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Anthropic plans to go public by mid-November at the earliest, with market discussions estimating a valuation of about 1.5 trillion USD

The artificial intelligence company Anthropic plans to go public as early as mid-November, with market discussions giving it an IPO valuation of about $1.5 trillion, approximately 55% higher than the $965 billion valuation from financing in May this year. Based on this potential valuation, Spark Capital invested $75 million in 2023, with a stake now valued at around $10.9 billion, having a valuation of about $5 billion that year and securing a board seat, making it the only known venture capital firm with a board seat. After an initial investment of $35 million, Sound Ventures added $400 million, co-founded by Guy Oseary and Ashton Kutcher, entering the market in 2023, with a stake valued at several billion dollars. Menlo Ventures has invested over $1 billion in total, with a stake valued at about $21.8 billion, including a $500 million Series D round, entering the market for the first time in May 2023.Iconiq entered the market in 2025, investing over $6 billion in total, with a stake potentially valued at around $26.4 billion, with the valuation reaching $183 billion at the time of its first investment. Sequoia Capital began investing this year, with a total of about $3 billion, holding approximately 1% of the shares, valued at about $15 billion, having previously invested in OpenAI and xAI. The Singapore sovereign wealth fund GIC made its first investment in 2025, accumulating over $4.5 billion, holding about 1% of the shares, valued at around $15 billion. Former Google CEO Eric Schmidt invested tens of millions of dollars in 2021, holding about 1% of the shares, valued at around $15 billion.FTX invested $500 million in 2021, initially holding 13.56% of the shares, which diluted to 7.84% in 2024. After bankruptcy liquidation, it sold all its shares, recovering about $1.3 billion, with actual earnings around $800 million. Based on the undiluted 7.84% and the $1.5 trillion valuation, the theoretical value is about $117.6 billion, approximately $116.3 billion higher than the actual selling price, with calculations not accounting for subsequent financing dilution. In 2024, FTX sold all its Anthropic shares in batches, with the first batch involving about $884 million in transactions with 24 buyers. The Abu Dhabi sovereign wealth fund Mubadala's affiliate ATIC bought about $500 million, Jane Street purchased $100 million, and a Fidelity fund bought $45 million. Lightspeed holds less than 2%, and Google, Amazon, NVIDIA, Microsoft, as well as Founders Fund, Coatue, Altimeter, and others have also invested, but public holding data is not complete enough to accurately calculate returns for each.

first_img Alibaba Cloud helps Jielue Xingchen build a computing power factory, creating 30,000 sandboxes in minutes

The official account of Alibaba Cloud stated that the large model company Step Star has globally released its flagship open-source model Step 5 Preview, positioned as a primary working model for real-world intelligent agent tasks, excelling in AI programming, software engineering, professional knowledge work, and financial scenarios. The model has a total of 600 billion parameters and 27 billion active parameters, utilizing sparse MoE, with a maximum context window of 1 million, capable of processing text, images, and videos. The article mentions that it recently ranked second globally in both weekly and daily call volume on OpenRouter. On the day of the release, Alibaba Cloud announced the completion of DAY0 adaptation, optimized for joint inference based on chips, super node instances, and models, with inference computing power provided by the Lingjun super node.Step Star has developed its own intelligent agent reinforcement learning training platform, with the sandbox platform managed by Alibaba Cloud. The solution is based on Alibaba Cloud's Agent Sandbox and Kubernetes container service, aimed at elastic computing power in training mode, claiming to create tens of thousands of sandboxes in a single minute, with a maximum concurrency of up to one million, compatible with E2B API, and providing native Kubernetes interfaces. Through multi-level image caching, intelligent pre-scheduling, and control link optimization, it achieves millisecond-level application and minute-level creation of 30,000 sandboxes, with the sandbox lifecycle uniformly managed by Alibaba Cloud's backend.In terms of storage, each Pod starts with 15GB of free temporary storage, automatically increasing by 30GB each time when usage exceeds 70%, up to a maximum of 300GB. For security, MicroVM-level isolation is adopted by default, covering computing, networking, storage, and permissions, with zero-trust access to cloud products and large model interfaces. The results provided in the article include: a 90% reduction in image startup time, model evaluation cycles compressed from weekly to daily, and an average savings of about 40% on EBS storage costs; relying on ACK One Fleet, it can support the stable operation of hundreds of thousands of sandboxes simultaneously.

Bithumb administrative lawsuit held for the first time: claims that transfers of less than 1 million Korean won have regulatory gaps

According to South Korean media Digital Asset, the Second Division of the Seoul Administrative Court held its first hearing on October 22 regarding the administrative lawsuit between Bithumb and the Financial Intelligence Unit of Korea (FIU). The FIU determined that between August 28, 2022, and April 3, 2025, Bithumb conducted 45,772 transactions with 18 unreported cryptocurrency operators, and based on this, imposed sanctions, including a partial suspension that restricts new customers from transferring cryptocurrency assets externally for six months.Bithumb stated in court that transactions of 1 million won or more are subject to the "travel rule," and unreported operators have been excluded from the list of optional exchanges, thus the number of violations for this amount range is zero. Transactions below 1 million won were not subject to the travel rule at that time, and the platform had no legal basis to require customers to provide information about the receiving exchange, nor did the regulatory authorities specify a blocking method. Bithumb also mentioned that after integrating the Chainalysis API, only about 2% of the addresses that could not be confirmed were later identified as unreported operators designated by the FIU. If all were blocked, the remaining 98% of normal transactions would be affected, and the platform could also face user claims.Bithumb also believes that the six-month sanction is excessive, effectively equivalent to prohibiting the platform from acquiring new customers. The company also questioned the FIU's criteria for identifying overseas operators and the reasonableness of the basis for the sanctions.
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