News & Updates
The latest news and updates from companies in the WLTH portfolio.
Jim Cramer Says SpaceX IPO Needs 'No Lock-Ups' To Avoid A Dangerous $3 Trillion Open - Tesla (NASDAQ:TSLA
Wall Street is bracing for a historic wave of mega-IPOs, and CNBC's Jim Cramer is sounding the alarm. He warns that the highly anticipated public debut of SpaceX could drain capital from the broader market unless structural precautions are taken to prevent an artificial price squeeze. Fearing The $3 Trillion Gorilla SpaceX confidentially filed its S-1 on April 1, targeting a valuation between $1.75 trillion and $2 trillion ahead of a potential June listing. However, Cramer fears overwhelming retail and institutional demand, combined with limited initial share offerings, could lead to disastrous market mechanics. "I am very worried about the amount of supply stemming from SpaceX, OpenAI and Anthropic," Cramer posted on X on Tuesday. "They really need to be spaced out and we will need no lock-ups so SpaceX won't open at $3 trillion." On Mad Money, Cramer elaborated that "bulls are killed by excess stock supply." If underwriters offer only a 5% sliver of the company to the public, the ensuing frenzy could skyrocket SpaceX's market cap, forcing the S&P 500 into an unprecedented rebalancing that draws hundreds of billions of dollars away from existing equities. The 'Musk Swap' Threatens Tesla "Tesla's about to lose that scarcity value," Cramer noted, arguing that SpaceX's growth story -- anchored by its recurring Starlink broadband revenue -- will eclipse Tesla's slowing core auto business. This aligns with recent bearish sentiment from Wall Street, including JPMorgan's recent "sell" rating on Tesla. A Thanksgiving Feast For Investors SpaceX isn't the only heavyweight entering the arena. With OpenAI, valued at around $852 billion, and Anthropic at $380 billion, industry experts echo Cramer's concerns about market absorption. Venture capitalist Chamath Palihapitiya recently likened the 2026 IPO pipeline to a Thanksgiving dinner, warning that after investors gorge themselves on SpaceX, the market's capital appetite for subsequent offerings may completely vanish. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
OpenAI, Google, Anthropic Unite Against Rising AI Copy Threat in China
Concerns rise over economic losses and risks from models lacking safety safeguards In a rare show of collaboration, leading artificial intelligence firms OpenAI, Anthropic, and Google have joined forces to address growing concerns over unauthorized AI model replication, particularly by Chinese competitors. The companies are working together through the Frontier Model Forum, a nonprofit initiative established in 2023 alongside Microsoft, to detect and counter 'adversarial distillation' a practice that could undermine both innovation and security in the global AI race.
SpaceX details IPO schedule; retail demand expected to break records - report (SPACE:Private)
SpaceX (SPACE) provided details of its IPO during a Monday night meeting with its bankers, indicating that a significant portion of shares will be allocated to retail investors and that it plans to host 1,500 of them at a June SpaceX plans to allocate a significantly larger share to retail investors than typical IPOs, potentially up to 30%, making it a bigger retail component than any IPO in history. SpaceX will host a major event for 1,500 retail investors and include retail investors from multiple countries, signaling high engagement and inclusiveness. SpaceX's proposed allocation for retail investors could reach 30%, far exceeding the usual 5-10% in most IPOs.
Anthropic's cloud deal with Google and Broadcom highlights energy rivalry with Bitcoin miners
Bitcoin miners are diversifying, leasing capacity to AI firms as operating pressures grow. Artificial intelligence startup Anthropic has unveiled a sweeping new agreement with Google and Broadcom to secure multiple gigawatts of next-generation TPU (Tensor Processing Unit) computing capacity, set to come online in 2027. Announcing what it calls the most pivotal investment in its history, Anthropic stated that its annual revenues are on track to surge from $9 billion by the end of 2025 to a projected $30 billion, underscoring the escalating financial stakes in the AI sector. ContentsThe competition for energy infrastructure intensifiesMiners pursue new revenue streamsThe competition for energy infrastructure intensifies The relentless demand for artificial intelligence technologies has triggered a direct contest over energy infrastructure, pitting AI developers against Bitcoin miners. Both industries are finding themselves vying for limited resources such as grid access, land use permits, cooling investments, and inexpensive electricity, driving up competition in the energy market. According to data from the University of Cambridge, global Bitcoin mining operations consistently consume between 13 and 25 gigawatts of electricity. Anthropic's move to secure several gigawatts in a single agreement highlights the voracious energy appetite of major AI firms and underscores the intensifying pressure facing crypto miners as they compete for the same infrastructure. Beyond Anthropic, OpenAI is also making headlines by leveraging recent investments to expand its operations, distributing its workload across five cloud service providers and four chip platforms. These expansive infrastructure plans have made the AI sector one of the fastest-growing sources of electricity demand in the United States. Miners pursue new revenue streams Rising energy costs and competitive pressures are beginning to squeeze the profitability of Bitcoin mining. In response, companies like Core Scientific have repurposed a significant share of their capacity for artificial intelligence services through agreements such as the one with CoreWeave. Meanwhile, miners like Iris Energy and Hut 8 have increased their revenues from data centers geared toward high-performance computing and AI workloads. In a sign of shifting strategies, firms including Riot Platforms, MARA Holdings, and Genius Group collectively sold more than 19,000 Bitcoins last week alone, suggesting that maintaining operations under current price and difficulty levels is an uphill battle. For a miner, income derived from one gigawatt of capacity can swing widely based on Bitcoin's price and network difficulty. By contrast, leasing that same capacity to an AI company generally offers a steady, contractually-defined cash flow, lending greater financial predictability in uncertain markets. As power prices increase and mining difficulty intensifies, leasing energy capacity to AI companies can sometimes prove more lucrative than engaging in direct mining operations, prompting miners to reevaluate their business models and seek out more stable income sources. Anthropic revealed that, within just two months, the number of customers paying over $1 million annually for its Claude product grew from 500 to more than 1,000. Still, Bitcoin mining has not faded into obscurity. The total computing power of the Bitcoin network continues to set new benchmarks, recently surpassing one zetahash per second, emphasizing the field's technical endurance even as economic pressures mount. Looking ahead, the focus for surviving miners may increasingly shift away from self-operated electricity production. Instead, leveraging their existing low-cost energy infrastructure to serve both AI companies and Bitcoin transactions could become the optimal path for adapting to an evolving digital economy. You can follow our news on Telegram, Facebook & CoinmarketcapDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Business News | Anthropic Revenue Surges to USD 30 Billion; Secures Major TPU Deal with Google and Broadcom | LatestLY
Get latest articles and stories on Business at LatestLY. Anthropic's run-rate revenue surpassed the USD 30 billion threshold, marking a substantial increase from the approximately USD 9 billion reported at the close of 2025, according to the company. New Delhi [India], April 7 (ANI): Anthropic's run-rate revenue surpassed the USD 30 billion threshold, marking a substantial increase from the approximately USD 9 billion reported at the close of 2025, according to the company. "Demand from Claude customers has accelerated in 2026. Our run-rate revenue has now surpassed $30 billion--up from approximately $9 billion at the end of 2025," Anthropic said in a statement. Also Read | Middle East Conflict: Saudi Arabia-Bahrain Bridge Shut Amid Iranian Threats As Donald Trump's Deadline Nears. The company noted that the surge in revenue followed an acceleration in demand from Claude customers throughout 2026. As per the company, the number of business clients spending over USD 1 million on an annualized basis doubled. While Anthropic reported 500 such customers during its Series G fundraising in February, "today that number exceeds 1,000, doubling in less than two months." This financial growth coincided with the signing of a new agreement with Google and Broadcom to secure multiple gigawatts of next-generation Tensor Processing Unit (TPU) capacity. Also Read | France Gold Reserves Shift: Banque de France Repatriates Holdings, Books 12.8 Billion Euros Gain. "This significant expansion of our compute infrastructure will power our frontier Claude models and help us serve extraordinary demand from customers worldwide," Anthropic said in a statement. "This ground breaking partnership with Google and Broadcom is a continuation of our disciplined approach to scaling infrastructure: 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," said Krishna Rao, CFO of Anthropic. "We are making our most significant compute commitment to date to keep pace with our unprecedented growth." The vast majority of the new compute capacity was slated for placement within the United States. This move represented an expansion of the company's November 2025 commitment to invest USD 50 billion in American computing infrastructure. The arrangement also deepened existing collaborations with Google Cloud, building on TPU capacity increases previously announced in October. Despite the expanded deal with Google and Broadcom, Anthropic maintained its multi-platform hardware approach. The firm continued to train and run Claude on a range of AI hardware, including AWS Trainium, Google TPUs, and NVIDIA GPUs. The company stated that this diversity of platforms allowed for better performance and greater resilience for customers who depended on the model for critical work. "Amazon remains our primary cloud provider and training partner, and we continue to work closely with AWS on Project Rainier," the company said. Claude also maintained its position as the only frontier AI model available to customers across the three largest cloud platforms: Amazon Web Services (Bedrock), Google Cloud (Vertex AI), and Microsoft Azure (Foundry). (ANI) (The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)
SpaceX's IPO Could Be a 'Netscape Moment' for the Space Economy
SpaceX's IPO could become the largest public offering ever, as the aerospace firm targets a valuation of $2 trillion. Following the news, shares of Rocket Lab (RKLB), Planet Labs (PL), and AST SpaceMobile (ASTS) all jumped sharply. Interestingly, this market reaction suggests that a SpaceX listing could benefit not just the company itself but the entire industry by changing how investors view space-related businesses. In fact, some analysts believe this moment could be similar to the early days of the internet. Speaking to Yahoo Finance, Chad Anderson, the CEO of Space Capital, compared the potential SpaceX IPO to Netscape's 1995 listing, which helped turn the internet into a serious investment category. In the same way, a public SpaceX could give institutional investors a clear benchmark for valuing the space economy. As a result, this could attract more capital and change the perception of space from a niche, high-risk area to a more established and important part of the global economy. Many experts also believe that this could lead to a "re-rating" of the entire space sector, which would result in higher valuations and more investments. Glen Anderson of Rainmaker Securities noted that space is increasingly being seen as critical infrastructure that covers areas like communications, defense, and data. In addition, the IPO could encourage more private space companies to go public, as they look to follow SpaceX and take advantage of renewed investor interest in the sector. Turning to Wall Street, out of the three stocks mentioned above, analysts think that RKLB stock has the most room to run. In fact, RKLB's average price target of $86.92 per share implies 28.1% upside potential.
Anthropic in Talks to Invest $200 Million in New Private-Equity Venture
Anthropic is planning to invest $200 million in a new venture with major private-equity firms that aims to sell AI tools to their portfolio companies, continuing a push for business customers. General Atlantic, Blackstone, and Hellman & Friedman are among the private-equity firms in discussions to back the project, people familiar with the matter said. The startup is in talks to raise $1 billion for the effort including Anthropic's planned contribution, the people said.
SpaceX IPO faces volatility risk on potential lock-up easing
SpaceX's long-anticipated initial public offering is gaining momentum for a potential June debut, with investor attention increasingly focused on a possible easing of lock-up restrictions that could affect early share price stability. According to industry sources on Sunday, the US aerospace company recently submitted IPO-related documents confidentially to the US Securities and Exchange Commission, allowing it to proceed with the listing process while limiting early disclosure of financial details. A key point of market focus is whether SpaceX will allow existing shareholders to sell shares from the first day of trading. Typically, pre-IPO investors are subject to a 180-day lock-up period, during which share sales are restricted to prevent excessive volatility. However, SpaceX is reportedly considering allowing partial sales by existing shareholders at listing, raising concerns that early selling pressure could weigh on initial price formation. Market participants say the company's limited free float could amplify those risks. SpaceX is expected to release less than 5 percent of its total shares to the public -- a relatively low level compared with typical large-cap IPOs. If early sales by existing shareholders are permitted alongside such a constrained supply, the interaction between limited float and additional sell orders could increase volatility during the initial trading phase, analysts said. Recent changes to Nasdaq's index inclusion rules are also seen as a potential factor. The exchange has eased requirements to allow newly listed large-cap companies to be added to major indices within 15 days of listing. Some market observers warn that if index-tracking funds begin allocating capital before sufficient liquidity is established, it could distort price discovery in the early stages of trading. While expectations for a June listing are building, the exact timing remains uncertain. Some market speculation has linked the potential debut to symbolic dates, including the June 28 birthday of SpaceX founder Elon Musk or even coinciding with astronomical events such as a planetary alignment, according to foreign media reports. As anticipation builds, investors are closely watching how the company balances liquidity, valuation and market stability in what could become one of the most closely scrutinized IPOs in recent years.
SpaceX to targets retail investors in IPO, sources say
New York | SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers on Monday night (Tuesday AEST), telling them it plans to earmark a large portion of shares for retail investors and will host 1500 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.
Anthropic's run-rate revenue skyrockets past USD 30 billion mark
Anthropic's run-rate revenue has surged past USD 30 billion, up from USD 9 billion in 2025. This growth is driven by accelerating demand from Claude customers, with the number of business clients spending over USD 1 million annually doubling.Massive Revenue Growth Anthropic's run-rate revenue surpassed the USD 30 billion threshold, marking a substantial increase from the approximately USD 9 billion reported at the close of 2025, according to the company. Add Asianet Newsable as a Preferred Source "Demand from Claude customers has accelerated in 2026. Our run-rate revenue has now surpassed $30 billion--up from approximately $9 billion at the end of 2025," Anthropic said in a statement. Accelerated Customer Adoption The company noted that the surge in revenue followed an acceleration in demand from Claude customers throughout 2026. As per the company, the number of business clients spending over USD 1 million on an annualized basis doubled. While Anthropic reported 500 such customers during its Series G fundraising in February, "today that number exceeds 1,000, doubling in less than two months." Strategic Partnership to Expand Compute Power This financial growth coincided with the signing of a new agreement with Google and Broadcom to secure multiple gigawatts of next-generation Tensor Processing Unit (TPU) capacity. "This significant expansion of our compute infrastructure will power our frontier Claude models and help us serve extraordinary demand from customers worldwide," Anthropic said in a statement. "This ground breaking partnership with Google and Broadcom is a continuation of our disciplined approach to scaling infrastructure: 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," said Krishna Rao, CFO of Anthropic. "We are making our most significant compute commitment to date to keep pace with our unprecedented growth." The vast majority of the new compute capacity was slated for placement within the United States. This move represented an expansion of the company's November 2025 commitment to invest USD 50 billion in American computing infrastructure. The arrangement also deepened existing collaborations with Google Cloud, building on TPU capacity increases previously announced in October. Commitment to Multi-Platform Strategy Despite the expanded deal with Google and Broadcom, Anthropic maintained its multi-platform hardware approach. The firm continued to train and run Claude on a range of AI hardware, including AWS Trainium, Google TPUs, and NVIDIA GPUs. The company stated that this diversity of platforms allowed for better performance and greater resilience for customers who depended on the model for critical work. "Amazon remains our primary cloud provider and training partner, and we continue to work closely with AWS on Project Rainier," the company said. Claude also maintained its position as the only frontier AI model available to customers across the three largest cloud platforms: Amazon Web Services (Bedrock), Google Cloud (Vertex AI), and Microsoft Azure (Foundry). (ANI) (Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.) Read Full Article
Top News Today: DeepSeek V4 Launch, SatLeo Funding, RRB NTPC Answer Key, and Musk's SpaceX IPO Move
What's New Today: DeepSeek is preparing to roll out its V4 AI model using Huawei chips, while SatLeo Labs secures fresh funding to expand its thermal satellite mission. Fast-Track Insights: The Railway Recruitment Board has released the RRB NTPC Graduate answer key for candidates to review scores, and Elon Musk is pushing banks to adopt his Grok AI tool for the upcoming SpaceX IPO. Here's a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from artificial intelligence and space technology to recruitment updates and cryptocurrency trends.
Anthropic Tops $30 Billion Run Rate, Seals Deal With Broadcom
The collaboration with Broadcom and Google, which was first announced last month, will help Anthropic build "the capacity necessary to serve the remarkable growth we have seen in our customer base," Chief Financial Officer Krishna Rao said in a statement. Anthropic PBC said its revenue run rate has now topped $30 billion, up from $9 billion at the end of 2025, and confirmed plans to work with Broadcom Inc. and Google to power its burgeoning operations. The AI startup said that demand for its Claude services has accelerated this year, with more than 1,000 business customers spending over $1 million on an annual basis. That figure has more than doubled since February. The collaboration with Broadcom and Google, which was first announced last month, will help Anthropic build "the capacity necessary to serve the remarkable growth we have seen in our customer base," Chief Financial Officer Krishna Rao said in a statement. The annual run rate - a popular benchmark among tech startups - extrapolates the current sales level over a full year. The latest numbers suggest that a high-profile dispute with the US government hasn't stymied growth. Anthropic is waging a legal fight over the Pentagon's decision to declare the company a supply-chain risk following a standoff over AI safety guardrails. Anthropic has warned that the labeling could cost it billions in lost revenue, and an attorney for the company recently told a judge in San Francisco that the federal government's actions led to more than 100 enterprise customers contacting the company to express doubt about continuing their work with Anthropic. Still, some customers respect that Anthropic "demonstrates its principles" in its dealings with the US government, Paul Smith, Anthropic's chief commercial officer, said in an interview last week. ALSO READ: OpenAI, Anthropic, Google Unite To Combat Model Copying In China Broadcom is developing chips using Google's tensor processing units, or TPUs, offering an alternative to technology from Nvidia Corp. Broadcom and Alphabet Inc.'s Google have entered a long-term agreement to provide the chips and a supply assurance pact that runs through 2031, according to a Broadcom filing Monday. The three companies also are expanding a strategic collaboration that will let Anthropic access about 3.5 gigawatts' worth of computing power. That will begin in 2027. "The consumption of such expanded AI compute capacity by Anthropic is dependent on Anthropic's continued commercial success. In connection with this deployment, the parties are in discussions with certain operational and financial partners," Broadcom said in the filing. Broadcom shares climbed as much as 3.6% in late trading after the filing was announced. The company's chief executive officer, Hock Tan, previously discussed the collaboration during an earnings call last month. He also said Broadcom expects its AI chip sales to top $100 billion next year, making it a bigger competitor to Nvidia. ALSO READ: AI Models Like Claude Sonnet 4.5 Can Be 'Happy, Sorry, Frustrated, Anxious': Anthropic AI Emotions Study Google's TPUs were originally designed to speed up its ubiquitous search engine, but have become useful at creating and running AI software. Broadcom takes Google's specifications and creates fully-formed designs that can then be sent for manufacturing. (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories -- On NDTV Profit.
Dow Jones Top Company Headlines at 1 AM ET: Anthropic in Talks to Invest $200 Million in New Private-Equity Venture | LG ...
Anthropic in Talks to Invest $200 Million in New Private-Equity Venture General Atlantic, Blackstone, and Hellman & Friedman are among the private-equity firms in discussions to back the project. ---- LG Electronics Expects First-Quarter Earnings Rebound LG Electronics projected a solid earnings rebound in the first quarter, driven by improving profitability in its home-appliance, television and vehicle-component businesses. ---- Samsung Projects Eightfold Profit Leap as AI Chip Demand Soars The world's largest memory-chip maker forecast a more than eightfold jump in first-quarter operating profit, signaling continued record earnings amid the artificial-intelligence boom. ---- Broadcom to Supply AI Chips to Google, Computing Capacity to Anthropic in Expanded Collaboration Broadcom will develop and supply custom AI chips for Google and additional computing capacity to Anthropic in an expansion of the strategic collaboration between the three companies. ---- Amazon and U.S. Postal Service Reach Delivery Deal The e-commerce giant, under a new plan, will cut back the packages it ships through USPS by 20%, less than the proposal the sides had discussed earlier. ---- Casey's General Stores Joining S&P 500 This Week Casey's will join the S&P 500 before trading opens on Thursday, S&P Dow Jones Indices said. ---- BNY, Robinhood Win Contract for Running Trump Accounts The two firms are the early winners in Wall Street's race to play a role in setting up and running the new savings tool for children. ---- Festival Organizer Defends Kanye West Booking After Sponsors Flee Anheuser-Busch InBev follows PepsiCo and Diageo in pulling out of the planned U.K. event. ---- Oracle Names Hilary Maxson Chief Financial Officer Oracle hired Hilary Maxson as the software giant's new chief financial officer, effective immediately. ---- Pesticide Giant Syngenta Readies New Weapon Against Superweeds The chemical, launching first in Argentina, is designed to fight grass weeds in soybean crops. ---- Neurocrine to Buy Soleno, Nabbing Drug for Relentless Hunger Disorder The deal, valued at $2.9 billion, will expand Neurocrine's endocrinology and rare-disease portfolio. ---- NHTSA Ends Investigation Into Tesla's Summon Feature The National Highway Traffic Safety Administration closed its investigation into Tesla's "Actually Smart Summon" feature due to the low frequency and severity of reported crashes. ---- Gulf Funds Agree to Back Paramount's $81 Billion Takeover of Warner Commitments from three Middle East entities will help offset costs for the Ellison family. ---- 'Super Mario' Sequel Scores Year's Biggest Movie Opening Universal and Nintendo's animated adaptation is the latest in a string of hit family films. ---- Striking Beef Plant Workers to Resume Work Thousands of striking workers in Colorado agreed to return to work, ending a three-week strike at a slaughter plant owned by JBS, the world's largest meatpacker. (END) Dow Jones Newswires April 07, 2026 01:15 ET (05:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Anthropic revenue surges to USD 30 billion; Secures major TPU deal with Google and Broadcom
New Delhi [India], April 7 (ANI): Anthropic's run-rate revenue surpassed the USD 30 billion threshold, marking a substantial increase from the approximately USD 9 billion reported at the close of 2025, according to the company. "Demand from Claude customers has accelerated in 2026. Our run-rate revenue has now surpassed $30 billion--up from approximately $9 billion at the end of 2025," Anthropic said in a statement. The company noted that the surge in revenue followed an acceleration in demand from Claude customers throughout 2026. As per the company, the number of business clients spending over USD 1 million on an annualized basis doubled. While Anthropic reported 500 such customers during its Series G fundraising in February, "today that number exceeds 1,000, doubling in less than two months." This financial growth coincided with the signing of a new agreement with Google and Broadcom to secure multiple gigawatts of next-generation Tensor Processing Unit (TPU) capacity. "This significant expansion of our compute infrastructure will power our frontier Claude models and help us serve extraordinary demand from customers worldwide," Anthropic said in a statement. "This ground breaking partnership with Google and Broadcom is a continuation of our disciplined approach to scaling infrastructure: 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," said Krishna Rao, CFO of Anthropic. "We are making our most significant compute commitment to date to keep pace with our unprecedented growth." The vast majority of the new compute capacity was slated for placement within the United States. This move represented an expansion of the company's November 2025 commitment to invest USD 50 billion in American computing infrastructure. The arrangement also deepened existing collaborations with Google Cloud, building on TPU capacity increases previously announced in October. Despite the expanded deal with Google and Broadcom, Anthropic maintained its multi-platform hardware approach. The firm continued to train and run Claude on a range of AI hardware, including AWS Trainium, Google TPUs, and NVIDIA GPUs. The company stated that this diversity of platforms allowed for better performance and greater resilience for customers who depended on the model for critical work. "Amazon remains our primary cloud provider and training partner, and we continue to work closely with AWS on Project Rainier," the company said. Claude also maintained its position as the only frontier AI model available to customers across the three largest cloud platforms: Amazon Web Services (Bedrock), Google Cloud (Vertex AI), and Microsoft Azure (Foundry). (ANI)
SpaceX lays out IPO details, targets early June roadshow: Reuters
A SpaceX Falcon 9 rocket is displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California, on March 26, 2026. 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. The Elon Musk-led company plans to launch its roadshow the week of June 8, when executives and bankers will pitch the IPO to investors, the people said. About 125 financial analysts from the 21 banks on the deal are scheduled to meet with the company the day before, they added. On June 11, SpaceX plans to host 1,500 retail investors at what the people described as a major investor event. In addition to the U.S., everyday retail investors in the UK, EU, Australia, Canada, Japan and Korea would have the opportunity to participate in the offering, the people added. One of SpaceX's lead underwriters told the group of 21 investment banks the retail demand and allocation will be something they've "never seen before," the two people said. The structure of the deal and precise amount of the retail allocation are expected to be finalized closer to the IPO launch, they said. Reuters previously reported that founder Elon Musk wanted to set aside up to 30% of the company's shares for smaller investors, compared with 5% to 10% for most companies. The company plans to make its IPO prospectus public in late May, they said. SpaceX did not immediately respond to a request for comment. Morgan Stanley, Bank of America, Citigroup, JP Morgan and Goldman Sachs are leading the deal as active bookrunners, with 16 other banks in smaller roles spanning institutional, retail and international channels, Reuters previously reported. The $1.75 trillion target represents a significant step up from the $1.25 trillion combined valuation set when SpaceX merged with Musk's artificial intelligence startup xAI in February. Typically, SpaceX's roughly twice-yearly tender offers -- in which employees and investors are able to sell their existing shares, allowing them to cash out from a company that has remained private for nearly 25 years -- have served as the primary valuation anchor. The most recent, in December 2025, valued the company at $800 billion, before the merger with xAI.
SpaceX IPO could be biggest ever at $75B | News.az
SpaceX is preparing to rewrite IPO history -- by putting everyday investors at the center of what could become the largest public offering ever. The Elon Musk-led rocket company is targeting a massive $75 billion IPO, potentially valuing the business at up to $1.75 trillion, according to people familiar with the plans, News.az reports, citing Reuters. In a private meeting with bankers, Chief Financial Officer Bret Johnsen revealed that retail investors will play an unusually large role in the offering. Unlike typical IPOs -- where retail investors receive just 5% to 10% of shares -- SpaceX is expected to allocate a significantly larger portion, potentially up to 30%. That would make it the most retail-focused IPO ever. The strategy reflects the company's long-standing support base. These are investors who have backed SpaceX and Elon Musk for years, and the company wants to recognize that loyalty. SpaceX is planning to launch its IPO roadshow in the week of June 8, where executives and bankers will present the opportunity to institutional investors. But retail investors won't be sidelined. On June 11, the company is set to host a major investor event for around 1,500 individual investors, signaling a rare level of inclusion for non-institutional participants. The IPO will also be open to retail investors beyond the U.S., including those in: Bankers involved in the deal say the scale of retail demand could be unlike anything seen before. Final details -- such as the exact retail allocation -- are expected to be confirmed closer to launch. The targeted $1.75 trillion valuation marks a sharp jump from the roughly $1.25 trillion valuation established earlier this year, when SpaceX merged with Musk's AI startup, xAI. If successful, the offering would not only break records in size -- but could also reshape how future IPOs are structured. SpaceX is expected to release its IPO prospectus in late May, offering the first official look at financials and risks. With strong brand loyalty, global demand, and a retail-first strategy, the company is positioning this IPO as more than just a fundraising event -- it's aiming to make it a mass-market moment in financial history. If you want, I can also tailor this for Google News, Twitter/X threads, or a LinkedIn version with higher engagement tone.
OpenAI, Anthropic, Google Collaborate to Prevent AI Model Copying in China
In a collaborative effort, OpenAI, Anthropic, and Google are taking steps to safeguard their artificial intelligence technologies. These companies aim to prevent Chinese competitors from leveraging advanced US AI models illegally. Formation of the Frontier Model Forum To combat the risks posed by potential adversaries, an industry nonprofit known as the Frontier Model Forum was established in 2023. This initiative is a collaboration among OpenAI, Anthropic, Google, and Microsoft Corp. Objectives of Collaboration The principal goal of this collaborative effort is to share crucial information regarding attempts at adverse distillation. This practice involves illicitly extracting information from sophisticated AI models, which is against the terms of service of these companies. Significance in the AI Landscape By joining forces, these tech giants aim to maintain their competitive edge in the global AI race. The collaboration highlights the increasing need for security and integrity in AI development. * Participants: OpenAI, Anthropic, Google, Microsoft * Year Established: 2023 * Main Focus: Preventing illegal AI model extraction This cooperation among leading AI firms underscores the importance of safeguarding intellectual property and ensuring ethical standards in artificial intelligence research and application.
Anthropic expands compute deal with Google, Broadcom?
Anthropic has expanded its partnership with Google and Broadcom to secure multiple gigawatts of compute, positioning the startup to scale training and inference capacity as demand rises. A related filing describes Broadcom agreeing to produce future versions of Google's TPUs and also expanding the Anthropic deal to provide access to roughly 3.5 gigawatts of computing capacity. Anthropic also says its business momentum has accelerated, with reported run-rate revenue crossing $30B, up from about $9B at the end of 2025. This is a major datapoint in the ongoing race to lock in scarce AI infrastructure -- especially large-scale accelerator capacity. Compute availability isn't just a pricing or procurement issue; it affects training timelines, the ability to serve more users, and the cost structure of inference at production scale. The deal also signals how AI supply chains are being organized around TPU ecosystems. Instead of treating accelerators as interchangeable parts, the partnerships are structured around who builds future TPU generations and how much capacity a given AI company can reliably access. The scale language -- multiple gigawatts -- underscores that the bottleneck increasingly sits in datacenter power and end-to-end infrastructure, not just chips themselves. Securing long-term capacity can translate into faster product iteration and more consistent service quality. Finally, Anthropic's revenue run-rate claim suggests the company is converting that infrastructure into commercial outcomes. If accurate, it supports the broader market narrative that leading model companies are moving from "capacity-limited growth" toward "demand-limited growth," making compute contracts even more strategically important.
SFO Security Lines Stay Under 15 Minutes While TSA Chaos Hits Other Airports Amid Government Shutdown
SAN FRANCISCO -- While travelers at many major U.S. airports have endured hours-long security lines due to the ongoing partial government shutdown, San Francisco International Airport has largely escaped the chaos, with average TSA wait times remaining steady at 10 to 15 minutes and all checkpoints operating normally as of early April 2026. SFO, one of the busiest airports in the country and a key international gateway for the Bay Area, participates in the Transportation Security Administration's Screening Partnership Program. This allows a private contractor, Covenant Aviation Security, to handle checkpoint screening under TSA supervision. Because the screeners are not federal TSA employees, they continue to receive uninterrupted pay during the funding impasse that has affected direct TSA operations elsewhere. Airport officials and local reports confirm that security lines at SFO have stayed consistent with typical operations, even as spring break travel overlapped with the shutdown's impact on federal staffing. In contrast to airports like Phoenix Sky Harbor or others reporting waits of 30 minutes or more -- and occasional checkpoint closures -- SFO has maintained smooth flow. Peak waits rarely exceeded 20-25 minutes, with many travelers clearing security in under 10 minutes during off-peak hours. "While we've seen and heard about the long security checkpoint lines over the last few weeks at major airports around the country, SFO is NOT experiencing this issue," the airport posted on social media in late March, highlighting its private contractor model as the reason for stability. Current real-time data shows average security waits at SFO around 12 minutes overall. Early morning hours from midnight to 3 a.m. often see waits as low as 1-3 minutes, while busier slots like 6-9 a.m. may reach 15-25 minutes. PreCheck lanes and CLEAR biometric services further reduce times for eligible passengers, sometimes to just 2-5 minutes. One checkpoint in Terminal 3 (Boarding Area F3) has been noted as occasionally closed, but alternatives remain open and all gates stay accessible. United Airlines, SFO's largest carrier, recently rolled out a helpful TSA wait time tracker in its mobile app for SFO and six other hubs. The feature provides estimated waits for both standard and PreCheck lanes, helping passengers plan arrivals more precisely amid broader travel uncertainties. SFO handled approximately 54.5 million passengers in 2025, a 4.3% increase from 2024, with strong growth in domestic traffic. The airport serves as a major hub for United Airlines and a critical link for transpacific routes to Asia, which accounted for a significant share of its international traffic. Despite the shutdown, security screening screened millions without the widespread disruptions seen nationally. The partial government shutdown, now stretching into April, has forced TSA officers at direct federal airports to work without pay, leading to increased callouts, fatigue and longer lines. Some airports consolidated lanes or temporarily closed checkpoints. SFO's model has provided a buffer: private screeners, paid through separate funding, reported full staffing and normal operations. Airport spokesman Doug Yakel noted that contracted officers have kept average peak wait times under 10 minutes in many recent periods, even while processing high volumes. This stands in stark contrast to reports from other hubs where waits stretched to hours, prompting airlines to advise arriving three hours early for domestic flights. Travelers at SFO praised the relative ease. Social media posts and local news shared stories of quick passages through security, with some contrasting their experience favorably against friends flying out of TSA-operated airports. "No lines at SFO -- right through security," one passenger remarked after a recent trip. SFO features multiple security checkpoints across its terminals: A and G in the International Terminal, B and C in Terminal 1, D in Terminal 2, and F1 plus the occasionally closed F3 in Terminal 3. All offer TSA PreCheck, Priority lanes and CLEAR where available. Hours vary slightly by checkpoint, with most opening as early as 3:15 a.m. and some operating nearly 24 hours. In addition to standard procedures, SFO supports TSA ConfirmID, a fee-based identity verification service for passengers without REAL ID-compliant documents. The airport also uses advanced imaging technology and continues promoting efficient packing to speed screening. Beyond security stability, SFO faces other operational pressures. A new FAA rule and temporary runway project have reduced hourly arrivals from 54 to 36 planes, potentially causing more flight delays independent of security. Officials emphasize that these changes do not affect checkpoint lines. For passengers, the airport recommends arriving at least two hours before domestic flights and three hours for international, though the consistent security times mean many can adhere to standard guidelines without extra buffer for shutdown-related delays. The MyTSA app, United's tracker and SFO's own flight information displays provide helpful updates. The Screening Partnership Program at SFO dates back years and makes it the largest U.S. airport using private contractors for screening. Only a handful of airports, including Kansas City and a few smaller ones, share this setup. During previous shutdowns, the model similarly prevented major disruptions. Local leaders and travelers have noted the irony: while the shutdown highlights vulnerabilities in federal TSA staffing, privatized operations at places like SFO demonstrate an alternative that maintains reliability. However, all checkpoints still follow strict TSA security protocols and oversight. As summer travel approaches, SFO continues investing in passenger experience with expanded dining, art installations and efficient terminal layouts. The airport consistently ranks well in traveler satisfaction surveys among large U.S. hubs. Travel tips for SFO remain standard but especially useful now: enroll in TSA PreCheck or CLEAR for faster processing, pack liquids and electronics accessibly, wear slip-on shoes, and check real-time wait data before heading to the airport. Those without PreCheck should factor in potentially longer standard lanes during peak times like early mornings and evenings. The broader context at SFO underscores a national conversation about airport security staffing. While most airports rely on federal TSA employees facing financial strain without pay, the private model at SFO has kept lines moving and morale steadier among screeners. Passengers navigating the Bay Area's busy travel season can take some comfort in SFO's resilience. As the shutdown persists without a clear resolution, airports without direct TSA staffing continue to serve as a relative bright spot for efficient security. SFO's role as a vibrant international gateway -- connecting Silicon Valley innovation with global destinations -- remains strong. With wait times stable and innovations like United's app tracker rolling out, the airport aims to keep travelers informed and moving smoothly even amid federal uncertainties. Many who flew through SFO in recent weeks shared gratitude online for the predictable experience. "While friends complained about three-hour TSA lines elsewhere, we were at our gate in 45 minutes total at SFO," one Bay Area resident posted. As conditions evolve, travelers should monitor official SFO channels and airline apps for the latest advisories. For now, San Francisco International stands out as a smoother option for those able to route through the West Coast hub. Phoenix Sky Harbor and other TSA-direct airports have seen fluctuating improvements with auxiliary support like ICE agents, but SFO's private contractor advantage has provided consistent relief without such interventions. With passenger numbers rebounding and technology enhancements in place, SFO positions itself well for the busy months ahead. The airport's ability to maintain normal wait times during a national staffing crunch serves as a case study in operational resilience.
Bitcoin miners face a new rival for cheap power as Anthropic signs multi-gigawatt compute deal
Under pressure from rising costs and volatile mining economics, major bitcoin miners are increasingly shifting toward hosting AI workloads, positioning themselves as power and data-center infrastructure providers that also mine bitcoin rather than pure-play mining companies. Anthropic has announced a partnership with Google and Broadcom for "multiple gigawatts" of next-generation TPU compute capacity expected to come online starting in 2027, a commitment the company called its most significant to date as revenue growth accelerated to a $30 billion annual run rate from $9 billion at the end of 2025. The scale of AI compute demand is now competing directly with bitcoin mining for the same scarce resources -- grid connections, land permits, cooling infrastructure, and cheap electricity. A Cambridge tracker estimates bitcoin mining draws roughly 13 to 25 gigawatts of continuous power globally depending on hardware efficiency assumptions. Anthropic securing multiple gigawatts from a single deal, on top of existing capacity across AWS Trainium, Google TPUs, and Nvidia GPUs, shows just how quickly AI is becoming a peer-level competitor for the same energy infrastructure that miners depend on. And Anthropic is one company. OpenAI, which raised $122 billion last week and described compute as a "strategic moat," is building across an even wider infrastructure portfolio spanning five cloud providers and four chip platforms. The aggregate AI compute buildout now represents one of the largest sources of new electricity demand in the United States, arriving at the same moment bitcoin miners are deciding whether to mine bitcoin or rent their infrastructure to AI companies. That decision is increasingly going one direction. Core Scientific converted a significant portion of its mining capacity to AI hosting through a deal with CoreWeave. Iris Energy and Hut 8 have expanded their AI and high-performance computing revenue. Riot Platforms, MARA Holdings, and Genius Group disclosed selling more than 19,000 BTC from their treasuries last week, a sign that mining economics alone are not sustaining operations at current prices and difficulty levels. A bitcoin miner running a gigawatt of capacity earns revenue that fluctuates with bitcoin's price and network difficulty. The same gigawatt rented to an AI company earns a contracted rate with predictable cash flows. At $69,000 bitcoin with difficulty at all-time highs and energy costs rising alongside every other industrial consumer competing for the same grid capacity, the AI rental often pays better. The revenue numbers behind the expansion tell their own story. Anthropic said the number of business customers spending more than $1 million annually on Claude has doubled from 500 to over 1,000 in less than two months. None of this means bitcoin mining is dying, however. The network's hashrate continues to hit record levels above 1 zetahash per second. But the miners who survive the current cycle may look less like energy companies that produce bitcoin and more like infrastructure companies that happen to mine bitcoin on the side while renting their real asset, cheap power at scale, to an AI industry that cannot build data centers fast enough.
