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Sources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total (Bloomberg)

6 days 22 hours ago

Bloomberg:
Sources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total  —  OpenAI has closed on new funding of roughly $11 billion, the initial part of a round that values the company at $1.25 trillion, according to people familiar with the matter.

Several Democrats renew calls for datacenter pauses after blue wave

6 days 22 hours ago

Tech industry fears delays to its multi-trillion dollar infrastructure buildout meant to power artificial intelligence

Several newly elected Democrats and Senator Bernie Sanders have renewed calls for datacenter moratoriums in the days after the US midterm elections. The sweeping Democratic victory, which was buoyed in part by backlash to the tech industry, has added momentum to efforts to slow down the multi-trillion-dollar buildout of the controversial facilities.

On the social media platform X, Sanders posted a call for an immediate national datacenter moratorium this week. “Americans don’t want Big Tech oligarchs wrecking the environment, gutting jobs and threatening humanity’s future,” Sanders said on Wednesday.

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Franklin Resources Q4 Earnings Call Highlights

6 days 22 hours ago
3 Surging Stocks That Don’t Need the AI Boom to Keep WinningFranklin Resources (NYSE:BEN) reported higher adjusted earnings and broad-based client inflows for fiscal 2026, prompting the asset manager to raise its long-term targets for private markets fundraising, exchange-traded

Franklin Resources Q4 Earnings Call Highlights

6 days 22 hours ago
3 Surging Stocks That Don’t Need the AI Boom to Keep WinningFranklin Resources (NYSE:BEN) reported higher adjusted earnings and broad-based client inflows for fiscal 2026, prompting the asset manager to raise its long-term targets for private markets fundraising, exchange-traded

Millicom International Cellular Q3 Earnings Call Highlights

6 days 22 hours ago
Millicom International Cellular (NASDAQ:TIGO) reported record adjusted EBITDA and higher cash flow for the third quarter of 2026, as growth in mobile services and cost controls helped offset a decline in home customers. Service revenue rose 6.1% from a year earlier to approximat

Sources: Anthropic is continuing with plans to list before the Thanksgiving holiday this month, expecting to raise $80B-$100B at a valuation of $1.25T to $1.75T (Financial Times)

6 days 22 hours ago

Financial Times:
Sources: Anthropic is continuing with plans to list before the Thanksgiving holiday this month, expecting to raise $80B-$100B at a valuation of $1.25T to $1.75T  —  Claude-maker intends to list before Thanksgiving despite brutal tech rout  —  Anthropic is pressing on with its high-stakes IPO …