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Anthropic begins testing IPO waters, hires specialist firm that helped Google

Anthropic has started laying the groundworks for an initial public offering. — With a valuation north of $300 billion, Anthropic would be one of the world’s largest IPOs. (Picture: generated)

Just as the AI lab is chasing a funding round said to value it at more than $300 billion, The Financial Times reports they are also considering going public.

This stems from hiring Wilson Sonsini, which assisted Google and LinkedIn in their initial public offerings, and apparently having talks with «big investment banks.» They have also hired Krishna Rao, the former Airbnb executive who played a key role in their IPO in 2020, CNBC says.

The timeline does not seem clear, while the report indicates that it could happen as soon as 2026, it also notes that the talks are in informal and early stages.

Anthropic has 300,000 business and enterprise customers, and is aiming to triple its annual revenue to around $26 billion next year, Reuters writes.

Its IPO could be one of the biggest ever, and would be a test of investors’ appetite for loss-making companies with huge investment bills, FT notes.

Read more: Scoop by The Financial Times, writeups from Reuters and CNBC.

SoftBank sold $5.83 billion of its Nvidia stock in October: Here’s why

People were thinking SoftBank had seen a bubble forming. Far from it, according to its CEO. — The massive stock sale fueled a lot of rumors and worries. (Picture: generated)

Known for its massive stakes in emerging technologies, SoftBank’s disclosure of the sale caused a 2% dip in Nvidia’s share price and inflated talk of an AI bubble.

Now CEO Masayoshi Son has revealed that it certainly wasn’t because they were taking profit before any downturn. On the contrary:

— I was crying to sell Nvidia shares, he told the FII Priority Asia forum in Tokyo, and says he «didn’t want to sell a single share,» adding that «I respect Jensen, I respect Nvidia so much,» according to Business Insider.

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UN: AI market to reach $4.8 trillion, 40% of jobs to be affected

The United Nations are worried developing nations will miss out on AI. (Picture via www.localdigital.com.au)

The UN Trade and development organization doesn’t think AI will simply go away, predicting instead that nearly half of all jobs will be affected by 2033.

They also warn that only a hundred corporations control the technology, and say the difference between developed and developing nations will grow as the technology gets unevenly rolled out.

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