Blackmail, deception and extinction: The AI risks revealed in Anthropic’s IPO pitch AI 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, [...]
Pension reform means Brits don’t have to wait for billionaires to give them shares Opinion American children may be being given SpaceX shares, but UK pension reforms means Brits can access superstar companies through their savings.
Baillie Gifford US Growth Trust narrowly defeats Saba’s third oust attempt Investing Baillie Gifford US Growth Trust has survived the third attempt by activist hedge fund Saba Capital to oust its board. Shareholders quashed the efforts of the Boaz Weinstein-run fund to take control of the £1.1bn investment trust by a narrow margin, with 52.8 per cent voting against Saba’s resolution to appoint three of its nominees [...]
Tesla-SpaceX merger could fuel AI spending spree across Musk’s $3.5 trillion empire October 23, 2026 Elon Musk’s proposed $3.5 trillion (£2.6 trillion) merger of Tesla and SpaceX could unlock a wave of AI investment, giving the billionaire greater access to cash and borrowing power as he races to expand his tech empire. Analysts said combining the two businesses could help Musk fund his increasingly expensive AI ambitions, bringing together Tesla’s [...]
Elon Musk’s flying car should fill us with wonder, not culture war cynicism October 22, 2026 Flying cars have been a dream for 100 years, but culture war cynicism is preventing us from getting excited about Elon Musk's Roadster.
Meet the man behind London’s biggest new factory since the Second World War October 20, 2026 Isembard’s Alexander Fitzgerald is on a mission to revitalise Britain’s high-precision manufacturing industry. Ali Lyon visits the company’s new London site to talk policy, patriotism and intergalactic growth Amid the whirring sound of robotic machines, Alexander Fitzgerald is excitedly explaining why the only thing on the wall of his cavernous factory is a brightly illuminated, [...]
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 [...]
Since SpaceX’s debut, hopes of a blockbuster IPO season have ground to a halt October 6, 2026 It was hoped SpaceX’s blockbuster June flotation would add rocket boosters to the global IPO market. But four months on, momentum has come crashing back down to earth. Wall Street IPOs have slowed considerably since Elon Musk’s $75bn (£56.7bn) listing, damaging what was once expected to be a quarter chock-full of floats. Smart-ring maker Oura [...]
SpaceX float ‘could kickstart mega IPO access for British retail investors’ September 1, 2026 SpaceX’s use of the UK’s new public offer platform to raise hundreds of millions of pounds from British retail investors could encourage a wave of large US companies to follow suit, according to one of the brokers that orchestrated the deal. The public offer platform (POP), introduced by the financial watchdog in January, was designed [...]
Saba revives attack on Baillie Gifford trust August 24, 2026 Notorious activist hedge fund Saba Capital has launched a fresh assault on one of Baillie Gifford’s largest investment trusts, proposing three candidates to be installed on the vehicle’s board. In the latest offensive in a long-running onslaught on London-listed trusts, the Boaz Weinstein-run fund put forward a trio of executives for shareholders to consider for [...]