OpenAI’s quarterly revenue rises nearly 50% to $10 billion, but its operating loss also tops $10 billion
Enterprise sales drove the gain as OpenAI narrowed the gap with Anthropic, whose IPO is drawing investor attention.
AI Financing
Anthropic’s bankers prepare to raise its IPO valuation to $1.5 trillion or more
The move would lift the valuation above the range implied by Tuesday’s filing, as disclosures show founder share sales and large gains for Amazon, Google and Nvidia.
Nscale weighs delaying its $35 billion listing as some CoreWeave bonds yield above 16%
Stress is spreading through the debt-funded AI computing providers known as neoclouds, as Microsoft pulls back from deals it sees as risky and banks hesitate.
Anthropic sets a $70 to $78 share range for an IPO valuing it at about $1.3 trillion and raising up to $64.4 billion
The AI developer is pressing ahead with its listing after a draft with larger figures was briefly circulated to banks and withdrawn, and after earlier talk of a $2 trillion valuation faded.
Anthropic takes over a $3.4 billion order for 1.7GW of Caterpillar gas generators to power its data centers
The AI developer stepped into an existing equipment order rather than buying an energy company, with Alphabet providing a guarantee.
Nvidia shares slide about 5% before the open as Trump defends Huang and a report says Rubio oversaw a secret memo
The chipmaker’s leadership crisis reached the market and Washington on Monday, a day after Jensen Huang admitted a relationship with an alleged Chinese operative.
OpenAI raises $11 billion at a $1.25 trillion valuation, about $150 billion below its initial pitch
The AI market rout is lowering the price of the largest private AI developers, and Anthropic’s valuation is also under review before its planned listing.
Nvidia’s Huang admits an affair and apologizes as the board opens an independent investigation
The chipmaker’s chief executive told staff he had been unfaithful to his wife, and independent directors will examine whether he was targeted by Chinese intelligence.
China blocks SoftBank’s $5.4 billion takeover of ABB’s robotics unit
Beijing’s veto of the deal, the second major foreign transaction it has stopped this year, sets back Masayoshi Son’s push into physical AI.
OpenAI’s Brockman says the company will be ready to go public in 2027 as enterprise sales become the majority
The OpenAI president said annualized revenue grew 70% in the third quarter after a rough first half, driven by a takeoff in coding.
Anthropic’s updated filing shows $895.4 billion in compute commitments as the company swings back to an operating loss
The revised S-1 sets the scale of the AI developer’s cloud and data center obligations against its planned listing, which may include an Australian retail offer.
Oracle, Meta and Alphabet tap bond markets for tens of billions as AI spending jumps
Oracle priced a $20 billion stock and bond sale and Meta is seeking up to $25 billion, as the ECB’s Lagarde links hyperscaler debt to rising sovereign yields.
Apple posts a record $114.5 billion quarter in Ternus’s first report, but shares fall on margin guidance and iPhone Duo supply
Tariff refunds and a lower tax rate flattered earnings, while memory-chip costs and supply limits on the $2,000 foldable weigh on the holiday-quarter outlook.
Anthropic reports nearly $17 billion in third-quarter revenue in an amended IPO filing and seeks up to $3.5 billion from Japanese investors
The updated prospectus adds third-quarter financials as the company prepares one of the largest listings in the AI sector.
OpenAI signs four Abu Dhabi agreements with ADNOC, G42 and the government as Altman meets the crown prince
The deals span energy, government services and investment, and were signed while OpenAI is raising money.
OpenAI cuts its fundraising target to about $20 billion from $30 billion, and its valuation goal to $1.25 trillion, as AI stocks slump
The reported reduction of $10 billion in the raise and $150 billion in the valuation follows weeks of selling in AI-related shares.
Anthropic’s IPO filing flags political and uninsurable risks, as it emerges as SpaceX’s $3 billion-a-month ‘Customer B’
The S-1 points to an 85% gross margin and a $40 trillion market opportunity, while warning that the company’s safety advocacy could make it a target.
Alphabet falls 7% after hours on a profit miss as Google and Microsoft hold off raising capex forecasts
Microsoft reported strong cloud earnings and lower capex, while Alphabet lifted its third-quarter AI spending past $50 billion.
Oracle jumps 12% on a forecast of 35% average growth through 2030 and a plan to turn cash-flow positive
The company told investors its AI bet will pay off sooner than expected and that it will limit new fundraising, easing concerns about debt-fuelled data-center spending.
Oracle widens its AI chip line-up with Nvidia’s Vera Rubin, Google TPUs and Cerebras, and embeds OpenAI tools
Oracle expanded its Nvidia supply deal without disclosing its value and said it will be the first hyperscaler to offer Google’s TPU outside Google.
Nvidia commits $3 billion to Meta’s equity raise as Meta lifts its common stock sale to $25 billion
The chipmaker is investing in another of its own customers, deepening an AI partnership built around Meta’s Muse agents.
Meta plans a record $95 billion share sale, mostly nonvoting stock, to pay for its AI build-out
About $60 billion of the equity raise will come from the new class of nonvoting shares Meta created last week, and chipmakers are already lining up to take part.
Anthropic files publicly for a Nasdaq listing, disclosing an $80.7 billion net loss and over 90 pages of risk factors
The AI developer’s S-1 sets out heavy losses, $750 billion in computing commitments and a running fight with the Pentagon, alongside rapid growth.
SoftBank’s Masayoshi Son picks Malaysian sites for $50 billion of AI investment, Anwar says
Malaysia’s prime minister says the SoftBank founder plans a $50 billion outlay on AI and data centres, a pledge that lands as SoftBank leans on bond markets to fund its OpenAI stake.
OpenAI nears a raise of up to $30 billion at a $1.25 trillion valuation after cutting its target
OpenAI lowered its asking price after some investors resisted a $1.4 trillion valuation, and UAE investors are leading the round.
Nvidia’s Huang pitches $10 billion for European AI and says neoclouds are starved of capital
At Nvidia’s GTC conference in Berlin, Jensen Huang said demand for neocloud operators is “off the charts” but that scarce capital is holding them back, and urged lenders to treat Nvidia chips as a financeable asset.
SpaceX’s beat-and-raise quarter revives the AI trade and lifts the Nasdaq
SpaceX’s third-quarter results and Elon Musk’s dismissal of overcapacity worries sent tech stocks higher, with small caps posting their best day since August.
Meta plans a non-voting share class to fund AI spending as it reports third-quarter results
The new stock would let Meta raise money for its artificial intelligence buildout without diluting Mark Zuckerberg’s control.
OpenAI races to raise $30 billion at a $1.4 trillion valuation before Anthropic lists
Reuters reports that OpenAI is hurrying investor commitments ahead of its rival’s flotation, at a time when market jitters have pushed other AI listings back.
Musk promises a SpaceX share to every American child after Anthropic pledges 5% of its stock
Two of the largest private AI companies are moving equity towards the public before their listings, by very different routes.
Anthropic offers Blackstone more than 10% to finance chips as AI borrowing costs climb
The Financial Times reports a double-digit yield on Anthropic’s latest chip financing, at the same time as investors mark down bonds across the AI complex.
SoftBank weighs an $18 billion deal for the largest US security firm
The Japanese group is considering buying Allied Universal as Masayoshi Son looks for places to deploy AI-powered robots, and as its own borrowing costs rise.
Apple and Meta put Meta’s open-weight Muse model on high-end Macs
Two companies that have fought for years over privacy and devices are co-operating to run a powerful open model on personal computers.
Nvidia’s Jensen Huang rules out a CoreWeave rescue as the data-centre firm’s credit swaps hit a record
Huang said his company does not need to step in, while the cost of insuring CoreWeave’s debt reached its highest level yet.
Anthropic shows pre-IPO investors a $16.8 billion quarter as the AI trade sells off
The AI lab told prospective investors its third-quarter revenue reached $16.8 billion and that it turned cash flow positive, on a day the broad US equity market fell on fears about the AI trade.
BlackRock’s managed assets reach a record as fee income climbs
The asset manager reported a profit jump, record assets under management and quarterly inflows that beat forecasts.
Nvidia plans $2 billion of European AI deals and takes a stake in Doctolib
Jensen Huang said the next tranche of European investments will be announced within a week, as Nvidia backed four French companies.
Nvidia’s share of China’s data-centre AI chip market falls to 34% as Huawei closes the gap
A new report puts Nvidia’s first-half share at about a third of a market it once almost entirely owned.
Meta says its new Muse Wonder model reaches the AI frontier and Zuckerberg rules out slowing down
The company put its latest models alongside those of Anthropic and OpenAI and committed to further heavy spending.
Nvidia is in talks to buy an open-model start-up and to back an inference chip rival
The chipmaker is negotiating to acquire Reflection AI and is reported to be planning an investment in d-Matrix, moving it closer to the businesses its customers run.
OpenAI’s revenue disclosure pulls Oracle, Nvidia and CoreWeave lower
A clarified annualised revenue figure from OpenAI sent the stocks that supply its computing power down, with Oracle the sharpest faller.
SoftBank’s Son seeks up to $100 billion from Gulf investors for a new AI push
Masayoshi Son is looking to Gulf investors for as much as $100 billion to finance the next round of SoftBank’s artificial intelligence bets, according to a Financial Times report that other outlets carried.
Microsoft and Nvidia put RTX Spark silicon into a new class of Windows laptop
The two companies launched a high-end Windows machine built to run demanding AI workloads on the device rather than in the cloud.
SpaceX seeks 40 billion dollars of debt for Nvidia chips as its credit risk gauge hits a record
A measure of credit risk at Elon Musk’s company rose to a record high and its bonds fell after the borrowing plan was reported.
Nvidia closes on a $6 trillion value as the S&P 500 sets a record
The chipmaker returned to a record high as US equity benchmarks hit fresh all-time highs and Treasury yields fell back.
Paramount closes its Warner Bros. Discovery takeover to create Skydance
The combined company brings three film studios, two streaming services and two news networks under David Ellison’s control after a yearlong fight.
Paramount closes its Warner Bros takeover to form Skydance
The merger of Paramount and Warner Bros Discovery has completed, handing David Ellison one of the world’s largest entertainment companies.
Anthropic’s IPO prospectus flags government hostility as a revenue risk
The filing says government actions and attitudes could hurt revenue and customer relationships, after the Pentagon labelled the company a supply-chain risk.
Paramount and Warner Bros. will trade as Skydance after the $110 billion deal
David Ellison named the merged company and brought in a co-chief executive, while his father personally guaranteed up to $46.7 billion of the equity.
Anthropic’s IPO filing names US government action as a business risk
The prospectus cites a February executive order and a Pentagon supply-chain designation among the risks to its commercial base.
Nvidia hits a record as its financing of AI customers draws scrutiny
The all-time high came alongside questions about who ends up holding the credit risk in vendor-financed AI build-outs.
Anthropic’s Leaked IPO Prospectus Flags Government Risk After Pentagon Exclusion
The AI company told prospective investors that government attitudes may damage customer relationships, after an appeals court upheld its exclusion from military contracts.
Anthropic IPO filing warns of existential risk and shows a $42 billion loss
The AI developer’s prospectus pairs a 2 trillion dollar target valuation with a giant loss and heavy reliance on two cloud partners.
Anthropic’s IPO prospectus discloses heavy losses and existential risk warnings
The company is seeking a valuation of more than $2 trillion after losing $42 billion last year.
Anthropic’s IPO prospectus warns of existential AI risk and discloses steep losses
The filing pairs a sweeping vision for artificial intelligence with surging costs and a governance structure that keeps control with the company’s leaders.
Larry Ellison pledges 67 million more Oracle shares against personal loans
An Oracle proxy filing shows the founder’s pledged collateral rose by about $9.2 billion from a year earlier.
Nvidia lifts its buyback authorization by a record $150 billion
The chipmaker added to a repurchase programme its chief executive tied to a once-in-a-generation shift to AI.
China weighs letting Alibaba and ByteDance buy new Nvidia chips
Beijing is considering approving purchases of Nvidia’s RTX Pro 5500 by two of its largest AI buyers, days after a summit that left export controls unmentioned.
Ellison pledges 67 million more Oracle shares for loans as option grants go underwater
Regulatory filings show Oracle’s co-founder has borrowed against roughly 36% of his stake, in a stock whose fall has left nearly $1 billion of management options worthless.
Goldman Sachs puts hyperscaler AI spending at $1.2 trillion in 2027
The bank’s estimate sits above consensus and comes with a figure for the annual revenue the spending has to produce to break even.
Oracle’s force majeure notice puts the AI buildout’s financing chain on display
A stalled power connection at a New Mexico data centre campus has Oracle seeking to defer lease payments and its credit default swaps at a record high.
Oracle invokes force majeure on its New Mexico data centre and Blue Owl takes the hit
A notice that would let Oracle delay payments if the Stargate site misses its 2028 opening landed on the private credit lender financing the campus, and Oracle shares fell.
SoftBank sells a record junk bond to fund its OpenAI stake
The Japanese group issued dollar and euro bonds in what several outlets called the largest high-yield corporate sale on record, though they disagree on the size.
Paramount Clears State Lawsuits and Readies a Jumbo Debt Sale for Warner Bros.
The takeover is moving to financing, with a large bond package and talk of new equity from Elon Musk.
Paramount Settles With State Attorneys General, Clearing Warner Bros. Deal
The settlement removes the last legal hurdle to a $110 billion combination that will not require major divestitures.
SoftBank markets a jumbo junk bond to fund its OpenAI stake
Masayoshi Son is raising a record sum from high-yield investors, and demand has already run well ahead of the deal size.
Paramount Settles With State Attorneys General, Clearing the Warner Bros. Path
The settlement removes the last legal obstacle to a takeover reported at $110 billion and expands the Ellison family’s control of CBS, CNN and HBO.
SoftBank Seeks $11 Billion in Junk Bonds to Fund Its OpenAI Stake
The largest single investor in the AI build-out is now raising a record amount from high-yield investors.
SoftBank seeks more than $11 billion of junk bonds to fund its OpenAI bet
One of the largest high-yield deals ever offered arrives as the Fed tightens and global high-yield funds record their biggest outflow in six months.
SoftBank piles on debt to fund its AI bets, with Arm shares as collateral
The group raised its margin loan against Arm and expanded a bank credit line on the same day, adding billions to the firepower behind its OpenAI stake.
Huang says Nvidia will sell twice as many chips next year, into a higher cost of capital
The volume guidance accelerated on the same day the AI complex absorbed its first rate rise in three years.
Ellison cancels his share sale as Oracle keeps sliding
Oracle’s co-founder terminated a trading plan that would have let him sell up to 50 million shares, in the middle of a losing streak and a fresh round of layoffs.
Oracle Cuts Jobs as Ellison Cancels a $7.5 Billion Share-Sale Plan
The company began another round of layoffs in the same week reporting confirmed its co-founder had scrapped a plan to sell up to 50 million shares.
AI Stocks Sell Off After Industry Leaders Back a Slowdown
Chipmakers fell and cybersecurity shares rallied as investors began separating the companies that need endless AI capital spending from those that fund it.
SoftBank and the chipmakers take the hit as AI stocks slide
The first market test of an AI slowdown narrative sorted the sector by leverage, with SoftBank and semiconductor names falling while several hyperscalers rose.
Altman rules out an OpenAI listing this year, citing safety work
The chief executive called the present an ill-advised moment to go public, tying the delay to alignment work rather than to market conditions.
Ellison cancels a $7.5 billion Oracle share sale, saying no stock was sold
Oracle’s executive chairman scrapped a Rule 10b5-1 plan to sell 50 million shares as the company raised its restructuring bill.
Larry Ellison sets up a plan to sell as much as $7.5 billion of Oracle stock
The Oracle founder has adopted a trading plan covering up to 50 million shares, disclosed as the company’s data-centre spending strains its cash flow.
Nvidia’s Huang guides to roughly 70% growth and repeats a multitrillion-dollar build forecast
The chief executive reaffirmed $3 trillion to $4 trillion of AI infrastructure spending by 2030 while guiding to a sharp revenue increase next year.
Nvidia’s Huang Names Cybersecurity the Next AI Market
At a Goldman Sachs conference the chief executive took on the circular-financing and AI-risk bear cases, and the stock fell anyway.
SoftBank repays a $40 billion OpenAI bridge loan and shops a jumbo bond
The AI stake is now large enough to need refinancing on an industrial scale, with a high-yield sale in view.
Nvidia and OpenAI Executives Say AGI Has Arrived With GPT-6 Astra
Jensen Huang and Greg Brockman both used AGI language around OpenAI’s newest model, while OpenAI’s own chief scientist urged extreme caution.
GPT-6 Astra draws AGI claims and squeezes the memory chip trade
OpenAI’s newest model launch prompted Nvidia’s chief executive to declare that artificial general intelligence has arrived, and moved memory chip shares in Seoul.
Nvidia’s Huang declares AGI has arrived after OpenAI’s GPT-6 Astra launch
The chief executive of the company that sells the training hardware says artificial general intelligence has been reached, while the model itself triggered a security lockdown.
Nvidia’s Huang says AGI has arrived. OpenAI has not said it
The chief executive who sells the training hardware declared the race over days after OpenAI shipped its GPT-6 Astra model.