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Anthropic Seeks $1.3 Trillion Valuation in Blockbuster IPO as Claude Maker Heads to Nasdaq

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Image: The Anthropic logo via Wikimedia Commons (public domain). Anthropic, the artificial intelligence company behind the Claude chatbot, is seeking a valuation of about $1.3 trillion in its initial public offering, in what would be one of the largest stock market debuts in history. Key facts Anthropic said in a filing on Tuesday that it plans to sell 825 million shares at $70 to $78 each, according to the Wall Street Journal and CNN. At the midpoint of that range, the offering would raise more than $61 billion and value the company at about $1.33 trillion. At the top of the range, it would raise $64.4 billion and be valued at $1.4 trillion. The company also plans to raise an additional $26 billion from big investors including Alphabet's Google and Advanced Micro Devices. Shares are expected to begin trading on the Nasdaq under the ticker "ANT" next week. The targeted valuation is far below the roughly $2 trillion figure that had been discussed months ago. Bac...

Spain Hit by First General Strike Since 2012 as Workers Protest Housing Costs and Living Expenses

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Image: A demonstration in Madrid (file photo) via Wikimedia Commons — CC0 public domain. Spain is holding its first full-scale general strike in 14 years on Wednesday, as workers across the country stop work to protest soaring housing costs, stagnant wages and the rising cost of living. Key facts The 24-hour strike, running from midnight to midnight on 11 November, was called by Spain's two largest unions, the Comisiones Obreras (CCOO) and the Unión General de Trabajadores (UGT), under the slogan "Salarios, vivienda y precios" — "wages, housing, prices". It is the first nationwide general strike in Spain since 2012, and the first centred mainly on housing and the cost of living rather than a conventional workplace dispute. Transport and public services are expected to be disrupted across the country. The Transport Ministry has ordered minimum services of 39–64% on international flights and 52–85% on many island connections. Demonstrations are planned in ...

US Charges Three Men Over Alleged Iran-Backed Plot to Attack RAF Fairford Airbase

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Image: A US Air Force B-52H Stratofortress at RAF Fairford, England, in May 2024 (file photo) via Wikimedia Commons — public domain, US Air Force photo. The United States has charged three men with plotting a series of terrorist attacks in Europe and the United States, including a planned assault on a British airbase used by the US Air Force, the Department of Justice announced on Tuesday. Key facts The three men are Mohammad Baqer Saad Dawood al-Saadi, 32, a dual Iranian-Iraqi national; Mohsen Mohajeri, 48, an Iranian national; and Mohammad Ali al-Hassani, 35, an Iraqi national, according to the BBC and the Associated Press. They face an eight-count indictment unsealed in a Manhattan federal court, including conspiracy to provide material support to the Islamic Revolutionary Guard Corps (IRGC) and the Iran-backed militia Kataib Hezbollah. Prosecutors allege the men plotted nearly 20 attacks on Jewish communities in Europe and the United States, as well as the planned attack on ...

Nvidia Shares Slide as FBI Probes CEO Jensen Huang's Affair With Alleged Chinese Spy

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Nvidia CEO Jensen Huang. Image via Wikimedia Commons. Shares in Nvidia fell sharply on Monday after its chief executive, Jensen Huang, admitted to an extramarital affair and the company said it was investigating reports that he was the target of a foreign intelligence effort, according to CNN and the BBC. What happened Nvidia shares fell as much as 8.8% shortly after Monday's opening bell, before paring some losses to end the day down roughly 4.3%, erasing about $192 billion from the company's market value, according to CNN. The stock is now down about 25% from its peak a month ago, and last week erased its gains for this year. Huang has acknowledged he had been intimate with a business executive, and issued an apology to his wife and to the company in an open letter posted on Nvidia's website. Nvidia announced on Sunday it was conducting an independent investigation into reports that Huang was the "target of a foreign intelligence effort". The New York T...

At Least 17 Workers Killed in Steel Factory Explosion in Western Turkey

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Molten steel being poured at a steelworks (file photo). Image via Wikimedia Commons (CC BY-SA 2.0, geograph.org.uk). At least 17 workers have been killed and at least 12 others injured in an explosion at an iron and steel factory near the port city of Izmir in western Turkey, according to the BBC. What happened The blast happened around midday on Monday, 9 November, at the Habas Demir Celik plant in Aliaga, one of Turkey's leading steel producers. The local governor said the explosion was caused by a crane carrying a replacement boiler collapsing and falling into an electric arc furnace below, where molten steel was being cast. Eyewitnesses said the explosion shook the ground, with one person initially believing an earthquake had struck. President Recep Tayyip Erdogan first confirmed 16 deaths after a cabinet meeting on Monday, but Health Minister Kemal Memisoglu later said one of the critically injured workers had died, taking the toll to 17. Izmir Governor Suleyman Elban...

Russia and Ukraine Resume US-Brokered Peace Talks in Abu Dhabi After Nine Months

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The Abu Dhabi skyline. Image via Wikimedia Commons. Russian and Ukrainian officials are meeting in Abu Dhabi on Tuesday for two days of US-brokered talks aimed at ending the war in Ukraine — their first direct negotiations since February, according to Reuters. What we know The talks are scheduled for 10–11 November in Abu Dhabi, in the United Arab Emirates, and are being mediated by the United States. US President Donald Trump said last week that a broad peace deal was possible in the four-and-a-half-year-old war, and that it could also cover Europe's security. Russia's delegation is headed again by Kremlin aide Vladimir Medinsky, and includes Deputy Foreign Minister Sergei Ryabkov for the first time and senior military officer Yuri Zhigarlovsky. Ukraine's team is led by Rustem Umerov, with presidential chief of staff Kyrylo Budanov and parliamentarian Davyd Arakhamiya also taking part. The United States is represented by special envoy Steve Witkoff and Jared Kushn...

Nigeria Beat Japan 2-1 to Win First FIFA U-17 Women's World Cup Title

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Nigeria's women's youth national team (file photo) — Image via Wikimedia Commons (CC BY-SA 4.0) Nigeria's Flamingos beat Japan 2-1 in the final in Rabat on Saturday, 7 November, to win the FIFA U-17 Women's World Cup for the first time — becoming the first African nation ever to lift the trophy. The final Nigeria took the lead in the 39th minute through Awawu Bashiru, before Oluebube Umejiaku doubled the advantage two minutes into the second half, according to FIFA. Japan pulled one back through Fuki Ito in the 80th minute and pushed for an equaliser, but the Flamingos held on to win 2-1 at Pitch 3 of the Mohammed VI Football Complex in Rabat, Morocco. Umejiaku was named Player of the Match, and her 47th-minute winner was her fourth goal of the tournament — a tally that helped her win the Golden Ball award as the tournament's best player. A historic run The victory capped a remarkable campaign in which Nigeria recovered from an opening defeat to Poland to...