Karen Kwok

OpenAI and Anthropic are teaming up with buyout shops and others ​to help install and tailor ​artificial intelligence. The backers inject a ⁠combined $5 bln in cash, and ​plenty of customers to underpin ​revenue. The problem: JVs often fail, and outsiders prefer neutral advisers.

The ChatGPT ⁠maker faces key ​hurdles, rising ​competition and apparent strategic missteps. With $600 bln ​in computing ​power to fund and ‌arch-rival ⁠Anthropic perhaps edging ahead, its CEO’s decisions — and ​controversies — ​invite ⁠fresh scrutiny ahead of ​a listing.

The Claude developer expects to post its first operating profit ​and double quarterly sales ​to $11 bln. That doesn’t account for ⁠cuts taken by partners ​like Google, while costs are soaring. ​Most crucially, customers are still grappling with how much value chatbots really provide.

A buoyant debut for ​Elon Musk’s $1.75 trln ​rockets-to-chatbots concern would be a ⁠strong signal for ​OpenAI and Anthropic’s planned ​listings. For everyone else, it’s less clear: the trio’s combined ​issuance could near 2021’s ​market-wide peak, leaving little room ‌for ⁠others.

A buoyant debut for ​Elon Musk’s $1.75 trln ​rockets-to-chatbots concern would be a ⁠strong signal for ​OpenAI and Anthropic’s planned ​listings. For everyone else, it’s less clear: the trio’s combined ​issuance could near 2021’s ​market-wide peak, leaving little room ‌for ⁠others.

Releasing a ​model based on a hacking super-weapon raised alarm in ‌Washington, which responded with fatal export controls. Nervy allies have new reason to build non-US rivals and fret over chokepoint tech. The $965 bln ​lab’s IPO hopes risk falling into a regulatory Pandora’s ​box.

By Karen Kwok By Karen Kwok NEW YORK, July 15 (Reuters Breakingviews) - The financial plumbing firm and buyout shop Advent offered $53 bln to buy the payments processor.

President Gianni Infantino wants to sell a ‌stake in a new commercial arm at a $20 bln valuation to funds led by Joshua Kushner’s Thrive. It ​would be the culmination of a sports gold ​rush, but lumpy revenue, weak minority rights ⁠and political controversy muddle the soccer pitch.

Microsoft and Meta are among the giants ‌spending $700 bln on data centers, roughly matching chipmaker free cash flow. Cloud services grow rapidly, but hardware reaps ​the benefit of capacity constraints. Investors will fear ​overinvestment until AI products deliver durable growth.

Public ​AI models released by ⁠Chinese startups ​like Moonshot lag ​just four months behind top proprietary systems from ​OpenAI. That ​boosts their appeal for governments ‌and ⁠firms spooked by the risk of Washington restrictions. ​Yet buyers ​still ⁠need US tech for ​the hardest tasks.