Anthropic has launched the roadshow for its blockbuster IPO, seeking a valuation of up to $1.4 trillion. The Claude maker aims to raise as much as $64.4 billion through the share sale, in what could become one of the largest public offerings in history. The proposed valuation comes amid growing investor scrutiny of the enormous costs of building AI infrastructure.

The controversy surrounding Nvidia CEO Jensen Huang has raised questions about succession planning at the AI chip giant. Valued at around $4 trillion, Nvidia faces a difficult question: Who could eventually succeed the executive who built it into an AI powerhouse?

OpenAI has unveiled Control Room, which is a rapid-response kill switch designed to pull the plug on rogue AI workloads and safety threats in under 35 seconds. Control Room will be a central system to track model workloads across the research infrastructure of OpenAI.

Closer home, the board of IIFL Finance has greenlit a massive Rs 6,414 crore ($686 million) primary capital raise, headlined by private equity heavyweight Blackstone. In what marks one of the largest PE infusions into a listed Indian NBFC, Blackstone is committing Rs 5,000 crore ($535 million) via compulsorily convertible preference shares. The instruments will convert at Rs 602 per share within 18 months, handing the firm a roughly 16% stake on a fully diluted basis.

Here’s your trivia for today: Which arcade gaming pioneer founded by Nolan Bushnell took its name from a Japanese board game term equivalent to "check" in chess?

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