Anthropic Pushes Toward an IPO While CoreWeave's Debt Spooks Wall Street

Is CoreWeave’s Tapestry of Debt Unraveling?

CoreWeave's credit swaps were priced at a nerve-rattling 60% chance of default on Thursday, according to ICE Data Services.

Anthropic’s IPO Momentum as CoreWeave Rattles AI Trade

Bloomberg’s Ed Ludlow breaks down Anthropic's third-quarter revenue numbers as the company gets ready for its IPO. Plus: CoreWeave’s talk of tapping “unlimited” pools of money rattles markets and puts the financing behind the data center buildout back under the microscope; and Nvidia CEO Jensen Huang says safety and containment should be integrated into AI systems even as AI advances. (Source: Bloomberg)

Anthropic pushes toward an IPO while CoreWeave's debt spooks Wall Street

CoreWeave's five-year default swaps topped 1,000 basis points this month while its 2031 bonds yielded 15.78%, even as the AI cloud firm holds roughly $100 billion in contracts with customers including Anthropic itself.