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Anthropic's IPO buzz is stealing other firms' thunder

Article

Anthropic's IPO buzz is stealing other firms' thunder

White-hot anticipation of Anthropic's IPO is stealing the thunder of other companies' plans to go public, WebNovare reports. It notes that other firms with IPOs set for the coming weeks are having trouble lining up longer-term investors and sovereign wealth funds. Anthropic is looking to match or beat SpaceX's $86.2 billion fundraise. It plans to publicly share its IPO prospectus — valuations have ranged from $1.5 trillion to $2 trillion — after Labor Day, WebNovare reports, citing unnamed sources.

3 min read A Adam Hanafi

Anthropic's highly anticipated initial public offering is beginning to overshadow other companies preparing to go public, as investors and financial institutions gear up for what could become one of the largest IPOs in history. The Claude maker's expected...

OpenAI's ad biz hits $1B annualized revenue run rate

Article

OpenAI's ad biz hits $1B annualized revenue run rate

OpenAI on Monday revealed that its six-month-old ad business has already reached a $1 billion annualized revenue run rate. The AI firm pointed to the milestone as proof of its "diversified business model," which it's working hard to sell to investors ahead of its expected massive IPO. ChatGPT Ads are available in more than 40 countries, and OpenAI plans to launch self-service access in additional ones, including parts of Europe and the Middle East, on Monday. The company initially took heat from rival Anthropic over its embrace of ads.

3 min read A Adam Hanafi

OpenAI's advertising business has reached a $1 billion annualized revenue run rate less than 200 days after launching, marking a major milestone for the artificial intelligence company as it works to build a broader and more sustainable business model. OpenAI...

Nvidia pours $3.5B into chipmaking partner MediaTek

Article

Nvidia pours $3.5B into chipmaking partner MediaTek

Nvidia will invest $3.5 billion in fellow chipmaker MediaTek, the companies announced on Monday, broadening a partnership that strengthens Nvidia's dominance in the red-hot AI hardware market. MediaTek makes chips used in smartphones and other devices, and it's now focusing on designing custom components for companies like Google. MediaTek will use Nvidia technology to streamline communications between different pieces of hardware, and CEO Rick Tsai considers the deal a chance to "accelerate innovation." The investment renews questions, however, about the circular nature of deals in the AI economy.

3 min read A Adam Hanafi

Nvidia is investing $3.5 billion in fellow chipmaker MediaTek as the two companies deepen a partnership spanning artificial intelligence infrastructure, personal computers, and automotive technology. The investment, announced Monday, comes as Nvidia continues...

Eli Lilly to acquire Merida in $2.88B autoimmune deal

Article

Eli Lilly to acquire Merida in $2.88B autoimmune deal

Eli Lilly's buying spree continues. The world's largest pharmaceutical company on Monday announced it will acquire Merida Biosciences, a company that specializes in treating autoimmune diseases and allergies, for up to $2.88 billion. While Lilly has built a dominant market position on the strength of its blockbuster weight-loss drugs, it has made more than $20 billion in deals this year in a bid to expand and diversify its pipeline. The privately held Merida has products in testing to treat Graves' disease and the related thyroid eye disease.

3 min read A Adam Hanafi

Eli Lilly is continuing its aggressive acquisition spree, announcing Monday that it will acquire privately held biotech company Merida Biosciences for up to $2.875 billion. The deal gives Lilly access to a promising platform aimed at treating serious...

NFC Energy-Harvesting PCB Business Card with an MCU

Community post

NFC Energy-Harvesting PCB Business Card with an MCU

Like most business cards, mine doesn’t have a battery. When it’s tapped against a phone, though, 21 LEDs start an animation, powered just by NFC.

1 min read W WebNovare Imports

Like most business cards, mine doesn’t have a battery. When it’s tapped against a phone, though, 21 LEDs start an animation, powered just by NFC. Source: wilsonharper.net (64 points, 6 comments) Hacker News discussion

Haiku R1/beta6 has been released

Community post

Haiku R1/beta6 has been released

After about two years since the last beta, and only about a week after Haiku’s 25th birthday, Haiku R1/beta6 has been released! See “Release Notes” for the release notes, “Press contact”, for press inquiries … and …

1 min read W WebNovare Imports

After about two years since the last beta, and only about a week after Haiku’s 25th birthday, Haiku R1/beta6 has been released! See “Release Notes” for the release notes, “Press contact”, for press inquiries … and … Source: haiku-os.org (218...

Cores in space: The core memory module from a 1980 Spacelab computer

Community post

Cores in space: The core memory module from a 1980 Spacelab computer

Spacelab was a reusable laboratory that could be carried in the Space Shuttle's cargo bay, providing lab space for astronauts and experiment...

1 min read W WebNovare Imports

Spacelab was a reusable laboratory that could be carried in the Space Shuttle's cargo bay, providing lab space for astronauts and experiment... Source: righto.com (47 points, 8 comments) Hacker News discussion