3h ago
Samsung posts record Q3 profit on AI chip boom
Samsung posts record Q3 profit as AI chip demand boosts earnings and eases market concerns over the sector's outlook. Read more at straitstimes.com.
BTC-0.78%
ETH-1.26%
SOL-1.57%
USDC-0.01%
XRP-2.30%
SUI-2.22%
DOGE-1.40%
PEPE+5.85%BTC-0.78%ETH-1.26%SOL-1.57%USDC-0.01%XRP-2.30%SUI-2.22%DOGE-1.40%PEPE+5.85%BTC-0.78%ETH-1.26%SOL-1.57%USDC-0.01%XRP-2.30%SUI-2.22%DOGE-1.40%PEPE+5.85%BTC-0.78%ETH-1.26%SOL-1.57%USDC-0.01%XRP-2.30%SUI-2.22%DOGE-1.40%PEPE+5.85%
2d ago
Asian stocks surge as Anthropic IPO lifts sentiment
Asian stocks surge as Anthropic IPO lifts sentiment ahead of key earnings and central bank rate decisions.
10-22
Meta earnings hit by legal penalties amid AI race
10-20
Sea plans IPO for financial services arm Monee, memo says
The tech conglomerate will also launch an artificial intelligence enterprise platform business.
10-16
Coffee prices volatile despite expected surplus
Coffee prices may stay volatile despite a looming surplus as exchange stockpiles remain low and Brazil shipments pick up. Read more at straitstimes.com.
10-15
Anthropic revenue jumps to US$16.8 billion in Q3 before IPO
Anthropic is set to begin formally marketing for its initial public offering as soon as the week of Nov 9. Read more at straitstimes.com.
10-8
Samsung forecasts Q3 operating profit of 107.4 trillion won on AI memory demand surge
Samsung Electronics said on Oct 8 it expects third-quarter operating profit to reach 107.4 trillion won, nearly nine times higher than a year earlier and slightly above market expectations. The company forecast revenue rising 127% to 195 trillion won. Samsung said booming AI chip demand drove strong memory-chip sales, and it and Micron expect the supply-demand imbalance to persist into 2028. It also flagged longer-term risks including rising costs, competition from China and potential U.S. semiconductor tariffs.
10-6
Moonshot AI targets Hong Kong IPO in Q1 2027 after US$50 billion valuation funding round
Moonshot AI has completed its final round of private fundraising at a valuation of about US$50 billion and is aiming for an IPO in Hong Kong in the first quarter of 2027, with a potential raise of up to US$5 billion. The company is expected to lift annual recurring revenue to US$2 billion by December from the current US$1 billion. Its valuation was US$31.5 billion in a previous round this summer.
9-29
Anthropic IPO filing outlines founder-led LLC with 50.1% voting control to prioritize AI safety
Anthropic’s IPO filing says the company will use a “Founder LLC” structure in which its seven cofounders control 50.1% of the voting power through a single share of Class F stock, allowing them to steer board elections and other major decisions. The filing also lists 2025 compensation showing CEO Dario Amodei at nearly US$18 million and president Daniela Amodei at US$16.4 million. The governance design is framed as a way to keep AI safety and the public interest ahead of investor returns.
