Tag: investors
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India’s Jio IPO opens for public bids in record US$3.2 billion sale
Jio Platforms is home to India’s biggest telecom company with more than 500 million subscribers, making it the world’s second-largest telecom operator in a single country after China Mobile.
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SpaceX investors, ahead of results, press Musk on Tesla merger
Oct 20 : SpaceX shareholders want to know when the rocket maker will merge with Tesla, bringing together two of Elon Musk’s biggest companies in a union that investors have long speculated about.”When will SpaceX merge with Tesla?” was the second-most upvoted question — drawing 26 upvotes — submitted by
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How safe havens stack up as tech, energy and France fears grip markets
LONDON, Oct 20 : Demand for safe-haven assets is strong as AI jitters hurt tech stocks, the Iran war continues and keeps energy prices elevated, while worries about high government debt loads persist. Yet traditional safe havens have not performed as well as expected this year: Gold sold off after the start o
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Exclusive-OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say
NEW YORK, Oct 19 : OpenAI is racing to secure investor commitments before rival Anthropic’s expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over $1.4 trillion, according to two people familiar with the matter.The rapid timetable reflects,
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India’s Jio lures marquee investors to IPO anchor book, bids top $25 billion
MUMBAI, Oct 19 : Indian billionaire Mukesh Ambani’s Reliance said on Monday that Abu Dhabi Investment Authority, BlackRock and Fidelity were among investors who bid in the anchor book of its record $3.2 billion Jio Platforms IPO, which two sources said drew more than $25 billion in demand.The telecoms, c
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As AI rally wobbles, stock market’s spotlight turns to earnings
NEW YORK, Oct 16 : Stumbles in the market-leading AI trade are set to test investor confidence in the rally in the coming week as Wall Street focuses on quarterly results due from key players including Meta Platforms.AI-linked stocks, central to the bull market that just marked its four-year anniversary, str
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Dollar heads for weekly fall as investors gauge AI selloff impact
Oct 16 : The US dollar was set for its first weekly fall in more than a month against the euro and the yen, as investors turned their focus to the US rate outlook while concerns about an escalation of the Iran conflict faded.AI stocks have cratered this week and the stress has spread to…
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Investors temper Anthropic IPO valuation expectations over revenue growth slowdown, sources say
NEW YORK, Oct 15 : Some current Anthropic investors and prospective investors in its upcoming initial public offering are weighing a lower valuation for the AI company after its latest financial disclosures, four people familiar with the matter said, amid broader concerns over the ballooning cost of financing AI.
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Exclusive-Investors temper Anthropic IPO valuation expectations over revenue growth slowdown, sources say
NEW YORK, Oct 15 : Some current Anthropic investors and prospective investors in its upcoming initial public offering are weighing a lower valuation for the AI company after its latest financial disclosures, four people familiar with the matter said, amid broader concerns over the ballooning cost of financing AI.
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Explainer-Why CoreWeave’s troubles are rattling the AI boom
Oct 15 : CoreWeave’s mounting debt is raising fresh concerns about the AI boom, as investors question whether demand can justify the billions being borrowed to build data centres.Shares and bonds of the Nvidia-backed company have tumbled despite its CEO’s assurances of a strong contract backlog, fueling a bro
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