TechCrunch reports that Anthropic's IPO will give public shareholders almost no say over board membership. Its long-term benefit trust holds Class T shares, which can elect and remove a majority of directors, and its members include Ben Bernanke; the 7 co-founders jointly hold another class of shares, with most of them controlling 50.1% of shareholder voting rights and 3 board seats. The board's nominating committee can block the trust's choice of 1 designated director or removal without cause, and refer that decision to an employee vote; founder control can be voluntarily ended 10 years after listing, or automatically terminated when there are fewer than 3 founders.
TechCrunch reports that Anthropic's IPO will give public shareholders almost no say over board membership. Its long-term benefit trust holds Class T shares, which can elect and remove a majority of directors, and its members include Ben Bernanke; the 7 co-founders jointly hold another class of shares, with most of them controlling 50.1% of shareholder voting rights and 3 board seats. The board's nominating committee can block the trust's choice of 1 designated director or removal without cause,
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
On October 26, US House Oversight Committee Chairman James Comer sent a letter to Delaware Governor Matt Meyer requesting documents related to the proposed "AI company" (AIC), including safety assessments and details of industry participation, and warned that the investigation could push federal legislation to restrict state-level AI initiatives. According to the draft, Delaware would establish a 30-month regulatory sandbox in which AICs could have AI agents handle business decisions without routine human oversight; the company itself could sue and be sued, and its members would generally be exempt from company liability, except in cases such as fraud or intentional violations of law. Andrew Baker, a law professor at the University of California, Berkeley, told the Financial Times that the liability exemption is too broad; Delaware Secretary of State Charuni Patibanda-Sanchez, together with Norm Ai CEO John Nay, presented the proposal in Fortune and mentioned that company formation fees could generate fiscal revenue. The bill is expected to be submitted next year.
On October 26, US House Oversight Committee Chairman James Comer sent a letter to Delaware Governor Matt Meyer requesting documents related to the proposed "AI company" (AIC), including safety assessments and details of industry participation, and warned that the investigation could push federal legislation to restrict state-level AI initiatives. According to the draft, Delaware would establish a 30-month regulatory sandbox in which AICs could have AI agents handle business decisions without rou
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
Cohere has completed its Series-E funding, targeting a size of up to CAD 7 billion (about EUR 4.7 billion), at a valuation of about CAD 35.7 billion (about EUR 23.9 billion), led by Schwarz Group, the parent company of Lidl and Kaufland, with participation from existing investors including the Canadian government and Nvidia. Cohere had previously merged with Heidelberg-based Aleph Alpha—in effect, Cohere acquired the latter—and Heidelberg continues to serve as a research and development base. Cohere focuses on Sovereign AI for enterprises and governments, and its technology can run in private clouds, on proprietary infrastructure, or in fully isolated environments. Schwarz Group plans to integrate Cohere models into its own STACKIT cloud.
Cohere has completed its Series-E funding, targeting a size of up to CAD 7 billion (about EUR 4.7 billion), at a valuation of about CAD 35.7 billion (about EUR 23.9 billion), led by Schwarz Group, the parent company of Lidl and Kaufland, with participation from existing investors including the Canadian government and Nvidia. Cohere had previously merged with Heidelberg-based Aleph Alpha—in effect, Cohere acquired the latter—and Heidelberg continues to serve as a research and development base. Co
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
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
After Alphabet announced its third-quarter earnings, its stock price fell sharply for two consecutive days, and its market value evaporated by about $500 billion. Net profit for the quarter fell 25% year over year to $26.2 billion, or $2.12 per share, below FactSet analysts' expectations; revenue rose 25% to $127.6 billion, and advertising revenue rose 11% to $82 billion. Google Cloud revenue rose 103% to $30.7 billion, and the company said sales of its self-developed TPU chips contributed significantly; capital expenditure for the quarter was $51.4 billion, and the 2026 capital expenditure guidance is $195 billion to $205 billion.
After Alphabet announced its third-quarter earnings, its stock price fell sharply for two consecutive days, and its market value evaporated by about $500 billion. Net profit for the quarter fell 25% year over year to $26.2 billion, or $2.12 per share, below FactSet analysts' expectations; revenue rose 25% to $127.6 billion, and advertising revenue rose 11% to $82 billion. Google Cloud revenue rose 103% to $30.7 billion, and the company said sales of its self-developed TPU chips contributed signi
Alphabet's market value fell from $3.97 trillion to $3.46 trillion on Thursday, with shares dropping nearly 13%, as the company disclosed that AI search summaries are affecting ad revenue. Total revenue for the quarter rose 25% year over year to $127.6 billion, and Google Cloud revenue grew 103% to nearly $31 billion, but profit fell 25% and free cash flow was negative by more than $9 billion. In the same week, Amazon shares fell 6% after hours, with free cash flow negative by $42 billion; Microsoft revenue grew 19% to $92.3 billion, and its shares fell less than 1%.
Alphabet's market value fell from $3.97 trillion to $3.46 trillion on Thursday, with shares dropping nearly 13%, as the company disclosed that AI search summaries are affecting ad revenue. Total revenue for the quarter rose 25% year over year to $127.6 billion, and Google Cloud revenue grew 103% to nearly $31 billion, but profit fell 25% and free cash flow was negative by more than $9 billion. In the same week, Amazon shares fell 6% after hours, with free cash flow negative by $42 billion; Micro
A New York Times investigative report claims that Nvidia CEO Jensen Huang may be a target of Chinese intelligence activities, and that the US has identified Alice Huang, an executive at the Singapore data center company Megaspeed who has close ties to him, as a suspected Chinese government intelligence operative. Alice Huang is a Chinese citizen; Megaspeed purchases chips from Nvidia and sells computing power to Chinese AI labs including Alibaba. While conducting electronic surveillance of the company over suspected improper resale of advanced Nvidia chips to China, the US found that she was also suspected of passing information to the Chinese government. Nvidia responded that Huang's contact with Alice Huang was not unusual and that customers such as Megaspeed would not receive sensitive trade secrets.
A New York Times investigative report claims that Nvidia CEO Jensen Huang may be a target of Chinese intelligence activities, and that the US has identified Alice Huang, an executive at the Singapore data center company Megaspeed who has close ties to him, as a suspected Chinese government intelligence operative. Alice Huang is a Chinese citizen; Megaspeed purchases chips from Nvidia and sells computing power to Chinese AI labs including Alibaba. While conducting electronic surveillance of the c
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
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.
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 echo
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.
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 50
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.
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 consecu
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.
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
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
Nvidia has invested $3 billion in Meta's Muse agent and the Muse series models, and the two sides announced that the Muse models (Wonder and Wonder Full) and the agent will run on Nvidia infrastructure. Meta plans to expand its deployment of Nvidia hardware, including using Vera Rubin and Vera CPU for next-generation AI agents, and the two sides are also exploring using Nvidia's OpenShell reference architecture for agent security. Meta's consumer-grade Muse agent has reached 10.9 million downloads and 2.5 million daily active users since its launch on September 8, but it has not yet become a profit engine.
Nvidia has invested $3 billion in Meta's Muse agent and the Muse series models, and the two sides announced that the Muse models (Wonder and Wonder Full) and the agent will run on Nvidia infrastructure. Meta plans to expand its deployment of Nvidia hardware, including using Vera Rubin and Vera CPU for next-generation AI agents, and the two sides are also exploring using Nvidia's OpenShell reference architecture for agent security. Meta's consumer-grade Muse agent has reached 10.9 million downloa
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.
The US Department of Justice has opened an inquiry into Nvidia's $12.93 billion acquisition of Hugging Face, assessing the deal's impact on AI competition, with the core focus being whether the transaction would give Nvidia control of a fundamental distribution point for AI models and software. Nvidia announced the acquisition on September 3, 2026, with consideration including approximately $11.9 billion in cash and up to $1 billion in employee retention equity incentives, and the deal is expected to close in the first half of 2027. Hugging Face hosts more than 3 million AI models and 500,000 datasets, serving over 18 million developers and 200,000 enterprises.
The US Department of Justice has opened an inquiry into Nvidia's $12.93 billion acquisition of Hugging Face, assessing the deal's impact on AI competition, with the core focus being whether the transaction would give Nvidia control of a fundamental distribution point for AI models and software. Nvidia announced the acquisition on September 3, 2026, with consideration including approximately $11.9 billion in cash and up to $1 billion in employee retention equity incentives, and the deal is expect