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The maker of Claude is looking to raise up to $64.4bn in one of the largest IPOs in history next week.

Anthropic is seeking a valuation of $1.4 trillion for its upcoming IPO, with the company looking to raise as much as $64.4bn in what would be one of the largest stock market debuts in history.

The company, which makes the Claude AI chatbot, launched its investor roadshow on Tuesday, with reported plans to go public next week.

According to its filing with the United States Securities and Exchange Commission (SEC) on Tuesday, Anthropic plans to offer 825 million shares priced between $70 and $78, giving it a valuation of up to $1.4 trillion when potential shares are included.

It has also secured $26bn in a separate private placement backed by some of the world’s largest tech companies, including Google, Nvidia, Microsoft and AMD.

The listing is being closely watched as a major test for how much investors are still willing to bet on AI companies, which have driven huge gains in tech stocks and the broader US market.

The $1.4 trillion valuation is lower than earlier estimates, which had suggested Anthropic could be valued between $1.5 trillion and $2 trillion, as concerns grow about the company’s enormous infrastructure spending and recent swings in AI stock prices.

Those concerns extend beyond Anthropic, with investors increasingly questioning whether AI companies can make enough money to justify their soaring valuations and sustain the boom.

Despite the uncertainty, Anthropic’s growth has been explosive.

The company reported revenues of $17bn in their third quarter, up from $1.4bn a year earlier, as its net losses narrowed. On Tuesday, Anthropic said it was on pace to generate about $81bn in annual revenue, $10bn higher than its estimate a month earlier.

The company credits its growth to the demand for Claude, including from industries like healthcare, financial services and legal services.

But to keep up with that demand, Anthropic has committed almost $900bn to computing costs with partners including Amazon and Google, a massive financial bet on continued demand for its product.

The IPO also lands in an uncertain political climate, with Democrats having just won control of both chambers of the US Congress in the midterm elections last week. The new Democratic-led House of Representatives and Senate have raised the prospect of more regulation of AI companies and new restrictions on the construction of data centres that power the technology.

AI stocks slid after the midterms, with the Nasdaq falling 5.5 percent on Thursday, its biggest one-day drop in more than a year. The selloff, also driven by declines at Nvidia, whose CEO was targeted by an alleged Chinese spy, wiped out trillions of dollars from the market.

Markets have since recovered some of those losses, though the Nasdaq dipped slightly below 1 percent on Tuesday. Some analysts argued the sell-off was an overreaction and that the election was unlikely to derail the expansion of data centres.

Tesla (TSLA) and SpaceX (SPCX) are targeting production capacity of 1M semiconductor wafers per month at their planned Terafab facility from 2032 onward, according to a Nikkei report published Monday.

The target includes approximately 700,000 wafers per month for memory

The UK government’s electric vehicle (EV) targets are expected to be reduced this week in a move likely to be welcomed by carmakers but opposed by environmental groups.

Under the current rules, 80% of new cars sold in the UK must be electric by 2030 but industry groups have long called for “urgent relief”.

New petrol or diesel cars are due to be phased out by 2030 and by 2035 all new cars must be zero emission.

But the speed of the transition to electric has been hotly debated, including within the cabinet.

The government has been consulting on reducing its 80% rule and a significant reduction is now expected.

Downing Street has insisted no decision has been made.

A government source told the BBC it would approach the issue in a “pragmatic and balanced” way.

If ministers do decide on a steeper watering-down of the rules, it will arguably be interpreted by some – alongside the approval of the Jackdaw gas field – as Prime MInister Andy Burnham prioritising economic considerations over environmental ones.

Sustainability groups say any weakening of the 2030 target will threaten the UK’s long-term electrification and climate goals.

Caracas, October 27, 2026 (venezuelanalysis.com) – The Trump administration has announced plans to back electoral reforms in Venezuela and push for presidential elections.

In a press briefing with international journalists on Monday, US Secretary of State Marco Rubio called Venezuela’s electoral infrastructure “designed to rig elections” and argued it must be replaced quickly to ensure a valid vote.

Rubio, who has been the Trump administration’s chief architect of US policy toward Venezuela, said talks between Acting President Delcy Rodríguez’s government and opposition sectors led by Dinorah Figuera were moving toward the appointment of a new Supreme Court (TSJ) before the end of the year, followed shortly afterward by the renewal of the National Electoral Council (CNE).

“Obviously, we need to use our influence with the interim [Venezuelan] authorities, to ensure that the process moves forward responsibly (…) Our goal is to have an election,” Rubio said. He welcomed what he described as “serious progress in that direction” and warned that “if anyone tries to derail the process, they will seriously harm Venezuela.”

In a separate press briefing, a senior State Department official added that, once both institutions have been reconstituted, the Venezuelan presidency will be declared permanently vacant, triggering a six-month constitutional deadline for presidential elections to be held “under competitive conditions.”

The anonymous official stressed that the process would also require political guarantees and regulations on access to the press. The official also defended the inclusion of pro-government sectors in a “transition,” arguing that peaceful democratic processes often require cooperation from outgoing factions, citing Spain and Portugal as precedents.

Asked about a specific election date, Rubio said the Rodríguez administration had complied with US timetables so far. 

“Are we going to wait two years [for an election]? That’s not going to happen. At best, I have two years and two months left in this position,” he added.

His remarks coincide with statements by Dinorah Figuera, who heads the opposition delegation in talks with government representatives and forecast presidential elections to take place in late 2027 or early 2028.

Meanwhile, the third round of political dialogue in Venezuela agreed to review four laws governing political participation, pluralism, and the autonomy of political organizations, including the Law on Political Parties, Public Meetings, and Demonstrations. The discussions also addressed disqualifications from holding public office and the review of legal frameworks related to political rights.

In parallel, Venezuela’s National Assembly formally launched the process to renew the 32 justices of the Supreme Court (TSJ). Applications from legal professionals seeking to join the court will be accepted from Wednesday, October 28, through Wednesday, November 11. The fourth round of dialogue is scheduled for November 11–15.

Rodríguez and other Venezuelan high-ranking officials have not commented on the State Department announcements.

The White House’s claims relating to Venezuelan reforms and elections coincided with the return of opposition leader María Corina Machado to the country on Sunday. The far-right politician had spent more than a year abroad and her supporters have called for her inclusion in the ongoing negotiations.

Asked about Machado’s return, Rubio said he had told the Rodríguez government “weeks ago” that Machado should be able to come back without obstacles. The secretary of state denied that Washington had obstructed Machado’s return, stating only that she was advised against traveling immediately after the June 24 double earthquake.

Rodríguez, for her part, said the opposition politician could have avoided the “show” of appearing at a church in Lara state before traveling 400 kilometers to Caracas at the head of a motorcade, amid chants of “freedom” and calls for immediate presidential elections.

“The airports are there. Let’s move away from the show (…) Many people who have benefited from the amnesty law and this process, which seeks peaceful coexistence, have been able to enter through the airport’s new transitional structures,” Rodríguez said.

The acting president declined to clarify which route Machado had taken to reenter Venezuela. Machado left the country in December 2024 for Oslo, where she received the Nobel Peace Prize before gifting it to Trump. She and her party maintain that the government prevented her from returning on seven previous occasions, a claim the authorities deny.

Asked whether the justice system would take action against Machado, Rodríguez replied that she hoped there would be “repentance and a change of course” from the opposition figure and that the opposition leader would be able to “contribute something to the country.” In recent years, Machado endorsed economic sanctions and a foreign military attack against Venezuela.

Edited by Ricardo Vaz in Caracas.

Strikes hit a major bridge in the Ukrainian capital as leaders push for ‘direct discussions’ to end the war.

Russia has attacked transport infrastructure in Ukraine’s capital, targeting a major bridge, as the leaders of Finland and Norway held a rare call with Russian President Vladimir Putin and a separate one with Ukrainian President Volodymyr Zelenskyy.

Officials in Kyiv said the South Bridge was hit in overnight attacks on the city ⁠⁠that included 16 ballistic missiles and more ⁠⁠than 280 drones. Zelenskyy said Russian forces struck again while emergency crews were still dealing with the aftermath of the initial strikes.

“This is a serious escalation in Russia’s campaign targeting our logistics,” he said.

Russian attacks also caused deaths and injuries in the cities of Kharkiv and Pavlohrad.

Russia’s Defence Ministry said on Telegram that its forces had targeted transport infrastructure in Kyiv and a logistics hub in the Kharkiv region, along with industrial sites and cargo vessels it said were serving military purposes.

Officials in the Russian-controlled part of Ukraine’s southeastern Zaporizhzhia region said a drone strike on a bus killed one person and injured 30 others.

One person was also killed and six others were wounded in a drone attack on the Russian city of Bryansk, near the Ukrainian border.

The attacks come as the warring sides prepare for talks. On Friday, Kyiv and Moscow said they had agreed to hold United States-mediated technical meetings in Abu Dhabi in early November.

Finnish President Alexander Stubb and Norwegian Prime Minister Jonas Gahr Store called Putin from Helsinki on Tuesday to convey messages on future negotiations ahead of the Abu Dhabi meetings, according to a statement from both governments.

Zelenskyy, who spoke to the pair afterwards, said on X that they had told Putin real steps were needed to de-escalate attacks on Ukraine’s energy facilities and infrastructure. He said they also discussed preparations for the November talks.

“There must be peace, de-escalation is needed, and Russia must stop dragging out the war,” he said.

In the Finnish-Norwegian statement, Stubb said the war’s outcome would directly affect the security of Finland and Norway, both of which border Russia, and of Europe more widely.

“Ending the war requires direct discussions,” he said.

Store said the two leaders had stressed the importance of de-escalation during the call.

Both leaders said they spoke for their own countries, not Europe, and that Finnish and Norwegian support for Ukraine would continue.

Most Western European leaders have avoided direct contact with Putin since Russia’s full-scale invasion of Ukraine began in February 2022.

The calls come amid a renewed US push to end the war. The two governments described Tuesday’s call, held in consultation with Ukraine, as a follow-up to talks in Oslo on October 20 with Zelenskyy and US special envoy Steve Witkoff.

Witkoff met Putin in St Petersburg the next day, after which the Kremlin said it was ready to resume US-mediated talks with Kyiv that stalled in February.

US President Donald Trump has also credited his wife, First Lady Melania Trump, with securing a localised ceasefire in the southern Kherson region, which took effect on Tuesday to allow aid into the Russian-controlled town of Oleshky.

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