Anthropic's IPO prospectus shows sweeping AI vision, surging costs

But the cost to get there will be staggering. Anthropic reported a net loss of $42 billion in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming years, according to the prospectus.

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Piyush Goyal to headline ET Startup Awards; The Souled Store eyes fundraise

Happy Tuesday! Meet our distinguished guest of honour for The Economic Times Startup Awards 2026. This and more in today’s ETtech Morning Dispatch.

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Union minister Piyush Goyal to headline ET Startup Awards on October 9 in Bengaluru

Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile deals with the UK, which came into force in July, and the EU, which is expected to take effect early next year. His ministry is also overhauling a raft of laws and regulations to make it easier to do business and to cement India's position as a global manufacturing hub, a push that has coincided with record foreign direct investment (FDI) inflows of $94.53 billion in FY26.

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Trump said he would dine with Anthropic CEO Dario Amodei amid mounting AI debate

Trump told reporters after returning to Joint Base Andrews in Maryland that he was grabbing dinner at 10 pm with Dario Amodei. The meal comes just two days after Amodei's company faced a setback in a court case against the government over its barring its products for Defense Department work.

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a16z’s Raghuram isn't writing off India AI yet; insurers weigh new rules

Happy Monday! a16z’s Raghu Raghuram said India can build frontier AI companies by using its talent. This and more in today’s ETtech Morning Dispatch.

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China weighs allowing ByteDance, Alibaba to buy new Nvidia chips: The Information

China's Ministry of Industry and Information Technology recently asked companies including ByteDance and Alibaba to report their plans to purchase Nvidia's RTX PRO 5500 chips, according to the report.

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When AI agents go rogue: Australia breach offers warning for countries like India

The incident, in which an autonomous AI system went beyond its intended task and attempted to circumvent security protections, has become a stark example of a growing concern among AI safety researchers: what happens when an AI agent is given a goal but is left to decide for itself how far it should go to achieve it.

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