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Unitree's 460% IPO pop made a $16B robot king. The software moment is still years out.
5 min read

Unitree's 460% IPO pop made a $16B…

China's first listed humanoid maker closed 460% above its IPO price on Shanghai's STAR Market, valuing Unitree near $50B. Founder Wang Xingxing says the real ChatGPT moment for robotics is 2 to 10 years away. Here's what the prospectus and debut actually tell builders.

Anthropic filed for IPO at $965B, OpenAI declared chat dead, and Gary Marcus called it a bubble. Something's gotta give.
9 min read

Anthropic filed for IPO at $965B, OpenAI…

A $965B confidential S-1, OpenAI's 'chat is dead' pivot, and a half-trillion-dollar chip rout, all in one week. One capital cycle, one market that can't decide what to believe.

Anthropic filed confidential IPO paperwork at a $965B valuation. Here's what builders should watch.
4 min read

Anthropic filed confidential IPO paperwork at a…

Anthropic's confidential S-1 keeps the option open for a public listing while enterprise Claude revenue hits a $47B run rate. What confidential filing means, and what changes for teams shipping on Claude.