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An anonymous reader quotes a report from the Financial Times: Anthropic investors expect the AI startup to float at a valuation of $2 trillion or more in October, a dizzying figure that would eclipse SpaceX and make the AI lab's debut the largest-ever initial public offering. Half a dozen of the company's backers told the FT that Anthropic's rapidly rising revenue would enable it to more than double its current valuation in a planned autumn float. A listing at that level could unlock billions of dollars in gains for the five-year-old company's early investors but would also test public markets that are growing more nervous about the AI boom. Anthropic's backers say booming demand for the lab's advanced AI models and tools justifies their lofty expectations. Investors expect the Claude maker's annualized revenue to be between $100 billion and $120 billion by the end of 2026 -- using the startup's preferred measure, which infers full-year sales from recent performance -- up by more than 10 times over the course of 2026. "If Anthropic is growing 800 percent a year, you'd think at the incredibly low end they would trade at 30 times [revenue]," said one investor in the group. "That would make them a $3 trillion company." According to Bloomberg (paywalled), Anthropic is currently in talks to acquire Decart AI for roughly $6 billion. "Decart develops world models alongside software designed to lower AI training expenses by improving how efficiently chips are utilized," reports Quartz. "That capability could allow Anthropic to get more out of its current infrastructure as demand grows. If the deal closes, Decart's team would join Anthropic's inference and performance organization."

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Aafaq Bookstore features hundreds of titles on a wide range of subjects at its new shop on Edgware Road, including many published by the company.

Scales, who had vascular dementia, died peacefully aged 93 last October at her home near Wandsworth Common in south west London.

Last night, millions of Britons across the country watched in awe as the sun disappeared during the best solar eclipse in a generation.

A large muck heap fire has broke out on farmland in Stapleford Tawney, prompting a call out by the fire service.

A large muck heap fire has broke out on farmland in Stapleford Tawney, prompting a call out by the fire service.

A NASA image of Mars appears to show an eerie, jellyfish-like figure lurking in the distance.

There has already been a British sprinting one-two at this week's European Championships and another could be on the cards as Amy Hunt and Dina Asher-Smith do battle.

Host Chris Pleasance sits down with senior feature writer Guy Adams to break down his weeks-long investigation into 'plagiarising professor' Jason Arday.

Hassanal Bolkiah, the world's longest-reigning monarch, issued the decree after the 33-year-old 'tarnished the monarchy's good name', a statement said.

Katie Price squeezed into a barely-there black bikini as she cosied up to Wayne Lineker while watching the eclipse together in Ibiza on Wednesday.

As a middle-aged woman with a pulse, it's not often I look at Brad Pitt and feel a crushing sense of disappointment. But this week, I did as I read the interview he did with Esquire magazine...

Heart Aerospace's X1, billed as the world's largest battery-electric aircraft, completed a 27-minute maiden flight in New York using more than 1 MW of power and only about $5 worth of electricity. The 106-foot-wingspan demonstrator is a precursor to the company's 30-seat hybrid-electric ES-30 regional airliner, targeted for service in 2031. Interesting Engineering reports: Developed by Heart Aerospace, the X1 demonstrator lifted off from Plattsburgh International Airport in New York on Wednesday, August 12. The piloted aircraft remained in the skies for about 27 minutes and made it to a 1,100-foot altitude above ground level (AGL). According to the Swedish aerospace company, the aircraft has a wingspan of 106 feet (32 meters). It's additionally 76 feet (23 meters) long and has a takeoff weight exceeding 25,000 lbs (11,340 kilograms). "With the first flight of X1, Heart Aerospace has demonstrated electric flight at the scale of a commercial airliner," said Anders Forslund, Heart Aerospace founder and CEO. "Electric commercial aircraft have the potential to fundamentally reshape airline economics and, ultimately, lower the cost ofÂair travelÂfor passengers." "This is at the heart of our vision for abundant air travel, with electrification enabling more affordable, frequent, and cleaner air service to and from airports closer to home." You can watch the first flight on YouTube.

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A major incident has been declared due to a 'large fire' in Salford Priors, Stratford-on-Avon, that has seen a huge blaze rip through at least six homes.

Burry has spent months warning that the extraordinary sums being poured into AI infrastructure could be creating some of the same financial distortions that helped bring down Enron.

Nicole Kidman has spoken openly about how she is feeling now following her surprise split from her husband of 19 years Keith Urban.

Victoria and David Beckham are continuing their endless summer of fun on board their £16million yacht.

A fake Romanian escort and her partner have been sentenced to 17 years behind bars for killing two men after drugging them unconscious to steal from them.

A multi-vehicle crash has closed the A120 in both directions near Marks Tey. Traffic building between Motts Lane and Great Tey Road.