Liana Baker
Liana Baker is Bloomberg News’ U.S. Deals Managing Editor, covering mergers and acquisitions, including technology transactions. She contributed to Bloomberg’s reporting on Anthropic’s decision not to pursue an acquisition of AI startup Decart.
Anthropic Targets $75 Billion IPO at Up to $2 Trillion
Anthropic is preparing an IPO that Bloomberg reports could match or exceed SpaceX’s record-setting debut, potentially raising more than $75 billion at a valuation above its last private mark of $965 billion. Shirin Ghaffary says the company’s case for going public is access to a repeatable source of capital for multibillion-dollar model-training costs, while Liana Baker says investors will have to judge whether AI demand supports that valuation despite reported losses and high compute spending.
AI Demand Pushes Beyond Nvidia Into Power, Memory, and Compute Markets
Bloomberg Technology framed Nvidia’s earnings as a test of the wider AI infrastructure trade rather than a simple chip-demand story. Caroline Hyde, Ed Ludlow and Bloomberg Intelligence’s Mandeep Singh said investors were looking past headline growth to constraints around China access, margins, memory prices, inference workloads and supply, while a $67 billion NextEra-Dominion deal showed how the data-center boom is already reshaping power markets. The program’s broader argument was that AI demand remains strong, but the bottlenecks have moved across the physical and financial stack.