KKReckonsSubscribe

The day in 9 cards

Doom lists, Meta sells, debt piles, swaps stall. Staff walk, bots get cops. Who pays?. Tap a card to see it full size, or a headline for the whole story.

  1. Explainer on Anthropic's IPO filing: more than $800bn in computing commitments, founders keeping 50.1% of the vote and a trust naming most of the board.01Anthropic opens its books
  2. Explainer on Indian IT firms selling AI agent governance: four majors, TCS and Tech Mahindra building control software, HCLTech buying Robotiq.ai and Cognizant launching AI Nexus.02Who polices the bots?
  3. Explainer on banks' dollar swap trade: $132bn of FCNR deposits swapped with the RBI, a forward premium above 4.5% plus T-bill yields near 4.4%, shelved after RBI feelers.03RBI frowns, banks fold
  4. Explainer on Meta's equity raise: about $35bn of underwritten offerings, a planned $60bn at-the-market programme and up to $5bn of interest from Nvidia, AMD and Broadcom.04Meta passes the hat
  5. Explainer on Project North Star: $63bn of debt through a shell company buying TPU chips leased to Anthropic, guaranteed by Broadcom.05Hock Tan saves the deal
  6. Explainer on Anthropic's prospectus: a $40tn market claim and $16.3bn of first-half revenue, set against warnings about models resisting shutdown and uninsurable catastrophe.06Save the world, or end it?
  7. Explainer on Microsoft's buyouts: up to 60,000 staff at VP level and below can apply, as AI infrastructure spending reaches up to $175bn this year.07Microsoft opens the exit door
  8. Explainer on the private-equity debt wall: $300bn of risky loans due in 2028 and 2029, about a third owed by software firms.08Buyout debt hits a wall
  9. Explainer on securities-based lending: about $5.4tn of credit lines, Deloitte estimates, popular because borrowers avoid tax and lenders rarely lose.09Buy, borrow, die goes retail

Read the full 27 Oct edition →Catch up on past editions

Today’s edition is ready

Read deep. Think clearly. Stay curious.

A daily visual briefing on the stories that matter: India, the world, and what’s next.

Read Today’s Edition →Get it by email ↗

Free · 50 editions and 359 stories so far · Unsubscribe anytime

Emails are sent by beehiiv; your address is used only for this newsletter. Privacy · Editorial standards