Mubadala Capital dealmaker to launch his own venture fund

Ibrahim Ajami, a senior executive at the private capital arm Abu Dhabi’s sovereign wealth fund, is set to leave next year

Healey avoids bond market wobble with ‘uneventful’ first Budget

Gilts hold on to pre-Budget gains following modest package of tax and spending changes

JetBlue tries to sweet-talk an unforgiving bond market

Despite bond market sweet talk not usually being a very productive strategy, it’s hard to fault chief Joanna Geraghty for trying

We read Liz Truss’s book so you don’t have to

Alternative histories aren’t always written by the victors

Iranians face energy squeeze from war as natural gas runs short

Tehran tells citizens to curb consumption and urges civil servants to work from home to avert crisis

The AI bubble already popped — in China

Plus, two cheers for CGBs

The stateless quant titan

Peter de Putron is one of the most influential and enigmatic figures in the world of trading

How much is Anthropic really worth?

Washington discusses Russian deals for US oil majors in Ukraine peace talks

White House proposes renewed postwar business ties in an effort to bring President Vladimir Putin to the negotiating table

The limits of hedging the AI boom

As tech investment soars, finding protection is becoming more urgent — and harder

Iran threatens South Korean shipping group over Hormuz transits

Sinokor accused of repeated ‘crossing violations’ by regime that has only enforced its rules through military action

Anthropic’s constitutional order

Plus, Lula’s victory

Anthropic’s big financial reveal

Here are the big takeaways from the start-up’s IPO prospectus

Tech stocks rally as AI trade revives

Asia follows Wall Street higher in wake of Anthropic’s long-awaited IPO filing

Kone tries to limit asset sales as it seeks Brussels’ approval for €29bn megadeal

Liftmaker seeks to retain TK Elevator’s Spain and Portugal business in test to Brussels’ appetite for regional champions

DWS to honour just 10% of redemption requests at flagship property fund

Cap imposed by Deutsche Bank’s asset manager aims to preserve liquidity and avoid gating fund altogether

‘Bold but sane’: what we learnt from Anthropic’s 240,000-word IPO filing

Prospectus details AI lab’s ‘mission’, $800bn data centre commitments and extraordinary governance structure

Why you shouldn’t bother reading the Anthropic IPO filing

Valuing AI lab based on its historic reported numbers is a fool’s errand

Apollo takes minority stake in Abu Dhabi’s Mubadala Capital

Investment comes 18 months after Mark Walter’s holding company TWG announced deal for equity stake, which was never completed

Anthropic begins countdown to IPO with prospectus filing

240,000-word prospectus lays out explosive growth alongside steep losses and daunting risk factors