Anthropic’s Revenue Run Rate Hits $65 Billion Ahead of IPO
Anthropic’s annualized revenue run rate reached $65 billion at the end of July, a sevenfold jump in seven months, as the Claude maker prepares for a potential fall IPO.
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Anthropic Lines Up Investor Meetings for an October IPO
Anthropic is scheduling investor meetings ahead of a potential IPO as soon as October, a move that could take the Claude maker public before rival OpenAI.
IBM Shares Plunge 23% After Warning of a Quarterly Earnings Miss
IBM shares sank about 23% after it warned that preliminary second-quarter results fell short, as clients diverted spending toward memory and servers ahead of price increases.
AI Spending Set to Surpass US Defense Budget by 2027
By
Samantha Reed
• 2 mins read
Big Tech’s AI capital spending is projected to reach about 3.2% of US GDP by 2027, overtaking national defense spending as a share of the economy for the first time.
Morgan Stanley
By
AIstify Team
• 4 mins read
Morgan Stanley is a leading banking and financial services company using AI, data, and digital platforms across banking workflows.
E*Trade Emerges as Key Retail Partner in SpaceX IPO
By
Samantha Reed
• 3 mins read
Morgan Stanley’s E*Trade is in talks to lead retail distribution for SpaceX’s record IPO, potentially sidelining platforms like Robinhood and SoFi.