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China's Star 50 index of AI and chip leaders is down by 40% in under four months, losing ~$480B in market value; chipmaker CXMT is down ~25% in the past month — While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs…
Sources: DoorDash is in advanced talks to acquire Instacart, and the deal could be finalized as soon as this week and could value Instacart at ~$17B — Deal could be completed as soon as this week, people familiar with the matter say — DoorDash is in advanced talks to acquire food …
Sources: Hong Kong-based stablecoin payments startup RedotPay plans a US IPO filing by year-end and is in talks for a pre-IPO round at a $4B to $5B valuation — Crypto firm Redotpay is considering filing confidentially for a US initial public offering by year-end, according to people familiar …
Anthropic's S-1 shows a governance structure that suits a fun quirky little mission-driven worker cooperative that needs to raise billions as a public company — Also share classes and fake polls. — Happy Anthropic S-1 day — Here's the draft prospectus for Anthropic PBC's initial public offering.
Broadcom arranges a $63B deal with BofA, Blackstone, Citi, and Morgan Stanley to finance the purchase of chips for Anthropic via a new special purpose vehicle — Chipmaker Broadcom Inc. has arranged a $63 billion deal with Bank of America Corp., Blackstone Inc., Citigroup Inc. and Morgan Stanley …
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