AI companies Anthropic and OpenAI are pursuing top-tier credit ratings from bankers to secure favorable financing terms as they prepare for their respective initial public offerings. Anthropic's IPO is expected to begin marketing in mid-October, potentially coinciding with a national election.
AI company Anthropic has postponed its highly anticipated initial public offering, now planning to begin marketing in mid-October and complete the listing before the US mid-term elections in November. The blockbuster IPO is expected to value the company at approximately $2 trillion, with the delay pushing the prospectus release from next week to late September.
Alibaba priced a placement of 710 million new shares for HK$80 billion ($10.2 billion) to fund AI infrastructure and capabilities. The Hong Kong-listed stock plunged as much as 10% on Monday following the announcement, marking its steepest drop since April 2025.
Alibaba Group Holding completed a HK$80 billion ($10.2 billion) share placement in Hong Kong, marking the city's largest follow-on offering. The Chinese tech giant will use all proceeds to invest in AI infrastructure and capabilities, though shares plunged as much as 10% following the announcement.
Alibaba Group Holding completed a HK$80 billion ($10.2 billion) share placement in Hong Kong, marking the city's largest follow-on offering. The Chinese tech giant will use all proceeds to invest in AI infrastructure and capabilities, though shares plunged as much as 10% following the announcement.
Alibaba priced a placement of 710 million new shares for HK$80 billion ($10.2 billion) to fund AI infrastructure and capabilities. The Hong Kong-listed stock plunged as much as 10% on Monday following the announcement, marking its steepest drop since April 2025.
SK hynix unveiled plans to buy back and cancel 40 trillion won ($28.6-29 billion) worth of shares, marking the largest repurchase ever announced by a listed company in South Korea. The chipmaker also committed to returning over 50% of its free cash flow to investors amid strong AI-driven demand.
Bank of America announced a $250 billion commitment to finance domestic infrastructure and digital projects by July 2027, aimed at boosting economic growth and creating jobs. The initiative comes as the bank seeks to align with the Trump administration's priorities.
Taiwanese chipmaker MediaTek has approved a $5 billion discretionary financing framework to accelerate its expansion into AI data center chips as smartphone revenue declined 20% year-over-year in Q2 2026. CEO Rick Tsai announced the company is raising its 2027 AI accelerator market share target from 15% to 20%, with its first AI accelerator ASIC entering mass production in Q4.
Amazon reported $200.6 billion in Q2 revenue with AWS growing 37%, its fastest pace since 2021, but free cash flow turned negative for the first time since 2023 due to massive capital expenditures on AI data centers.
SoftBank Group Corp. expanded syndication of its $40 billion bridge loan for an OpenAI investment stake, adding 21 new lenders allocated roughly $7 billion of the facility, with First Abu Dhabi Bank, GIC, and Standard Chartered each taking nearly $1 billion shares.
