Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO

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• Sources: Fujifilm plans to increase magnetic tape production capacity fivefold to meet AI-driven storage demand, its biggest production expansion in ~20 years (Nikkei Asia)

  The company aims to boost production capacity by 500% to address the increasing need for storage solutions that can handle the demands of artificial intelligence. This move follows a period of rapid growth in the AI market and reflects Fujifilm's commitment to adapting to changing technological trends.

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• Anthropic's S-1 implies a $40T+ annual TAM based the economic value of knowledge work in 2025, topping SpaceX's $28.5T estimate, without explicitly naming it (Wall Street Journal)

  In a recent filing, Anthropic, a leading AI research firm, has proposed a market opportunity (TAM) of $40 trillion annually based on the economic value of knowledge work in 2025, surpassing SpaceX's previous $28.5 trillion estimate. This ambitious projection suggests a significant market for artificial intelligence and knowledge work, indicating a substantial demand for AI-driven solutions in the future.

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• The US FCC approves Amazon Leo's $11.5B acquisition of Globalstar, giving Amazon access to Globalstar's 24 satellites and mobile satellite spectrum (David Shepardson/Reuters)

  The US Federal Communications Commission has approved Amazon's $11.5 billion acquisition of Globalstar, allowing the tech giant access to 24 satellites and mobile satellite spectrum. This move positions Amazon as a major player in the satellite communications market, potentially expanding its reach and capabilities. The approval clears the way for the acquisition, which was previously blocked by the European Commission due to concerns over competition.

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