Anthropic files for potentially the biggest IPO ever as CEO warns of risk to humanity from AI

SAN FRANCISCO (AP) — Artificial intelligence giant Anthropic has filed paperwork for what could be the biggest initial public offering of stock ever even as its top executive warns that advanced AI could pose an existential threat to humanity. Monday's filing sets up the San Francisco company for a Wall Street debut next month, potentially eclipsing the SpaceX initial public offering in June that raised a record $86 billion. An Anthropic IPO would also put the company ahead of OpenAI in going public in what is expected to be a pair of blockbuster stock debuts for the rival AI labs.

AI companies are barreling toward huge Wall Street debuts. A look at the biggest players

Some of the leading artificial intelligence companies are moving toward initial public offerings at eye-popping valuations. Anthropic and OpenAI are looking to go public to access more capital in the race to shape the technology’s future. But amid the billions — even trillions — at stake, worries about an AI bubble are looming in the background. Some experts fear tech companies and venture capitalists are pouring too much money into a still-nascent technology.

Anthropic expands AI support for nonprofits as it files to sell shares to the public

Anthropic expands its support for nonprofits as it files to sell shares publicly for the first time. The AI company introduced a new Claude for Nonprofits plugin on Monday, developed with 30 nonprofits, to better meet their specific needs. It is also broadening its Claude Corps program, which embeds fellows with nonprofits and will soon offer consultants for smaller projects. Earlier this month, Anthropic announced plans to commit 5% of its shares to a new Public Benefit Fund for large-scale donations. Critics argue AI companies use such pledges to generate goodwill amid concerns about AI's impact. However, Anthropic says its mission is to balance commercial interests with public good.

Trump failed to stop inflation. Now Republicans may pay the price in the midterm elections

WASHINGTON (AP) — One week before midterm elections, President Donald Trump is struggling to deliver on his promise to bring down costs. Trump wants voters to overlook inflation, but it's hard to ignore. Filling a basic Ford F-150 with gas now costs about $100, up $30 from a year ago. Mortgage rates have jumped, crushing home sales. Consumer prices have risen faster than paychecks, making families poorer. Voters blame Trump, pointing to the Republican president's tariff policies and the war he started with Iran. Democrats are using this discontent to challenge Republicans in key races, highlighting economic frustrations and rising prices. Republicans have tried to cast Democrats as extreme.

Wall Street rises as AI stocks keep swinging

NEW YORK (AP) — U.S. stocks climbed amid a shaky day for markets worldwide, as AI stocks kept swinging and Brazilian stocks tumbled. The S&P 500 rose 0.7% Monday. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite climbed 0.8%. AI-related stocks remained unsettled following weeks of sharp swings. Later this week will come earnings reports from roughly one out of every three stocks within the S&P 500. The Federal Reserve and other big central banks will also announce their latest decisions on interest rates. Brazilian stocks tumbled following a surprise reelection for Brazil's president.

In his own words: Trump on gas prices and energy costs since launching the war with Iran

Since launching the war with Iran nearly eight months ago, U.S. President Donald Trump has struggled to quell soaring energy costs, undermining Republicans’ attempt to keep control of Congress in the midterm elections next week. Low gas prices were a key promise to Trump’s second presidential run, and for much of his first year back in office. But the energy crisis spawning from the war he started has led to an assortment of responses: from denial and then frustration over soaring costs, to promises that things will get better. Trump has repeatedly claimed that more expensive fuel is small price to pay for the war, which he describes as necessary to prevent Iran from obtaining a nuclear weapon.

The Anthropic IPO by the numbers, from a possible valuation in the trillions to surging revenue

Anthropic has the chance to make history with what could be the biggest initial public offering of stock ever. The artificial intelligence lab filed papers Monday setting up a Wall Street debut in November, likely ahead of its chief rival OpenAI and just months after SpaceX's record initial public offering. The Anthropic offering could bring in as much as $100 billion. In a 335-page prospectus, the company behind the Claude chatbot and models outlined rapid revenue growth, but an inability to turn a profit yet. Anthropic could be valued at as much as $2 trillion, although its final valuation and offering price have not been established.

Microsoft offers a quarter of its global workforce voluntary buyouts as AI spending accelerates

Microsoft has offered 60,000 employees, or about 27% of its global workforce, voluntary buyouts as the software giant spends heavily on artificial intelligence. Chief People Officer Amy Coleman said in a blog post Monday that the company’s voluntary exit offer was available to eligible employees in Canada, India, the United Kingdom and the United States. The company, which releases its quarterly financial performance Wednesday, had approximately 223,000 full-time employees at the end of June. Shares of Microsoft Corp., based in Redmond, Washington, hit an all-time high this month.

'Crash ur row only': United flight turned around after passenger allegedly said he'd 'hijack' plane

LAS VEGAS (AP) — An airplane passenger was arrested for allegedly writing that he was going to “hijack” the plane, forcing the United flight to be diverted back to Las Vegas shortly after takeoff. Police said they arrested the 25-year-old man on charges of making a threat or providing false information regarding an act of terrorism. The man allegedly communicated that he was “gonna hijack” the plane and “crash ur row only,” according to a copy of the criminal complaint. The man is scheduled for an initial court appearance Tuesday. An attorney listed for him did not immediately return a request for comment. The Federal Aviation Administration confirmed it will investigate the incident.

Home sellers are lowering their price and helping buyers to make a deal in a stagnant market

LOS ANGELES (AP) — A stagnant housing market hampered by surging mortgage rates, years of soaring home prices and an economy undercut by rising inflation has many sellers stuck in limbo as homes go months without an offer. Many have put their life on hold, unable to relocate for a new job, buy their next home or follow through with other major plans. Sellers are lowering their asking price and offering other incentives to entice buyers. But data showing there are many more sellers than buyers in the market suggests many aspiring homebuyers may not be able to afford to buy with mortgage rates climbing — or that sellers may need to cut prices further to win over buyers.