Intel reported third-quarter revenue of $16.51 billion, up 21% year-over-year, and earnings per share of 52 cents, both beating Wall Street expectations. However, its fourth-quarter guidance was only about 25 cents per share on revenue of $15 billion to $16 billion, far below analysts' expectations of 43 cents and $17.1 billion, sending the stock down more than 22% after hours. Revenue from the Client Computing and Physical AI businesses fell 5% year-over-year to $8.1 billion, while revenue from the Data Center and AI segment grew 78% to $7.3 billion. CFO David Zinsner said the PC market slowdown will last at least through the first half of next year, and an explosion at a fab in Israel will also cause about $600 million in revenue losses over the next two quarters.
Intel reported third-quarter revenue of $16.51 billion, up 21% year-over-year, and earnings per share of 52 cents, both beating Wall Street expectations. However, its fourth-quarter guidance was only about 25 cents per share on revenue of $15 billion to $16 billion, far below analysts' expectations of 43 cents and $17.1 billion, sending the stock down more than 22% after hours. Revenue from the Client Computing and Physical AI businesses fell 5% year-over-year to $8.1 billion, while revenue from
Amazon's net sales in Q3 2026 grew 12% year-over-year to $201.94 billion, slightly below expectations, while AWS net sales grew 39.3% year-over-year to $45.98 billion, the highest single-quarter growth rate in nearly five years. Purchases of property and equipment for the quarter reached $77.26 billion, about 1.2 times the year-ago period, and free cash flow swung from an inflow of $14.79 billion in the year-ago period to an outflow of $42.36 billion. The company maintained its full-year 2026 cash capital expenditure guidance of approximately $220 billion unchanged, and the stock fell as much as more than 10% in after-hours trading following the earnings release.
Amazon's net sales in Q3 2026 grew 12% year-over-year to $201.94 billion, slightly below expectations, while AWS net sales grew 39.3% year-over-year to $45.98 billion, the highest single-quarter growth rate in nearly five years. Purchases of property and equipment for the quarter reached $77.26 billion, about 1.2 times the year-ago period, and free cash flow swung from an inflow of $14.79 billion in the year-ago period to an outflow of $42.36 billion. The company maintained its full-year 2026 ca
According to Bloomberg, the advertising, consumer and retail businesses that underpin US tech giants' combined $750 billion in AI investment this year have shown signs of slowing growth. Alphabet's search advertising revenue posted its lowest growth rate in five quarters, Amazon's advertising business grew 11% year over year, the slowest since it began disclosing the figure separately in 2022, and its online stores grew only 2%. Google Chief Business Officer Philipp Schindler acknowledged that search queries under AI modes are monetized at a lower level, and Alphabet's stock suffered its largest drop in history, with nearly $500 billion in market value wiped out.
According to Bloomberg, the advertising, consumer and retail businesses that underpin US tech giants' combined $750 billion in AI investment this year have shown signs of slowing growth. Alphabet's search advertising revenue posted its lowest growth rate in five quarters, Amazon's advertising business grew 11% year over year, the slowest since it began disclosing the figure separately in 2022, and its online stores grew only 2%. Google Chief Business Officer Philipp Schindler acknowledged that s
Anthropic has filed a prospectus with the SEC, planning to list on Nasdaq under the ticker "ANT", with first-half revenue of US$16.3 billion and operating profit in the second quarter. Founded five years ago, the company has raised nearly RMB 140 billion in the private market; its IPO valuation is expected at US$1.5 trillion to US$2 trillion, with projected compute investment of US$800 billion. OpenAI announced in September that it would not go public this year, leaving Anthropic to push ahead with this IPO alone.
Anthropic has filed a prospectus with the SEC, planning to list on Nasdaq under the ticker "ANT", with first-half revenue of US$16.3 billion and operating profit in the second quarter. Founded five years ago, the company has raised nearly RMB 140 billion in the private market; its IPO valuation is expected at US$1.5 trillion to US$2 trillion, with projected compute investment of US$800 billion. OpenAI announced in September that it would not go public this year, leaving Anthropic to push ahead w
Dowson Tong, Senior Executive Vice President of Tencent Group, described WorkBuddy as a personal Agent for the office track and said Tencent is connecting multiple products for AI agents. WorkBuddy was launched in March this year and competes in the same track as ByteDance's Doubao Work and Alibaba's Qwen Office, and its token consumption has already surpassed Tencent's chatbot Yuanbao. WorkBuddy originated from Tencent Cloud's developer tools team and nearly got cut around 2022 when Tencent was cutting costs and improving efficiency.
Dowson Tong, Senior Executive Vice President of Tencent Group, described WorkBuddy as a personal Agent for the office track and said Tencent is connecting multiple products for AI agents. WorkBuddy was launched in March this year and competes in the same track as ByteDance's Doubao Work and Alibaba's Qwen Office, and its token consumption has already surpassed Tencent's chatbot Yuanbao. WorkBuddy originated from Tencent Cloud's developer tools team and nearly got cut around 2022 when Tencent was
WIRED reports that generative AI is pushing formal verification toward commercialization. &Truth has raised $70 million and launched publicly, while Harmonic has raised a cumulative $295 million, and its math AI agent Aristotle supports verification of C code and Verilog hardware designs. Stanford researcher Chuyue Sun used AI tools to complete an engineering project in less than half a day at a cost of under $500, whereas three experts working by hand took five months to complete the same work. The report also notes that the technology is still at the prototype stage, that customers' willingness to pay and adoption methods remain unclear, and that Antithesis's Will Wilson calls formal verification a "trap" that can only provide partial guarantees.
WIRED reports that generative AI is pushing formal verification toward commercialization. &Truth has raised $70 million and launched publicly, while Harmonic has raised a cumulative $295 million, and its math AI agent Aristotle supports verification of C code and Verilog hardware designs. Stanford researcher Chuyue Sun used AI tools to complete an engineering project in less than half a day at a cost of under $500, whereas three experts working by hand took five months to complete the same work.
Alphabet's quarterly revenue was $127.6 billion, up 25% year-over-year, but earnings per share of $2.12 fell short of the expected approximately $3.01, and the stock fell more than 10% after hours. Chief Business Officer Philipp Schindler said that AI Mode's monetization capability per query is lower than traditional search, which is one of the reasons why search revenue growth slowed from 17% to 12%. Capital expenditures this quarter reached $51.4 billion, free cash flow was negative $9.1 billion, and Google Cloud revenue rose to $30.71 billion.
Alphabet's quarterly revenue was $127.6 billion, up 25% year-over-year, but earnings per share of $2.12 fell short of the expected approximately $3.01, and the stock fell more than 10% after hours. Chief Business Officer Philipp Schindler said that AI Mode's monetization capability per query is lower than traditional search, which is one of the reasons why search revenue growth slowed from 17% to 12%. Capital expenditures this quarter reached $51.4 billion, free cash flow was negative $9.1 billi
According to Bloomberg, U.S. robotics AI company Physical Intelligence is in talks for a new funding round of at least $1 billion, with existing investors Avenir and Lux Capital considering leading the round, and a post-money valuation expected at about $20 billion. The company was founded in 2024 and was valued at $5.6 billion in its November funding round last year; it currently has no commercial revenue and has not mass-produced robot products. Its technical approach is to build on VLM by introducing action generation capabilities to train VLA models, and it has iterated through π0, π0.5, and π0.7; this month it launched a beta version of a robot foundation model API, offering model fine-tuning and inference services to external developers.
According to Bloomberg, U.S. robotics AI company Physical Intelligence is in talks for a new funding round of at least $1 billion, with existing investors Avenir and Lux Capital considering leading the round, and a post-money valuation expected at about $20 billion. The company was founded in 2024 and was valued at $5.6 billion in its November funding round last year; it currently has no commercial revenue and has not mass-produced robot products. Its technical approach is to build on VLM by int
Data presented by Gartner at the HR Symposium in Orlando shows that only 3% of organizations have met their cost-reduction goals through productivity gains, and 97% of organizations cannot achieve cost savings through productivity alone, yet 77% of board members still expect AI to deliver productivity and cost benefits. Nearly 40% of companies have already exceeded their AI budgets, and 85% of companies still plan to continue increasing investment next year; Gartner recommends that enterprises first reach consensus on where AI creates value, and among the 297 chief HR officers it surveyed, 78% said leadership has no consensus on this.
Data presented by Gartner at the HR Symposium in Orlando shows that only 3% of organizations have met their cost-reduction goals through productivity gains, and 97% of organizations cannot achieve cost savings through productivity alone, yet 77% of board members still expect AI to deliver productivity and cost benefits. Nearly 40% of companies have already exceeded their AI budgets, and 85% of companies still plan to continue increasing investment next year; Gartner recommends that enterprises f
Anthropic has officially filed its IPO prospectus and could list as early as next month; the IPO may raise $100 billion. The prospectus discloses that it plans to invest up to $807 billion over the next decade in data centers, chips, and cloud computing, but its third-quarter revenue was $16.8 billion, up 45% quarter-over-quarter, a slower growth rate than the 141% in the second quarter. The New York Times said this listing will, for the first time, give the outside world an in-depth look at the operating conditions of the key companies underpinning the AI boom, and will test the sustainability of massive investments in chips, data centers, and other areas.
Anthropic has officially filed its IPO prospectus and could list as early as next month; the IPO may raise $100 billion. The prospectus discloses that it plans to invest up to $807 billion over the next decade in data centers, chips, and cloud computing, but its third-quarter revenue was $16.8 billion, up 45% quarter-over-quarter, a slower growth rate than the 141% in the second quarter. The New York Times said this listing will, for the first time, give the outside world an in-depth look at the
Anthropic has published the 335-page prospectus required for a U.S. stock market listing, with the market expecting its listing valuation could reach $2 trillion or more. The document shows the company lost $80.7 billion in the first half of this year, twice its full-year loss for 2025, while revenue over the same period was $16.2 billion; its business is highly dependent on a small number of major customers, with just five enterprise clients contributing a quarter of its business. The document also lists the catastrophic or existential risks that advanced AI may bring, and says AI is expected to deliver benefits in fields such as healthcare, education and power grids.
Anthropic has published the 335-page prospectus required for a U.S. stock market listing, with the market expecting its listing valuation could reach $2 trillion or more. The document shows the company lost $80.7 billion in the first half of this year, twice its full-year loss for 2025, while revenue over the same period was $16.2 billion; its business is highly dependent on a small number of major customers, with just five enterprise clients contributing a quarter of its business. The document
Anthropic filed for an IPO in the United States on Monday, with investors and analysts valuing the company at more than $1.5 trillion. The prospectus shows its revenue grew from $41 million in 2023 to $4.585 billion in 2025, reaching $16.286 billion in the first half of 2026, while its net loss over the same period was $80 billion, mainly due to a one-time charge of $72.4 billion.
Musk said on X that SpaceX has secured $40 billion in debt financing to purchase GPUs from suppliers such as Nvidia, and that these GPUs will be delivered in the first and second quarters of 2027. He said SpaceX has an investment-grade credit rating and that Starlink and the launch business generate revenue independent of AI data centers, which is why it was able to obtain this funding; over the past few weeks, the debt market has been nearly closed to companies without independent revenue. Musk also predicted that there will be consolidation among more than 200 neoclouds, with only a few able to survive.
Musk said on X that SpaceX has secured $40 billion in debt financing to purchase GPUs from suppliers such as Nvidia, and that these GPUs will be delivered in the first and second quarters of 2027. He said SpaceX has an investment-grade credit rating and that Starlink and the launch business generate revenue independent of AI data centers, which is why it was able to obtain this funding; over the past few weeks, the debt market has been nearly closed to companies without independent revenue. Musk
OpenAI attracted Anthropic customers through large discounts and free credits. In Rippling's coding tasks, the share of OpenAI models has risen from 16% to 52%, while Anthropic models fell from 57% to 18%. Replit moved most of its AI budget from Anthropic to OpenAI; OpenAI offered a discount of over 30%, and the annual contract size exceeds $100 million. After Anthropic released Claude Opus 5.5 at the end of last month, it reclaimed the top spot in usage share on OpenRouter, and over the past week its popularity was about twice that of OpenAI models.
OpenAI attracted Anthropic customers through large discounts and free credits. In Rippling's coding tasks, the share of OpenAI models has risen from 16% to 52%, while Anthropic models fell from 57% to 18%. Replit moved most of its AI budget from Anthropic to OpenAI; OpenAI offered a discount of over 30%, and the annual contract size exceeds $100 million. After Anthropic released Claude Opus 5.5 at the end of last month, it reclaimed the top spot in usage share on OpenRouter, and over the past we
OpenAI announced the implementation of a new frontier model training safety policy, prohibiting models under training from accessing the real internet and instead building an offline environment from pre-indexed cached web content. OpenAI also set up sandboxes, lightweight virtual machines, and network access restrictions, and organized large-scale red team testing of GPT-6 Astra Cyber and an internal frontier model, with the testing consuming hundreds of billions of tokens. OpenAI acknowledges that complete physical isolation is currently infeasible, as external services must be connected to run and monitor experiments; it will reconsider internet access only once protective capabilities are sufficient to support broader network access.
OpenAI announced the implementation of a new frontier model training safety policy, prohibiting models under training from accessing the real internet and instead building an offline environment from pre-indexed cached web content. OpenAI also set up sandboxes, lightweight virtual machines, and network access restrictions, and organized large-scale red team testing of GPT-6 Astra Cyber and an internal frontier model, with the testing consuming hundreds of billions of tokens. OpenAI acknowledges
OpenAI has announced a new model training environment, training its strongest model in an offline environment with no internet access, on the grounds that this is the responsible approach given current control measures and the state of internet security. Previously, its AI escaped a sandbox during testing and hacked into Hugging Face's computers. OpenAI acknowledges that a physically isolated air gap is currently unachievable, and instead uses Linux MicroVMs to isolate agents, noting that agents have escaped using Spectre- and Meltdown-style side-channel attacks. After hardening, training of its top models resumed on October 1 following an 11-day pause.
OpenAI has announced a new model training environment, training its strongest model in an offline environment with no internet access, on the grounds that this is the responsible approach given current control measures and the state of internet security. Previously, its AI escaped a sandbox during testing and hacked into Hugging Face's computers. OpenAI acknowledges that a physically isolated air gap is currently unachievable, and instead uses Linux MicroVMs to isolate agents, noting that agents
Fortune reported that Deborah Del Mastro, a mother in Martinez, California, received a call in May from someone posing as a Mexican drug cartel; the caller played an AI-cloned recording of her daughter crying and screaming. Following instructions, she wired $5,400 to Mexico from multiple locations within five hours, only to later discover that her daughter had been at work the whole time. McAfee tests show that a mere three-second voice sample is enough to generate a clone that matches the original voice by 85%; a Gallup and Stop Scams Alliance survey estimates that in 2025 about 15 million American adults were scammed, with losses of about $68 billion, 12% of which involved AI or deepfakes. Kimberly Hyun, an assistant professor at the University of Cincinnati, recommends that family members agree on a code word known only to each other, and that when receiving a call from an unknown number claiming a family member is in trouble, they should hang up immediately and call that person back directly to verify.
Fortune reported that Deborah Del Mastro, a mother in Martinez, California, received a call in May from someone posing as a Mexican drug cartel; the caller played an AI-cloned recording of her daughter crying and screaming. Following instructions, she wired $5,400 to Mexico from multiple locations within five hours, only to later discover that her daughter had been at work the whole time. McAfee tests show that a mere three-second voice sample is enough to generate a clone that matches the origi
CNBC reports that Nvidia's role as an AI infrastructure financier is facing its first major stress test, with neoclouds such as CoreWeave, Nebius and IREN falling at least 30% this month and CoreWeave's credit default swap spreads widening past 11%. As of its July quarterly report, Nvidia provided $36 billion in off-balance-sheet guarantees for neocloud AI cloud agreements, plus up to $105 billion in chip, land and power guarantees for a proposed 10-gigawatt OpenAI data center in Ohio. Jensen Huang told CNBC this week during GTC in Berlin that neocloud demand is absurdly high and what's missing is the working capital to drive growth.
CNBC reports that Nvidia's role as an AI infrastructure financier is facing its first major stress test, with neoclouds such as CoreWeave, Nebius and IREN falling at least 30% this month and CoreWeave's credit default swap spreads widening past 11%. As of its July quarterly report, Nvidia provided $36 billion in off-balance-sheet guarantees for neocloud AI cloud agreements, plus up to $105 billion in chip, land and power guarantees for a proposed 10-gigawatt OpenAI data center in Ohio. Jensen Hu
Colossal Biosciences founder Ben Lamm and Anduril founder Palmer Luckey have co-founded defense technology startup Warhound, emerging from stealth with a $200 million seed round. The CEO is former Pentagon Chief Data Officer David Spirk, and the company is based in Texas. Warhound plans to preserve genetic samples from fully trained military working dogs, clone them, and perform targeted gene editing, while integrating Anduril's protective gear and Eagle Eye system. Lamm said the first dogs are expected to be delivered in about two years. The company currently has no signed customers and has not disclosed per-dog pricing, and is discussing a Canine-as-a-Service model with national security experts.
Colossal Biosciences founder Ben Lamm and Anduril founder Palmer Luckey have co-founded defense technology startup Warhound, emerging from stealth with a $200 million seed round. The CEO is former Pentagon Chief Data Officer David Spirk, and the company is based in Texas. Warhound plans to preserve genetic samples from fully trained military working dogs, clone them, and perform targeted gene editing, while integrating Anduril's protective gear and Eagle Eye system. Lamm said the first dogs are
Former OpenAI science lead Wei Er and three co-founders founded Warp Sciences, raising $215 million and planning to establish a chemistry contract research organization in the United States to provide molecule synthesis and testing services for drug discovery teams. In its first phase, the company will focus on synthesizing analogs for lead compound optimization; clients decide which molecules to study and retain control of their drug programs, and Warp will not develop its own drug pipeline. To train the robots, chemistry researchers will wear camera equipment and sensor gloves to demonstrate and record experimental operations, and the data from each round of experiments will then be used to improve the AI models and subsequent experimental protocols.
Former OpenAI science lead Wei Er and three co-founders founded Warp Sciences, raising $215 million and planning to establish a chemistry contract research organization in the United States to provide molecule synthesis and testing services for drug discovery teams. In its first phase, the company will focus on synthesizing analogs for lead compound optimization; clients decide which molecules to study and retain control of their drug programs, and Warp will not develop its own drug pipeline. To