Startup News

Anthropic CFO Krishna Rao holds a stake worth about $703 million (around ₹6,500 crore) in the company, according to Moneycontrol's calculations based on its IPO filing. Rao joined the AI startup over two years ago. Anthropic is reportedly seeking to raise around $90 billion at a $1.4-trillion valuation through an IPO expected to launch next week.

Claude maker Anthropic has set a price range of $70-78/share for what could be one of the world's largest IPOs, which it may launch as soon as next week. Anthropic is targeting a fully diluted valuation of up to $1.4 trillion and a fundraising haul of as much as $64.4 billion. The startup has also launched its IPO roadshow.

Anthropic has signed a $3.4 billion deal with San Antonio-based OnePWR Solutions for 1.7 gigawatts of gas-fired generators to power its data centres — the largest single power equipment purchase by an AI company. Finalized in late September, the deal supports Anthropic's Claude AI models as it prepares for its IPO and plans $500 billion in infrastructure investment over a decade.

Sarvam AI has appointed Sashikumar Sreedharan, former Managing Director of Google Cloud India, as its President and Chief Business Officer. He will also join Sarvam's board. Sreedharan brings 30+ years of tech experience, including 5+ years at Microsoft India, and will lead enterprise, government, marketing, finance, and commercial operations.

Australian quantum startup Diraq has deployed an eight-qubit quantum computer at a Sydney data center — the world's first commercial field test of such technology. The system aims to reduce energy consumption in AI-driven data centers. Founder Andrew Dzurak says quantum computing could ease electrical grid strain within five years. Diraq plans to scale to 150,000 qubits by 2029.

US-based SplashBI inaugurated its Global Capability Centre at VSD Tech Park in Hyderabad's Financial District, announcing over $100 million investment over 5–7 years. The 20,000 sq ft facility seats 275 professionals and includes a $4 million AI data centre. It will focus on platform engineering, AI, data science and global customer delivery.

Anthropic briefly sent banks and then retracted details of its proposed IPO, including plans to raise nearly $70 billion, Reuters reported. A copy of a filing showed the AI startup planned to sell around 867 million shares at $70-80 apiece. However, it later emailed recipients saying the pricing details were inaccurate and that it would update the filing later.

Bengaluru-based AI startup Sarvam has appointed former MD of Google Cloud India Sashikumar Sreedharan as its President and Chief Business Officer. Sreedharan will join Sarvam's board of directors as well and oversee key functions like marketing, finance, forward-deployed engineering, and commercial operations. Sreedharan also headed Microsoft India's enterprise business as MD for over five years.

Anthropic has unveiled Claude Fable 5.2 and Claude Mythos 5.2, updated versions of its most powerful AI models. During prerelease testing, the models designed three working electronic devices, solved two open problems in the physics of black holes and formalised a proof of Fermat's Last Theorem in 30 hours, Anthropic said. The release comes ahead of the company's planned IPO.

Deepinder Goyal has clarified that Temple, a wearable device launched by his startup, is primarily designed for the global market and is not aimed at Indian consumers. "Please check pricing. We don't expect any more than 1% of Temples being sold in India," Goyal said. His remarks came amid criticism from Indian doctors over the device's accuracy, safety and uses.