Musk projects SpaceX annual revenue to exceed $500B by end of next year
SpaceX CEO Elon Musk projects that driven by AI computing, the company's annualized revenue will exceed $500 billion by the end of 2027. This expectation highlights AI computing as a key driver of rapid revenue growth for SpaceX.
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Anthropic Prepares IPO Seeking $64.4B
Anthropic plans to raise up to $64.4 billion through its IPO, alongside a $26 billion private placement with cornerstone investors including Google and Nvidia. The prospectus lists a preliminary price range of $70 to $78 per share, with total proceeds potentially reaching $90.4 billion to expand AI infrastructure.
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AMD Surges 13% as Analysts Bullish on AI Data Center Prospects
AMD shares rose 13% while NVIDIA fell over 4%. Oppenheimer analysts argue that AMD's Helios rack-scale solution and Instinct accelerators will strengthen its competitiveness in AI data centers.
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SoftBank and Grab Partner on AI Infrastructure in Malaysia
SoftBank and Grab signed a cooperation agreement with PETROS to develop over 5GW of AI infrastructure in Malaysia. The seed round investments total $1.85 billion, with the parties seeking additional investors to support the long-term project's expansion.
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TensorWorld Raises Over $100M
TensorWorld completed a funding round of over $100 million within four months of its establishment. The company is pursuing a 'physical reality' approach, aiming to explore new directions in embodied AI and interaction with the physical world.
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Anthropic withdraws IPO filings, citing pricing error
Anthropic disclosed to banks that it withdrew its IPO filings, stating there was an error in the pricing information. This pause in the listing process means the market must wait for updated filing details.
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