Just last week, Anthropic announced that it had raised $65 billion in a Series H funding round that valued the company at $965 billion -- making it the world's most valuable start-up. Now, the company's recent confidential S-1 filing is perhaps the clearest signal yet that participants in the artificial intelligence (AI) gold rush are marching toward the public markets. SpaceX's initial public off...
Just last week, Anthropic announced that it had raised $65 billion in a Series H funding round that valued the company at $965 billion -- making it the world's most valuable start-up. Now, the company's recent confidential S-1 filing is perhaps the clearest signal yet that participants in the artificial intelligence (AI) gold rush are marching toward the public markets. SpaceX's initial public offering will take place later this month, and AI chipmaker Cerebras (NASDAQ: CBRS) listed a couple of weeks ago. With all of this action underway, smart investors need to weigh the extraordinary promises being made against the sobering lessons from how the hottest IPOs have performed in recent years. Image source: Getty Images. Continue reading
Stocks looked set to slide again on Thursday after chip maker Broadcom’s third-quarter revenue guidance failed to wow Wall Street, reigniting some worries about how fast AI demand will accelerate. Futures tracking the S&P 500 declined 0.3%, and contracts tied to the tech-heavy Nasdaq 100 fell 1.1%. Dow Jones Industrial Average futures bucked the trend by climbing 234 points, or 0.5%.
Stocks looked set to slide again on Thursday after chip maker Broadcom’s third-quarter revenue guidance failed to wow Wall Street, reigniting some worries about how fast AI demand will accelerate. Futures tracking the S&P 500 declined 0.3%, and contracts tied to the tech-heavy Nasdaq 100 fell 1.1%. Dow Jones Industrial Average futures bucked the trend by climbing 234 points, or 0.5%.
India’s government is weighing spending cuts across parts of the budget as higher oil prices inflate subsidy bills and threaten to derail its fiscal consolidation plans, according to officials familiar with the matter. The options have been reviewed in meetings with Finance Minister Nirmala Sitharaman over the past month, although no decision has yet been made, the officials said, asking not to be...
India’s government is weighing spending cuts across parts of the budget as higher oil prices inflate subsidy bills and threaten to derail its fiscal consolidation plans, according to officials familiar with the matter. The options have been reviewed in meetings with Finance Minister Nirmala Sitharaman over the past month, although no decision has yet been made, the officials said, asking not to be identified because the discussions are private. There’s little appetite to reduce the budget on capital expenditure or defense, they said. Officials are instead reviewing other areas where spending could be trimmed, such as allocations for water resources and loans to states. A spokesperson for India’s Finance Ministry didn’t respond to a request for comment. Prime Minister Narendra Modi ’s government is facing mounting economic challenges as the Middle East conflict drags on. Oil import bills have surged, the currency has plunged to a record low, and inflation threatens to exceed the central bank’s 4% target. Economists warn that elevated oil prices could jeopardize the government’s goal of narrowing the fiscal deficit to 4.3% of gross domestic product in the year ending March 2027, potentially resulting in the first fiscal slippage since the pandemic. Data last week showed the fiscal deficit nearly doubled from a year earlier to 3.6 trillion rupees ($37.8 billion) in April, the first month of the financial year, as spending far outpaced revenue receipts. A widening budget deficit would require the government to raise revenue elsewhere or borrow more. The government is wary of increasing borrowing beyond budgeted levels because additional debt issuance could push bond yields higher, officials familiar with the matter said. India has budgeted 1.71 trillion rupees for fertilizer subsidies this fiscal year, but officials estimate the bill could almost double if global energy prices remain elevated. At the same time, a smaller-than-expected dividend payout from the central ba...
Olena Bartienieva/iStock via Getty Images Russia could use its edge in drone warfare and exploit a "window of opportunity" by the end of 2028 to invade the Baltic states, Latvia's military chief told the Financial Times . "Their advantage is the scalability of drones," said Kaspars Pudāns, Latvia's chief of defense. "They are able to quickly replenish the stocks, to have big numbers on a big scale...
Olena Bartienieva/iStock via Getty Images Russia could use its edge in drone warfare and exploit a "window of opportunity" by the end of 2028 to invade the Baltic states, Latvia's military chief told the Financial Times . "Their advantage is the scalability of drones," said Kaspars Pudāns, Latvia's chief of defense. "They are able to quickly replenish the stocks, to have big numbers on a big scale." As any direct conflict between Russia and NATO would likely happen in the Baltic states, Pudāns raised concerns over the alliance's slow pace in bolstering its eastern flank defenses. He noted that most army modernization programs in Europe are not expected to take effect until around 2029. "If I were in the Kremlin, I would say if we do something, then we should do it by the end of 2028." European officials are increasingly worried that Moscow might decide to attack the region earlier than previously thought. "There could be a couple of reasons to try something earlier," a senior defense official of a NATO frontline state told FT . "One is that Trump is only in office for another two years, and you don't know if what comes after him is as constructive. The second is that all European countries are ramping up defense spending, so it may make sense to move before then." Drone warfare has become central to the Ukraine war, with Russian and Ukrainian forces launching thousands of drones a day. These range from cheap strike drones to long-range autonomous systems. While Kyiv has proved adept at drone warfare, NATO forces have fewer drones and less experience using them on the battlefield. Still, NATO is conventionally stronger than Russia, particularly in air power. But Pudāns warned that NATO was still struggling to boost defense spending, build industrial capacity and deploy new capabilities along the eastern flank. More on defense JEDI: The High Beta Of Defense That The Market Needs Today Lockheed Martin shows off counter-drone system in live-fire test Surge in drone stoc...
SweetBunFactory/iStock via Getty Images E-commerce giant Amazon ( AMZN ) showcased the next-generation Proteus robot at its "Delivering the Future" event in Dartford, UK with deployment across European facilities scheduled for H1 2027. Unlike the current Proteus, which operates mainly in dock areas, the upgraded robot can work across entire warehouse floors. Scott Dresser, VP of Amazon Robotics, s...
SweetBunFactory/iStock via Getty Images E-commerce giant Amazon ( AMZN ) showcased the next-generation Proteus robot at its "Delivering the Future" event in Dartford, UK with deployment across European facilities scheduled for H1 2027. Unlike the current Proteus, which operates mainly in dock areas, the upgraded robot can work across entire warehouse floors. Scott Dresser, VP of Amazon Robotics, said , "You tell it what needs to be done. It figures out the priority, the route, the timing.” Amazon ( AMZN ) is committing over €10B to expand and upgrade its European fulfillment network with advanced robotics, alongside plans to create 25,000 additional jobs. Besides, the company said Alexa+, its next-generation AI assistant, will launch in 10 additional countries in 2027. The U.S. e-commerce giant also plans to expand STARK, a robotic tote-handling system that will reach 15 European sites by 2027, and highlighted Vulcan, its robot equipped with tactile sensing capabilities. The company is expanding Amazon Now, its rapid delivery service is to Manchester and Birmingham in the UK. The company is scaling up its Same-Day delivery network in Europe, targeting 25+ sites this year across cities including Coventry and Nürnberg. More on Amazon Amazon: The Stock Is Missing The AI Wave, But The Business Isn't Amazon Gets Paid Every Time Anthropic Grows Amazon: You Might Not Find A Better Chance To Double Down Now (Rating Upgrade) Amazon engineers support Seattle data center pause amid internal layoff backlash Most and least shorted consumer discretionary stocks with over $2B market cap as of May