01
CNBC ↗
Anthropic's amended IPO filing on Monday put third-quarter revenue at about $17 billion, up about 1,127 percent from a year earlier. The company reported a $567 million operating loss and a $23.3 billion net loss, most of it a non-cash charge on convertible notes. It disclosed about $895.4 billion in purchase and lease commitments, substantially all for compute and infrastructure, with about $69.8 billion due within a year. Revenue for the first nine months was about $33.2 billion.
02
Reuters ↗
Marvell agreed to buy optical-parts maker Lumentum in an all-stock deal with an enterprise value of $115 billion, including debt. Lumentum shareholders get 4.5 Marvell shares, about $1,132 a share and a 23.9 percent premium to the October 28 close, and will own about 33 percent of the combined company. Both boards approved the deal, which is expected to close in the first half of 2028. Marvell would owe a $5.8 billion fee if it walks away.
03
Reuters ↗
Abu Dhabi's crown prince watched Sam Altman sign four OpenAI agreements covering energy, government, and investment. ADNOC and G42 will run OpenAI models on computing inside the UAE, and ADNOC said it is the first energy company on that frontier agent platform. The other deals are a machine-readable government pilot, investment analysis with Mubadala, and a five-year rollout with G42's Inception42. No dollar value was disclosed.
04
TechCrunch AI ↗
The New York Times sued Brave Software in Manhattan, alleging the browser maker scraped its journalism and sold access to AI companies. The Daily News, the Chicago Tribune, and the Orlando Sentinel filed a similar suit the same day. The complaints allege Brave indexed more than 30 billion pages and sold that index to Anthropic, Perplexity, Mistral, xAI, and Cohere, and that the browser bypasses paywalls. None of those companies is a defendant, and Brave had not commented.
05
Wired ↗
Wired found more than 400 apps and websites that look like ordinary tools, such as pet portraits or workout coaches, but can load hidden generators for sexually abusive and violent deepfake images and video. Researchers tied the network to Hong Kong-registered Keling Technology Limited and to ads on Meta's platforms. In September, 27 of the apps on Google Play had more than 350,000 downloads combined. Apple removed 19 apps after the findings were shared.
06
CNBC ↗
Oracle filed to sell $10 billion of stock and $10 billion of bonds, the full amount it told investors last week it would raise in new capital through fiscal 2030. The company said the money may fund capital spending, debt repayment, and other corporate uses. Shares fell about 6 percent on Monday. The bonds are split into six tranches due from 2029 through 2046.
07
Reuters ↗
President Lee Jae Myung asked parliament to pass a 2027 budget that would lift spending 12.8 percent to 820.9 trillion won. He said the plan puts 21.3 trillion won, about $16 billion, into AI plus semiconductors, physical AI, and AI data centers, nearly double this year's amount. The bill also includes a 162.3 trillion won fund financed largely by chip-tax revenue. Lawmakers still have to approve it.
08
Business Insider ↗
Elon Musk wrote on Sunday that the cost of serving Grok Bot was unsustainably high relative to revenue, after subscribers said weekly limits ran out days early. He gave no cost figure and asked one user whether a higher-priced plan was too expensive. SpaceX has said the agent had about 800,000 paid weekly users. Some meters also jumped overnight, and a separate billing-dashboard fault was reported the same weekend.
09
The Register ↗
SUSE chief executive Dirk-Peter van Leeuwen told the company's roughly 1,900 employees in a memo that it will cut about 10 percent of staff. He wrote that automation and AI are changing how software companies operate and that some current roles are no longer needed. Affected employees are to be told by November 4. The company has not said which jobs will go.
10
TechCrunch AI ↗
Israeli startup 42AI left stealth with a model it says can estimate how a specific person will act, and it is testing that system at brokerages. Chief executive Amit Gal-Or said the $62.5 million seed was raised over three years from the founders and Infinity Group, which his father founded. The company says the 98 percent figure is a range of trading flows, not a call on each trade. It says about 10 brokerages use it for hedging and margin.