Apple responds to iPhone foldable-screen issue: users can apply for a replacement; reports indicate Tencent’s “Green Bubble” short-form series has surpassed 100 million monthly active users; Anthropic may go public next month | Geek Morning Brief
Anthropic publicly filed its Nasdaq IPO application, targeting a listing during the week of November 16. Anthropic has officially embarked on its path to going public. The company, founded just five years ago and at the heart of the generative AI boom, could set a historic record with this IPO. In documents submitted to the U.S. Securities and Exchange Commission (SEC), Anthropic disclosed plans to list on the Nasdaq under the ticker symbol “ANT,” aiming for an IPO during the week of November 16. The company will issue Class T special shares held by Class T directors. In its prospectus, Anthropic reported first-half revenue of $16.29 billion, compared to $1.16 billion in the same period last year; a net loss of $80.75 billion versus $12.97 billion a year earlier; and an operating loss of $693 million, down from $2.14 billion in the prior-year period. As of September 30, no single customer accounted for more than 10% of the company’s revenue over the nine-month period, with 79% of revenue coming from customers outside the top five. On the partnership front, under an agreement with SpaceX AI, Anthropic has committed to cumulative spending of up to $120.5 billion through 2029. The company also revealed that capital expenditures are expected to rise significantly, potentially requiring additional financing sooner than currently anticipated; it will not pay any dividends in the foreseeable future and has not yet entered into any agreements for major acquisitions; furthermore, it may issue convertible notes totaling up to $42 billion. As of September 30, no single customer accounted for more than 10% of the company’s revenue over the nine-month period, with 79% of revenue coming from customers outside the top five. Regarding partnerships, under an agreement with SpaceX AI, Anthropic has agreed to incur cumulative expenditures of up to $120.5 billion through 2029. (Source: Sina Tech) Apple responds to iPhone Duo internal screen cracking issue: only a small number of devices affected, eligible for replacement. Shortly after the iPhone Duo’s launch, some users reported hinge malfunctions causing cracks in the internal display. Apple has now addressed these reports in a statement to MacRumors, stating that only a very limited number of devices are impacted. Apple did not specify the cause of the cracks nor disclose whether it plans to release a repair solution.