Plus: Anthropic targets record IPO size; Alibaba sells shares for AI infrastructure
Welcome to a Tuesday shaped by bold infrastructure moves and the complex realities of building AI at scale.
EXPORT CONTROLS
⚖️ Taiwan indicts nine in server scheme
The alleged scheme involved making it appear that 130 B300 servers ordered from Super Micro would be installed and used at a rented server facility in Taiwan.
The details:
Taiwan prosecutors indicted nine people over involvement in the illegal export of AI servers to China.
The indicted include employees of Nvidia and Super Micro.
Washington has imposed curbs since 2022 making it illegal for such semiconductors to be exported or sold in China without a license.
Anthropic expects its initial public offering could match or exceed the size of SpaceX’s record-setting IPO. SpaceX raised $75 billion in its IPO, making it the largest first-time share sale on record.
The details:
Anthropic’s potential offering would challenge that record only months after SpaceX went public.
In May, Anthropic raised $65 billion in a financing round that valued the company at $965 billion.
Anthropic’s annual revenue run rate rose from about $9 billion at the end of 2025 to $47 billion in May and more than $65 billion by the end of July.
Alibaba Group Holding Ltd. is seeking to raise about HK$80 billion ($10.2 billion) from a share sale. Alibaba is offering 710 million shares at HK$112.7 each.
The details:
The placement would be Hong Kong's biggest follow-on offering by a company on record.
Alibaba intends to use the proceeds to invest in full-stack AI capabilities, including by expanding and enhancing its infrastructure.