Is Anthropic's IPO Priced to Pop?
Anthropic kicked off its IPO roadshow, with bankers already eyeing a higher price, and launched Claude Sheets, Meetings and Whiteboards to take on Microsoft and Google. Nvidia hired Wachtell to probe Jensen Huang; Ring unveiled security robots, and Reddit launched Reviews.
Anthropic launches its IPO roadshow, saying the company and shareholders plan to sell 825M Class A shares at $70 to $78 each, listing on the Nasdaq under ANT (Anthropic)
Anthropic plans to push ahead with its IPO later this month despite AI market volatility, aiming to start trading Thursday or Friday next week, with some investors now pushing for a lower valuation (WSJ)
Anthropic’s bankers are weighing raising the IPO price above the $70-$78 range after heavy investor demand, which could lift the valuation to $1.5tn or more and the raise past $100bn (FT)
Anthropic unveils office tools, including a video call assistant, a data dashboard, and spreadsheet service Claude Sheets, competing with Microsoft and Google (Bloomberg)
Anthropic unveils Claude Meetings, Sheets, and Whiteboards, plus interactive connectors that embed apps like HubSpot, Adobe, and Atlassian inside Claude, with Claude Data now generally available (The Verge)
Nvidia hires former acting US attorney Joon H. Kim and his law firm Wachtell Lipton to conduct a probe into Jensen Huang’s affair with an alleged Chinese spy (The New York Times)
Jensen Huang and Alice Huang’s relationship dates back to at least 2023, facilitating $7.5B+ in Nvidia chip shipments via Chinese companies since then (The Information)
Amazon’s Ring unveils the $249 Ring Drone Cam and the $999 Ring Rover Cam, both using its AI Pilot to navigate interior spaces, under new subbrand Ring Robotics (ZDNet)
Ring launches a home security drone that flies room to room and a roving enterprise security robot, both run by its AI Pilot system (TechCrunch)
Reddit launches Reddit Reviews, a built-in hub using AI to turn subreddit comments into product pages with pros, cons, and sentiment, starting with 10K items (The Verge)
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