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Apollo and Blackstone shop a $36bn debt deal to buy Anthropic its chips

The way to read the latest Anthropic financing is to notice who is not borrowing the money. Apollo Global Management and Blackstone are arranging roughly $36 billion of debt, but the loan does not sit on Anthropic’s balance sheet. It buys chips, and the chips get leased back. The two firms are bringing additional investors […]

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How to stop holding AI agents back

Developers of agentic AI have been making some big claims. The promise has been of autonomous systems that can do everything, from booking our flights and keeping an eye on competitors in real time to handling entire procurement cycles , all without needing an actual human to hit “confirm.” And while the technology needed to […]

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Blue Origin explosion is a major setback for NASA’s Moon plans and Amazon’s Starlink competitor

While Blue Origin investigates the root cause behind last night’s spectacular explosion of its New Glenn rocket, it’s already clear that this will be a major setback for NASA’s Moon base plans and Amazon’s fledgling Leo space internet constellation. The incident occurred at about 9pm at Blue Origin’s Florida launch site during a hot-fire test, […]

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SpaceX has cut its IPO valuation target to $1.8 trillion as marketing begins next week

SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, down from the $2 trillion-plus it was aiming for as recently as April, according to Bloomberg. The target was adjusted after consultations with advisers and investors, and could still move higher depending on feedback during the formal marketing period, which is […]

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