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Firmus cancels IPO plans due to market volatility
On October 9, 2026, Nvidia-backed data center company Firmus withdrew its listing plan, which had originally been expected to value the company at over $30 billion, citing recent market volatility and current market conditions. According to BBC Technology, institutions such as Australian pension fund UniSuper abandoned participation in the IPO due to valuation concerns, and Firmus said it will turn to private market financing. The company operates liquid-cooled data centers in Australia, Singapore, and other locations, with clients including OpenAI and Meta. There are currently no subsequent developments.
n expected to value the company at over $30 billion, citing recent market volatility and current market conditions. According to BBC Technology, institutions such as Australian pension fund UniSuper abandoned participation in the IPO due to valuation concerns, and Firmus said it will turn to private market financing. The company operates liquid-cooled data centers in Australia, Singapore, and other locations, with clients including OpenAI and Meta. There are currently no subsequent developments.
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Instinct completes a $1 billion Series C funding round at a $10 billion valuation
AI assistant startup Instinct has completed a $1 billion Series C funding round, with investors including Sequoia Capital, Benchmark Capital and Coatue, valuing the company at $10 billion. TechCrunch AI reported on September 28, 2026 that this comes just one month after its previous funding round at a $2.5 billion valuation, and that the company's invite-only service only launched in August 2026. The report said that Instinct completes tasks for users through its own phone numbers and computers, and recently launched a concierge feature that can make calls on users' behalf, as well as a trusted person network that lets different users' agents coordinate plans with each other; it has not yet launched a mobile app, nor disclosed user data, and faces competition from Meta's AI assistant Muse. Huxiu reported on October 3 that founder Noah Shinn is 23 years old, dropped out of undergraduate studies, published the Agent paper Reflexion as first author at NeurIPS, and later joined Sierra as a research scientist; the report also said the company has only 14 full-time employees, users spend an average of more than $1,300 per month through Instinct, but its excessive requests for permissions have sparked privacy controversy.
rusted person network that lets different users' agents coordinate plans with each other; it has not yet launched a mobile app, nor disclosed user data, and faces competition from Meta's AI assistant Muse. Huxiu reported on October 3 that founder Noah Shinn is 23 years old, dropped out of undergraduate studies, published the Agent paper Reflexion as first author at NeurIPS, and later joined Sierra as a research scientist; the report also said the company has only 14 full-time employees, users sp
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Maine data center controversy roils Senate race
The Maine Senate race is unfolding around data center expansion, with polling showing 76% of respondents opposed to building data centers locally and 58% strongly opposed. The statewide data center moratorium passed in April was vetoed by the governor, and multiple towns subsequently enacted their own temporary bans or put the expansion question to a vote in November. Senator Susan Collins supports data centers and has received AI- and data center-related donations, while her family also holds related investments; the outcome of this race will affect federal-level data center and AI policy.
The Maine Senate race is unfolding around data center expansion, with polling showing 76% of respondents opposed to building data centers locally and 58% strongly opposed. The statewide data center moratorium passed in April was vetoed by the governor, and multiple towns subsequently enacted their own temporary bans or put the expansion question to a vote in November. Senator Susan Collins supports data centers and has received AI- and data center-related donations, while her family also holds r
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Gemini 4 Carbon's Top Ranking Fails to Mask Disappointing Earnings: The Bill for Google's AI Gamble
Alphabet's third-quarter revenue rose 25% year-over-year to $127.58 billion, while net profit fell 25% year-over-year to $26.17 billion, free cash flow was negative more than $9 billion, and the stock fell nearly 10% in after-hours trading. Capital expenditures of $51.4 billion were mostly directed toward AI infrastructure, and CFO Anat Ashkenazi maintained the full-year 2026 capital expenditure range of $195 billion to $205 billion unchanged. Hours before the earnings release, Google launched Gemini 4 Carbon, which topped the Artificial Analysis Intelligence Index with a score of 59, but it has not yet opened a public API and is initially available only to some cybersecurity professionals.
Alphabet's third-quarter revenue rose 25% year-over-year to $127.58 billion, while net profit fell 25% year-over-year to $26.17 billion, free cash flow was negative more than $9 billion, and the stock fell nearly 10% in after-hours trading. Capital expenditures of $51.4 billion were mostly directed toward AI infrastructure, and CFO Anat Ashkenazi maintained the full-year 2026 capital expenditure range of $195 billion to $205 billion unchanged. Hours before the earnings release, Google launched G
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Google's Android XR development tools enter the stable phase, XREAL AURA released simultaneously
On October 29, at the Android Dev Summit 2026, Google announced that multiple core Android XR development tools have entered the stable phase, with the 1.0 stable versions of Jetpack SceneCore, ARCore for Jetpack XR, and XR Runtime released on October 21. On the same day, XREAL AURA, a wired XR glasses product developed in collaboration between Google and XREAL, was officially released, featuring a 70-degree field of view and a glasses body weighing less than 95 grams, with a limited-time launch price starting at $1,099; it is now open for pre-order in the United States, Canada, and South Korea, with shipments expected in mid-November. The article also outlines the expansion of the Android XR hardware lineup since its announcement in December 2024, as well as Gemini as a unified AI entry point spanning headsets and smart glasses.
On October 29, at the Android Dev Summit 2026, Google announced that multiple core Android XR development tools have entered the stable phase, with the 1.0 stable versions of Jetpack SceneCore, ARCore for Jetpack XR, and XR Runtime released on October 21. On the same day, XREAL AURA, a wired XR glasses product developed in collaboration between Google and XREAL, was officially released, featuring a 70-degree field of view and a glasses body weighing less than 95 grams, with a limited-time launch
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Anthropic files S-1 to list on Nasdaq under the ticker ANT, with a valuation of up to $2 trillion
Anthropic filed its S-1 on October 26, planning to list on Nasdaq under the ticker ANT with a valuation of $1.5 trillion to $2 trillion; if completed, it would surpass SpaceX to become the largest IPO in history. The prospectus shows revenue of $16.286 billion in the first half of 2026, up nearly 13-fold year on year, with about 80% of revenue coming from enterprise APIs and nearly 12,000 customers each spending more than $100,000 annually. The company has signed long-term compute contracts worth more than $650 billion, about 80% of which are non-cancelable; Q3 revenue was about $16.9 billion, and the quarter-on-quarter growth rate fell from 144% to about 47%, with some investors discussing cutting the valuation to about $1.5 trillion.
Anthropic filed its S-1 on October 26, planning to list on Nasdaq under the ticker ANT with a valuation of $1.5 trillion to $2 trillion; if completed, it would surpass SpaceX to become the largest IPO in history. The prospectus shows revenue of $16.286 billion in the first half of 2026, up nearly 13-fold year on year, with about 80% of revenue coming from enterprise APIs and nearly 12,000 customers each spending more than $100,000 annually. The company has signed long-term compute contracts wort
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Microsoft cuts annual capital expenditure to $170 billion, Alphabet maintains guidance of $195 billion to $205 billion
Microsoft lowered its annual capital expenditure forecast from $175 billion to $170 billion, while Alphabet maintained its guidance of $195 billion to $205 billion; the spending figures for both companies came in below analyst expectations. Microsoft CFO Amy Hood said that third-party GPU suppliers have experienced delays, and some available compute capacity will be pushed back to the first half of 2027; Alphabet CFO Anat Ashkenazi said that external compute capacity only came online at the end of the third quarter, and Alphabet's shares fell about 10% after hours. Shares of CoreWeave, Nebius, IREN and Oracle fell after the earnings releases, and Gartner predicts that by 2030, 80% of neocloud companies will be acquired or cease operations.
Microsoft lowered its annual capital expenditure forecast from $175 billion to $170 billion, while Alphabet maintained its guidance of $195 billion to $205 billion; the spending figures for both companies came in below analyst expectations. Microsoft CFO Amy Hood said that third-party GPU suppliers have experienced delays, and some available compute capacity will be pushed back to the first half of 2027; Alphabet CFO Anat Ashkenazi said that external compute capacity only came online at the end
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Microsoft's revenue in the first quarter of fiscal year 2027 was $92.28 billion, with Azure growing 48%
Microsoft's revenue in the first quarter of fiscal year 2027 grew 19% year over year to $92.28 billion, with earnings per share of $4.89, both exceeding Wall Street expectations, and the stock rose about 4% after hours. For the first time, the company separately disclosed Azure revenue of $33.17 billion, up more than 48% year over year, and changed its financial reporting to two major segments, Agents and Infra and Devices and Consumer, with the former generating $76.8 billion in revenue, up 25%. Capital expenditures and finance leases totaled $45.2 billion this quarter, of which CFO Amy Hood said about 75% was invested in short-lived assets such as GPUs and CPUs, and she expects Azure to grow 49% to 50% in constant currency in the second fiscal quarter.
Microsoft's revenue in the first quarter of fiscal year 2027 grew 19% year over year to $92.28 billion, with earnings per share of $4.89, both exceeding Wall Street expectations, and the stock rose about 4% after hours. For the first time, the company separately disclosed Azure revenue of $33.17 billion, up more than 48% year over year, and changed its financial reporting to two major segments, Agents and Infra and Devices and Consumer, with the former generating $76.8 billion in revenue, up 25%
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