The AI startup Anthropic has signed a term sheet for a $10 billion funding round, according to CNBC. The deal would value the company at a staggering $350 billion, signaling continued massive investor appetite for generative AI leaders.
Samsung’s president says semiconductor supply issues and rising prices will force the company to consider repricing its products. This comes as Samsung aims to double its AI-powered devices to 800 million this year.
Meta’s planned $2 billion acquisition of AI startup Manus is facing a review by Chinese regulators. The concern is whether the deal violates the country’s technology export controls, even though Manus has since moved to Singapore.
The private markets are heading for a year of stark contrasts. According to Fortune’s survey, capital is concentrating at the top, the middle is collapsing, and AI startups face a brutal reckoning. Meanwhile, private equity expects a 20% volume jump and a new focus on exits.
Investment firm Baird has upgraded chemical manufacturer Albemarle to ‘outperform’ from ‘neutral’. Analyst Ben Kallo nearly doubled his price target to $210, implying a potential 33% upside from current levels.
According to a column on Inc, investors are publicly denying an AI bubble while privately shifting strategies. The piece highlights how early-stage AI bets are waning as capital moves to “upstream” public giants and underserved industries.
Serial entrepreneur Bill Harris, who was the founding CEO of PayPal for five months, now runs a self-funded IRA advisory called Evergreen Wealth. He credits his energy to a radically simple personal life, living in a small Miami Beach cottage and biking everywhere.
Honda is taking full control of its Ohio battery plant joint venture from LG Energy Solution in a $2.85 billion deal. The move comes as Honda and other automakers scale back EV production plans amid slowing demand. Instead, Honda is pivoting investment toward new hybrid models.
Jim Cramer’s market notes highlight Nvidia’s CES keynote announcing its Vera Rubin AI chips are in “full production.” Meanwhile, Wells Fargo got a surprising sell rating, and analysts are split on oilfield services and homebuilders.
Brazil’s antitrust regulator, CADE, has launched an administrative inquiry into Microsoft’s cloud computing and software licensing. The probe, which began on January 2, directly cites the UK CMA’s recent findings of anti-competitive effects. Microsoft has a January 12 deadline to answer a detailed q
