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BusinessAnthropic, the AI company behind Claude, is preparing for an IPO likely after the US midterm elections in November. The leaked prospectus reveals a net loss of nearly $42 billion in 2025 and projected AI infrastructure costs of $518 billion in coming years. Investors should watch if Anthropic can convert its rapid growth and spending into profits. The full S-1 filing with the SEC is still awaited.
HT World·5h ago
WorldKristin Sargent, a University of Georgia student, survived an eight-storey fall from her apartment in Athens after reportedly falling through an open window while dancing on a couch. She remains seriously injured but is expected to recover, according to police.
Mint·39m ago·Athens
WorldThe Indian Institute of Management Bangalore Alumni Association (IIMBAA) raised over Rs 20 lakh to support a first-year female student seriously injured in a road accident. She is in a coma and receiving treatment at Fortis Hospitals, Bannerghatta Road. Hospital expenses exceeded Rs 16 lakh, and 267 alumni contributed Rs 20.11 lakh after an appeal on September 25.
Deccan Herald·45m ago·Bengaluru
PoliticsKarnataka's Home Department has formed three expert committees led by retired senior IPS officers R K Dutta, M N Reddi, and Kamal Pant to recommend police reforms over the next two months. The committees will focus on citizen services, modernisation, and restructuring the police force. Home Minister Priyank Kharge announced this initiative following extensive consultations and a departmental review.
Deccan Herald·39m ago·Bengaluru
SportsNike will launch the Caitlin 1 basketball shoes on October 1 at 10 am ET, featuring two colorways: Caitlin Blue and Warning Code. Caitlin Blue comes in adult, big kids, and little kids sizes priced between $105 and $140. Warning Code is available only in adult sizes for $140. Shoes can be purchased via Nike SNKRS app, Foot Locker, Champs Sports, Hibbett, and Dick's Sporting Goods, with resale options on StockX and GOAT.
HT Sports·54m ago
WorldOfficials in Dona Ana County, New Mexico, have ordered evacuations between Salem and Garfield due to the imminent risk of McLeod Dam failure amid rapidly rising water pressure. The National Weather Service issued a flash flood emergency affecting rural areas including parts of Highways 187 and 390. Water levels surged over 20 feet in 30 minutes, with flow rates reaching 56,100 cubic feet per second. An evacuation center is open at Radium Springs Community Center in Las Cruces.
HT World·1h ago·Las Cruces
HT World·5h ago
Anthropic, the AI company behind Claude, is preparing for an IPO likely after the US midterm elections in November. The leaked prospectus reveals a net loss of nearly $42 billion in 2025 and projected AI infrastructure costs of $518 billion in coming years. Investors should watch if Anthropic can convert its rapid growth and spending into profits. The full S-1 filing with the SEC is still awaited.
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