MAM
CNBC India to organise Auto Evolution 2002
MUMBAI: CNBC India, in partnership with TVS, Nippon and Shriram Piston will organise a high – powered forum for the automobile industry. The CNBC Auto Evolution 2002 will be held on 26 November at The Taj Mansingh Hotel, New Delhi.
The forum will address all automobile manufacturers from passenger cars to two-wheelers to heavy vehicles and all allied businesses from ancillaries to auto finance to distribution channels. The session will focus on Growth: India & Beyond with a special emphasis on cost competitiveness.
CNBC India believes that the automobile industry is currently witnessing fundamental changes in the competitive landscape. Both the auto companies and ancillary majors are tapping and accessing new markets around the world.
The CNBC India Auto Evolution will seek to find answers to challenges in the form of searching questions such as – whether the industry will continue to dismantle old structures and remodel itself as it gears up to make the big leap? What would be the major growth drivers in the future? How will the roles of the allied industries evolve? Will they pull in different and new directions? How will Indian auto majors become more cost competitive and defend their position in the domestic market? And finally, what will drive market growth?
CNBC India Auto Evolution will be in the form of a panel discussion led forum, which will encourage interactions among participants. The forum will be led by a panel including President, Hyundai Motor India BVR Subbu, CEO, Eicher Motors S Sandilya, Executive VP-TVS Motor PC Mathew, MD Reva Electric Car Company Chetan Maini.
Digital
Anthropic eyes $900bn valuation in new funding round ahead of IPO: Reports
Claude maker may surpass OpenAI as investor interest heats up sharply
SAN FRANCISCO: Anthropic is exploring a fresh funding round that could value the company at more than $900 billion, potentially making it the world’s most valuable artificial intelligence startup, according to Bloomberg reports.
Citing sources familiar with the matter, Bloomberg News reported that the Claude maker is in early-stage discussions with investors and is entertaining offers at more than double its current valuation. No deal has been finalised yet.
The interest marks a sharp jump from February this year, when Anthropic raised $30 billion at a valuation of $380 billion. Since then, investor appetite appears to have intensified, with multiple pre-emptive offers on the table.
According to TechCrunch, the company has received proposals to raise around $50 billion at valuations ranging between $850 billion and $900 billion. A decision is expected to be taken at a board meeting in May.
If the deal goes through at the upper end of that range, Anthropic would overtake OpenAI, which was valued at $852 billion in March, to become the most valuable AI startup globally.
The potential fundraise also comes against the backdrop of a possible initial public offering, which could be launched as early as October, the Bloomberg report noted.
The company counts tech heavyweights such as Amazon and Google, part of Alphabet, among its key backers. Both firms have continued to deepen their ties with Anthropic through multi-billion-dollar, performance-linked investments.
Interestingly, earlier reports had suggested that Anthropic was cautious about raising funds at valuations of $800 billion or more. The latest developments, however, indicate that market enthusiasm for advanced AI models and infrastructure may be shifting those thresholds quickly.
As the race for AI dominance accelerates, Anthropic’s next move could set a new benchmark for startup valuations, and signal just how high investors are willing to bet on the future of artificial intelligence.
