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Anthropic targets $90 billion IPO at $1.4 trillion valuation

Anthropic PBC is preparing for an initial public offering aiming for a fully diluted valuation of $1.4 trillion. The company plans to raise up to $90.4 billion, including a private placement with major investors. It has reported a revenue run rate of $81 billion, showcasing significant growth in recent months. The IPO is scheduled to price on November 18 and begin trading the next day.

Mark Zuckerberg reveals Meta’s Muse AI models are now available on Google Cloud, here's what Sundar Pichai said

Mark Zuckerberg announced that Muse Ember, Muse Spark 1.3, and Muse Wonder are now available on Google Cloud. The announcement received a positive response from Google CEO Sundar Pichai, who expressed his excitement. Muse Ember is designed for cost-efficient repetitive tasks and handles coding and document processing. Muse Wonder focuses on complex software engineering tasks with multi-step workflow capabilities and advanced reasoning.

Anthropic's IPO: A close look at AI frontrunner's rapid growth, spiraling costs

Anthropic aims to raise up to $64.4 billion in an upcoming IPO, representing a significant market debut. The company plans a valuation of up to $1.02 trillion, showcasing its ambitions in AI. Founded by former OpenAI researchers, Anthropic's revenue has rapidly surged with enterprise adoption of its AI models. While facing substantial operating losses, the company remains committed to its substantial infrastructure investments.

Meta unveils India pricing for AI agent Muse ahead of local launch

Meta has announced the pricing details for its AI companion, Muse, in India. The subscription options are set at ₹1,799 for the 'Power' tier and ₹8,999 for the 'Maximum' tier. Users currently outside supported markets can register via a VPN. Muse aims to enhance user experience by integrating with various Meta services, positioning itself against local competitors like Instinct, available worldwide.

Anthropic unveils Fable 5.2 and Mythos 5.2, its most powerful AI models yet: All you need to know

In a blog post, Anthropic said both models improve on coding, reasoning and vision, and cost less than the 5.1 versions. “Testers have found that Fable 5.2 and Mythos 5.2 communicate more clearly than past Fable and Mythos models,” it added.

Anthropic unveils new Fable, Mythos models as competition heats up ahead of IPO

Anthropic on Monday unveiled two new AI models, Claude Fable 5.2 and Claude Mythos 5.2, as the OpenAI rival looks to strengthen its position in the fast-growing AI market ahead of its planned IPO.

Claude Fable 5.2, Claude Mythos 5.2: Anthropic unveils new AI models, check features, speed, price, release date

Claude Fable 5.2 targets coding, reasoning and AI agent tasks, while Claude Mythos 5.2 targets approved cybersecurity and life-sciences research applications.

Nvidia scandal: The AI arms race puts human spies back into the game

The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.

Mark Zuckerberg and Priscilla Chan’s 10-year-old daughter vibe-codes several creations, including a messaging app, apps similar to GeoCities and a game inspired by FarmVille, with each project also featuring its own marketing and sales plan

Maxima Zuckerberg, daughter of Mark Zuckerberg and Priscilla Chan, is interested in artificial intelligence and software development. She is currently experimenting with vibe-coding, which uses natural language to create software with AI tools. While her parents support her enthusiasm, they have imposed restrictions on developing online projects. Priscilla Chan specifically did not allow Maxima to create a dating website due to safety concerns.

Apple's predictive text restrictions include 'Dictator Trump' and 'Sleepy Joe,' researcher finds

Apple cuts employee AI budgets in cost-control push

Apple has reduced employee budgets for AI usage as part of a broader effort to rein in costs, even as it seeks to expand the use of AI across its operations, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Lenskart, Nykaa, PhysicsWallah see Q2 profits surge

New-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. This and more in today’s ETtech Top 5.

Premji's deeptech bets; Razorpay gets IPO nod

Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.

eMudhra appoints KPMG to conduct independent review of TLS certificate incident

Digital trust provider eMudhra appointed KPMG to conduct an independent review of a recent TLS certificate incident. This appointment follows a commitment made by the company to ensure clarity regarding the incident. The incident involved weak private keys associated with several certificate authorities, which remained undetected for a significant period. As a result, eMudhra has withdrawn from its global SSL/TLS certificate business due to security concerns.

AI’s 3-week blitz digs up 14,000 security flaws in open-source software

Google Cloud’s Mandiant team reported a similar acceleration in vulnerability discovery. In August, it said that its AI-assisted system had identified more than 100 confirmed critical vulnerabilities in two days during an investigation involving stolen corporate code repositories.

Software stocks slide as Fortinet, ServiceNow fail to meet lofty investor expectations

Software companies have been under intense scrutiny this year as investors weigh the likelihood of newer AI models disrupting traditional business models. The S&P 500 Software & Services Index has managed a 6% year-to-date rise, just about half the gains recorded by the S&P 500.

Aravind Srinivas looked up to Google CEO Sundar Pichai before building Perplexity AI; how an unexpected detail stayed with him

Aravind Srinivas co-founded Perplexity AI in 2022 with Andy Konwinski, Denis Yarats and Johnny Ho. They initially experimented with tools that allowed users to search Twitter data through natural-language questions. They later shifted towards general web search. Perplexity was launched in 2022 and its search engine used AI to generate direct answers with citations and links to sources.

Google launches Gemini 4 Carbon AI model with cybersecurity focus

The launch comes two weeks after Google introduced Gemini 4 Argon, as the company expands its Gemini family of AI models for developers and enterprise customers.

Google Cloud showcases AI tools to help Indian SMBs boost productivity, automate operations

The demonstration took place at Cloud Day India 2026 in New Delhi, which was attended by more than 600 business and technology leaders. The event was held under the theme 'Any size. Every scale. AI that works for you'.

Anthropic IPO puts AI spending under the spotlight as losses mount

Anthropic, established by ex OpenAI researchers, is gearing up for an anticipated entry into the stock market in the United States. The organization has impressively generated $16.29 billion in revenue during the first half of 2026. Yet, significant operational losses due to soaring computing costs pose a challenge, along with over $500 billion in cloud computing commitments. Competing against OpenAI and Google, they must adeptly maneuver through a tough economic environment.

Anthropic vs OpenAI: How Claude maker’s growth is challenging ChatGPT ahead of IPO

Anthropic has seen significant revenue growth, reaching $16.29 billion in the first half of 2026. OpenAI continues to expand its business model while generating substantial revenues from its consumer and enterprise offerings. Both companies face financial pressures as they invest heavily in infrastructure and computing power. The competition between Anthropic and OpenAI is primarily driven by their customer acquisition strategies and operational efficiencies.

Timeline: Anthropic's path from AI startup to industry-defining IPO

Anthropic's IPO filing marks a significant step toward becoming the first public listing for a frontier AI lab. The company has raised a total of $3.5 billion in various funding rounds leading up to its IPO. Significant investments have come from major companies including Amazon.com and Alphabet's Google. Anthropic is currently projecting revenue of approximately $190 billion to $200 billion in 2028.

Epic Games offers up to Rs 47 lakh for AI-powered games in four-day competition

Epic Games’ 2026 AI Mega Jam will run from November 12 to 15, offering cash prizes and continuation grants of up to $50,000 for developers building games with Unreal Engine or Unreal Editor for Fortnite. Participants can use AI tools and agents throughout development, while an in-person event in San Francisco will feature teams from major technology companies.