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Verizon signs a $2B-plus AI deal with AWS and raises its 2026 outlook
Business

Verizon signs a $2B-plus AI deal with AWS and raises its 2026 outlook

The AWS framework covers distributed compute for agentic and generative AI workloads as Verizon lifts full-year guidance for a third straight quarter.

Jaeden Schafer4 min read
Nevis raises $70M from EQT and Schwab for AI wealth adviser agents
Business

Nevis raises $70M from EQT and Schwab for AI wealth adviser agents

The ex-Revolut founders' platform says client assets on it grew from $50B to $700B this year as Schwab and Focus Financial sign on.

Jaeden Schafer5 min read
Itau Unibanco to buy AI startup NeoSpace for $589M
Business

Itau Unibanco to buy AI startup NeoSpace for $589M

The Brazilian bank is buying the large-model startup it has used for two years in credit, CRM and fraud, paying over five years.

Jaeden Schafer4 min read
California startups raise $385B in 2026, over three-fourths of US funding
Business

California startups raise $385B in 2026, over three-fourths of US funding

OpenAI and Anthropic account for more than half of California's total, which is already more than double last year's with two months left.

Jaeden Schafer3 min read
Bedrock Robotics raises $600M to put autonomous excavators on job sites
Business

Bedrock Robotics raises $600M to put autonomous excavators on job sites

The Series C values the two-year-old company at $4.1 billion and follows the first paid work by its fully autonomous excavators in August.

Jaeden Schafer4 min read
Anthropic logo
Business

Anthropic files S-1 for a Nasdaq IPO under the ticker ANT

The filing discloses $16.29 billion in first-half revenue, an $80.7 billion net loss, and a single founder share carrying 50.1% of the vote.

Jaeden Schafer5 min read
Meta logo
Business

Meta launches $35B stock offering to fund its AI infrastructure push

Nvidia, AMD and Broadcom signaled interest in up to $5B of the shares, and a separate $60B Class C share sale is planned for 2027.

Jaeden Schafer5 min read
SK Telecom gives AI agents employee IDs and human supervisors in governance report
Business

SK Telecom gives AI agents employee IDs and human supervisors in governance report

Higher-autonomy agents must answer to a team leader or executive, and underperformers can be suspended or retired under a plan running through 2028.

Jaeden Schafer4 min read
Musk says SpaceX closed $40B in debt financing to buy AI GPUs
Business

Musk says SpaceX closed $40B in debt financing to buy AI GPUs

Musk says the callable debt funds GPU deliveries due in the first half of 2027, as he predicts a shakeout among poorly capitalized neoclouds.

Jaeden Schafer4 min read
SoftBank's Masayoshi Son plans $50B AI and data center push in Malaysia
Business

SoftBank's Masayoshi Son plans $50B AI and data center push in Malaysia

Prime Minister Anwar Ibrahim says the money will target AI, new technology and data centres in Kuching and Peninsular Malaysia.

Jaeden Schafer3 min read
Apollo's Torsten Slok says AI has shown zero financial payoff outside tech
Business

Apollo's Torsten Slok says AI has shown zero financial payoff outside tech

Revenue per worker and margins are rising for the Mag 7 but flat for the S&P 493, per Slok's charts; Brad DeLong points to user surplus instead.

Jaeden Schafer4 min read
OpenAI logo
Business

OpenAI used 30%-plus discounts to win Replit's $100M AI spend from Anthropic

Rippling's coding work flipped too: OpenAI's share jumped from 16% in May to 52% as Anthropic's fell from 57% to 18%.

Jaeden Schafer4 min read
Nvidia logo
Business

Nvidia's role as AI financier faces first test as neocloud stocks slide

CoreWeave, Nebius and IREN have each lost at least 30% in October as Nvidia's off-balance-sheet guarantees to AI cloud builders come under scrutiny.

Jaeden Schafer5 min read
Google logo
Business

Sundar Pichai says Google's compute today reflects decisions he made in 2024

Google's CEO says the industry is pretty far from the end state of recursive self-improvement and that every lab wishes it had twice the compute.

Jaeden Schafer3 min read
Andy Jassy says AWS capacity is largely sold out through 2027
Business

Andy Jassy says AWS capacity is largely sold out through 2027

Amazon's CEO said a good chunk of 2028 is also booked as AI labs and enterprises outrun a planned $220 billion buildout.

Jaeden Schafer4 min read
Anthropic logo
Business

Anthropic's 20-seat Claude minimum sidelines thousands of Schwab's small RIAs

Schwab cited 16,000 RIAs at launch, but 11,000 of them manage under $100M and Anthropic says there is no smaller enterprise option for now.

Jaeden Schafer4 min read
Meta logo
Business

Meta acquires Sundial, an AI analytics startup founded by ex-Meta leaders

Co-founders Julie Zhuo and Chandra Narayanan join Meta's new data analytics group under chief data officer Alex Schultz, and Sundial stops serving outside customers.

Jaeden Schafer4 min read
Cambricon's Q3 profit jumps 148% to $210M as revenue doubles
Business

Cambricon's Q3 profit jumps 148% to $210M as revenue doubles

The Shanghai-listed AI chipmaker's quarterly revenue rose 104.5% to 3.5 billion yuan as Chinese labs move workloads off Nvidia hardware.

Jaeden Schafer3 min read
Dayforce to acquire Ribbon AI, whose voice agent has run over 1M job interviews
Business

Dayforce to acquire Ribbon AI, whose voice agent has run over 1M job interviews

The HR software company will fold Ribbon's voice interviewer, sourcing and outreach tools into its new agentic recruiting product. Terms weren't disclosed.

Jaeden Schafer3 min read
Pathos AI raises $237M at a $3B valuation in Bristol Myers-led round
Business

Pathos AI raises $237M at a $3B valuation in Bristol Myers-led round

The Series E comes with a Bristol Myers Squibb partnership and a $55M Tempus data deal that take Pathos's AI agents from cancer into Alzheimer's.

Jaeden Schafer4 min read
Nvidia logo
Business

Nvidia invests in AI video startup Higgsfield as Jensen Huang visits Kazakhstan

Nvidia and TCV extend Higgsfield's $400 million August Series B as the startup says registered users have passed 40 million.

Jaeden Schafer4 min read
Anthropic logo
Business

Anthropic and Hg to launch a European AI consultancy with London and Berlin hubs

Anthropic will fund its stake from its own balance sheet while Hg invests through its funds, with the firm due to open before the end of 2026.

Jaeden Schafer4 min read
SK Hyper seeks $350B for first phase of 15GW AI data center buildout in South Korea
Business

SK Hyper seeks $350B for first phase of 15GW AI data center buildout in South Korea

The SK Telecom unit is in talks with tech companies and financial investors and wants its first outside round closed by late 2026 or early 2027.

Jaeden Schafer4 min read
OpenAI logo
Business

OpenAI nears up to $30B raise at a $1.25T valuation led by Coatue and UAE investors

The new price sits below the $1.4 trillion OpenAI was seeking a month ago, and the round could come with a UAE compute deal attached.

Jaeden Schafer4 min read
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