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    Chinese AI satellite maker Adaspace Technology slips in Hong Kong debut after $96 million IPO

    Chinese AI satellite maker Adaspace Technology made a weak Hong Kong debut, with shares falling below their IPO price despite raising HK$750 million. While retail investors showed stronger demand, muted institutional interest and broader market weakness weighed on the listing.

    Early bet, massive payoff: Anthropic IPO may value Krishna Rao's equity stake at Rs 6,600 crore, up 57 times

    Anthropic CFO Krishna Rao's equity holding could reach Rs 6,600 crore at the proposed IPO midpoint of $74 per share. The Claude maker targets up to $90.4 billion fundraising, with valuation potentially reaching $1.4 trillion.

    Anthropic IPO: Can Indian investors apply for Claude maker's $64 billion share sale? Check rules

    Anthropic, a prominent artificial intelligence company, is planning a significant IPO to raise up to $64.4 billion. The company, founded by former OpenAI executives, aims to attract global investors, including those from India. Indian investors can participate in the offering through overseas brokerage accounts after the listing occurs. While demand for the shares appears strong, most retail investors may miss the IPO allocation.

    Most large firms plan higher open-weight AI use to cap bills, study shows

    According to a recent Capgemini study, senior executives are increasingly embracing cost-effective open-weight AI models, with nearly 60% expecting to adopt them more extensively in the upcoming year. Many admit to overspending on AI initiatives, surpassing their budgets by an average of 24%. While open-weight models dominate traffic volumes, they represent a fraction of overall spending.

    Anthropic’s IPO is said to be multiple times oversubscribed

    Anthropic PBC is witnessing an overwhelming response for its initial public offering, potentially accumulating up to $90.4 billion. This bullish sentiment reflects a staggering anticipated market valuation of around $1.4 trillion. With a significant revenue run rate of $81 billion as of October 31, investor enthusiasm remains high. The IPO is managed by Goldman Sachs Group Inc.

    Anthropic takes on Microsoft Excel and Google Sheets with new Claude-powered Office tools: 10 points to know

    Anthropic has unveiled a suite of innovative office tools designed to boost collaboration and efficiency, including Claude Sheets, Claude Whiteboards, and Claude Meetings. Claude Sheets, empowered by AI, enhances spreadsheet functionalities for effective data management. Claude Whiteboards revolutionizes brainstorming by providing a digital space for creative ideas, and Claude Meetings optimizes note-taking during virtual discussions.

    The Economic Times
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