News & Updates
The latest news and updates from companies in the WLTH portfolio.
SpaceX Falcon 9 launch lights up Central California sky - VIDEO | News.az
A spectacular sight over Central California left many residents asking, "What was that?" The display appeared as a towering plume of white smoke dotted with glowing spots -- an unmistakable sign of a SpaceX Falcon 9 rocket launch from Vandenberg Space Force Base along the Central Coast, News.Az reports, citing foreign media. The rocket was carrying 25 Starlink satellites into low-Earth orbit. About two and a half minutes after launch, the rocket's first and second stages separated. The second stage continued into space, while the first stage safely returned to Earth, landing on a drone ship off the coast of Baja California, Mexico. While SpaceX typically launches from Vandenberg about once a week, this launch stood out due to the clear skies and the timing just after sunset. The rocket caught sunlight at higher altitudes, making it highly visible across much of the Valley and creating a memorable spectacle for onlookers.
Broadcom Locks In Google AI Chip Deal Through 2031, Adds Anthropic Pact
Broadcom and Google have agreed to a multi-year partnership that will keep the chipmaker deeply embedded in Google's AI hardware roadmap. Under the deal announced this Monday, Broadcom will design and supply future generations of custom AI processors and related components for Google's next-generation AI server racks through 2031. Key Takeaways: * Broadcom will develop and supply custom AI chips for Google's next-gen AI racks through 2031, cementing a long-term hardware partnership. * Anthropic secured access to roughly 3.5 gigawatts of AI computing capacity powered by Google's processors, starting in 2027. * Anthropic's annualized revenue has tripled -- from about $9 billion at the end of 2025 to over $30 billion in run-rate revenue in 2026. Alongside that announcement, Broadcom revealed a separate agreement with Anthropic. That deal gives the AI startup access to approximately 3.5 gigawatts of AI computing capacity built on Google's processors, with delivery starting in 2027. Neither deal included publicly disclosed financial terms. Investors liked what they saw. Broadcom shares climbed about 3% in after-hours trading following the announcements. The agreements arrive at a time when demand for custom silicon -- particularly Google's tensor processing units, or TPUs -- has grown sharply. Companies hunting for alternatives to Nvidia's expensive GPUs have turned to purpose-built chips as a way to run AI workloads more cost-effectively. Reuters reported in December that Google was actively working to position its TPUs as a genuine competitor to Nvidia's dominant GPU lineup. TPU revenue has since become a vital growth engine inside Google's cloud division, helping the company demonstrate that its massive AI spending is producing real financial returns. For Anthropic, the Broadcom deal fits into a broader infrastructure push. The company said Monday that the new computing capacity agreement builds on its commitment to invest $50 billion in U.S. computing infrastructure. The numbers back up the urgency. Anthropic reported that demand for its AI model Claude has accelerated rapidly in 2026. The startup's annualized revenue has surged past $30 billion, roughly tripling from the $9 billion run rate it posted at the end of 2025. Despite this new deal with Google-powered hardware through Broadcom, Anthropic continues to spread its bets across chip vendors. The company trains and runs Claude on a mix of hardware: Amazon Web Services' Trainium processors, Google TPUs, and Nvidia GPUs. Amazon remains Anthropic's primary cloud provider and training partner.
Anthropic Signs Compute Deal with Google and Broadcom as Run-Rate Revenue Exceeds $30B
Anthropic has officially signed a massive compute deal with Google and Broadcom to create multiple gigawatts of AI processing power using TPUs. This will allow the company to power its future Claude language models. The company says that the processing facilities should be online by 2027. The push for more AI compute is getting serious The announcement follows a significant increase in the demand for Anthropic's Claude models in 2026. Notably, the company also announced that it has surpassed $30 billion run-rate revenue mark, almost tripling the $9 billion reported in 2025. Additionally, the company saw a doubling of the number of organizations paying them over $1 million annually, climbing to more than 1,000 in the last few months. This new agreement builds on Anthropic's earlier partnerships, especially with Google Cloud and Broadcom. Most of the new infrastructure will be based in the United States, expanding its earlier $50 billion commitment toward domestic compute investments. Anthropic is not relying on a single ecosystem either. It continues to train and run Claude across multiple platforms, including AWS Trainium, Google TPUs, and NVIDIA GPUs. This multi-platform approach likely helps balance performance, cost, and reliability depending on workload needs. Speaking of competition, this move highlights how aggressively AI companies are locking in compute supply. Google strengthens its TPU position here, while Broadcom benefits from deeper infrastructure integration. At the same time, Amazon remains Anthropic's primary cloud partner through AWS and Project Rainier. Claude also stands out as one of the few frontier models available across all major cloud platforms, including AWS Bedrock, Google Vertex AI, and Microsoft Azure. All that said, it's still early to tell how this capacity will translate into real-world performance gains. The 2027 timeline suggests a longer runway, and demand may shift further by then.
Travel chaos looms over twin cyclone threat
Twin severe tropical cyclones hanging above Australia's northeast coast are threatening to cause travel havoc for a popular tourist destination. The Department of Foreign Affairs and Trade have issued a warning for Australians planning to travel to Fiji, as the popular tourist destination is set to be battered by category three Tropical Cyclone Vaianu. DFAT's Smartraveller advice says TC Vaianu will bring heavy rain, flash flooding and strong winds as it sweeps south toward New Zealand. "Flights may be delayed or cancelled, and essential services may be disrupted," DFAT said. "Know your accommodation's evacuation plan. "If a cyclone is approaching your area, find your nearest shelter and follow the advice of local authorities." DFAT urged those travelling to Fiji to contact their airline and accommodation provider to find out how their travel plans are likely to be affected. Fiji has been hit hard by cyclones in the past, such as in 2016 when tropical cyclone Winston killed 44 people. Vaianu is expected to hit New Zealand's north island, including Auckland, over the weekend, but its intensity is likely to have decreased below tropical cyclone levels by then. Maila - a category 3 cyclone - is currently drifting east of Papua New Guinea atop the Solomon Islands and could make landfall in north Queensland on the weekend as well. "Severe Tropical Cyclone Maila is currently located in the Solomon Sea," the Bureau of Meteorology said. "The steering influences are balanced and Maila is expected to be slow moving over the Solomon Sea before moving west southwest by Thursday. "Maila is expected to remain well away from the Queensland coast during the next few days, but from late week Maila is forecast to be moving towards the far north Queensland coast, potentially crossing the coast on the weekend or early next week." It is unknown how powerful cyclone Maila will be when it crosses the Australian coastline.
Além de Elon Musk: ações que podem sair vencedoras com o IPO da SpaceX
A estreia da SpaceX no mercado de ações já está provocando as habituais manchetes sobre a fortuna de Elon Musk. Mas a questão mais interessante para investidores pode ser quais empresas listadas poderiam se beneficiar com isso. Se a SpaceX for ao mercado por algo próximo às avaliações agora em discussão, o beneficiário mais evidente no mercado público seria Alphabet, que já é acionista da companhia. Nvidia, por contraste, parece mais uma aposta de segunda ordem. O gigante de chips se beneficiaria não com a listagem em si, mas com o quão agressivamente a SpaceX gastar em inteligência artificial após levantar novo capital. SpaceX is targeting a $75 billion IPO and a valuation of up to $1.75 trillion, which would make it the largest listing in history. Alphabet stock: The clearest winner Alphabet has the strongest case as a direct beneficiary because it is not merely linked to SpaceX thematically, it is an actual shareholder. Google and Fidelity invested about $1 billion in SpaceX and collectively own just under 10% of the company. The exact size of Alphabet's current stake is not public, but that early investment gives it genuine ownership exposure to any repricing that comes with an IPO. The gains are already visible as Alphabet's first-quarter profit was boosted by an $8 billion unrealized gain tied to an investment in a private company that a person familiar with the matter identified as SpaceX. Nvidia stock is a supplier play Nvidia's link to a SpaceX IPO is less direct, but still worth watching. The company does not own a slice of SpaceX, so it would not gain from the listing in the same way Alphabet could. Its upside depends on whether SpaceX uses new capital to push harder into AI infrastructure, especially after merging with Musk's xAI earlier this year. Musk has repeatedly said that SpaceX AI and Tesla would continuariam a comprar chips da Nvidia "em grande escala", um sinal de que a Nvidia continua central para a infraestrutura de computação. SpaceX's business is no longer just about rockets and satellites. The company, which generated about $8 billion in EBITDA on $15 billion to $16 billion in revenue in 2025, is also leaning into AI initiatives after the xAI combination. Who gains beyond the IPO pop? The broader significance of a SpaceX IPO is that it could reshape how public investors think about exposure to the Elon Musk ecosystem. A listing would offer direct access to a company that dominates commercial launches and satellite internet through Starlink. That in turn creates different layers of opportunity in the stock market, for Alphabet as a direct owner, and Nvidia as a supplier that could ride any post-IPO surge in AI spending.
Anthropic partners with Broadcom and Google for AI chips - Latest News
Anthropic has announced a deal with Google and Broadcom for a massive infusion of computing capacity as demand for the startup's artificial intelligence offerings soars. The San Francisco-based AI firm is on pace to bring in some $30 billion in revenue this year, up from a $9 billion "run-rate" at the end of last year, it said in a blog post. "We are making our most significant compute commitment to date to keep pace with our unprecedented growth," Anthropic chief financial officer Krishna Rao said in the blog post. "We are building the capacity necessary to serve the exponential growth we have seen in our customer base while also enabling Claude to define the frontier of AI development." Broadcom has entered a long-term agreement with Google to supply future generations of the internet giant's tensor processing units (TPUs) tailored to power AI in datacenters, according to a filing with the Securities and Exchange Commission. Separately, Broadcom and Google expanded a collaboration to give Anthropic access to about 3.5 gigawatts of TPU-based compute capacity to start coming online next year, the filing indicated. Most of the TPU compute power will be sited in the U.S., according to the startup. Anthropic has been locked in a dispute with the U.S. government since the company infuriated Pentagon chief Pete Hegseth by insisting its technology should not be used for mass surveillance or fully autonomous weapons systems.
FT: Jeff Bezos' Project Prometheus taps xAI co-founder Kyle Kosic
Kosic will work on AI infrastructure projects at Prometheus, sources said. xAI co-founder Kyle Kosic has left his role at OpenAI to join Jeff Bezos' Project Prometheus, reported the Financial Times. Kosic's departure from xAI in 2024 marked the first of an exodus, which saw the company's 11th co-founder reportedly leave late last month, leaving Musk as the sole founding member left. Kosic joined OpenAI shortly after. According to sources, he will work on AI infrastructure projects at Prometheus. News of Bezos' AI venture, codenamed Project Prometheus, surfaced last November. Bezos co-founded the company with former Google Life Sciences executive Vik Bajaj. The company builds AI that assists engineering and manufacturing in a number of sectors, including in computers, aerospace and automobiles. It has already reportedly amassed billions, partly funded by Bezos. Now, the Financial Times reports that the two co-founders are leading efforts to raise "tens of billions of dollars or more" to acquire parts of companies likely to be disrupted by AI. The company is also discussing investments with sovereign investment funds, including from Singapore and Gulf nations, the publication added. Additionally, it plans to collect stakes in companies across its target sectors for AI training data. Prometheus had already hired around 100 employees across San Francisco, London and Zurich by November last year, including researchers from OpenAI, Google DeepMind and Meta. Sources said that the company is hiring people with experience "building out massive infrastructure projects". Earlier this year, Jezz Bezos' other venture Blue Origin announced a new satellite internet network called TeraWave, promising to deliver connection speeds of up to 6Tbps anywhere on Earth. Currently, the satellite internet service sector is dominated by SpaceX's Starlink, with its 9,000-plus satellites and roughly 9m customers. TeraWave, meanwhile, is planning a constellation of 5,408 satellites. Don't miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic's digest of need-to-know sci-tech news. Jeff Bezos. Image: Daniel Oberhaus, 2019 via Flickr (CC BY 2.0)
Travel chaos looms over twin cyclone threat
Add Yahoo as a preferred source to see more of our stories on Google. Twin severe tropical cyclones hanging above Australia's northeast coast are threatening to cause travel havoc for a popular tourist destination. The Department of Foreign Affairs and Trade have issued a warning for Australians planning to travel to Fiji, as the popular tourist destination is set to be battered by category three Tropical Cyclone Vaianu. DFAT's Smartraveller advice says TC Vaianu will bring heavy rain, flash flooding and strong winds as it sweeps south toward New Zealand. "Flights may be delayed or cancelled, and essential services may be disrupted," DFAT said. "Know your accommodation's evacuation plan. "If a cyclone is approaching your area, find your nearest shelter and follow the advice of local authorities." DFAT urged those travelling to Fiji to contact their airline and accommodation provider to find out how their travel plans are likely to be affected. Fiji has been hit hard by cyclones in the past, such as in 2016 when tropical cyclone Winston killed 44 people. Vaianu is expected to hit New Zealand's north island, including Auckland, over the weekend, but its intensity is likely to have decreased below tropical cyclone levels by then. Maila - a category 3 cyclone - is currently drifting east of Papua New Guinea atop the Solomon Islands and could make landfall in north Queensland on the weekend as well. "Severe Tropical Cyclone Maila is currently located in the Solomon Sea," the Bureau of Meteorology said. "The steering influences are balanced and Maila is expected to be slow moving over the Solomon Sea before moving west southwest by Thursday. "Maila is expected to remain well away from the Queensland coast during the next few days, but from late week Maila is forecast to be moving towards the far north Queensland coast, potentially crossing the coast on the weekend or early next week." It is unknown how powerful cyclone Maila will be when it crosses the Australian coastline.
MacCap hypes up local super funds ahead of SpaceX's $2.5 trillion IPO
Macquarie Capital's equity capital markets team is warming up Australia's $4.5 trillion superannuation system ahead of Elon Musk's $US2 trillion ($2.9 trillion) float of SpaceX. Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at [email protected] Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at [email protected] Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at [email protected]
How to Invest in SpaceX Pre-IPO Via ETFs | Investing.com
We are heading into what could be one of the biggest IPO cycles in recent memory. There is no shortage of high-profile, innovative companies expected to debut, but unlike past cycles where valuations were in the billions, this time we are talking about trillion-dollar candidates. Names like OpenAI, Anthropic, and SpaceX, which recently merged with xAI, are all being closely watched. SpaceX, in particular, stands out. Estimates for a potential IPO have ranged from $1 trillion to $2 trillion, which would set a record and force index providers to rethink how they handle inclusion and weighting for companies of that size. Some have already started adjusting their rules to allow for smoother entry when the time comes. Still, there are ways for investors to get exposure before any IPO actually happens. This is not about being an accredited investor or gaining access through interval funds or closed-end funds. A lesser-known route is through certain ETFs that can allocate a portion of their portfolio to private companies. Under SEC Rule 22e-4, ETFs are allowed to hold up to 15% of their assets in illiquid investments. That includes private companies like SpaceX. That said, there are trade-offs. These ETFs often come with higher fees, and in some cases, they do not hold SpaceX shares directly. Instead, they gain exposure through special purpose vehicles, or SPVs, which can introduce additional layers of complexity. You may also encounter wider bid-ask spreads. With that in mind, here are four of the more notable ETF options that currently offer some level of pre-IPO exposure to SpaceX. ERShares Private-Public Crossover ETF (NASDAQ:XOVR) is easily the most notable example in this space. Since transitioning into its current form on August 29, 2024, the fund has grown to just under $1.5 billion in assets under management. It holds 33 positions and charges a 0.75% expense ratio. The strategy is split into two parts. The public sleeve is unremarkable, with holdings like NVIDIA (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Ubiquiti Networks (NYSE:UI), Arista Networks (NYSE:ANET), Palantir Technologies (NASDAQ:PLTR), Interactive Brokers (NASDAQ:IBKR), Alphabet (NASDAQ:GOOGL), and Tesla (NASDAQ:TSLA). The real story is the private sleeve. XOVR holds exposure to both SpaceX and Anduril, with SpaceX accessed through a special purpose vehicle. But here is where things get interesting. As of April 2, SpaceX exposure had grown to 42.7% of the portfolio, which is far above the 15% cap typically associated with illiquid assets under SEC Rule 22e-4. So, what happened? As Sumit Roy at ETF.com pointed out, the issue came down to outflows. When investors redeem shares, the fund manager needs to sell holdings. Public equities are easy to offload thanks to the ETF in-kind creation and redemption mechanism. Private holdings are not. As a result, when outflows occur, the liquid public sleeve shrinks while the illiquid private sleeve stays relatively fixed. That imbalance causes the private allocation to rise as a percentage of the portfolio. In this case, it rose significantly above the intended threshold. It is a good reminder that while the 15% limit exists as a cap, staying well below it may be more practical for ETF issuers when dealing with less liquid assets. Baron Capital First Principles ETF (NYSE:RONB) is an actively managed ETF that, according to Baron Capital, "invests in businesses with the potential for significant growth, durable competitive advantages, and strong management teams." It is primarily focused on U.S. equities and has the ability to use leverage up to one-third of total assets. Liquidity has been solid, with a 0.09% 30-day median bid-ask spread, but the fund itself is relatively small at about $70 million in assets under management. The public holdings include names like Shopify (NASDAQ:SHOP), FactSet (NYSE:FDS), Charles Schwab (NYSE:SCHW), Verisk Analytics (NASDAQ:VRSK), Hyatt Hotels (NYSE:H), and Spotify (NYSE:SPOT). Moreover, RONB holds direct stakes in SpaceX, with about 4.86% in Class C shares and 4.34% in Class A shares. Combined, that keeps total exposure below the 15% threshold. Unlike XOVR, this is not done through SPVs. The ETF holds shares directly which removes an extra layer of complexity. KraneShares Artificial Intelligence & Technology ETF's (NASDAQ:AGIX) public holdings are what you would expect from an AI-focused strategy, including NVIDIA, Microsoft, Meta Platforms, Alphabet, Apple, Broadcom, Taiwan Semiconductor Manufacturing, and Amazon. Where it stands out is its private sleeve. The ETF holds about 3.41% in Anthropic and 3.46% in SpaceX Class A shares. Like RONB, these are direct holdings rather than exposures through SPVs. That said, AGIX is the most expensive of the group, with a 0.99% expense ratio. It is, however, reasonably capitalized with about $176 million in assets under management. Tema Space Innovators ETF (NYSE:NASA) is one of the newest entrants, having launched on March 30, 2026. It charges a 0.75% expense ratio and currently sits at about $17.8 million in assets under management. This ETF is less about broad innovation and more of a pure-play space theme. Top holdings include AST SpaceMobile, Rocket Lab, Planet Labs, Firefly Aerospace, and Intuitive Machines. NASA also includes roughly a 15% allocation to SpaceX, which is implemented through an SPV structure similar to XOVR.
Infosys Q4 Results on April 23: Will AI Anthropic Deals Offset Iran War Headwinds and Boost Dividends?
Infosys Q4 results and dividend announcement set for April 23 -- brokerages expect a soft earnings over AI lead disruptions. IT major Infosys is all set to declare its quarterly earnings and consolidated financial results for FY26 on April 23. The company has scheduled a two-day board meeting, which will commence from April 22, to approve and review its financial statements. Infosys Q4 result: Date and time - Where to watch The Board of Directors will then approve the results and also recommend a final dividend, subject to shareholder approval, a day after, on April 23. Markets will particularly monitor the financial performance of this IT firm, as earlier in February, the company announced a collaboration with Anthropic for the deployment of AI solutions across its various enterprises, including telecommunications, financial services, manufacturing, and so on. Brokerages expect Infosys Q4 revenue to see seasonal weakness due to fewer billings and seasonal factors caused by the Iran war and currency depreciation. They add that the rather muted revenue growth will also limit the company's Q4 net profit. Infosys Preview: Q4 net profit expectation According to brokerage house Nuvama Institutional Equities, Infosys is expected to report a 5% QoQ decline in its net profit to around Rs 7,541 crore; however, the company's bottom line will rise by more than 7% YoY. Kotak Institutional Equities too expects the company's net profit for Q4FY26 to decline by over 2% on a quarterly basis to Rs 7,459 crore, marked by the completion of the buyback. It forecasts the IT firm's profit to rise 13% on a YoY basis. Infosys Preview: Q4 revenue outlook As per Kotak, the company's revenue is expected at Rs 46,844 crore, marking an on-year rise of more than 14%, while the brokerage expects the IT firm's topline to grow by 3% on a quarterly basis aided by benefits of rupee depreciation. "We expect stable revenues from sale of third-party item," Kotak said. Nuvama pegs Infosys Q4 revenue at nearly Rs 46,300 crore, reflecting a QoQ growth of approximately 2%, while the revenue is expected to grow by 13% on a YoY basis. "We forecast revenue to decline -0.8% QoQ in CC and -0.5% QoQ in USD terms, impacted by seasonal furloughs, with BFSI remaining stable," the brokerage said. Infosys Preview: Q4 EBIT estimates According to Kotak, the IT major's EBIT for Q4FY26 Infosys is projected at Rs 9,984 crore, signalling a YoY rise of over 16% and a QoQ growth of more than 3%. Nuvama estimates the company's EBIT slightly lower at Rs 9,926 crore, forecasting an on-year rise of nearly 16% and a growth of around 3% on a quarterly basis. "EBIT margin is likely to remain flat QoQ, driven by Project Maximus and FX tailwind, partly offset by visa costs," Nuvama said. Overall, both the brokerage houses estimate a rather soft quarter for Infosys, marked by stable operating performance but limited earnings momentum. Kotak adds that investors will focus on the impact of the Iran war and Gen AI deflation growth prospects. Infosys: Dividend News For FY26, the company has recommended a final dividend, subject to the approval of shareholders. In November 2025, the firm paid out an interim dividend of Rs 23 per equity share, while for FY25, it paid a final dividend of Rs 22. Over the past few years, Infosys has been following a pattern of paying out one interim dividend along with a final dividend. Infosys: Q3FY26 For Q3FY26, the IT major Infosys reported a YoY decline of more than 2% in its consolidated net profit at Rs 6,654 crore from Rs 6,806 crore reported in Q3FY25.On a sequential basis, the company reported a decline of nearly 10% from Rs 7,364 crore reported in Q2FY26. Its revenue from operations for the quarter ending December 31, 2025 stood at Rs 45,479 crore, rising nearly 9% YoY against Rs 41,764 crore reported for the same quarter last year. Sequentially, its topline rose by over 2% from Rs 44,490 crore reported in Q2FY26.
Anthropic Expands Use of Google Cloud and TPUs
Latest expansion will provide Anthropic with multiple gigawatts of TPU capacity Anthropic announced an expansion of its use of TPU chips and cloud services, as it scales its development of foundation models, agents, and enterprise applications. The expansion will provide Anthropic with multiple gigawatts of TPU capacity, expected to come online starting in 2027. This capacity expansion will be delivered through Google Cloud services, as well as access to Google-built TPUs supplied through Broadcom. The additional TPU capacity will support rapidly scaling needs for Anthropic's models. Also Read: AiThority Interview with Glenn Jocher, Founder & CEO, Ultralytics Anthropic also continues to grow its use of Google Cloud's broader cloud and AI solutions, including BigQuery, Cloud Run, AlloyDB, and others, which together help power Anthropic's data, AI development, and applications. Today, thousands of customers access Claude models through Google Cloud, including Coinbase, Cursor, Palo Alto Networks, Replit, and Shopify. Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner. Also Read: The Infrastructure War Behind the AI Boom
Polymarket Unveils Major Platform Overhaul and Introduces Native Stablecoin - Blockonomi
Following CFTC registration in July 2025, Polymarket is re-establishing its United States operations after its 2022 withdrawal. Polymarket, the prediction market platform with a valuation exceeding $20 billion, is implementing sweeping changes to its fundamental trading architecture. These modifications encompass upgraded smart contracts, a reconstructed order-matching system, and a native stablecoin token that will supersede the bridged USDC variant. The company revealed its plans for a comprehensive exchange modernization on X, with implementation scheduled across the coming weeks, though a precise launch date remains unannounced. Central to this transformation is Polymarket USD, a newly introduced token. This will supplant USDC.e, which represents a bridged variant of Circle's USDC stablecoin. USDC.e functions by encapsulating USDC from the Ethereum blockchain for deployment across alternative chains, though this methodology introduces vulnerabilities through its bridge infrastructure dependencies. Polymarket USD maintains complete 1:1 backing by USDC. This transition grants Polymarket autonomous authority over trade settlement mechanisms and diminishes reliance on external bridge systems. For the majority of platform participants, this migration will occur seamlessly through the platform's user interface. Users will only need to provide a single approval transaction. The infrastructure upgrade additionally incorporates EIP-1271 compatibility, an Ethereum specification. This capability enables smart contract-powered wallets, including multisignature wallets and algorithmic trading systems, to authenticate transactions on the platform. This enhancement broadens wallet compatibility beyond conventional cryptocurrency wallets. In October 2025, Polymarket's chief marketing officer acknowledged plans for a POLY token. Neither implementation schedule nor functional specifications were disclosed at that juncture, and the token has yet to receive a formal launch. The token is anticipated to serve governance functions. Presently, Polymarket employs a framework developed by UMA, wherein token holders participate in voting to resolve market disputes. Skeptics have highlighted that this mechanism incentivizes agreement over precision, potentially exposing outcomes to manipulation by substantial stakeholders. Should POLY assume this function, it would internalize dispute resolution operations. A potential framework could segregate trading activities from governance functions -- participants wager using Polymarket USD, while POLY manages dispute adjudication and market administration. Polymarket discontinued service for United States participants in 2022. The platform secured Commodity Futures Trading Commission registration in July 2025, enabling its domestic comeback. Subsequent to receiving regulatory authorization, the platform announced intentions to directly onboard brokers and clients throughout the United States and enable trading via regulated platforms. The platform's fee-generated revenue has demonstrated upward momentum in recent weeks following the expansion of its trading fee structure, according to sector analytics. Polymarket's current valuation surpasses $20 billion, with ICE, the parent organization of the NYSE, finalizing a $600 million capital injection into the platform.
Polymarket Launches Its Own Stablecoin, Reduces USDC Dependence
Users warn move threatens Circle, as platforms launching stablecoins capture yield, control liquidity, and engagement loops. Polymarket, one the biggest prediction market has announced a major platform upgrade that includes launching its own stablecoin, Polymarket USD. The prediction market will migrate from USDC.e to the new collateral token, which will be backed 1:1 by USDC. The aims to improve trading efficiency and giving Polymarket more control over its liquidity. In a recent tweet post Polymarket developers team confirmed that Polymarket USD will replace USDC.e as the main collateral token on the platform. The transition will happen over the next two to three weeks alongside upgrades to smart contracts, order books, and the trading engine. For most users, the migration will happen automatically. The platform's frontend will handle the conversion with a one-time approval. However, power users and API traders will need to manually wrap USDC or USDC.e into Polymarket USD using the platform's collateral onramp contract. The platform said the update will also improve order matching, simplify orders, and enhance fee distribution. A new SDK will help developers migrate bots, though existing order books will be cleared. This change comes as Polymarket sees rapid growth, recording over $22 billion in trading volume in the first 11 months of 2025. The announcement triggered strong reactions from users. One X user said the move could become "the biggest threat for CRCL," as Polymarket is currently paying around 3.5%-4% to Circle on deposits, which could push it to reduce this dependency. If large platforms may start launching their own stablecoins, it may gives more control, lets them earn from deposits, and keeps users engaged. While, not everyone is convinced the new stablecoin will succeed. Another X user pointed out that many institutions have tried launching stablecoins but failed to scale. They said that trust remains the most important factor, and Polymarket's brand alone may not be enough. Polymarket is also releasing a new CLOB client SDK to support the migration. The update will automatically handle the switch from the old system to the new one, but developers must upgrade to the latest version. Bots and integrations will need to re-sign orders using the new structure. TypeScript, Python, and Go clients will be supported, with documentation provided before launch. During the upgrade, existing order books will be cleared, and the platform will enter a short maintenance window. Polymarket said it will announce the exact timing at least one week in advance. If the rollout goes smoothly, the new stablecoin could streamline trading and improve platform performance
Exclusive-SpaceX lays out IPO details, targets early June roadshow, sources say
NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. (Reporting by Echo Wang in New YorkWriting by Dawn Kopecki; Editing by Shri Navaratnam)
Travel chaos looms over twin cyclone threat
Twin severe tropical cyclones hanging above Australia's northeast coast are threatening to cause travel havoc for a popular tourist destination. The Department of Foreign Affairs and Trade have issued a warning for Australians planning to travel to Fiji, as the popular tourist destination is set to be battered by category three Tropical Cyclone Vaianu. DFAT's Smartraveller advice says TC Vaianu will bring heavy rain, flash flooding and strong winds as it sweeps south toward New Zealand. "Flights may be delayed or cancelled, and essential services may be disrupted," DFAT said. "Know your accommodation's evacuation plan. "If a cyclone is approaching your area, find your nearest shelter and follow the advice of local authorities." DFAT urged those travelling to Fiji to contact their airline and accommodation provider to find out how their travel plans are likely to be affected. Fiji has been hit hard by cyclones in the past, such as in 2016 when tropical cyclone Winston killed 44 people. Vaianu is expected to hit New Zealand's north island, including Auckland, over the weekend, but its intensity is likely to have decreased below tropical cyclone levels by then. Maila - a category 3 cyclone - is currently drifting east of Papua New Guinea atop the Solomon Islands and could make landfall in north Queensland on the weekend as well. "Severe Tropical Cyclone Maila is currently located in the Solomon Sea," the Bureau of Meteorology said. "The steering influences are balanced and Maila is expected to be slow moving over the Solomon Sea before moving west southwest by Thursday. "Maila is expected to remain well away from the Queensland coast during the next few days, but from late week Maila is forecast to be moving towards the far north Queensland coast, potentially crossing the coast on the weekend or early next week." It is unknown how powerful cyclone Maila will be when it crosses the Australian coastline.
Anthropic secures 3.5 GW AI Compute Deal with Google and Broadcom as Revenue Hits $30 Billion
The Artificial Intelligence (AI) race is entering a new phase of infrastructure growth, as Anthropic announced a long-term collaboration with Google and Broadcom, aiming to gain the next-generation AI compute capacity. The acquisition is timed with the annualized revenue run rate of Anthropic exceeding $30 billion amid the growing requirements for its Claude models globally. Anthropic secured around 3.5 gigawatts of compute capacity based on the Tensor Processing Unit (TPU), which is expected to come online by 2027. The training and deployment of the next-generation AI systems of Anthropic will be powered by these TPUs designed by Google and Broadcom's hardware supply. The size of this transaction underscores the increasing value of compute as a competitive asset in the AI industry. As continue to grow in complexity, high-performance infrastructure is now a significant bottleneck, just like algorithmic innovation. Broadcom independently confirmed a long-term partnership with Google to produce future generations of TPU, solidifying its status in the AI semiconductor ecosystem while ensuring a steady hardware supply to hyperscale AI workloads.
Toshiba Corporation: Toshiba's Breakthrough Algorithm Harnesses Edge of Chaos to Dramatically Boost Performance of its Quantum-Inspired Computer
~Approximately 100 times faster, will accelerate solutions for drug discovery, finance, and other complex problems~ Toshiba Corporation has developed a breakthrough algorithm that dramatically boosts the performance of the Simulated Bifurcation Machine (SBM), its proprietary quantum-inspired combinatorial optimization computer. The new algorithm significantly improves the probability of obtaining an optimal solution or a known best solution within a limited number of trials-referred to as the success probability, a key benchmark for evaluating combinatorial optimization technologies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260407918434/en/ Figure 1: Results demonstrating that the newly developed third-generation SB algorithm can find the known best solution with nearly 100% probability at the edge of chaos for a fully connected 2,000-spin Ising problem. The SBM is designed to solve large-scale combinatorial optimization problems in a wide range of fields, including new drug discovery, delivery route optimization, and investment portfolio design. While previous algorithms could find optimal or known best solutions with a sufficiently large number of trials, large-scale problems often trapped the search process in local optima, significantly lowering success probability under practical constraints that limit the number of trials. Toshiba has overcome this challenge by developing a third-generation simulated bifurcation (SB) algorithm. This ground-breaking advance builds on the original SB algorithm, announced in April 2019*1, and the second-generation SB algorithm, released in February 2021*2, which delivered major boosts to computational speed and accuracy. The new algorithm expands the bifurcation parameter that triggers the bifurcation phenomena*3-a defining feature of the SB algorithm-from a single global parameter to individual parameters assigned to each position variable*4. These bifurcation parameters are independently controlled according to the values of the corresponding position variables, enabling a more adaptive and effective solution search. With the introduction of this advanced control mechanism, the algorithm exhibits either regular or chaotic behavior*5, depending on conditions. Crucially, Toshiba discovered that by effectively harnessing chaos at the edge of chaos-the boundary between regular dynamics and chaotic motion-the algorithm can escape local optima far more efficiently. As a result, the success probability of reaching the global optimum increases dramatically, approaching 100%. The SBM based on the new algorithm is therefore much faster. It delivers a time to solution (TTS) required to obtain an optimal or known best solution that is approximately 100 times faster than the SBM based on the second-generation algorithm. These advances are expected to accelerate the practical applications of combinatorial optimization across a broad range of challenges. The research results were published in the April 6, 2026 issue of Physical Review Applied, a peer-reviewed journal of the American Physical Society*6. Note: *1 https://advances.sciencemag.org/content/5/4/eaav2372 *2 https://advances.sciencemag.org/content/7/6/eabe7953 *3 In nonlinear dynamical systems, a phenomenon in which changes in system parameters (bifurcation parameters) cause the number of stable points to change from one to multiple. *4 In the SB algorithm, the equations of motion of a classical dynamical system consisting of many oscillators are solved. A position variable represents the position of each oscillator, and these position variables correspond to the decision variables (discrete variables) of the combinatorial optimization problem. *5 In nonlinear dynamical systems, a phenomenon in which even slight differences in initial conditions cause the subsequent trajectories of motion to diverge significantly, resulting in disordered (chaotic) behavior. This sensitivity of chaos to initial conditions is known as the butterfly effect, and the upper panel of Figure 1 provides a quantitative evaluation of this effect. *6 https://doi.org/10.1103/2qd9-x6v8 About Toshiba For over 150 years, guided by its corporate philosophy, "Committed to People, Committed to the Future.," Toshiba Group has contributed to society through its business activities. Today, the Group continues to enhance its management structure, streamline operations, and invest in forward-looking businesses in the energy, digital infrastructure, and electronic devices domains. Annual sales in fiscal year 2025 were 3.5 trillion yen, with 95,000 employees worldwide. Find out more on our website or follow us on LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20260407918434/en/ Contacts: Toshiba Corporation Media Relations Office Ryoji Shinohara/Naoko Oura [email protected] © 2026 Business Wire
SpaceX eyes record IPO, prioritises retail investors ahead of June roadshow
SpaceX IPO plans highlight record retail investor focus, a June roadshow and global access, as the company targets a valuation of up to 1.75 trillion. SpaceX has outlined fresh details of its much-anticipated initial public offering during a meeting with its banking syndicate, indicating plans to allocate a significant portion of shares to retail investors and to host a large-scale investor event in June following the launch of its roadshow, according to a report by Reuters. At the virtual meeting held on Monday, Chief Financial Officer Bret Johnsen stated that retail investors would form a central component of the offering and a larger share than seen in previous IPOs, with the approach designed to recognise long-standing support from individual investors and followers of founder Elon Musk, as informed by two sources familiar with the discussions. The meeting marked the first time the full syndicate of banks convened as part of preparations for what is expected to be the largest IPO on record. SpaceX is aiming to raise approximately $75 billion, which could value the company at up to $1.75 trillion, Reuters previously reported. The company plans to commence its IPO roadshow during the week of June 8, with executives and bankers set to present the offering to prospective investors. Around 125 financial analysts representing 21 banks involved in the deal are scheduled to meet the company a day prior, according to the sources. On June 11, SpaceX is expected to host approximately 1,500 retail investors at a major investor event. In addition to participants from the United States, individual investors from the United Kingdom, the European Union, Australia, Canada, Japan and South Korea are also expected to be given access to the offering, as stated by the sources. One of the company's lead underwriters informed the group of participating banks that the scale of retail demand and allocation is likely to be unprecedented, the sources said. The final structure of the offering and the exact proportion allocated to retail investors are expected to be determined closer to the launch. Reuters had earlier reported that Elon Musk was considering setting aside as much as 30 per cent of shares for retail investors, significantly higher than the typical 5 to 10 per cent allocation seen in most IPOs. SpaceX is expected to make its IPO prospectus public in late May, the sources added. The offering is being led by major financial institutions including Morgan Stanley, Bank of America, Citigroup, JPMorgan Chase and Goldman Sachs, alongside 16 additional banks supporting across institutional, retail and international distribution channels. The targeted valuation of $1.75 trillion marks a substantial increase from the $1.25 trillion combined valuation established when SpaceX merged with Musk's artificial intelligence venture xAI in February. Historically, SpaceX has relied on biannual tender offers to establish valuation benchmarks, allowing employees and early investors to sell existing shares. The most recent such offer, conducted in December 2025, valued the company at $800 billion prior to its merger with xAI.
Anthropic partners with Broadcom and Google for AI chips
SAN FRANCISCO - Anthropic announced a deal with Google and Broadcom for a massive infusion of computing capacity as demand for the startup's artificial intelligence offerings soars. The San Francisco-based AI firm is on pace to bring in some $30 billion in revenue this year, up from a $9 billion "run-rate" at the end of last year, it said in a blog post. "We are making our most significant compute commitment to date to keep pace with our unprecedented growth," Anthropic chief financial officer Krishna Rao said in the blog post. "We are building the capacity necessary to serve the exponential growth we have seen in our customer base while also enabling Claude to define the frontier of AI development." Broadcom has entered a long-term agreement with Google to supply future generations of the internet giant's tensor processing units (TPUs) tailored to power AI in datacenters, according to a filing with the Securities and Exchange Commission. Separately, Broadcom and Google expanded a collaboration to give Anthropic access to about 3.5 gigawatts of TPU-based compute capacity to start coming online next year, the filing indicated. Most of the TPU compute power will be sited in the United States, according to the startup. Anthropic has been locked in a dispute with the US government since the company infuriated Pentagon chief Pete Hegseth by insisting its technology should not be used for mass surveillance or fully autonomous weapons systems.
