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AI Giants Race to Public Markets
3 Dec
Summary
- Anthropic eyes 2026 IPO, nearing $300 billion valuation.
- Amazon launches Trainium3 UltraServer AI chip for faster, cheaper AI.
- Kalshi raises $1 billion, valuing prediction market at $11 billion.
The artificial intelligence sector is witnessing significant movements toward public markets and hardware innovation. Anthropic is reportedly working with financial advisors for a potential IPO as early as 2026, a move that could value the company near $300 billion and intensify competition with rivals like OpenAI.
Amazon, at its AWS re:Invent confab, introduced the Trainium3 UltraServer, a custom AI chip designed to offer a substantial increase in compute power and energy efficiency. This development signifies Amazon's growing commitment to in-house silicon development, mirroring strategies by Google and Microsoft to reduce reliance on dominant chipmakers.
Adding to the dynamic landscape, prediction market Kalshi announced a $1 billion funding round, achieving an $11 billion valuation. This rapid growth for the federally regulated platform, which allows trading on real-world events, highlights investor enthusiasm, though it faces ongoing legal challenges questioning its market classification.
