Anthropic is set to kick off the formal marketing of its blockbuster initial public offering as early as Tuesday after an apparent snafu over the filing documents added a dose of last-minute drama to a nervous market. Bloomberg's Manuel Baigorri explains. (Source: Bloomberg)

SoftBank Group Corp. reported its first net loss in almost two years after swallowing a $3.7 billion writedown over a US data-center project amid rising fears around the sustainability of AI growth.

Moonshot AI accessed a trove of Nvidia Corp.’s most advanced chips this summer, according to documents filed with Beijing regulators, highlighting the Chinese artificial intelligence champion’s reliance on American hardware despite US export restrictions.

Japanese government-backed startup Rapidus Corp. has fallen behind schedule on its high-stakes pledge to mass produce cutting-edge chips by March 2028 and may no longer be able to make that deadline.

Hong Kong listing proceeds have climbed to the highest in six years after a fresh wave of offerings helped the market regain some of the momentum it had lost in recent months.

Anthropic PBC is planning a live-streamed event, at which co-founder and Chief Executive Officer Dario Amodei will discuss the Claude chatbot maker’s initial public offering with JPMorgan Chase & Co. CEO Jamie Dimon, according to a person familiar with the matter.

Kaleem Rizvi, Global Co-head of Corporate Banking at Citi, says the bank envisions hiring 100 bankers over the next several years after it won approval for its securities venture in China. He speaks with Stephen Engle on the sidelines of the Citi China Conference in Shanghai. (Source: Bloomberg)

Australia will create a new artificial-intelligence safety regulator that will have the power to impose “significant penalties” on companies that do the wrong thing, Prime Minister Anthony Albanese said Tuesday in Canberra.