Anthropic files for what could be the biggest IPO ever
Anthropic has filed a Form S-1 with the SEC and plans to list on the Nasdaq under the ticker ANT, putting it ahead of OpenAI in the race to go public. The filing shows first-half 2026 revenue above $16 billion alongside a reported $80 billion loss, much of it accounting-driven rather than cash burned. The offering could eclipse the record $86 billion SpaceX raised in June. The risk factors are unusually blunt: the company warns it may face litigation over harms caused by AI, and its CEO repeats warnings about risks to humanity. For investors, this is the first full look inside a frontier lab's books, and it will set the benchmark OpenAI's own listing gets judged against. AP · CNBC live updates
What else matters
OpenAI's GPT-6.1 Terra halves the price of computer use
OpenAI released GPT-6.1 Terra, a fast model aimed at computer use, visual reasoning and everyday writing. API prices are 50% lower than GPT-5.6 Terra and GPT-6.1 Sol, and OpenAI says it matches GPT-6 Astra on its Agents' Last Exam benchmark at a tenth of the per-token price. It is also live on Amazon Bedrock with a 1M-token context. OpenAI · AWS
Meta plans a $95 billion share sale for AI infrastructure
Meta will raise $35 billion through underwritten offerings, then up to $60 billion more via an at-the-market programme, to fund AI infrastructure and what it calls personal superintelligence. Nvidia, AMD and Broadcom signalled interest in buying up to $5 billion of the shares. The stock slipped 1.6% on the news. CNBC
SpaceX locks in $40 billion of GPU financing with Apollo
An Apollo-managed entity will buy Nvidia Vera Rubin chips and server hardware, then lease them to SpaceX for about five years, starting in the first half of 2027. SpaceX calls it the largest committed GPU financing yet, while Elon Musk warned that many smaller neoclouds may not survive tightening debt markets. TechCrunch
