[South Korean AI Startup Wrtn Completes Funding at $870 Million Valuation]

According to the Wall Street Journal, Anthropic is expected to tell investors in its IPO filing that its potential revenue opportunity exceeds $30 trillion, surpassing SpaceX's previous estimate of $28.5 trillion. Anthropic is showcasing the growth space brought by AI through its "Total Addressable Market" (TAM), assessing the total volume of work that AI models could complete in the future. SpaceX previously described its TAM as "the largest actionable market in human history," with $26.5 trillion coming from AI opportunities. Anthropic's Q2 revenue has already exceeded $11.6 billion, doubling from the previous period. The company's IPO could raise up to $100 billion, with a target valuation of about $2 trillion, higher than SpaceX's $1.77 trillion at the time of its listing. The relevant plans are still under discussion, and the listing is expected as soon as September or October.

According to South Korea's *Chosun Ilbo*, the export price of South Korean DRAM continues to surge, as AI-driven HBM production is squeezing supply of general memory. Data show that from the 1st to the 20th of this month, the export unit price of South Korean DRAM reached $92,183 per kg, up 401% YoY and rising about 12.5 times from the low point in January 2023. Goldman Sachs expects the DRAM supply deficit to widen from 5.0% this year to 5.9% next year, and believes that "HBM required for AI servers and high-capacity server DRAM are absorbing limited production capacity, further tightening supply of general DRAM." TrendForce estimates that by the end of next year, the wafer input for HBM production at Samsung, SK Hynix, and Micron will account for 30% of total DRAM wafer input, but HBM will only represent about 13% of actual DRAM bit supply. Memory producers warn that the tight supply of DRAM and NAND driven by AI demand may persist beyond 2027. SK Hynix stated that from the supply side, 2027 could become "the most severe shortage year in memory industry history." Goldman Sachs expects the supply deficit to continue until 2028.

[SMM Tin Morning News: The most-traded SHFE tin contract stagnated at 423,000-426,000, awaiting PCE data tonight to break the deadlock]