Evening Scan

Anthropic's S-1 landed today. Asian markets, the AI trade, and the legal department all took notice. Microsoft offered to pay a big chunk of its workforce to leave. One billionaire is moving to Texas ahead of next Tuesday's vote on Prop 40.

Anthropic's IPO filing lifts stocks across Asia—except for China

Regional markets rallied on the filing, reviving appetite for battered AI-linked names, while China sat it out. (Fortune)

Microsoft offers to buy out a quarter of its workforce

Voluntary buyouts for eligible employees in select parts of the company is how Microsoft is resetting headcount. (Ars Technica)

Billionaire Uber cofounder Travis Kalanick moved to Texas—dodging a possible $180 million hit from California's billionaire tax

Prop 40's one-time 5% billionaire tax goes to a vote next Tuesday. (Fortune)

Elvis rightsholders sue Anthropic for stealing songs and leaving them in Heartbreak Hotel

A copyright suit timed to the S-1 week marks Anthropic's entry into public-company litigation risk. (The Register)

“A good buy or 'the most ridiculous IPO of 2026'” — Fortune, on Anthropic's debut