Chance of rain 19%.
Dalton Daily
daltondaily.com
Anthropic files for IPO as valuation talk wavers between $1.5 and $2 trillion
Claude maker's public S-1 reveals fast revenue growth, an $81 billion first-half loss and founder control; Nasdaq debut targeted for mid-November
SAN FRANCISCO — Anthropic made its registration statement public on October 26, proposing to list on the Nasdaq under the ticker ANT. CNN reported that trading could begin as soon as November 16. The filing leaves the share count and price range blank. Reports put the valuation at $1.5 trillion to $2 trillion, against $965 billion in its May private round. Anadolu reported first-half revenue of about $16.3 billion and a net loss near $81 billion, most of it from more than $72 billion in convertible-note revaluation charges. Seven founders would keep 50.1 percent of the vote through Class F shares. A Long-Term Benefit Trust would appoint most of the board. Axios noted the SpaceX listing set the size record earlier this year. Pricing depends on SEC review, a roadshow and market conditions during a tech selloff.
Why it mattersThe offering would be the first public listing of a leading frontier AI lab and a test of whether investors will pay trillion-dollar prices for AI companies that are losing money.
Kherson truce ends as Ukraine and Russia trade cyberattacks on alert apps
Six-day localized ceasefire around Oleshky lapses; Kremlin says Europeans will not sit in next round of talks
Intel panels see Russian, Chinese, Iranian influence efforts, but no plan to tamper with voting
On the eve of the midterms, Democratic leaders on the intelligence committees say they have prepared to rebut any White House claim of foreign interference
Two Fed officials call for more rate hikes, starting soon
Dallas and St. Louis Fed presidents say the Fed's October pause is not the end of tightening
Early vote in Shelby County ends at 183,908, up 52% on 2022
Turnout leads all 95 Tennessee counties, but still trails the 2018 midterm early vote
The World
Judge strikes DOJ filing in case against two ex-FBI counterintelligence officials
Magistrate questions politically timed false-statement charges over Hunter Biden laptop testimony as probable-cause ruling awaits
- Machado is back in Caracas and demands 2027 elections under US-backed interim rule
- Indian paramilitary chief confirms continuing face-offs with Chinese troops in Arunachal
Business & Markets
Google rankings swing again with no update announced; core update still pending
Industry trackers and forums report repeated volatility through late October, but Google's status page shows nothing new
- Anthropic's public IPO filing lands in a shaky AI market
- NRC rule lets reactor developers reuse DOE and Pentagon safety work
Technology & Science
Personalized mRNA therapy cuts melanoma recurrence risk 42% in phase 3 trial
Merck and Moderna report full INTerpath-001 results at the ESMO cancer congress; survival benefit not yet shown
- SK Hynix posts record profit, says memory shortage will run to 2030
- Chainalysis discloses breach of internal systems, says it is unrelated to Binance theft
Law & Courts
Pennsylvania federal judge rules marketing texts are not 'calls' under TCPA
First Third Circuit district court to side with defendants on do-not-call text claims
- Supreme Court opens November sitting with prison-credit and pleading cases
- Tennessee files more suits over unpaid candidate disclosure fines, naming a Shelby judge
Memphis
Memphis voters face three charter questions on civil service and lobbying
Library workers' status, city appeals rules and a lobbyist registry are on Tuesday's ballot
- Council asks ICE and National Guard to leave as federal officials defend task force
- Grizzlies open a three-game FedExForum week, with an NBA Cup game Friday
Ideas
Ethiopian Orthodox Church says two attacks killed at least 60 worshippers
The Holy Synod reports massacres in Oromia's Arsi Zone; officials blame rebels, who have denied targeting civilians in the past
- New York's archbishop joins nuns' suit over assisted-suicide law
- Church of England's new Synod opens amid fight over £100m slavery fund
Arts & Culture
Booker Prize winner due Monday, with James and Stuart back on shortlist
Six novels, including two former winners, compete for £50,000 at next week's London ceremony
- Elizabeth Holmes documentary edges 'Clayface' for No. 1 on slow Halloween weekend
- Pianist Stephen Kovacevich dies at 86
Sports
Moicano will not appeal Nevada loss over referee's stand-up
Fighter says the restart was wrong but he will not seek action against Miragliotta; both he and Hasanov had hospital scans
- Edwards named standby for Harrison-Nunes title fight at Madison Square Garden
- Dakar Youth Olympics open judo with Azerbaijani and Turkish golds
Travel
Akasa, Etihad, Asian carriers push back Saudi flight returns
Latest extensions run from November 5 to early December as Riyadh and Jeddah service stays thin
- Riyadh Air runs six routes from airport 250 miles away
- Sipadan closes for all of November; island reopens December 1