LIVE NOW - The $200 Billion Shadow Market Behind Anthropic's Stock | Dio Casares Anthropic's secondary market is tens of billions of dollars deep, stacked with SPVs on top of SPVs charging 10% fees plus carry, and almost entirely opaque. @diogenes of @patagon breaks down how it actually works: - which deals Anthropic blesses and which get cease-and-desists, - why fake share certificates show up in 10-20% of executed deals, - what tokenized equities and pre-IPO perps actually represent, - and the mess of lawsuits and stuck shares coming when Anthropic finally IPOs. Enjoy. -------------- TIMESTAMPS 0:00 Intro 0:40 What is Going on in Secondary Markets? 7:03 How Anthropic Secondary Markets Unfold 14:51 Anthropic’s Secondaries Social Elite 19:00 Emerging SPV Structure 21:51 Accidental Frauds? 27:04 After IPO Consequences 35:13 Private Market Lessons 38:21 Patagon Markets 43:54 Tokenized Perps 44:57 Closing Thoughts

Microsoft Abandons Plan to Acquire Cursor Amid Antitrust Concerns; Seeks New AI Opportunities · Microsoft explores acquiring AI startups to reduce dependence on OpenAI · Considered acquiring AI coding platform Cursor · Abandoned acquisition plan due to growing antitrust concerns

Anthropic, OpenAI PreStocks on Solana fell sharply after both firms warned unauthorized equity transfers may be void under corporate restrictions. Anthropic PreStocks dropped 38% to about $879, while OpenAI PreStocks slid 46% to roughly $1,080, per CoinGecko. Full report ⤵️

📉 Anthropic & OpenAI Tokens Crash After Firms Warn SPV Transfers Invalid Tokens tracking private-market valuations of Anthropic and OpenAI plunged this week after both AI companies warned that the special purpose vehicle structures backing the tokens may be invalid, according to Coindesk.

So wow 😳 Anthropic is in discussions for a new funding round of at least $30 billion, potentially valuing the company at over $900 billion, surpassing OpenAI's $852 billion valuation. The talks follow a February Series G round at $380 billion, driven by rapid growth to a $30 billion annualized revenue run rate, backed by Amazon and Google, Anthropic focuses on safety-oriented AI tools like Claude Code for developers and recently launched Mythos for identifying software vulnerabilities. Although no deals are finalized and discussions may not succeed but this might just be a huge win.... Possibly might just it anthropic the edge they need against openAI

Di tengah ketergantungan perusahaan terhadap cloud computing, keamanan siber, hingga sistem AI, stabilitas layanan dan konsistensi operasional makin tentukan daya saing perusahaan. Survei terbaru Newsweek dan Statista tempatkan Microsoft perusahaan paling andal di Amerika Serikat

🚨 ALIBABA PROFIT DROPS AS AI SPENDING RISES. Alibaba reported an 18% drop in annual net profit. The company said weak consumer demand and heavy investment in artificial intelligence cut into its earnings. It posted 105.9 billion yuan in profit for the year ending March 31, down from 129.5 billion yuan the year before. Leaders at the firm said they will keep investing in AI as competition grows in China’s tech sector.