Nscale's $30 billion IPO target faces investor skepticism

Bloomberg's Ed Ludlow reports that Nscale is encountering resistance to its $30 billion IPO valuation target, with some investors proposing a lower range of $16 to $19 billion. Meanwhile, Anthropic has announced plans to allocate 5% of its shares to a new public benefit fund aimed at addressing 'the public good.' Additionally, a former OpenAI software engineer, charged with installing a recording device in one of the company's offices, is set to appear in court today. The developments highlight ongoing challenges in the tech sector, including valuation disputes and legal issues. The court appearance is scheduled for today, October 19, 2026, as per the current date.