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World

Big tech CEOs say college not essential, offer in-house training as alternative

Some big tech chief executives are urging young people to consider paths other than college, Axios reported on Aug. 15. The CEOs challenge the idea that a four-year degree is essential and offer their own alternative programmes. Tesla CEO Elon Musk has said college is not for learning. Palantir runs a four-month fellowship that can lead to full-time jobs, while investor Peter Thiel funds youth projects through the Thiel Fellowship.

AI & Enterprise

Anthropic, OpenAI face different challenges ahead of trillion-dollar IPOs

As a race for trillion-dollar IPOs in the AI industry gathers pace, Anthropic and OpenAI are preparing to list while facing different challenges. Anthropic must persuade investors to accept its valuation based on revenue it has yet to earn in 2028. OpenAI, by contrast, is grappling with leadership uncertainty after a series of executive departures. Both companies are targeting valuations close to $1 trillion.

AI & Enterprise

Anthropic targets $2 trillion valuation in October IPO, challenging SpaceX record

Investors are increasingly expecting Anthropic to be valued at more than $2 trillion in an initial public offering in October, which could make it the largest IPO on record and surpass SpaceX. Anthropic has not set an official valuation target, but investors cite rapid revenue growth and rising demand for advanced AI models. Some investors see a $3 trillion valuation as possible. Anthropic faces risks including tougher competition with China and U.S. export controls.