Stocks Slip as Yields Stay High, EliseAI Reaches $4B and Anthropic Details $518B AI Plan: What's Going On Today

Markets

US stocks ended slightly lower on Tuesday, September 29, as government bond yields continued to climb ahead of inflation and labor-market data. Reuters reported that the 30-year Treasury yield reached its highest level since 2007, while investors weighed the pressure of elevated borrowing costs on equities. The Strait Times also reported the weaker close and yield pressure.

Tech

AI startup EliseAI was valued at $4 billion in its latest funding round, Reuters reported on September 29, nearly doubling its prior valuation. The company sells AI tools for property management and healthcare communications.

Separately, Anthropic said it expects to spend at least $518 billion over the next decade on AI infrastructure, according to a September 29 Reuters report on its filing. Reuters also reported that the plan relies heavily on long-term commitments with a small group of technology partners. This story overlaps with earlier coverage of Anthropic's infrastructure plans, so the distinct update is the filing's newly disclosed spending figure and commitment structure.

Sources

Reuters, The Straits Times.