AI infrastructure company Accelevation and backer Olympus raise $540M
AI infrastructure company Accelevation and backer Olympus raise $540M in a US IPO after selling 30M shares for $18 each, below its marketed $20-$24 range
TL;DRAI infrastructure firm Accelevation went public at $18/share, below initial guidance.
Why it matters: Weak IPO pricing signals investor caution on data center valuations amid AI hype.
A profile of Mariano-Florentino Cuéllar, Anthropic's first global
TL;DRAnthropic hires AI policy veteran Cuéllar, who drafted California's AI safety law.
US Health Secretary RFK Jr. says AI can offer "a second opinion
TL;DRHealth Secretary RFK Jr. claims AI could provide better medical advice than doctors.
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Tech Workers Made ChatGPT Drive a Toyota Corolla
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Glencore Secures Approval for Key Australian Coal Mine Expansion
Australian regulators approved a coal mine expansion extending operations to 2045.
South Korea's Kospi was the world's worst-performing stock market
South Korea's stock market fell 18.8% in Q3 but is still up 60% for the year.
DeepSeek Unveils Huawei AI Chip Tools
DeepSeek released Huawei chip programming tools as an alternative to Nvidia.
Apple Pay launches in India, letting eligible Axis Bank Visa and Mastercard
Apple Pay now works in India with Axis Bank cards on Apple devices.
Apple Pay finally launches in India after years on the sidelines
Apple Pay is now available in India, but major banks aren't supporting it yet.
Michael Burry’s Protégé Warns of ‘Value Traps’ in Korean Stocks
Korean stocks look cheap but may hide corporate structures that lock out small investors.