In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNT Dario Amodei, co-founder and chief executive officer of Anthropic, during the company's Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Samyukta Lakshmi | Bloomberg | Getty Images Anthropic has been chasing OpenAI since the launch of ChatGPT in late 2022. It appears to have finally caught up. The artificial intellig...
In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNT Dario Amodei, co-founder and chief executive officer of Anthropic, during the company's Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Samyukta Lakshmi | Bloomberg | Getty Images Anthropic has been chasing OpenAI since the launch of ChatGPT in late 2022. It appears to have finally caught up. The artificial intelligence startup, founded five years ago by former OpenAI execs, is in talks with investors to raise money at a $900 billion valuation, according to a person familiar with the matter. No term sheet has been signed and talks are ongoing, said the person who asked not to be named because the discussions are private. An Anthropic spokesperson declined to comment. Bloomberg was first to report on the potential financing. OpenAI was valued at $852 billion in late March after closing a record-breaking $122 billion funding round. Large contributions came from strategic investors, including up to $50 billion from Amazon , $30 billion from Nvidia and $30 billion from SoftBank. Anthropic, meanwhile, was valued at $380 billion as of February. As it's been racing to keep pace with OpenAI in recent years, Anthropic has become best known for developing a family of AI models called Claude. The company released its latest model, Claude Opus 4.7, earlier this month, which it described as its best generally available offering. But just days prior, Anthropic captivated Wall Street by unveiling Claude Mythos Preview , a model with advanced cybersecurity capabilities that's only available to a select group of companies. Mythos has sparked a number of high-profile meetings between members of the Trump administration , tech CEOs and bank executives in recent weeks, and the model is part of the reason Anthropic is seeking fresh capital. The company needs to be able to purchase the compute that it needs in order to run Mythos, said the source familiar with its plans. Compute has been top of mind for An...
King Charles III gathered leaders of some of the world’s biggest companies to encourage US-UK investment, as he swung through New York as part of a state visit aimed at shoring up ties between the two allies. Charles met senior executives from Bank of America Corp. , Blackstone Inc. , Comcast Corp. , Alphabet Inc. ’s Google, JPMorgan Chase & Co. , OpenAI and Tishman Speyer during a gathering at Ro...
King Charles III gathered leaders of some of the world’s biggest companies to encourage US-UK investment, as he swung through New York as part of a state visit aimed at shoring up ties between the two allies. Charles met senior executives from Bank of America Corp. , Blackstone Inc. , Comcast Corp. , Alphabet Inc. ’s Google, JPMorgan Chase & Co. , OpenAI and Tishman Speyer during a gathering at Rockefeller Center on Wednesday. Representatives from GSK Plc , Octopus Energy Group Ltd. and Rolls-Royce Plc also attended the event designed to showcase US-UK commercial ties across the creative, energy, healthcare, financial services and technology industries. The British monarch and his wife, Queen Camilla , focused on economic and cultural exchanges on the third day of a visit timed to mark the 250th anniversary of America’s independence. Earlier, Charles was joined by New York City Mayor Zohran Mamdani and former Mayor Michael Bloomberg while paying his respects at the memorial to the Sept. 11 attacks. The trip to America’s financial capital follows a day of pageantry in Washington, DC, which saw Charles meet President Donald Trump at the White House and address a joint session of Congress. He attended a state banquet alongside Amazon.com Inc. founder Jeff Bezos , Apple Inc.’s Tim Cook , Nvidia Corp.’s Jensen Huang , venture capitalist Marc Andreessen and Blackstone Inc. ’s Steve Schwarzman . Trump on Wednesday, however, reiterated his complaints about UK Prime Minister Keir Starmer’s refusal to commit resources to the US-led conflict with Iran, even as he heaped praise on Charles. Still, the president acknowledged that “when you like the king of a country so much, it probably helps your relationship with the prime minister.” Earlier: King Charles Urges US to Reject Isolationism in Speech In an usually pointed speech to Congress on Tuesday, Charles urged US lawmakers to reject isolationism and maintain America’s leadership in the world. He said that ideals the two count...
As bank earnings approach, all eyes will be shifting toward ANZ, with the lender’s upcoming results on Friday a test for chief Nuno Matos ’s first year of leadership. His tenure so far has been marked by a number of cost-cutting measures, with investors now looking at the next phase of his strategy to drive revenue gains. Overnight, Australian investors are waking up to a series of market developm...
As bank earnings approach, all eyes will be shifting toward ANZ, with the lender’s upcoming results on Friday a test for chief Nuno Matos ’s first year of leadership. His tenure so far has been marked by a number of cost-cutting measures, with investors now looking at the next phase of his strategy to drive revenue gains. Overnight, Australian investors are waking up to a series of market developments out of the US that are sure to drive sentiment in local trading. The Federal Reserve held rates as widely expected , with Chair Jerome Powell reaffirming his intention to remain on the Board of Governors. Tech giants including Meta, Alphabet, Microsoft, Amazon and Qualcomm also reported earnings that had mixed market reactions. - Carmeli Argana, Australian stocks reporter What’s happening now The hard-charging overhaul of ANZ Group by Nuno Matos is entering its second year . Since taking the helm in May last year, Matos has slashed costs, unveiled plans to cut more than 3,000 staff, upended its executive ranks and is attempting to reset a corporate culture that put the firm in the cross hairs of regulators. ANZ’s results will come in the wake of inflation staying too high. Australia’s consumer prices remained above the top of the Reserve Bank’s 2-3% target band as higher fuel costs from Middle East supply disruptions compounded already-elevated price pressures to keep policymakers on a tightening path. Meantime, Prime Minister Anthony Albanese said his government wouldn’t “undermine” existing liquefied natural gas exports with new taxes, warning that doing so during a global energy crunch would risk investment and fuel security. New South Wales will open new areas for gas exploration for the first time in more than a decade, to shore up energy security ahead of shortfalls on the country’s populous east coast. In merger news, outdoor advertising company oOh!media is evaluating a takeover bid from Pacific Equity Partners that values the company at A$746.9 million ($537 m...
Earnings Call Insights: TPG RE Finance Trust, Inc. (TRTX) Q1 2026 Management View “For the first quarter, our performance reflects our disciplined approach to risk management as we maintain stable risk ratings and 100% performing loan portfolio at quarter end,” said CEO Doug Bouquard. “We saw no negative credit migration in the quarter with risk ratings unchanged at 3.0 and CECL reserves essential...
Earnings Call Insights: TPG RE Finance Trust, Inc. (TRTX) Q1 2026 Management View “For the first quarter, our performance reflects our disciplined approach to risk management as we maintain stable risk ratings and 100% performing loan portfolio at quarter end,” said CEO Doug Bouquard. “We saw no negative credit migration in the quarter with risk ratings unchanged at 3.0 and CECL reserves essentially flat quarter-over-quarter.” Bouquard highlighted office paydowns and portfolio repositioning: “In April, TRTX received the full payment of 575 Fifth Avenue, which was our largest office exposure and the material partial repayment on another office loan. And as a result, our office exposure is now less than 5% of our current balance sheet.” He added, “67% of our balance sheet comprised of 2023 and new loan originations.” On capital deployment and buybacks, Bouquard said: “Thus far this year, we've closed $324 million of loans and have another $535 million of executed term sheets,” and “Since the year began through April 27, we repurchased over 1 million shares of common stock for a total consideration of $8.7 million at an average price of $8.07 per share.” CFO commentary came from Chief Accounting Officer & Interim CFO Brandon Fox: “For the first quarter of 2026, TRTX reported GAAP net income of $15.2 million. Distributable earnings for the quarter was $19.5 million or $0.25 per common share, a 1.04x coverage ratio of our first quarter common stock dividend of $0.24 per share.” Ryan Roberto (Head of Capital Markets & Asset Management) addressed REO posture: “Our plan is to sell some assets this year as well. The majority of our REO is focused on multifamily, which there is some seasonality to leasing and some other things that we're kind of nearing the corner on.” Outlook The company did not provide formal EPS or revenue guidance in this transcript; Bouquard’s framing centered on balance sheet remix and origination execution: “I expect we will finish 2026 with a substant...
Most Americans cannot tell you who built the battery in their electric vehicle. They know the badge on the hood, the lease payment, and the range estimate. The cell underneath, the single most expensive part of the car, is anonymous to them. That anonymity is by design. Automakers prefer it. They ...
Most Americans cannot tell you who built the battery in their electric vehicle. They know the badge on the hood, the lease payment, and the range estimate. The cell underneath, the single most expensive part of the car, is anonymous to them. That anonymity is by design. Automakers prefer it. They ...
Earnings Call Insights: American Assets Trust (AAT) Q1 2026 Management View "We started 2026 in line with our expectations, generating $0.51 of FFO per diluted share and continuing to make progress against the priorities we laid out last quarter." (CEO, President & Secretary Adam Wyll) "On April 1, we successfully completed the recast and upsize of our unsecured credit facility. We increased our r...
Earnings Call Insights: American Assets Trust (AAT) Q1 2026 Management View "We started 2026 in line with our expectations, generating $0.51 of FFO per diluted share and continuing to make progress against the priorities we laid out last quarter." (CEO, President & Secretary Adam Wyll) "On April 1, we successfully completed the recast and upsize of our unsecured credit facility. We increased our revolving line of credit from $400 million to $500 million and extended the maturity of the revolver and our $100 million term loan to April 1, 2030." (CEO, President & Secretary Adam Wyll) "During the quarter, we executed approximately 237,000 square feet of office leases with comparable cash leasing spreads of 4.8% and straight-line leasing spreads at 10.6%." (CEO, President & Secretary Adam Wyll) "Since then, we learned that Genentech at Lloyd District, approximately 67,000 square feet reversed course on a short-term renewal and will be vacating in Q4." (CEO, President & Secretary Adam Wyll) "Retail remains a source of consistent, reliable performance. Our retail portfolio ended the quarter 98% leased, and we executed approximately 39,000 square feet of leasing during the period with average base rents reaching a new portfolio record of $30 per square foot." (CEO, President & Secretary Wyll) "Our first quarter dividend payout ratio was approximately 111%, driven primarily by the timing of leasing-related capital expenditures, including tenant improvements, leasing commissions and our spec suite program." (Executive VP, Treasurer & CFO Robert Barton) Outlook "We are reaffirming our full year FFO guidance range of $1.96 to $2.10 per share with a midpoint of $2.03." (Executive VP, Treasurer & CFO Barton) "Based on our current outlook, we believe we are well positioned to achieve our full year objectives with potential to trend towards the upper end of the range if several factors align." (Executive VP, Treasurer & CFO Barton) "Last quarter, I mentioned our goal of ending the...