Brought to you by:
Top stories today:
- Anthropic said to raise $5B at $170B in new round led by Iconiq Capital
- Fed expected to hold rates steady for 5th consecutive meeting
- Microsoft nears deal for extended OpenAI tech access
- ChatGPT brings Study Mode amid rising concerns over student AI use
- Figmaās $1.2B IPO said to be 40x oversubscribed
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Anthropic said to raise $5B at $170B valuation in new round led by Iconiq Capital
Anthropicās ARR has 4xād to ~$4B this year.
The valuation puts Anthropic among the top private tech firms, behind OpenAI ($300B) and SpaceX ($400B).
Finding skilled finance professionals shouldnāt be hard. With Finance Hires, you get vetted accountants, controllers, and bookkeepers ready to support your business.
Same time zone, 50% salary savings.
Expertise in QuickBooks, Xero, US GAAP.
Experience from firms like PwC, Deloitte, and JP Morgan.
Skip long hiring cycles. Get top nearshore finance talent to keep your books accurate, compliant, and on time.
*Sponsored.
3. Fed expected to hold rates steady for 5th consecutive meeting
4.25%-4.5% is the target range for Federal Reserve officials.
Sep.-Dec. 2024: 3 consecutive 25 bps rate cuts happened, then a pause ever since.
2:30 PM ET: Fed Chair Powell speaks at the FOMCās press conference after the meeting ends.
Powell is likely to face questions about his reading of the latest inflation data.
Christopher Waller and Michelle Bowman may dissent, marking the 1st dual Fed governor dissent in 3 decades
4. Microsoft nears deal for extended OpenAI tech access amid for-profit pivot
Representational image generated using ChatGPT.
