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The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026

The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026

OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOs You’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “ hectocorn ”, with several US and European companies potentially floating on stock markets at valuations over $100bn (£75bn). OpenAI, Anthropic, SpaceX and Stripe are among the big names said to be considering an initial public offering (IPO) this year. Continue reading...

theguardian.com
Jan 22
Technology sectorStock marketsBusiness
‘We could hit a wall’: why trillions of dollars of risk is no guarantee of AI reward

‘We could hit a wall’: why trillions of dollars of risk is no guarantee of AI reward

Progress of artificial general intelligence could stall, which may lead to a financial crash, says Yoshua Bengio, one of the ‘godfathers’ of modern AI Will the race to artificial general intelligence (AGI) lead us to a land of financial plenty – or will it end in a 2008-style bust? Trillions of dollars rest on the answer. The figures are staggering: an estimated $2.9tn (£2.2tn) being spent on datacentres , the central nervous systems of AI tools; the more than $4tn stock market capitalisation of Nvidia, the company that makes the chips powering cutting-edge AI systems; and the $100m signing-on bonuses offered by Mark Zuckerberg’s Meta to top engineers at OpenAI, the company behind ChatGPT. Continue reading...

theguardian.com
Jan 17
AI (artificial intelligence)ComputingTechnology