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Anthropic ‘warns of existential AI risks to humanity’ in IPO document

ai, AI (Artificial Intelligence), anthropic, Artificial Intelligence, Business, Computing, Internet, Internet IPOs, ipos, Technology, World news

Reported admission to investors of AI’s ‘self-preserving behaviours’ comes as company prepares for a potential $2tn flotationAnthropic is telling investors that advanced AI could pose “catastrophic or existential risks to humanity”, according to reports, as it prepares for a potential $2tn (£1.5tn) flotation.The warning inside the startup’s IPO prospectus, which has yet to be made […]

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Nick Clegg could make £30m windfall from datacentre startup Nscale flotation

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Computing, Datacentres - UK, infrastructure, ipos, Meta, Nick Clegg, Politics, Sheryl Sandberg, Stock markets, Technology, Technology sector, Technology startups, UK news

The former UK deputy prime minister is a board member of the UK-based company and owns 917,000 sharesNick Clegg could make approximately $40m (£30m) from the planned float of Nscale as the UK-based datacentre company prepares for a US stock market listing.The former UK deputy prime minister owns more than 917,000 shares in the startup,

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Shares in humanoid robot firm Unitree surge 600% on Chinese stock market debut

ai, AI (Artificial Intelligence), Artificial Intelligence, Asia Pacific, Business, china, ipos, Robots, Stock Market, Stock markets, Technology, Technology sector

Company’s robots have gained global fame via videos of them performing martial arts and as dancers for pop starsUnitree, the world’s biggest humanoid robot maker, has made a spectacular entry on to China’s stock market, with its shares surging by more than 600%.The Chinese company’s robots have gained global fame via viral videos of them

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SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Elon Musk, ipos, Mergers and acquisitions, SpaceX, US news

Elon Musk firm adds startup behind Cursor app to its portfolio with xAI and reaches $2.8tn market capitalisationElon Musk’s SpaceX is buying the startup behind the AI-powered coding app Cursor for $60bn and has moved ahead of Amazon in valuation days after its stock market debut.The company has agreed to buy Anysphere, which has capitalised

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Billions spent and hypothetical returns: the AI boom explained with six charts

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Computing, Energy industry, ipos, OpenAI, productivity, Stock markets, Technology, Technology sector, UK news, US news, World news

Expenditure is growing fast and consumer take-up accelerating. But alarm bells are sounding The race is very much on. Elon Musk’s SpaceX, which makes AI models as well as space rockets, announced last week it is seeking a $1.77tn (£1.31tn) valuation on the US stock market while Anthropic, the startup behind the Claude chatbot, said

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SpaceX will get off the ground – but a descent from a silly valuation must follow | Nils Pratley

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Investors will buy into the market-leading tech and cult of Musk despite a price that is defying gravity“Our mission,” says the opening sentence of SpaceX’s listing document with a straight face, “is to build the systems and technologies necessary to make life multi-planetary, to understand the true nature of the universe, and to extend the

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SpaceX targets biggest ever stock market debut, putting Musk on course to be trillionaire

Aerospace industry, ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Elon Musk, ipos, Space, SpaceX, Stock Market, Stock markets, Technology, Technology sector, US news

IPO could raise up to $75bn, giving SpaceX market value of $1.77tn as it sets up Musk for extraordinary wealthSpace X is seeking to raise about $75bn (£55bn) through its imminent stock market listing, , the company has said, which would make it the largest initial public offering ever.If the stock market launch – primed

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As the tech mega-IPO race hots up, has OpenAI missed its moment?

ai, AI (Artificial Intelligence), Alphabet, Artificial Intelligence, Business, Computing, Google, ipos, OpenAI, Sam Altman, SpaceX, Stock markets, Technology, Technology sector

With rivals racing to market to raise ‘eye-popping sums’, the spotlight is now on the AI sector’s one-time ‘poster child’A year is a long time in AI. Just 12 months ago, Sam Altman was predicting his company OpenAI would build a super intelligence and fundamentally remake society. Now the boss of the ChatGPT developer is

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Oura launches Ring 5, world’s smallest smart ring, as it heads towards IPO

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Gadgets, ipos, Technology, Wearable technology

Finnish-US startup has sold 5.5m rings worldwide since it was founded in 2013 and is valued at $11bnStylish Finnish-American smart ring company Oura may be the darling of wearables, adorning the fingers of celebrities and sportspeople, but it is not resting on its laurels as it heads towards an IPO later this year. This week

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Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Elon Musk, Investing, ipos, Science, SpaceX, Stock Market, Stock markets, Technology, US news

Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2tnBusiness live – latest updatesSpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that the aerospace-to-artificial-intelligence

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