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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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ServiceNow shares fell 27% on Thursday, marking the worst single-day performance on record, after the company's third-quarter results fell short of expectations, reigniting market fears about AI disruption. Revenue for the quarter rose more than 20% year over year to $4.11 billion, roughly in line with LSEG analysts' expectation of $4.10 billion, but adjusted earnings per share of $1.00 came in below the $1.02 expected. Although the company slightly raised its full-year 2026 subscription revenue

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Dowson Tong, Senior Executive Vice President of Tencent Group, announced at the 2026 Tencent Global Digital Ecosystem Summit that the official version of the Hunyuan large model Hy4 will be released soon. Compared with the Hy4 Preview open-sourced on August 28, it is comprehensively upgraded, strengthens long-horizon tasks and real productivity task capabilities, significantly improves chain-of-thought efficiency, and adds visual understanding for the first time; Hy4 Flash, which focuses on cost

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GitHub said in its Octoverse report on October 28 that Pull Requests merged over the past twelve months reached 1.3 billion, averaging 3.5 million per day, three times the figure for the same period last year. More than 40% of Pull Requests begin with an agent-drafted opening, compared with 17% in March 2026; projects containing an AGENTS.md file receive eight times as many commits as projects without such a file. TypeScript and Python each have about 13 million monthly contributors, tying as th

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Meesho said on its Q2 FY2026-27 earnings call that AI agents have become its default way of developing software: one engineer leading a group of agents can take on the work of what used to be a three-person team, and 65% of teams are driven by a single engineer. The company said its internal productivity score rose 171% from March to September 2026, code review approval time fell 41%, and the time for a model to enter online testing shrank from 17 days to 3 days. At the same time, AI has also pu

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Unitree Technology released its 2026 third-quarter financial report on October 28. Third-quarter revenue rose 69.93% year on year to 665 million yuan, while total profit fell 27.78% year on year to 112 million yuan. From 2023 to 2025, Unitree's revenue was 159 million yuan, 393 million yuan, and 1.699 billion yuan, respectively, with a three-year compound growth rate of 226.78%. Net profit shifted from a loss of 11.1451 million yuan in 2023 to 278 million yuan in 2025. The report noted that robo

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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

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So far this year, global investment-grade and junk bond issuance has raised a total of $6.61 trillion, up 15% year-on-year, surpassing the 2025 record with two months still left in the year. Among this, cloud computing giants and data center developers issued nearly $368 billion in bonds, more than six times the same period last year, accounting for about one-third of the increase in borrowing. Amazon became the world's fourth-largest bond issuer and largest corporate borrower this year, with Al

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Microsoft announced on Thursday that it plans to issue $25 billion in bonds, using its S&P AAA rating to finance infrastructure expansion. Management has set a 2026 capital expenditure target of $170 billion to meet demand from customers such as Anthropic and OpenAI. The company said the net proceeds will be used for general corporate purposes, which may include working capital, capital expenditures, share repurchases, acquisitions, and repayment of existing debt. The offering is expected to clo

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At its 2026 Innovation Day, Zhiyuan proposed the Worken (effective intelligent work hours) metric, with the formula being the number of active robots multiplied by autonomous working hours and then multiplied by the output efficiency ratio, used to measure the value actually created by robots. Zhiyuan disclosed that its 20,000th robot rolled off the line in September, with 9,700 units shipped in the first half, a global market share of over 43%, and revenue approaching 2 billion yuan. The compan

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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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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

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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

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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 abou

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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

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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

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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

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On its fiscal 2027 first-quarter earnings call, SanDisk said AI inference is reshaping the NAND flash supply and demand landscape, that customers have underestimated the NAND capacity needed to run AI infrastructure, and that its new business model order pipeline extends to 2030 and even further out. About 50% of bit shipments in fiscal 2027 have already been locked in under NBM agreements, and that is expected to rise to about two-thirds in fiscal 2028. SanDisk also announced that the first hig

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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

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The Guardian reports that xAI, in Southaven, Mississippi, has been offering to buy homes from residents through real estate agents on the condition that homeowners not join a class-action lawsuit over noise from its gas turbines. One agent said the goal is to purchase 418 homes, and 18 households have already agreed to sell; xAI did not respond to these figures and denies all allegations in the noise lawsuit. Local residents say the gas turbines run around the clock and produce constant noise re

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