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Anthropic and Wall Street are building a $1.5bn pipeline into private equity

A joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and General Atlantic will sell Claude into the buyout firms’ portfolio companies. OpenAI’s DeployCo arrived first; this one is bigger. There is a kind of business school question that has been quietly answered over the past month, without anyone formally asking it. The question is: […]

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Spirit Airlines shuts down after Trump’s war on Iran doubled jet fuel prices

The ultra-low-cost air carrier Spirit Airlines shut down operations after 34 years in business and canceled all flights just after midnight Saturday morning. Its website now redirects to spiritrestructuring.com, instructing fliers not to go to airports, with air traffic control records capturing controllers and pilots signing off to each other as its last flights came […]

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AI chipmaker Cerebras targets up to $4bn IPO at $40bn valuation

After a CFIUS-induced retreat in 2024, the wafer-scale chip startup is back with an OpenAI deal in its pocket and a sharper bet against Nvidia. Eighteen months ago, Cerebras Systems looked like a cautionary tale. The Sunnyvale-based AI chip startup had filed for an initial public offering in September 2024, only to see its plans […]

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GameStop eyes eBay takeover in audacious $46 billion bet on Ryan Cohen’s e-commerce vision

The video game retailer that meme traders saved from oblivion is now eyeing one of the internet’s oldest marketplaces. GameStop Corp is preparing a bid to acquire eBay Inc, according to a Wall Street Journal report published on 1 May 2026, sending eBay shares surging more than 13% in after-hours trading. The move would be […]

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SpaceX has spent more than $15 billion on Starship and is racing to make rocketry resemble an airline schedule

SpaceX has spent more than $15 billion developing its Starship megarocket and is pushing for a launch cadence that would make space access resemble an airline schedule rather than a government programme, Reuters reported on Friday, drawing on the company’s confidential pre-IPO prospectus. The figure quantifies, for the first time, the cumulative cost of the […]

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Uber acquires rival Fly Taxi in Hong Kong, Sing Tao reports

Uber has acquired the main remaining alternative taxi-hailing app in the city. Acquired five months before Hong Kong’s new ride-hailing licences are expected to come into force, the move locks in Uber’s consolidated position before competitors Didi, Tada and Amap can use the licensing transition as an opening. Uber is acquiring Hong Kong’s Fly Taxi, […]

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