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Sep 29
Anthropic's US$2 trillion IPO bet comes with 80 pages of warnings
Confidential details of Anthropic's initial public offering (IPO) prospectus, reviewed by Reuters, reveal an enterprise operating at an unprecedented scale and making a historic wager that artificial intelligence will transform the global economy far more profoundly than industrialization, electricity, or the internet. To capture that future, the startup is targeting a public valuation of more than US$2 trillion.
Foxconn has partnered with Chinese automotive design and engineering services provider IAT Automotive Technology to establish Beijing Futekang Intelligent Robot Technology, extending its push into embodied intelligence and robotics.
As warnings about catastrophic AI risks intensify, Nvidia CEO Jensen Huang is making a different case: AI safety should be treated as an engineering challenge, not a justification for regulatory exemptions.
As Anthropic prepares to ask public markets to back its expansion, confidential IPO filing details seen by Reuters reveal how heavily the AI developer relies on a small group of tech giants. At the core of its business is an increasingly circular financial network in which companies like Amazon and Alphabet's Google act simultaneously as equity investors, cloud suppliers, distribution channels, and direct AI competitors.
Tesla disclosed on September 29 that it has arranged US$30 billion in new loans and credit facilities as it ramps up investment in AI and robotics, according to a regulatory filing. The funding comes as the company prepares for a record 2026 spending surge across AI compute infrastructure, solar cell manufacturing, and a semiconductor wafer project with SpaceX.
AT&T and Corning have agreed to a multi-year deal worth more than US$3 billion to expand US fiber networks. The agreement underscores how rising internet use, streaming, and artificial intelligence (AI) are increasing demand for higher-capacity connectivity worldwide, as operators race to build faster, more resilient infrastructure for homes and businesses.

Qualcomm unveiled no new PC chips at Snapdragon Summit 2026, but its PC strategy remained firmly in focus.

Florida Attorney General James Uthmeier on September 28 asked a court for a temporary injunction to prevent OpenAI from developing new models without third-party-approved safety safeguards during the lawsuit, and to restrict minors' use of ChatGPT.
OpenAI used its DevDay 2026 conference to compete on price and autonomy rather than raw capability, launching a midrange model priced at one-fifth of its flagship and a family of always-on agents a day after abandoning its planned flagship upgrade. The shift moves its rivalry with Anthropic, Meta and Google toward cost per task and agent platforms at a time when safety lapses are constraining how fast frontier models can ship.
US President Donald Trump has responded to mounting alarm over rogue AI agents with a voluntary industry pledge, two executive orders, and a new name for the technology rather than new regulation, signaling that Washington intends to leave frontier-AI safety largely in companies' hands at least until after the November 3 midterm elections.

Among personal AI devices beyond smartphones, smart glasses remain the fastest-growing category, according to Ziad Asghar, senior vice president and general manager of XR, wearables, and personal AI at Qualcomm. Speaking during a media Q&A at Snapdragon Summit 2026, Asghar noted that while smart glasses are drawing intense market focus and a steady stream of new product launches, AI pins and pendants are emerging right behind them to cater to users who prefer not to wear eyewear.

Acer marked its 50th anniversary on September 28, 2026, with the premiere of Smile for Half a Century, a commemorative musical that traces the company's journey from a small startup to a global technology brand while looking ahead to its next chapter.