15h ago
Meta earnings hit by legal penalties amid AI race
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2d ago
Sea plans IPO for financial services arm Monee, memo says
The tech conglomerate will also launch an artificial intelligence enterprise platform business.
10-16
Coffee prices volatile despite expected surplus
Coffee prices may stay volatile despite a looming surplus as exchange stockpiles remain low and Brazil shipments pick up. Read more at straitstimes.com.
10-15
Anthropic revenue jumps to US$16.8 billion in Q3 before IPO
Anthropic is set to begin formally marketing for its initial public offering as soon as the week of Nov 9. Read more at straitstimes.com.
10-8
Samsung forecasts Q3 operating profit of 107.4 trillion won on AI memory demand surge
Samsung Electronics said on Oct 8 it expects third-quarter operating profit to reach 107.4 trillion won, nearly nine times higher than a year earlier and slightly above market expectations. The company forecast revenue rising 127% to 195 trillion won. Samsung said booming AI chip demand drove strong memory-chip sales, and it and Micron expect the supply-demand imbalance to persist into 2028. It also flagged longer-term risks including rising costs, competition from China and potential U.S. semiconductor tariffs.
10-6
Moonshot AI targets Hong Kong IPO in Q1 2027 after US$50 billion valuation funding round
Moonshot AI has completed its final round of private fundraising at a valuation of about US$50 billion and is aiming for an IPO in Hong Kong in the first quarter of 2027, with a potential raise of up to US$5 billion. The company is expected to lift annual recurring revenue to US$2 billion by December from the current US$1 billion. Its valuation was US$31.5 billion in a previous round this summer.
9-29
Anthropic IPO filing outlines founder-led LLC with 50.1% voting control to prioritize AI safety
Anthropic’s IPO filing says the company will use a “Founder LLC” structure in which its seven cofounders control 50.1% of the voting power through a single share of Class F stock, allowing them to steer board elections and other major decisions. The filing also lists 2025 compensation showing CEO Dario Amodei at nearly US$18 million and president Daniela Amodei at US$16.4 million. The governance design is framed as a way to keep AI safety and the public interest ahead of investor returns.
9-25
Meta shares soar after launch of Muse AI
Muse is a multitasking AI assistant that is capable of performing tasks on behalf of a user. Read more at straitstimes.com.
9-23
Grab CEO and president buy over $30 million in shares after stock hits $2.74 three-year low on Atome deal
Grab shares slid to a more than three-year low of $2.74 after the company announced an acquisition of Atome Financial. The company also unveiled a plan to buy back about $900 million of shares over the next 12 months, but the announcement did not lift the stock. Chief executive Anthony Tan and president Alex Hungate then bought more than $30.86 million of Grab shares combined. After the purchases were disclosed, Grab shares closed up 8.9% the next day.
