Finance

Auto Added by WPeMatico

Anthropic’s near-$2tn IPO rests on a revenue forecast for 2028

Anthropic, Digital Marketing, Finance, SEO Tips, Technology /

According to a Reuters exclusive, the AI lab’s initial public offering hinges on an internal forecast that it will book between $190bn and $200bn of revenue in 2028, a previously unreported figure that bankers and investors are already leaning on to justify a price tag that could brush $2tn. The leap involved is the sort […]

This story continues at The Next Web

Anthropic’s near-$2tn IPO rests on a revenue forecast for 2028 Read More »

Nvidia halved its $250bn promise to OpenAI. Then it showed investors what it owns

Artificial Intelligence, Business, Digital Marketing, Finance, nvidia, SEO Tips, Technology, United States /

Anissa Gardizy reported the cut for The Wall Street Journal on 14 August. Under the new proposed terms Nvidia would initially backstop only half of the 10GW project, and it would decide about the rest later. A deal could be signed as soon as this weekend. The Journal says Nvidia made the change to address […]

This story continues at The Next Web

Nvidia halved its $250bn promise to OpenAI. Then it showed investors what it owns Read More »

Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more

Artificial Intelligence, Business, Design, Digital Marketing, Finance, SEO Tips, Startups and technology, Technology /

Emma Rapaport and Paul Smith reported the markdown for the Australian Financial Review on 14 August. The figure appears two ways and both are correct. It is $7.1bn in US dollars, and A$10bn, which is the number most headlines carried. The cut takes Blackbird and Airtree’s mark from $42bn to $34.9bn, a drop of 17%. […]

This story continues at The Next Web

Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more Read More »

Reddit is joining the S&P 500 with its stock down 31% this year

Artificial Intelligence, Business, Digital Marketing, Finance, SEO Tips, social media, Technology, United States /

The index provider announced the change on 13 August, in a release issued at 18:12 in New York. Reddit enters under the Communication Services sector. It trades on the New York Stock Exchange as RDDT. A second change follows two days later. Sun Communities replaces Webster Financial in the S&P MidCap 400 on 20 August. […]

This story continues at The Next Web

Reddit is joining the S&P 500 with its stock down 31% this year Read More »

DeepSeek built a Claude Code rival, then quadrupled its prices

Artificial Intelligence, Business, Digital Marketing, Europe, Finance, Next Featured, SEO Tips, Technology /

Start with the money, because it is the part every developer noticed. From 16 August, a million output tokens through DeepSeek-V4-Pro costs $3.96 at peak, up from $0.87. V4-Flash goes from $0.28 to $1.32, Bloomberg reported. Off-peak rates are half the new peak, so $1.98 and $0.66. Now hold those discount rates against last week’s […]

This story continues at The Next Web

DeepSeek built a Claude Code rival, then quadrupled its prices Read More »

Nebius revenue grew 454%. Most of the cash came from customers paying in advance

Artificial Intelligence, Business, Deep tech, Digital Marketing, Europe, Finance, SEO Tips, Technology /

Nebius rents out computing power. It buys Nvidia chips, puts them in data centres, and charges companies to train and run AI models on them. The trade calls this a neocloud. It is based in Amsterdam, listed on Nasdaq, and was spun out of the Russian internet company Yandex in 2024. On Wednesday it reported […]

This story continues at The Next Web

Nebius revenue grew 454%. Most of the cash came from customers paying in advance Read More »

AI compute becomes a tradable commodity on 5 October. The price goes public

Artificial Intelligence, Business, Digital Marketing, Europe, Finance, SEO Tips, Technology, United States /

Renting an Nvidia H100 for an hour costs whatever your supplier says it costs. There is no published price. Two companies buying identical capacity can pay very different rates, and neither of them will know. That changes on 5 October. CME Group, the exchange that lists crude oil and corn, will start trading two futures […]

This story continues at The Next Web

AI compute becomes a tradable commodity on 5 October. The price goes public Read More »

A billion-dollar game deleted a character in 8 days. Then it had the worst month of its life

Apps, Business, China, Digital Marketing, Finance, Gaming, SEO Tips, Technology /

In June, Love and Deepspace took about $38m across the App Store and Google Play. In July it took just over $10m, mobilegamer.biz reported this week, citing Sensor Tower. The game slid to 16th in the monthly gacha rankings, having never before dropped out of the top five. Put that against its own history and […]

This story continues at The Next Web

A billion-dollar game deleted a character in 8 days. Then it had the worst month of its life Read More »

Tencent’s AI compute bill outgrew its cash flow, and the fallback plan is becoming a landlord

Artificial Intelligence, Business, Digital Marketing, Europe, Finance, Gaming, SEO Tips, Technology /

Tencent reported second-quarter revenue of 204.8bn yuan ($30.4bn) on Wednesday, up 11% and ahead of forecasts. Net profit came in at 56bn yuan against the 61.8bn analysts expected, CNBC reports. Capital expenditure rose 176% on the year to 52.8bn yuan, about $7.8bn. Free cash flow swung to an outflow of 13.8bn yuan. Those four numbers […]

This story continues at The Next Web

Tencent’s AI compute bill outgrew its cash flow, and the fallback plan is becoming a landlord Read More »

Musk says SpaceX AI will out-earn rockets by September, and be trained on staff

Artificial Intelligence, Business, Digital Marketing, Finance, Future of work, SEO Tips, Technology, United States /

SpaceX posted a 30-minute all-hands to X on Tuesday. Elon Musk used it to make two claims, and they only make sense together. The first is a number. AI revenue will pass everything else the company sells by next month. The second is a method. SpaceX will train Grok on its own information, including the […]

This story continues at The Next Web

Musk says SpaceX AI will out-earn rockets by September, and be trained on staff Read More »

Shopping Cart