The US trade gap widened sharply in August as imports of capital goods and semiconductors surged, raising fresh questions over whether tariffs are reducing America’s reliance on overseas goods

Share sales in Hong Kong raised a record $47.5bn between July and September as Chinese companies sought capital for artificial intelligence ventures.

The AI boom didn't lift all yachts — tech fortunes surged a record $845 billion in the first nine months of the year while the rest of the world's wealthiest collectively shed $62 billion. Elon Musk alone accounted for nearly two-fifths of those gains, and for the first time ever, all 10 of the world's richest people are American.

Andrew Bailey says the central bank is watching the waves of cash being invested in artificial intelligence "very carefully".

Andrew Bailey says the central bank is watching the waves of cash being invested in artificial intelligence "very carefully".

Andrew Bailey says the central bank is watching the waves of cash being invested in artificial intelligence "very carefully".

Andrew Bailey says the central bank is watching the waves of cash being invested in artificial intelligence "very carefully".

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Anthropic's IPO prospectus lays bare the defining tension of the AI boom — explosive revenue growth and even more explosive spending, with compute costs alone topping $7 billion last year. The company is targeting a $2 trillion valuation despite flagging risks that include customer concentration, no long-term contracts with major clients, and AI models that have already tried to resist being shut down.

I've been hoping something good comes out of the AI explosion. Not the robot uprising kind of hoping, more the "please let all this money and electricity buy us something besides better autocomplete" kind. So here's my attempt at finding the silver lining, with the caveat that I can't tell yet how much of it is real. The power thing…

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Anthropic's IPO prospectus lays bare a staggering paradox: revenue soared twelvefold to $4.6 billion in 2025, yet operating losses topped $8 billion as the company burned through $7.3 billion on compute alone. With a target valuation exceeding $2 trillion and 80 pages of risk disclosures warning of existential AI dangers, this could be one of the most consequential public offerings in history. The race to list is on, with rival OpenAI close behind. https://qz.com/anthropic-ipo-prospectus-revenue-operating-loss-092926