An anonymous reader quotes a report from the Financial Times: Anthropic investors expect the AI startup to float at a valuation of $2 trillion or more in October, a dizzying figure that would eclipse SpaceX and make the AI lab's debut the largest-ever initial public offering. Half a dozen of the company's backers told the FT that Anthropic's rapidly rising revenue would enable it to more than double its current valuation in a planned autumn float. A listing at that level could unlock billions of dollars in gains for the five-year-old company's early investors but would also test public markets that are growing more nervous about the AI boom. Anthropic's backers say booming demand for the lab's advanced AI models and tools justifies their lofty expectations. Investors expect the Claude maker's annualized revenue to be between $100 billion and $120 billion by the end of 2026 -- using the startup's preferred measure, which infers full-year sales from recent performance -- up by more than 10 times over the course of 2026. "If Anthropic is growing 800 percent a year, you'd think at the incredibly low end they would trade at 30 times [revenue]," said one investor in the group. "That would make them a $3 trillion company." According to Bloomberg (paywalled), Anthropic is currently in talks to acquire Decart AI for roughly $6 billion. "Decart develops world models alongside software designed to lower AI training expenses by improving how efficiently chips are utilized," reports Quartz. "That capability could allow Anthropic to get more out of its current infrastructure as demand grows. If the deal closes, Decart's team would join Anthropic's inference and performance organization."

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Paramount CEO David Ellison is threatening to begin moving the studio out of California on October 1 if state Attorney General Rob Bonta refuses to enter settlement talks over the proposed Paramount-Warner Bros. Discovery merger. The company would reportedly move its Los Angeles headquarters first and shift most studio jobs out of the state over five years, with Georgia, Texas, and Tennessee under consideration. Variety reports: Ellison's threat to relocate Paramount in retaliation for California's Bonta leading the charge to kill the WBD deal -- a move that would include much of its studio operations, over time -- was first reported by industry newsletter Puck. In response, Bonta called Ellison's planned exit from the state an "attempt to blackmail the state into letting an illegal deal through." "Paramount has lost the plot as it continues to lose in court," the attorney general wrote in a post on X. "It didn't work the first time -- on the eve of our July lawsuit -- and it won't work this time." Bonta has not publicly said what concessions from Paramount-WBD he would consider acceptable enough to take the lawsuit off the table. But the Democratic attorney general has said any remedies would need to be "structural" (i.e., divestments) rather than "behavioral" (e.g., imposing certain production quotas). Oct. 1 is when Paramount will begin accruing a "ticking fee" payable to Warner Bros. Discovery shareholders of $7 million per day. The trial in the state AGs' lawsuit is scheduled to start March 2, 2027, roughly five months after that, so Paramount would be on the hook to pay around $1.2 billion to WBD shareholders by the time the trial is scheduled to conclude. (Paramount's ticking-fee payments to WBD are not due until the deal closes.) At the Aug. 5 meeting on Paramount's lot, Ellison told his 12-member senior executive team he expects Paramount to prevail in the antitrust case against the states. However, he also said that if Bonta balks at talks, Paramount will start packing up and moving out of the Golden State in less than two months.

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An anonymous reader quotes a report from CNBC: On Thursday, AMD said it's entered into an agreement to acquire Taalas, a Toronto-based startup that makes chips for inference. Taalas' accelerators are customized, or hard-wired for a single AI model, rather than being general purpose. In exchange for that loss of flexibility, Taalas' technology promises a less-expensive chip that it says can produce output for specific models thousands of times faster than a traditional GPU. An AMD representative declined to provide a purchase price for the transaction. Taalas has raised a total of $219 million in venture funding since its 2023 founding. Taalas' current chip runs a small version of Meta's Llama 3.1 model, though the company is working on chips for bigger and more advanced models. It's manufactured using an older Taiwan Semiconductor Manufacturing Co. process, and uses speedy SRAM memory on the chip itself. Taalas CEO Ljubisa Bajic says on the startup's website that the company "developed a platform for transforming any AI model into custom silicon." "From the moment a previously unseen model is received, it can be realized in hardware in only two months," Bajic wrote.

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Longtime Slashdot reader neoRUR shares a report from Game Developer: EA Sports FC and Battlefield publisher EA has been taken private by an investor consortium led by Saudi Arabia's sovereign Public Investment Fund (PIF). The move means the U.S. juggernaut is no longer a publicly-traded entity and is now majority owned by the Kingdom of Saudi Arabia through its PIF investment arm. Other investors include Silver Lake and Affinity Partners, the latter of which was established by U.S. president Donald Trump's son-in-law Jared Kushner. The $55 billion transaction was financed via a combination of cash from PIF, Silver Lake, and Affinity Partners as well as roll-over of PIF's existing stake in EA -- constituting an equity investment of approximately $36 billion. Notably, $20 billion of debt financing was provided by JPMorgan Chase Bank. The deal cleared the necessary regulatory hurdles in July, paving the way for its completion at the close of trading on August 4, 2026. It was approved by regulators in major markets such as the European Union and the United States without incident, despite lawmakers and union leaders in the U.S. calling on the Federal Trade Commission to heavily scrutinize the leveraged buyout over geopolitical and employment concerns.

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Bending Spoons has made its first acquisition since going public last month at an $18 billion valuation, agreeing to buy spreadsheet and database startup Airtable for $1.28 billion in cash. Airtable joins a growing portfolio of notable brands owned by the Italian app developer, including Evernote, WeTransfer, EventBrite, and Vimeo. TechCrunch reports: Founded in 2013, Airtable has so far raised more than $1.4 billion over multiple funding rounds. At its peak, during the boom days of 2021, it was valued at over $11 billion, but earlier this year, its shares were said to be trading on the secondary markets at a valuation of $4 billion. With its current net cash-and-cash-equivalents balance, Airtable is now valued at about $2.25 billion, Bending Spoons said. "Airtable is a pioneering brand reshaping how teams organize data and manage critical workflows. The value being delivered is reflected in annual recurring revenue growing over 20% YoY to approximately $480 million as of June 2026, and joining forces with Bending Spoons will accelerate innovation even further," Bending Spoons' founder Luca Ferrari said in a statement.

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DoorDash has launched DoorDash Air, an in-house drone-delivery program that has just received FAA certification for commercial operations. "This does not mean DoorDash's custom-built drones will be delivering burritos tomorrow, or even next month," notes TechCrunch. "The company didn't provide a detailed timeline for when its aircraft would be used in operations." From the report: [I]t will likely begin with limited pilot programs in which the unmanned aircraft will travel short distances while remaining within the line of sight of the operator. If DoorDash wants its drones to fly autonomously over longer distances, it will need the FAA to approve its Beyond Visual Line of Sight technology, a certification that companies like Amazon, Wing, and Zipline have received in recent years. Despite the new program, the food and grocery delivery company is maintaining its existing partnerships with Wing and Flytrex. DoorDash partnered with Alphabet's Wing in 2022 for a drone delivery program in Australia, and later expanded the partnership to a couple of U.S. cities, including Dallas-Fort Worth, in 2024.

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An anonymous reader quotes a report from PYMNTS.com: Stripe is in talks to buy OpenRouter, an artificial intelligence (AI) startup that could sell for roughly $10 billion, according to The Wall Street Journal. The move would mark a significant step outside payments for a company that processes transactions for much of the internet. It also lands while Stripe pursues a far larger target: a bid for PayPal that would value the payments giant at about $53 billion. The Journal reported Thursday (July 23) that a transaction could be announced soon, though the talks could still collapse or another buyer could step in. The exact price under discussion could not be learned. Several other large technology companies had also been weighing deals for OpenRouter. The startup was valued at $1.3 billion in May, according to PitchBook, meaning a sale near $10 billion would represent a steep markup in a matter of months. Its backers include Menlo Ventures and CapitalG, the growth fund of Google parent Alphabet. OpenRouter sells software that lets customers reach AI models from OpenAI and Anthropic, along with open weight alternatives anyone can download and run. The Journal described the company's position this way: "OpenRouter is part of an emerging crop of startups that have found a lucrative niche between AI developers and the companies that want to use them." The platform lists hundreds of large language models and lets developers compare and switch between them.

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Nearly 200 Silicon Valley companies, including Proton and Y Combinator, are urging the Trump administration not to block U.S. access to Chinese open-weight AI models or risk crippling the next generation of U.S. startups. Politico reports: On Wednesday, the newly-formed Little Tech Association sent letters to President Donald Trump, Commerce Secretary Howard Lutnick and others in the administration with its appeal, marking the first coordinated effort by Silicon Valley's wider influential startup community to weigh in on one of the Trump administration's most closely watched AI debates. At issue: whether Washington should restrict access to increasingly powerful open-weight -- meaning, AI models whose weights are publicly available -- AI models released by Chinese companies such as Moonshot AI and Alibaba. "American leadership requires two things: world-leading American open-weight models and continued access for U.S. builders to open models already available worldwide," the startup founders wrote in the letter (PDF) obtained by POLITICO, also sent to Office of Science and Technology Policy Director Michael Kratsios. Instead of broad prohibitions, they argue the government should adopt targeted safeguards. And they warn that banning Americans from downloading Chinese open-weight models wouldn't stop their proliferation -- but would weaken U.S. startups. "There'll be hundreds of companies that instantly die," said Suhail Doshi, founder of AI infrastructure startup Particle and a member of the association, which POLITICO first wrote about exclusively, in an interview. "It's great for Anthropic. We're all going to have to spend money on Anthropic." Last week, the Beijing-based AI company "Moonshot" released a massive new model that reset the AI race overnight, immediately vaulting into the top tier of global AI, beating Anthropic's Fable 5 and OpenAI's GPT-5.6 Sol in front-end coding tests. China's Xi Jinping also used his first appearance at China's World AI Conference to promote a vision of low-cost, broadly accessible AI and call for international cooperation rather than technological rivalry.

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