News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic delays IPO launch to mid-October at earliest, Reuters reports By Investing.com
Investing.com -- Anthropic is now expected to begin marketing its initial public offering in mid-October at the earliest, Reuters reported exclusively on Friday, citing people familiar with the matter. The artificial intelligence company could complete the listing just days before the U.S. midterm elections in November. Anthropic had previously been expected to make its IPO prospectus public as early as next week, a key step toward launching the offering. Publication of the prospectus is now expected in late September, according to the report. The plans, including the timing of the offering, remain subject to change as the company works through preparations for the listing. The revised schedule pushes back what some investors have said could be a $2 trillion listing, potentially making it one of the largest IPOs ever attempted. The offering would also provide a major test of public-market investor appetite for companies benefiting from rapid growth in artificial intelligence. As part of its IPO preparations, Anthropic is seeking to finalize a $15 billion revolving credit facility. Analysts, including those at banks involved in the financing, are expected to meet with the company after the facility is completed. Companies typically leave several weeks between analyst meetings and publishing an IPO prospectus. Anthropic could operate on a tighter timetable as analysts involved in the process are already familiar with the company. Morgan Stanley (NYSE), Goldman Sachs (NYSE), JPMorgan Chase (NYSE) and Citigroup (NYSE) are among the banks working with Anthropic on the IPO. The potential listing comes as investors seek greater public-market exposure to major AI companies. OpenAI is also among the firms considering a potential listing, following SpaceX's record $1.77 trillion public-market debut in June. Anthropic declined to comment on its IPO plans.
Anthropic set to finalize $15 bln credit facility ahead of IPO - Bloomberg By Investing.com
Investing.com-- Anthropic is set to finalize an expansion of its revolving credit facility to $15 billion, clearing a key hurdle ahead of a highly anticipated initial public offering, Bloomberg News reported on Thursday, citing people familiar with the matter. Morgan Stanley (NYSE:MS) is leading the process, while Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C) also have prominent roles on the facility, according to the report. The four banks are also leading Anthropic's IPO. Get real-time updates on market-moving news with InvestingPro Barclays (LON:BARC) and Wells Fargo (NYSE:WFC) are expected to have key roles on the loan, while Bank of America (NYSE:BAC), Deutsche Bank (ETR:DBKGn), Royal Bank of Canada (BMV:RYN) and UBS (NYSE:UBS) are also high in the facility's lineup, Bloomberg reported. The credit line would be substantially larger than Anthropic's roughly $10 billion target and its $2.5 billion five-year facility secured last year. Anthropic is seeking to raise as much as SpaceX or more in its IPO, the report said. The Claude chatbot maker's annualized revenue has surpassed $65 billion, Bloomberg previously reported. Details of the credit facility could still change, the report added.
Nscale doubles contracted revenue to $103 billion after Anthropic win - report By Investing.com
Investing.com -- UK-based neocloud provider Nscale is informing prospective investors that its total contracted revenue has expanded to approximately $103 billion, bolstered by a landmark $45 billion computing deal with Anthropic, according to investor materials reviewed by The Information. The Nvidia-backed infrastructure firm could launch an initial public offering as soon as this month, utilizing the massive backlog to demonstrate sustained enterprise demand for specialized artificial intelligence compute capacity. Nscale had previously disclosed $51 billion in contracted revenue prior to finalizing the Anthropic agreement and landing additional commitments from other AI-native clients. While the signed lease contracts carry an average duration of 5.7 years, equating to an annualized average of roughly $18 billion, a person familiar with the discussions cautioned that the metrics are illustrative and not intended as formal revenue guidance. Beyond its long-term pipeline, internal documents reveal rapid sequential acceleration in Nscale's underlying business, with second-quarter revenue estimated to have topped $100 million. That figure marks a substantial increase from approximately $37 million recorded in the first quarter, notably without yet reflecting any financial contributions from the newly secured Anthropic contract. The sheer scale of the contract additions underscores how specialized neocloud providers are leveraging intense AI compute demand to carve out market share ahead of major market debuts. Against that backdrop, prospective public investors will likely scrutinize how efficiently Nscale can convert its expanding illustrative backlog into realized, high-margin revenue over time.
Anthropic signs $35 billion cloud deal with Nvidia-backed Lambda, source says By Reuters
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Polymarket stands ready to fight misconduct as US midterms loom, intel chief says By Reuters
WASHINGTON, Aug 31 (Reuters) - Prediction market company Polymarket is fully prepared to police trading on its platform as the approaching U.S. midterm elections test the industry's controls, the company's new global head of investigations and intelligence told Reuters. Polymarket is also working to keep U.S. users off its international platform, as required by an enforcement settlement it reached with U.S. regulators in 2022, said Shana Bautista, a former Coinbase analyst and FBI investigator. "I'm confident that I'm able to get the resources and the support I need," Bautista told Reuters in her first interview since joining Polymarket in June. "I can tell you that we have the systems in place to be able to identify anomalous activity when the midterms do come." Polymarket is under pressure from U.S. lawmakers worried fast-growing prediction markets are creating new avenues for insider trading and may threaten national security and election integrity -- by undermining confidence in candidates and election officials or casting doubt on race results, among other possibilities. Many states are meanwhile suing to kick the industry out of sports betting. Polymarket's international platform settles trades on a blockchain, meaning wagers are public, although traders remain anonymous. Critics say that's a recipe for misconduct. Bautista said Polymarket's blockchain nevertheless provides highly valuable information about trader activity. The company, which was founded in 2020, says it has been beefing up controls and plans to provide more transparency around how it polices wagers. It is launching a new web page explaining how it protects market integrity and cooperates with law enforcement, a spokesperson said. Bautista said the web page will outline how Polymarket uses machine learning, blockchain analytics, trade surveillance, open source research and third-parties to spot and stop malicious activity. "The market integrity program itself is not new, but what we're putting on the record now is considerably more detail about how it operates," she said. The company says it has referred more than a hundred cases to law enforcement. Bautista said those include a wallet used by a U.S. soldier who prosecutors say used classified information to bet on the capture of Venezuela's Nicolas Maduro, and many possible insider bets on U.S. military actions in Iran that Reuters reported earlier this month. The Commodity Futures Trading Commission in 2022 fined Polymarket for failing to register with the agency and required it to bar U.S. users, but analysts say there is evidence that U.S. users continue to trade on the platform. Bautista said she believes the company's systems are sufficient to block the vast majority of U.S. users. "It is difficult at scale to be able to consistently and always evade all of the guardrails we have," said Bautista. "I do not see it being a really prevalent issue." Under President Trump's administration, which has embraced prediction markets, federal regulators dropped a probe into whether Polymarket had breached the settlement. CEO Shayne Coplan said at the time that the company had been cleared of wrongdoing. Polymarket re-entered the U.S. by acquiring a U.S.-registered exchange last year.
Cathie Wood's ARK sells AMD stock, buys Cerebras Systems By Investing.com
Cathie Wood's ARK ETF published their daily trades for Tuesday, August 25th, 2026, showcasing a strategic shift in its portfolio. The most significant move was a purchase of 93,290 shares of Cerebras Systems Inc (CBRS) across its ARKK and ARKW ETFs, amounting to a total dollar value of $17,298,764. This acquisition aligns with ARK's ongoing interest in the company, as reflected in previous trades. On the selling side, ARK divested 44,062 shares of Twist Bioscience Corporation (TWST) through its ARKK ETF, totaling $6,203,929. This sale follows a trend of reducing its position in Twist Bioscience, as observed in recent trading sessions. Advanced Micro Devices, Inc. (AMD) also saw a reduction in ARK's holdings, with the sale of 7,600 shares through its ARKW ETF, valued at $3,471,300. This continues ARK's recent pattern of offloading AMD shares. In another notable transaction, ARK sold 57,819 shares of Tempus AI, Inc. (TEM) through its ARKK ETF, amounting to $3,825,883. This move suggests a reevaluation of ARK's position in the AI sector. Additionally, ARK offloaded 8,945 shares of Roblox Corp (RBLX) through its ARKK ETF, with a total value of $346,708, further reducing its stake in the gaming platform after consistent sales over the past week. Perceptive Capital Solutions Corp (FRNM) saw ARK increasing its investment with the purchase of 14,549 shares through its ARKG ETF, totaling $200,485, marking a continued interest in this company. Lastly, ARK sold 9,063 shares of Brera Holdings PLC (SLMT) across its ARKK, ARKW, and ARKF ETFs, with a total dollar value of $37,702, maintaining its trend of decreasing exposure to this entity. These trades reflect ARK's dynamic approach to portfolio management, balancing between technology and biotech investments while realigning its focus on emerging opportunities. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
