Anthropic retracts $69bn IPO plans after sending inaccurate figures to banks Tech Anthropic has withdrawn pricing details for its highly anticipated stock market debut after telling bankers it planned to raise as much as $69.3bn (£53bn), before claiming the figures were inaccurate. The Claude developer circulated a securities filing on Monday outlining plans to sell approximately 867 million shares at between $70 and $80 apiece, Reuters reported. [...]
Anthropic’s $1.5 trillion IPO in doubt as AI sell-off spooks investors Tech Anthropic’s blockbuster $1.5 trillion (£1.1 trillion) stock market listing could be delayed or forced into a dramatic valuation cut after a brutal Wall Street sell-off left investors questioning the price tag on one of the world’s most valuable AI firms. The ChatGPT rival is facing growing pressure to lower its valuation as a rout in [...]
New ‘founder relief’ is meant to boost entrepreneurs, but can anyone name a founder who qualifies? Opinion A new tax rate of 10 per cent capital gains on up to £10m lifetime gains is designed to encourage and reward founders, but the draft rules are so narrowly drawn that hardly anyone will qualify, says John Manis In the film My Fair Lady, the heroine’s father, Alfred P Doolittle, makes a memorable case [...]
Blackmail, deception and extinction: The AI risks revealed in Anthropic’s IPO pitch October 27, 2026 The Claude maker has warned of catastrophic AI failures, enormous infrastructure costs, huge circular investments and limited shareholder rights, as analysts question whether this blockbuster listing can justify a $2 trillion valuation. Anthropic has devoted 92 pages of its IPO prospectus to risks ranging from the potential extinction of humanity to AI systems resisting shutdown, [...]
Anthropic reveals $80bn loss as AI giant files for blockbuster IPO October 26, 2026 Anthropic has revealed an $80.7bn (£60bn) first-half loss as the AI giant filed for a blockbuster US stock market listing that could value the company at up to $2 trillion. The Claude developer published its long-awaited IPO prospectus with the US Securities and Exchange Commission on Monday, offering investors their first detailed look at its [...]
Musk and Anthropic seek to temper AI backlash with billion-dollar giveaways October 19, 2026 Elon Musk and AI giant Anthropic have announced plans for multibillion-dollar public giveaways, as Silicon Valley faces mounting scrutiny over AI’s impact on jobs and safety. Musk pledged on Monday to give every American child a share in SpaceX, in a giveaway potentially worth $10.5bn (£7.9bn), hours after Anthropic announced plans to put at least [...]
‘Rogue’ OpenAI agents blamed for Wikipedia outage as safety concerns mount October 6, 2026 “Rogue” OpenAI agents have been blamed for helping knock a Wikipedia service offline, the latest in a string of incidents involving the ChatGPT maker’s increasingly autonomous technology. The Wikimedia Foundation said agents it believes were operated by OpenAI flooded its platforms with millions of automated requests, crawled millions of pages and made hundreds of thousands [...]
Nvidia launches AI agent safeguards alongside record buyback September 28, 2026 Nvidia has launched new safeguards designed to stop AI agents breaking out of controlled environments, after a series of security incidents have fuelled calls for tighter oversight of the technology. The chip giant said its Open Agent Safety Platform could have prevented OpenAI agents from breaching Hugging Face earlier this year, when thousands of agents [...]
Miliband: ‘We cannot leave it to corporations’ as UK takes on Big Tech over AI September 28, 2026 Ed Miliband has vowed Britain will use its G20 presidency next year to push for global rules on AI, warning governments “cannot leave it to corporations” to police the technology. The foreign secretary said the economic potential of AI was “inspiring” but warnings from the companies developing the technology meant governments needed to act. “The [...]
I’m an AI investor: here’s why I just deleted Claude September 23, 2026 Anthropic’s messianic pronouncements are no longer like a marketing strategy, but a religious playbook, says Lewis Liu I canceled my personal Claude subscription this week and deleted years of work. I don’t object to the technology (I’m an AI investor currently working at the sharp end of its capabilities) but I believe that tone and [...]