Britain said it ‘stands ready’ to send naval assets to the Strait of Hormuz but declined to specify timelines or conditions for deployment.
Tag: Business
Anthropic Files Confidentially for IPO as AI Company Valuations Soar
Anthropic submitted a confidential IPO filing after closing its latest round at a $965 billion valuation, setting up a potential public listing.
San Francisco Proposes Government Grocery Subsidies to Lower Food Prices
A San Francisco city leader is proposing publicly funded grocery subsidies to address rising food costs and food insecurity in the city.
JPMorgan Formalises AI as Core Infrastructure With $19.8 Billion Tech Budget
JPMorgan Chase reclassified its AI investments from R&D to core infrastructure as part of a $19.8 billion 2026 technology budget targeting $2.5 billion in annual AI value.
India-US Nuclear Talks Focus on Small Modular Reactors and Private Investment
A high-level US industry delegation met with India’s Union Minister Jitendra Singh to discuss small modular reactors and nuclear sector collaboration.
India UK Trade Deal: What Reduced Tariffs Mean for Tech and Pharma Exports
Analysts say the India-UK FTA entering into force in July will significantly benefit Indian IT services, pharmaceuticals and textiles with reduced tariffs.
OpenAI Lost $3.7 Billion in Q1 While Revenues Hit $5.7 Billion
Internal shareholder documents reveal OpenAI’s massive losses even as revenues continue to climb at an unprecedented pace.
SpaceX Set to Acquire AI Coding Tool Cursor for $60 Billion in Stock
Elon Musk’s SpaceX has signed an agreement to acquire Anysphere, the company behind the AI coding assistant Cursor, for $60 billion.
OpenAI Confidentially Files for US IPO That Could Value Company at $1 Trillion
OpenAI submitted a confidential S-1 to the SEC for an IPO potentially happening as soon as September 2026 at a valuation near $1 trillion.
Kroger-Albertsons Lawsuit Heats Up Over Claims of Intentional Divestiture Failures
Albertsons alleges Kroger tried to divest unprofitable stores during the failed merger, according to a review of recently unsealed court filings.