Anthropic is reportedly seeking a valuation of up to $1.4tn in its imminent stock market flotation, below the $2tn expected earlier.
Why it matters: A lower valuation than the expected $2tn signals investor doubt about the AI boom, which matters for frontier lab funding.
The Nasdaq slumped up to 5% and entered correction territory as investors bet on tougher AI regulation after the midterms.
Why it matters: Shows investors pricing expected AI regulation after the midterms, so policy expectations are now moving tech valuations.
Asia-Pacific markets slid after the Wall Street rout, with investors fearing AI panic after the Democrats' midterm success.
Why it matters: Losses from the tech rout are tied to fears of slower data-centre buildout, a link that could affect AI infrastructure financing.
US tech stocks rebounded on Tuesday after an AI-spending selloff, as midterm results were seen as possibly bringing more AI regulation.
Why it matters: Markets were already pricing in possible AI regulation after the midterms, a theme that drove sharper falls later in the week.
Geoffrey Hinton says humans might have been better off without AI and warns of a large-scale incident, such as a financial or power blackout, within a year or two.
Why it matters: A Nobel-winning pioneer warning of near-term systemic incidents adds weight to calls for resilience planning in critical systems.
That’s the past four weeks.