"Anthropic is laying the groundwork for what could become one of the largest tech listings in history, as the AI start-up accelerates plans to go public. The company has engaged US law firm Wilson Sonsini to advise on the process, with a potential initial public offering targeted as early as 2026. While discussions with major investment banks have taken place, yet sources suggest these remain informal, indicating that the company has yet to select underwriters for the offering."
"This comes as Mistral has unveiled a new suite of open-weight AI models, including its flagship Mistral Large 3, as it seeks to strengthen Europe's position in the global AI race. The company claims the system is among the most advanced multimodal and multilingual open models available, supporting most European languages and several Asian ones. As OpenAI faces mounting pressure from rivals in the AI race, chief executive Sam Altman has declared a 'code red'."
Anthropic has engaged Wilson Sonsini and accelerated IPO preparations, targeting an initial public offering as early as 2026 while informal discussions with major banks continue and underwriters have not been selected. Mistral unveiled a suite of open-weight models, including Mistral Large 3, claiming advanced multimodal and multilingual capabilities across most European and several Asian languages. OpenAI CEO Sam Altman declared a 'code red', pausing projects such as advertising tools, AI shopping, health agents and Pulse to concentrate resources on its flagship product. Google is trialling an integration that blends AI Overviews with AI Mode in Search to enable deeper follow-up queries. Eventbrite is being acquired by Bending Spoons for USD$500m.
Read at Exchangewire
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