
Wall Street Makes Its Pitch For Anthropic’s I.P.O.
As market uncertainty deepens, investment banks are on a roadshow to sell investors on what could be the largest public offering ever.
Everything on the wire from NYT Business (US).

As market uncertainty deepens, investment banks are on a roadshow to sell investors on what could be the largest public offering ever.

The company described “encouraging” progress on efforts to overcome a second day of disruptions to its email, messaging and other services.

A prolonged outage left many without email and other services, the most recent reminder that the world’s technological underpinnings rely on just a few companies.

A drop in Nvidia shares after the ouster of the company’s chief executive has not spread to the rest of the market, as stocks have held their ground broadly.

The revelations surrounding Jensen Huang, who resigned from Nvidia over extramarital affairs, inspired social media posts using the very technology his company helped develop.
Jensen Huang was the driving force at Nvidia, with 60 direct reports and no clear succession plan. Tripp Mickle, one of our technology reporters, examines Mr. Huang’s central role in the company and the artificial intelligence industry.

The ousted Nvidia chief executive was the consummate dealmaker leading the trillion-dollar A.I. build out.

Health services, schools, police departments and companies worldwide reported disruptions to their work. The cause was unclear, though Microsoft appeared to rule out a cyberattack.

The incoming majority is also planning aggressive oversight of the White House budget director, who appears to be working to install an ally to monitor the budget office’s handling of federal spending.

Many East Asians said that he had swagger and seemed like a superhero. Now there are worries that the spy scandal turns into hyper scrutiny against them.

The Treasury secretary blamed the department for not sanctioning the Singaporean firm and said that Nvidia employees should be held accountable if they sidestepped the law.

Mr. Huang championed start-ups, with Nvidia holding $48 billion worth of stakes in 229 private companies, including OpenAI and Anthropic, at the end of July.

The Federal Reserve will vote on interest rates less frequently beginning next year as part of a plan by the central bank’s chairman, Kevin M. Warsh, to overhaul how it operates.

The ex-Nvidia C.E.O. was a bridge between companies and governments. His exit will reverberate, especially in China where it could accelerate a self-reliance drive.

Critics say Howard Lutnick, the commerce secretary, and his department have shielded Nvidia as concerns have grown over A.I. chip sales to firms like Megaspeed.
The victims are often older people or immigrants, with thieves going after vacant land or unoccupied homes. But there are ways to protect yourself.

The ouster of Jensen Huang from the chipmaker he helped found is reverberating throughout Silicon Valley, Washington and beyond.
An Austrian designer is unveiling a version that aims to solve an age-old problem for connoisseurs: how to keep the alcohol from overpowering the aroma.

Senator Tim Scott said he had requested that the Nvidia co-founder and the commerce secretary appear before the Senate Banking Committee.

Elon Musk’s rocket and artificial intelligence company has spent billions to develop the giant warehouses full of computer servers that power the technology.