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Anthropic seeks 50.1% voting control for founders, The Information reports

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Anthropic wants its seven co-founders to keep control of the company after it goes public. The company is asking shareholders to approve a special class of shares for them, The Information reported on Thursday. Chief executive Dario Amodei and his six co-founders would hold a combined 50.1% of the vote on most corporate matters. The […]

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Anthropic signs $11.6bn Akamai cloud deal and gets warrant for 5% of Akamai

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Anthropic has signed an $11.6bn, seven-year agreement to use Akamai’s cloud infrastructure, Akamai announced after the US market closed on Thursday. The deal can grow by a further $9bn, which would take the total to about $20bn. As part of the deal, Akamai issued Anthropic a warrant for 7.7 million shares on an as-converted basis, […]

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DeepSeek’s annualised revenue run rate reaches $1bn, report says

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Chinese AI lab DeepSeek is now bringing in revenue at an annualised rate of $1bn, The Information reports, more than double the under $500M it was running at a few months ago. The report cites two people with direct knowledge of the matter, and DeepSeek has not commented. It puts the jump down to a […]

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Meta jumps 11% as investors bet on its Muse agent

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Meta’s shares closed up 11.43% at $741.25 on Monday as investors piled into the company’s bet on AI agents. Trading volume hit 48.5 million shares, well above the three-month average, The Motley Fool reported. The rally made Mark Zuckerberg about $25bn richer in a single session, lifting his fortune to an estimated $253.6bn, as Mary Whitfill Roeloffs […]

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OpenAI told investors in February its compute bill would be around $600bn. A July presentation puts it at $856bn.

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The Financial Times reported that OpenAI expects negative free cash flow of $278bn between 2026 and 2030, from a July presentation prepared for a computing deal. That figure is an improvement on the roughly $305bn the company projected in May, while the compute and infrastructure line has risen to about $856bn against the roughly $600bn […]

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OpenAI told investors in February its compute bill would be around $600bn. A July presentation puts it at $856bn. Read More »

Revolut plans a dual London and Nasdaq listing, Storonsky tells Les Echos

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“In reality, we are currently planning a dual listing, on the London Stock Exchange and the Nasdaq,” Nik Storonsky told Les Echos. The Revolut founder was in Paris on Monday. Gabriel Nédélec and Ingrid Feuerstein interviewed him for the French paper, which published on Thursday. It is the first time he has pointed to a […]

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SoftBank expands $6.05bn credit facility to $6.5bn with 20-plus banks

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SoftBank Group has added $450m to an existing credit line, lifting the facility to $6.5bn, people familiar with the matter told Bloomberg. Set against what the company is spending on OpenAI, the sum is a rounding error. Set against the week SoftBank has just had, it is more like a seatbelt. The previous facility, worth $6.05bn, […]

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“An ill-advised moment to go public”: OpenAI eyes a $1.5tn private round

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“Right now would be an ill-advised moment to go public,” OpenAI chief executive Sam Altman told Fortune on 12 September. Now OpenAI is considering one more private funding round before its IPO, at a valuation of about $1.5tn. The New York Times reported the plan on 16 September, citing people familiar with the matter. The […]

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Revolut gets its Colombian banking licence, its sixth worldwide

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Revolut has received its licence to operate from Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC). The company said the licence is the last regulatory step it needs before it launches in the country. Revolut announced the approval on 15 September. The licence allows it to operate as a regulated bank in Colombia. Around […]

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Revolut gets its Colombian banking licence, its sixth worldwide Read More »

Anthropic expects a second straight quarter of adjusted operating profit

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Anthropic has told shareholders it expects positive adjusted operating income for a second straight quarter, the Financial Times reported on Sunday, citing several people with knowledge of the matter. CNBC reported the same on Monday, citing two people familiar with the matter. The FT also reported that Anthropic’s gross margins are above 80%. That figure […]

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