Rory O'Driscoll says Anthropic's S-1 was strong on almost every measure, including margins, operating income, and compute efficiency, though it gave no Q3 revenue figure.
Microsoft is offering voluntary buyouts to about 60,000 of its 223,000 employees, roughly 27%, which Jason Lemkin reads as a signal it does not want those staff.
Meta's plan to raise up to $95bn in equity is unrelated to chip market swings, Rory O'Driscoll argues, because its capex has dropped below free cash flow for the first time.
Anthropic Files for IPO at Roughly $2 Trillion Valuation
Funding and deals
Anthropic. AI lab filed its S-1 for an IPO at about $2tn, with roughly $100bn of stock to be issued.
DeepSeek. Chinese AI lab raised about $15bn, the largest private round ever for a Chinese company, with Tencent among the investors.
Legora. Startup reportedly raised a $550m round after passing $200m in annual recurring revenue.
Instinct. Rumoured to raise at a $30bn valuation, with Harry Stebbings seeing a WeChat of the West and Jason Lemkin saying he would pass.
Arda. Raised a $232m series A led by former OpenAI research chief Bob McGrew's company.
Warp Science. Kevin Weil left OpenAI science to launch it, raising $215m at a very early pre-seed stage.
News
Microsoft offers buyouts to 27% of its workforce. About 60,000 of 223,000 employees got the offer. Jason Lemkin says it signals Microsoft does not want them, while Rory O'Driscoll expects AI depreciation from 2027 to push Microsoft, Google and Meta to cut headcount.
Meta launches equity raise of up to $95bn. The plan combines $35bn of common and preferred stock with a $60bn at-the-market program. Rory O'Driscoll says it is unrelated to chip swings, since capex fell below free cash flow for the first time.
Chinese open-weight models face bans and security doubts. DeepSeek is being banned across US federal agencies, and Qwen was found sending data to Alibaba servers. Jason Lemkin predicts open-weight usage on OpenRouter falls from about 60% to 10% within six months.
Cloudflare cuts 20% of staff as layoffs spread. Cloudflare laid off 20% of its staff on May 7. Jason Lemkin predicts layoffs will accelerate because companies have no stability and no choice.
Chip stocks rebound after Anthropic filing. Chip stocks lost $200bn in a single day, then began rising once the S-1 appeared. Rory O'Driscoll notes South Korea is up 10%, with SK Hynix a driver.
AI models find decade-old PHP security flaws. OpenAI models and Wiz found two critical PHP flaws hidden for more than a decade. Jason Lemkin notes PHP runs about 40% of the internet and predicts everyone will be hacked.
Anthropic returns to US government GSA schedules. Anthropic is listed across all US government GSA schedules with a 40% discount, according to Jason Lemkin.
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