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  1. Sina Tech
    AI score64

    34.5% of SpaceX's Q3 Revenue Came from Anthropic Compute Contract

    According to people familiar with the matter, Anthropic is SpaceX's single largest customer, contributing more than one-third of its revenue in the third quarter. SpaceX documents show that this customer accounts for about 34.5% of revenue, and the documents label it only as "Customer B." This revenue comes from Anthropic's use of compute at SpaceX's data center in Memphis, Tennessee. The contract is worth up to $120.5 billion and runs through 2029, but starting this December Anthropic will pay about $3.1 billion per month and may terminate the contract with 90 days' notice after January 2027 and March 2027.

    Same story · 4 reports

    #Industry news#English text is being prepared.#Anthropic

  2. Sina Tech
    AI score53

    Ares CEO Says It Avoids AI Chip Financing Due to Business Complexity

    Ares Management CEO Michael Arougheti said the company is avoiding financing the high-performance processors that run advanced AI models, and is instead investing in the data centers that house those chips. He said due diligence on data center projects is simpler, relative returns are attractive, and it is impossible to conduct due diligence to assess the value decay and depreciation curves of GPU technology. The company estimates AI capital expenditure demand at about $5 trillion, of which about $2 trillion is for physical AI data centers and supporting infrastructure, and $3 trillion is for purchasing GPU chips.

    #Industry news#English text is being prepared.

  3. Sina Tech
    AI score66

    Amazon's AI spending turns free cash flow negative at $42.4 billion, shares fall after hours

    Amazon disclosed that free cash flow for the trailing twelve months ended September 30, 2026 was negative $42.4 billion, compared with positive $14.8 billion in the same period of 2025; the company said this was mainly due to a $94.8 billion increase in purchases of property and equipment related to AI investments. Amazon expects cash capital expenditure of $220 billion for 2026, and AWS Chief Financial Officer John Felton said the order backlog as of the second quarter was close to $500 billion. In the earnings report, the advertising business's year-over-year growth rate fell to 12%, compared with 26% in the previous quarter.

    Same story · 2 reports

    #Industry news#English text is being prepared.#OpenAI

  4. 404 Media
    AI score58

    Meta updates its commercial terms to allow using user content to train AI; UK and EU users can object

    Meta updated its commercial terms this month to allow it to use content from associated domains, web pages, or URLs to develop, improve, research, train, and maintain Meta products, sparking discontent among artists and small business owners who rely on Instagram and Facebook. The effective date was postponed from October 30 to November 20, and Meta subsequently removed the word "train" from the list of permitted uses and limited the uses to "advertising and business products." UK and EU users can currently submit an objection form in the Instagram Privacy Center, and some users say they have received emails from Meta confirming that their objections were approved; these options do not appear in the United States and other places.

    #English text is being prepared.#English text is being prepared.#Meta

  5. 404 Media
    AI score53

    UK and EU users can object to Meta using their content to train AI

    Meta updated its terms for business accounts to allow it to use content from linked websites and pages to develop, improve, and train AI, sparking dissatisfaction among small businesses and artists who use Instagram. UK and EU users can currently submit an objection form in the Instagram Privacy Center, and some users say they have received emails from Meta approving their objections. The terms were originally set to take effect on October 30 but were changed to November 20 after objections, and Meta also removed the word "train" from the permitted uses and narrowed the scope to advertising and commercial products.

    #English text is being prepared.#English text is being prepared.#Meta

  6. Wall Street Insights
    AI score67

    Eisman Questions Anthropic Prospectus for Concealing Latest Quarterly Financial Data

    Steve Eisman, the real-life inspiration for "The Big Short," publicly questioned Anthropic's prospectus filed on October 26, which discloses financial data only through June, saying it "very deliberately" concealed the latest quarterly data. Citing Reuters data, he noted that Anthropic's quarterly revenue growth had slowed from 144% in the second quarter to 45% in the third quarter, and said the company's cost structure for generating revenue is also deteriorating. Anthropic has not yet responded to these allegations; it is seeking a valuation of about $2 trillion.

    Same story · 3 reports

    #Industry news#Anthropic

  7. Wallstreetcn
    AI score58

    Intel's Q4 guidance falls far short of expectations, shares drop over 20% after hours

    Intel expects Q4 revenue of $15 billion to $16 billion, below the analysts' average estimate of $17 billion, and adjusted earnings per share of 25 cents, far below the expected 43 to 45 cents; the stock fell more than 22% at one point after hours. The company said the October explosion at its Kiryat Gat plant in Israel will reduce Q4 revenue by about $300 million and lower gross margin by about 200 basis points, and it expects the PC market weakness to last at least through the first half of 2027. Third-quarter revenue rose 21% year over year to $16.5 billion, while data center and AI business revenue rose 78% year over year to $7.3 billion.

    Same story · 7 reports

    #Industry news#English text is being prepared.

  8. Wallstreetcn
    AI score62

    Amazon Q3 Earnings: AWS Revenue Up 39.3%, AI Capital Expenditures Turn Free Cash Flow Negative

    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.

    Same story · 2 reports

    #Industry news#English text is being prepared.

  9. Wallstreetcn
    AI score68

    Anthropic Reportedly SpaceX's Largest Single Customer, Contributing Over One-Third of Q3 Revenue

    According to Bloomberg, citing people familiar with the matter, Anthropic is currently SpaceX's largest single customer, contributing more than one-third of SpaceX's revenue in the third quarter, exceeding the share from the U.S. federal government. SpaceX documents show that about 34.5% of revenue that quarter came from a single AI division customer, "Customer B." Anthropic has committed to paying SpaceX up to $120.5 billion over the contract term through 2029, equivalent to about $3.1 billion per month starting this December, but it can terminate the contract with 90 days' notice after January and March 2027.

    #Industry news#English text is being prepared.#OpenAI

  10. Wallstreetcn
    AI score57

    Nvidia Plans to Provide Credit Guarantee for Nscale's Over $5 Billion Data Center Construction Financing

    Nvidia is in talks with emerging AI cloud service provider Nscale to provide over $5 billion in credit guarantees for the debt financing of a 460-megawatt data center Nscale plans to build in West Virginia, USA; the agreement has not yet been signed. The data center will serve Anthropic, with the two parties having signed a $45 billion lease contract, and the facility will be equipped with Nvidia Vera Rubin GPUs. The guarantee takes the form of a residual value guarantee and covers the data center facility itself rather than the lease or the chips. To date, Nvidia has provided approximately $170 billion in credit support and investment to customers including emerging cloud providers.

    Same story · 4 reports

    #Industry news#English text is being prepared.#OpenAI

  11. Wallstreetcn
    AI score51

    Amazon's stock fell about 7% after its Q3 earnings report, showing AI investment pressure alongside Alphabet

    Amazon's total Q3 revenue grew 12% year-over-year to $201.9 billion, below analyst expectations, and its stock fell about 7% after hours following the earnings release. AWS revenue grew 39% year-over-year to $46 billion, accelerating for the sixth consecutive quarter, but online retail growth slowed to 2% and advertising growth slowed to 11%; meanwhile, equipment and property expenditures exceeded $77 billion, and free cash flow over the past 12 months was negative $42.4 billion. This trend echoes Alphabet's single-day plunge of 13% after its search advertising revenue fell short of expectations, as market concerns grow that AI investment is suppressing cash flow and the pace of monetization.

    #Industry news#English text is being prepared.#English text is being prepared.

  12. Wallstreetcn
    AI score60

    Amazon Earnings Call: AWS Expected to Grow Over 40% in 2027 and 2028, 2026 Capex Around $220 Billion

    Amazon CEO Andy Jassy said on the Q3 earnings call that AWS third-quarter revenue grew 39.3% year over year to $45.98 billion, and is expected to grow over 40% in both 2027 and 2028, becoming a business with annual revenue exceeding one trillion dollars in the next 5 to 10 years. The company maintained its expectation of about $220 billion in cash capital expenditure for 2026, most of which will go to AWS, and expects spending to increase significantly in 2027. On Bedrock, spending by Fortune 500 companies grew nearly 7x year over year and total tokens grew nearly 17x, revenue commitments for Trainium and Graviton grew more than 20x year over year, and Trainium is planned to be sold externally by the end of 2027.

    Same story · 5 reports

    #Industry news#English text is being prepared.#English text is being prepared.

  13. Wallstreetcn
    AI score60

    Amazon, Intel, and Alphabet earnings miss expectations, global tech stocks fall collectively

    Earnings from Amazon, Intel, and Alphabet successively missed expectations, triggering a collective slump in global tech stocks. Nasdaq 100 index futures extended losses to 2%, and South Korea's KOSPI index fell 4.5% and triggered the SIDECAR mechanism to suspend program selling. Intel plunged 23% after hours, Amazon fell about 7.3% after hours, and Alphabet tumbled 13% in the previous trading session, its largest single-day drop. Market attention is focused on capital expenditures: Amazon's third-quarter spending on equipment and property exceeded $77 billion, and free cash flow over the past 12 months was negative $42.4 billion. CEO Andy Jassy said capital expenditures will increase significantly in 2027.

    #Industry news#OpenAI#Google

  14. Wallstreetcn
    AI score63

    Century-Old Law Firm Weil Gotshal Dissolves, Legal AI Startup Crosby Submits Letter of Intent to Acquire

    Wall Street law firm Weil, Gotshal & Manges has announced its dissolution, and legal AI startup Crosby has submitted a letter of intent to acquire its internal data, trademarks and brand, and to recruit some of its lawyers. According to The Information, what Crosby values is non-client-specific data such as the firm's M&A agreement templates and contract templates for each stage of negotiations, which can be used for model fine-tuning. Crosby has been founded for less than two years, has raised more than $80 million, and is valued at $400 million; its AI agents connect to the underlying models of OpenAI, Anthropic and Google.

    #Industry news#Agents#English text is being prepared.

  15. Cailian Press
    AI score58

    Oracle and Google Share Prices Diverge: Capital Expenditure Expectations Move in Opposite Directions

    On October 28, Oracle's share price surged 10.73%, while Google's parent company Alphabet plunged more than 10% in premarket trading on October 29. Oracle expects capital expenditure to peak in fiscal years 2027 to 2028 and decline in fiscal year 2029, with free cash flow turning positive in the second half of fiscal year 2028 and exceeding $30 billion in fiscal year 2029; Google's third-quarter revenue and profit both fell short of expectations, recording negative free cash flow for two consecutive quarters. Oracle also said it needs to raise up to an additional $20 billion over the remainder of fiscal year 2027, split evenly between debt financing and equity financing.

    #Industry news#OpenAI

  16. Cailian Press
    AI score59

    Cohere Pursues Funding of Up to $5 Billion, Pre-Money Valuation Reaches $20.5 Billion

    Canadian AI model developer Cohere is pursuing a funding round of up to $5 billion, with a pre-money valuation of $20.5 billion, roughly three times that of a year ago. The company said it has completed the first closing, with investors including the Canadian government and Nvidia making funding commitments, among which the Canadian government agreed to invest up to C$1.6 billion (about $1.14 billion). Cohere plans to keep its headquarters in Canada and expects to invest about $1.2 billion in the country by 2030 to build new computing infrastructure.

    Same story · 5 reports

    #Industry news#English text is being prepared.#OpenAI

  17. Cailian Press
    AI score58

    Amazon Q3 earnings revenue and profit miss expectations, AWS revenue up about 39% but AI investment leads to $42.4 billion cash outflow

    Amazon's third-quarter revenue was $201.94 billion and earnings per share were $1.89, both below market expectations, with the after-hours stock price falling more than 7% at one point. AWS revenue was $45.984 billion, up about 39% year over year, the fastest growth in nearly five years, but free cash flow outflow over the past 12 months reached $42.4 billion, which the company said was mainly due to increased spending on AI-related property and equipment. Amazon maintained its forecast of about $220 billion in capital expenditure for 2026 and expects spending to increase significantly in 2027.

    Same story · 5 reports

    #Industry news#English text is being prepared.

  18. Cailian Press
    AI score57

    Amazon Earnings Call: AWS Quarterly Revenue of $46 Billion, Capital Expenditures to Continue Rising in 2027

    Amazon's Q3 2026 earnings show AWS revenue of $46 billion, up 39.3% year over year, with $578 billion in backlog orders, and AI inference revenue accounting for more than half of AWS's AI revenue. Management expects AWS to grow at an annual rate above 40% in 2027-2028 and to approach $1 trillion in revenue within 5 to 10 years, but capital expenditures will be about $220 billion in 2026 and will rise significantly further in 2027, sending the company's shares down 7.3% after hours. The earnings call also mentioned that spending by Fortune 500 companies on Bedrock grew nearly 7x year over year, token call volume grew nearly 17x, and Trainium is planned to be sold externally by the end of 2027.

    Same story · 5 reports

    #Industry news#English text is being prepared.#English text is being prepared.

  19. Phoenix Tech
    AI score71

    Iluvatar CoreX Tianyao 300 Benchmarked Against H200: Training Throughput Reaches 1.33x That of H100

    Iluvatar CoreX held its first live demonstration of the Tianyao 300 at a media open day on October 28, claiming that in comparative tests on large language models such as GLM-5.3 as well as text-to-image and text-to-video scenarios, it outperformed the H200 overall. On the training side, in an 8-GPU full-system FP8-precision demonstration based on Qwen3-32B, the Tianyao 300 achieved per-GPU effective throughput 1.33 times that of the H100. The Tianyao 300 was unveiled at this year's World Artificial Intelligence Conference in July, features 144GB of memory, and its IXL144 supernode integrates 144 GPUs with roughly 10.1TB of memory in a single standard rack, reducing the cost per million effective tokens by about 40% compared with mainstream international solutions.

    Same story · 4 reports

    #Industry news#English text is being prepared.#Reasoning

  20. Phoenix Technology
    AI score62

    Google Shuts Down AI Coding Agent Jules, Folds Lessons into Antigravity

    Google will gradually shut down Jules, the AI coding agent launched in December 2024, and fold the lessons accumulated from the tool into its AI coding platform Antigravity. According to Jules' official X account, Jules began as an experiment exploring how asynchronous coding agents could help developers ship faster, and its lessons have already influenced multiple Google products. The integrated direction is to let users both autonomously execute background tasks in remote environments and use an agent-centric development environment.

    Same story · 4 reports

    #Product updates#Agents#English text is being prepared.