On the brink of its highly anticipated IPO, Anthropic has introduced new iterations of its advanced Mythos and Fable AI models.
The company also floated a plan to raise $70 billion but quickly withdrew the proposal. According to a regulatory filing, Anthropic plans to issue approximately 867 million shares, with a target price set between $70 and $80 each.
In other tech news, details regarding the camera capabilities of the soon-to-be-released Samsung Galaxy S27 series have become public, indicating a triple-camera setup for the entire series.
In financial markets, Asian stocks are experiencing their most significant two-day rally in over three months, fueled by a rebound in technology shares and decreasing oil prices, which have improved market sentiment.
The MSCI index for regional equities saw a 1.8% increase. This surge followed a robust session for US markets on Monday, marking their best day in roughly seven months, as investors made purchases after a recent tech downturn.
South Korea’s Kospi Index rose by 4%, emerging as the strongest performer in Asia on Tuesday, with notable gains also in Japan and Taiwan.
Futures for the S&P 500 Index were up by 0.1%, while those for the Nasdaq 100 slipped by 0.2%. Meanwhile, the price of Brent crude dropped below $92 per barrel after plummeting nearly 6% on Monday, reaching its lowest point since August.
President Donald Trump remarked that additional military actions against Iran were unnecessary, suggesting a de-escalation of the conflict after election results in the US highlighted growing public disapproval.
The Nasdaq 100 rose by 3.4% on Monday, and US semiconductor stocks surged nearly 7%, despite Nvidia Corp. experiencing a 4.3% decline as the CEO faced scrutiny due to revelations about a personal affair involving a woman believed to be linked to espionage.
The recent recovery in global tech stocks comes after a week marked by significant selling, where chipmakers were heavily impacted due to concerns that a Democratic Congress might impose stricter regulations on the AI industry.
However, the sustainability of this upward trend is uncertain, given ongoing regulatory concerns compounded by issues such as inflated valuations, increasing capital expenditures, and ambiguity surrounding the returns from extensive investments in AI.
“The sharp drop in oil prices has given markets some much-needed breathing room. It’s eased some of the inflation pressure,” stated Dilin Wu, a strategist at Pepperstone Group.
“We still need to see whether buying interest can hold up. The selling may have eased, but the questions around AI spending and returns haven’t gone away.”
In a related AI update, Anthropic PBC might begin officially promoting its highly anticipated IPO as soon as Tuesday, aiming to persuade investors that the timing is right for going public.
The developer of the Claude chatbot had previously circulated a filing indicating it was seeking to raise up to $69.3 billion through the IPO, as reported by Reuters.
5 important things happening in tech today
Anthropic launches new models ahead of IPO, retracts $70-billion plan: Anthropic unveiled new versions of its powerful Mythos and Fable artificial intelligence models on the eve of its long-awaited Wall Street debut. It also briefly circulated and then retracted its plans to raise $70 billion.
Samsung Galaxy S27 camera specs leak: Leaks revealed that the upcoming Samsung Galaxy S27 series will feature three lenses across the lineup. The Ultra and Pro will feature 200 megapixel main cameras, and a 50MP ultrawide camera. The Ultra have a 50MP telephoto camera with 5x zoom.
Elon Musk said Tesla will have to return a lot of Cybertruck deposits: Tesla will refund Cybertruck deposits for some customers because it has more orders than it can process before ending production, CEO Elon Musk said.
iPhone Duo hinge issues due to bad parts not design: Chinese leaker Kang found that the iPhone Duo’s hinge issues were due to the materials used for a specific component in the hinge. This is a component sourced from two suppliers.
OpenSSH security flaw exploited to breach Linux systems: Cybersecurity firms reported that attackers were actively exploiting the “SSHole” vulnerability (CVE-2026-123158) in OpenSSH to execute commands, steal credentials, and establish persistent access.
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