Anthropic released the long-awaited prospectus(招股说明书) for its IPO, which promises to be one of the largest ever, if not the largest(即使不是最大的). Revenue soared(飙升) from $787m in the second quarter of 2025 to $11.6bn in the same quarter this year. Its spending on personnel, including stock-based compensation(股票薪酬), rose from $320m to nearly $1.9bn. Anthropic reported a net loss of $66.3bn for the quarter, mostly because of an accounting charge related to the reassessment of the fair value of debt that could be converted into shares.(Anthropic报告该季度净亏损663亿美元，主要原因是与重新评估可转换为股票的债务公允价值相关的会计费用。) It actually made an operating profit of $974m in the second quarter, compared with an operating loss of almost $1.7bn in the preceding three months. Anthropic’s stock-market debut(首次亮相) could happen in November.
Anthropic发布了备受期待的IPO招股说明书，此次IPO有望成为史上规模最大的IPO之一，甚至可能是最大的。其营收从2025年第二季度的7.87亿美元飙升至今年同期的116亿美元。包括股票薪酬在内的人员支出从3.2亿美元增至近19亿美元。Anthropic报告该季度净亏损663亿美元，主要原因是与重新评估可转换为股票的债务公允价值相关的会计费用。该公司第二季度实际实现营业利润9.74亿美元，而此前三个月营业亏损近17亿美元。Anthropic的股市首秀可能在11月进行。
More funding deals were announced in AI. With tech companies increasingly turn to(转向，求助于) Wall Street and capital markets to fund their investments, Broadcom is setting up a $63bn special-purpose vehicle(特殊目的载体) with Bank of America and other financial firms. The SPV will buy Broadcom’s chips and networking equipment and lease(租赁) them to Anthropic. Meta is raising $37.5bn through stock offerings(股票发行). It also plans to raise up to $60bn through periodic sales(定期出售) of newly issued shares, starting next year.
人工智能领域宣布了更多融资交易。随着科技公司越来越多地转向华尔街和资本市场为其投资融资，博通正与美国银行及其他金融公司设立一个630亿美元的特殊目的载体。该SPV将购买博通的芯片和网络设备，并将其租赁给Anthropic。Meta正通过股票发行筹集375亿美元。它还计划从明年开始，通过定期出售新发行的股票再筹集至多600亿美元。
Alphabet’s share price sank, after it emerged that the rate at which it is burning through cash was much higher than markets had expected.(Alphabet股价下跌，此前有消息称其现金消耗速度远高于市场预期。) Microsoft’s stock fared(表现) better, after it reported lower capital expenditures(资本支出) than Wall Street had forecast, mostly because of delays in building new data centres. Seeking to keep costs under control, Microsoft wants to shed 60,000 employees, a quarter of its global workforce, through a “voluntary exit offer” that will give staff “who may be considering a future outside the company a new choice to make that transition”.(为控制成本，微软希望通过“自愿离职方案”裁减6万名员工，占其全球员工总数的四分之一。该方案将给“那些可能正在考虑离开公司未来的人一个新的选择，以实现这一转变”。)
Alphabet股价下跌，此前有消息称其现金消耗速度远高于市场预期。微软股价表现较好，此前其公布的资本支出低于华尔街预期，主要原因是新数据中心建设延迟。为控制成本，微软希望通过“自愿离职方案”裁减6万名员工，占其全球员工总数的四分之一。该方案将给“那些可能正在考虑离开公司未来的人一个新的选择，以实现这一转变”。
Taking the high-tech road
走高科技之路