaceX to merge next year. AI plays a key role Key to the success of both companies -- and any merged entity -- is artificial intelligence. In its IPO filing, SpaceX says it sees potential revenue from AI of up to $26.5 trillion. But that depends on another lofty Musk ambition -- putting data centers in space, which is not technologically possible at the moment. Transforming his space company into a primarily AI-focused company will be a challenge for Musk, who started xAI in 2023 with 11 other co-founders who have all since left. Some were recruited away by rivals. Its main AI product, the chatbot Grok, is "less impressive than anything that we see from any other major player in the space, whether that's OpenAI, or Anthropic, or (Google's) Gemini," said IDC analyst Arnal Dayaratna. Dayaratna said that doesn't mean SpaceX doesn't have potential as a major AI player, thanks in part to its computing partnership with Anthropic and Musk's recent deal that gave SpaceX the rights to buy AI coding tool Cursor for $60 billion later this year. Folding in Cursor's capabilities would give SpaceX access to the coveted business customers now using Anthropic's Claude or OpenAI's ChatGPT. SpaceX plans to use the net proceeds from the IPO to fund the expansion of infrastructure for its AI and rocket businesses, and to beef up the constellation of satellites that power Starlink Mobile, among other investments. The company plans to list on the Nasdaq under the symbol "SPCX" and could begin trading as soon as the end of next week. And SpaceX isn't the only colossal market debut investors are now bracing for. Earlier this week, Anthropic submitted a confidential filing with the U.S. Securities and Exchange Commission to officially start its own IPO clock. OpenAI has not yet reported filing the initial SEC paperwork, but an IPO from the ChatGPT maker is widely expected. "This listing represents the first major test for public markets after years of muted IPO activity with SpaceX paving the way for AI giants Anthropic and OpenAI to follow soon after," Ives wrote. Associated Press Technology Writer Matt O'Brien contributed.
SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire
By ALEX VEIGA and BERNARD CONDON, AP Business Writers NEW YORK (AP) -- SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece in an initial public offering. The estimated proceeds would easily top the $26 billion raised by oil giant Saudi Aramco in 2019. The offering would also give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia tops at $5.2 trillion. Besides the size of the offering and the expected proceeds, SpaceX's amended prospectus updates details about how much control of the company Musk will have. As SpaceX's CEO, chief technical officer and chairman, Musk's voting power will come primarily through his ownership of 5.22 billion Class B shares, which give the holder 10 votes for every share held. According to the filing, Musk would have 82.4% of the voting power in the company. Forbes currently values Musk's net worth at $826 billion and his stake in SpaceX at $542 billion. The estimated value of his SpaceX holdings was based on an overall value for the company of $1.25 trillion. Based on those numbers, a $1.77 trillion valuation for SpaceX would boost Musk's net worth by $223 billion, making him a trillionaire. However, much of Musk's worth is in stock that he has yet to cash in. Even as it makes a bid for a blockbuster market debut, SpaceX is currently losing billions of dollars a year. The filing shows that the company lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too. Fantastical plans Time will tell how SpaceX fares on the market. Musk's plans for the company are as fantastical as the money he hopes raise in the sale. Colorful, even frightening in parts, the IPO document strikes a contrast with the typically dry, technical prose in IPO documents, detailing plans to use proceeds from the sale to help put men on the moon again and perhaps even Mars. In one section, it talks of a need to build "a permanent human colony" on the red planet with "at least one million inhabitants" as existential threats loom that could consign man to "the same fate as the dinosaurs." Musk has almost equally ambitious plans for his other publicly traded company, Tesla. His goal is to transform the maker of electric vehicles into a producer of robotaxis and humanoid robots. Dan Ives of Wedbush Securities wrote in a research note that he expects Tesla and SpaceX to merge next year. AI plays a key role Key to the success of both companies -- and any merged entity -- is artificial intelligence. In its IPO filing, SpaceX says it sees potential revenue from AI of up to $26.5 trillion. But that depends on another lofty Musk ambition -- putting data centers in space, which is not technologically possible at the moment. Transforming his space company into a primarily AI-focused company will be a challenge for Musk, who started xAI in 2023 with 11 other co-founders who have all since left. Some were recruited away by rivals. Its main AI product, the chatbot Grok, is "less impressive than anything that we see from any other major player in the space, whether that's OpenAI, or Anthropic, or (Google's) Gemini," said IDC analyst Arnal Dayaratna. Dayaratna said that doesn't mean SpaceX doesn't have potential as a major AI player, thanks in part to its computing partnership with Anthropic and Musk's recent deal that gave SpaceX the rights to buy AI coding tool Cursor for $60 billion later this year. Folding in Cursor's capabilities would give SpaceX access to the coveted business customers now using Anthropic's Claude or OpenAI's ChatGPT. SpaceX plans to use the net proceeds from the IPO to fund the expansion of infrastructure for its AI and rocket businesses, and to beef up the constellation of satellites that power Starlink Mobile, among other investments. The company plans to list on the Nasdaq under the symbol "SPCX" and could begin trading as soon as the end of next week. And SpaceX isn't the only colossal market debut investors are now bracing for. Earlier this week, Anthropic submitted a confidential filing with the U.S. Securities and Exchange Commission to officially start its own IPO clock. OpenAI has not yet reported filing the initial SEC paperwork, but an IPO from the ChatGPT maker is widely expected. "This listing represents the first major test for public markets after years of muted IPO activity with SpaceX paving the way for AI giants Anthropic and OpenAI to follow soon after," Ives wrote. Associated Press Technology Writer Matt O'Brien contributed.
SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire
By ALEX VEIGA and BERNARD CONDON, AP Business Writers NEW YORK (AP) -- SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece in an initial public offering. The estimated proceeds would easily top the $26 billion raised by oil giant Saudi Aramco in 2019. The offering would also give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia tops at $5.2 trillion. Besides the size of the offering and the expected proceeds, SpaceX's amended prospectus updates details about how much control of the company Musk will have. As SpaceX's CEO, chief technical officer and chairman, Musk's voting power will come primarily through his ownership of 5.22 billion Class B shares, which give the holder 10 votes for every share held. According to the filing, Musk would have 82.4% of the voting power in the company. Forbes currently values Musk's net worth at $826 billion and his stake in SpaceX at $542 billion. The estimated value of his SpaceX holdings was based on an overall value for the company of $1.25 trillion. Based on those numbers, a $1.77 trillion valuation for SpaceX would boost Musk's net worth by $223 billion, making him a trillionaire. However, much of Musk's worth is in stock that he has yet to cash in. Even as it makes a bid for a blockbuster market debut, SpaceX is currently losing billions of dollars a year. The filing shows that the company lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too. Fantastical plans Time will tell how SpaceX fares on the market. Musk's plans for the company are as fantastical as the money he hopes raise in the sale. Colorful, even frightening in parts, the IPO document strikes a contrast with the typically dry, technical prose in IPO documents, detailing plans to use proceeds from the sale to help put men on the moon again and perhaps even Mars. In one section, it talks of a need to build "a permanent human colony" on the red planet with "at least one million inhabitants" as existential threats loom that could consign man to "the same fate as the dinosaurs." Musk has almost equally ambitious plans for his other publicly traded company, Tesla. His goal is to transform the maker of electric vehicles into a producer of robotaxis and humanoid robots. Dan Ives of Wedbush Securities wrote in a research note that he expects Tesla and SpaceX to merge next year. AI plays a key role Key to the success of both companies -- and any merged entity -- is artificial intelligence. In its IPO filing, SpaceX says it sees potential revenue from AI of up to $26.5 trillion. But that depends on another lofty Musk ambition -- putting data centers in space, which is not technologically possible at the moment. Transforming his space company into a primarily AI-focused company will be a challenge for Musk, who started xAI in 2023 with 11 other co-founders who have all since left. Some were recruited away by rivals. Its main AI product, the chatbot Grok, is "less impressive than anything that we see from any other major player in the space, whether that's OpenAI, or Anthropic, or (Google's) Gemini," said IDC analyst Arnal Dayaratna. Dayaratna said that doesn't mean SpaceX doesn't have potential as a major AI player, thanks in part to its computing partnership with Anthropic and Musk's recent deal that gave SpaceX the rights to buy AI coding tool Cursor for $60 billion later this year. Folding in Cursor's capabilities would give SpaceX access to the coveted business customers now using Anthropic's Claude or OpenAI's ChatGPT. SpaceX plans to use the net proceeds from the IPO to fund the expansion of infrastructure for its AI and rocket businesses, and to beef up the constellation of satellites that power Starlink Mobile, among other investments. The company plans to list on the Nasdaq under the symbol "SPCX" and could begin trading as soon as the end of next week. And SpaceX isn't the only colossal market debut investors are now bracing for. Earlier this week, Anthropic submitted a confidential filing with the U.S. Securities and Exchange Commission to officially start its own IPO clock. OpenAI has not yet reported filing the initial SEC paperwork, but an IPO from the ChatGPT maker is widely expected. "This listing represents the first major test for public markets after years of muted IPO activity with SpaceX paving the way for AI giants Anthropic and OpenAI to follow soon after," Ives wrote. Associated Press Technology Writer Matt O'Brien contributed.
SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire
NEW YORK -- SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece in an initial public offering. The estimated proceeds would easily top the $26 billion raised by oil giant Saudi Aramco in 2019. The offering would also give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia tops at $5.2 trillion. Besides the size of the offering and the expected proceeds, SpaceX's amended prospectus updates details about how much control of the company Musk will have. As SpaceX's CEO, chief technical officer and chairman, Musk's voting power will come primarily through his ownership of 5.22 billion Class B shares, which give the holder 10 votes for every share held. According to the filing, Musk would have 82.4% of the voting power in the company. Forbes currently values Musk's net worth at $826 billion and his stake in SpaceX at $542 billion. The estimated value of his SpaceX holdings was based on an overall value for the company of $1.25 trillion. Based on those numbers, a $1.77 trillion valuation for SpaceX would boost Musk's net worth by $223 billion, making him a trillionaire. However, much of Musk's worth is in stock that he has yet to cash in. Even as it makes a bid for a blockbuster market debut, SpaceX is currently losing billions of dollars a year. The filing shows that the company lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too. Fantastical plans Time will tell how SpaceX fares on the market. Musk's plans for the company are as fantastical as the money he hopes raise in the sale. Colorful, even frightening in parts, the IPO document strikes a contrast with the typically dry, technical prose in IPO documents, detailing plans to use proceeds from the sale to help put men on the moon again and perhaps even Mars. In one section, it talks of a need to build "a permanent human colony" on the red planet with "at least one million inhabitants" as existential threats loom that could consign man to "the same fate as the dinosaurs." Musk has almost equally ambitious plans for his other publicly traded company, Tesla. His goal is to transform the maker of electric vehicles into a producer of robotaxis and humanoid robots. Dan Ives of Wedbush Securities wrote in a research note that he expects Tesla and SpaceX to merge next year. AI plays a key role Key to the success of both companies -- and any merged entity -- is artificial intelligence. In its IPO filing, SpaceX says it sees potential revenue from AI of up to $26.5 trillion. But that depends on another lofty Musk ambition -- putting data centers in space, which is not technologically possible at the moment. Transforming his space company into a primarily AI-focused company will be a challenge for Musk, who started xAI in 2023 with 11 other co-founders who have all since left. Some were recruited away by rivals. Its main AI product, the chatbot Grok, is "less impressive than anything that we see from any other major player in the space, whether that's OpenAI, or Anthropic, or (Google's) Gemini," said IDC analyst Arnal Dayaratna. Dayaratna said that doesn't mean SpaceX doesn't have potential as a major AI player, thanks in part to its computing partnership with Anthropic and Musk's recent deal that gave SpaceX the rights to buy AI coding tool Cursor for $60 billion later this year. Folding in Cursor's capabilities would give SpaceX access to the coveted business customers now using Anthropic's Claude or OpenAI's ChatGPT. SpaceX plans to use the net proceeds from the IPO to fund the expansion of infrastructure for its AI and rocket businesses, and to beef up the constellation of satellites that power Starlink Mobile, among other investments. The company plans to list on the Nasdaq under the symbol "SPCX" and could begin trading as soon as the end of next week. And SpaceX isn't the only colossal market debut investors are now bracing for. Earlier this week, Anthropic submitted a confidential filing with the U.S. Securities and Exchange Commission to officially start its own IPO clock. OpenAI has not yet reported filing the initial SEC paperwork, but an IPO from the ChatGPT maker is widely expected. "This listing represents the first major test for public markets after years of muted IPO activity with SpaceX paving the way for AI giants Anthropic and OpenAI to follow soon after," Ives wrote.
Necessary costs for Russia to compete with ChatGPT, Anthropic may exceed $100 billion
MOSCOW, June 3. /TASS/. The minimum necessary investment to create and maintain a competitive world-class large language model in Russia would exceed $10 billion, Senior Vice President of AFK Sistema, Evgeny Chereshnev, told TASS ahead of the St. Petersburg International Economic Forum (SPIEF). According to him, the total volume of necessary investment in artificial intelligence and related infrastructure when creating such a model could reach $100 billion. According to Chereshnev's calculations, training a modern typical model with 1.7-2 trillion parameters costs developers about $100 million per cycle. If the complexity of models increases to 100 trillion parameters in the near future, the price would reach $10 billion per cycle. "Models have 2-4 major updates per year, meaning the same number of cycles, and this is a permanent process," Chereshnev emphasized. In addition to costs, the electricity consumption for one training cycle of a hypothetical 100 trillion parameter model will increase. According to AFK Sistema's estimates, it would be comparable to the annual consumption of Estonia or Slovenia. Chereshnev called international cooperation a solution to the funding problem. "Russia must unite with other countries in a similar situation of potential dependence on AI technologies from the US and China, on the terms of a fair consortium -- what is available to one is available to all. This strategy has a chance of success, but requires colossal focus, will, professionalism, and an understanding of the real scale of funding," he told TASS.
Piers Morgan Decries Cenk Uygur and Hasan Piker's UK Visa Ban: 'A Colossal Embarrassment'
"By this standard, half of the guests on the show would be banned from Britain," the conservative news host says Piers Morgan criticized the British government for banning controversial internet personalities Cenk Uygur and Hasan Piker from entering the United Kingdom over their anti-Israel sentiments. "There is a huge difference between criticizing the actions of a nationstate and its government and the hate-filled diatribes of Kanye West or Valentina Gomez," he said on Monday's episode of "Piers Morgan Uncensored." "But my country is losing the ability to see that difference. It won't be long before that's something, which threatens all of us." Uygur and his nephew Piker were banned from traveling to the U.K. just days ahead of their scheduled appearance at SXSW London, stating that British authorities cited their public criticisms of Israel. Uygur, co-founder of The Young Turks and a resolute critic of Israel, has been a regular guest on Morgan's program. The British conservative news host even posited that some of Uygur's comments made on the show may have led to him being banned from entering the county. "You may not agree with any of Cenk's positions, but anyone with even the faintest grasp on popular discourse will know they are mainstream opinions, which are freely debated almost every single day," Morgan said. "By this standard, half of the guests on the show would be banned from Britain." Uygur had previously appeared on Morgan's show and said he intended to "greatly offend Israel" and was not sure if he would be arrested for his views. Morgan further defended his repeat guest saying that his rhetoric is not that of "an extremist or a dangerous purveyor of threatening hate speech." "He's mainstream enough to appear along leading Democrats like Ro Khanna and AOC but apparently he's too hot for we Brits to handle," Morgan said. Uygur appeared on "Piers Morgan Uncensored" Monday claiming that the British government claimed he criticized Israel "in the wrong ways." "Over 60% of Americans are critical of Israel, will we all be banned from the U.K.?" he asked. "Can they put out a list of things you're not allowed to say about Israel?" He also pointed at the irony that the British government banned him for entering the country for saying that their government was "controlled by Israel." "Didn't you just prove it?" he said. His nephew, and left-wing political commentator, Piker criticized SXSW for not coming to his defense after being banned from entering the country. Piker said on a Twitch stream Monday that the festival removed his speaker page from the website. "SXSW was a minor part of my trip to the U.K.," Piker wrote on X Monday. "They totally didn't defend me or Cenk at all, they're actual f-king losers and I will never work with them for the rest of my life. If you bought a ticket expecting to see me you should demand a refund." Both SXSW London and the U.K.'s Parliament as the Home Department have issued statements following Uygur and Piker's posts. The Home Office explained that the decision was based "on the grounds that their presence in the U.K. may not be conducive to the public good," adding, "decisions to refuse or cancel an ETA on these grounds are based solely on an assessment of the potential risk an individual may pose to U.K. society." You can watch the full segment in the video above.
How Anthropic suddenly became worth almost $1 Trillion
A jaw-dropping $965 billion valuation now puts Anthropic ahead of OpenAI -- and signals a seismic shift in who controls the future of artificial intelligence. Anthropic has announced a new funding milestone that places it firmly at the top of the generative artificial intelligence race, raising $65 billion in a Series H round that values the San Francisco-based company at $965 billion -- surpassing its most formidable rival, OpenAI, which was last valued at $852 billion in March. Anthropic's Valuation More Than Doubles in Months The numbers are staggering by any measure. Just three months ago, in February, Anthropic was valued at $380 billion. That the company has more than doubled that figure -- reaching nearly a trillion dollars -- in such a compressed window underscores how ferociously investors are chasing stakes in frontier AI companies. The latest round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, with Coatue and ICONIQ serving as co-leads. Embedded within that $65 billion are $15 billion in previously committed investments from major cloud hyperscalers, including a $5 billion contribution from Amazon. That investment is part of Amazon's broader pledge to pour up to $25 billion into Anthropic, a bet that comes alongside the startup's commitment to spend more than $100 billion over the next decade on Amazon Web Services infrastructure -- a figure that speaks to the colossal, almost incomprehensible costs now underpinning the AI industry. Claude Demand Is Outpacing Supply The financing comes at a moment of genuine strain for the company. Demand for Claude, Anthropic's flagship AI assistant, has outrun the company's ability to deliver it. In recent months, Anthropic has been forced to implement usage limits during peak hours -- a rare and telling admission from a company otherwise projecting confidence. To smooth out the congestion, the company began offering users more computing power during off-peak windows, an incentive structure that speaks to just how tight its capacity constraints have become. Revenue figures suggest demand is no illusion. Anthropic reported that its annualized run-rate revenue crossed $4.7 billion earlier in May, a figure that reflects accelerating adoption among enterprise customers globally. That trajectory makes the company's near-trillion-dollar valuation more than speculative sentiment -- it reflects a business that is, by AI-industry standards, genuinely scaling. Strategic Hardware Partners Join the Round Notably, Anthropic's infrastructure partners -- Micron, Samsung, and SK Hynix -- also participated in the funding round. Their involvement signals that the company's ambitions extend well beyond software. Building frontier AI models demands enormous volumes of specialized memory chips, and having the manufacturers of those components as investors creates a supply-chain alignment that few competitors can match. An IPO on the Horizon for Anthropic For all the private-market momentum, attention is increasingly turning toward what comes next. According to people familiar with the company's thinking, Anthropic is laying groundwork for an eventual public listing -- a move that investors and bankers say could come as soon as this year. OpenAI is reportedly on a parallel path, raising the prospect of two landmark AI IPOs arriving in close succession, each testing how public markets value the promise of artificial general intelligence against the reality of enormous ongoing costs. The rivalry between Anthropic and OpenAI has never been sharper. Both companies continue burning through massive amounts of capital as they race to train and deploy increasingly powerful AI models while competing for the same enterprise customers, cloud partnerships, and elite research talent. Anthropic's latest valuation does not settle the battle -- it raises the stakes. After years of being viewed as the insurgent challenger, Anthropic now carries the bigger valuation, signaling a major turning point in the AI race and intensifying an already fierce competition between two of the industry's most influential players.
