Silicon Valley Daily
Institutional buyers told Anthropic its IPO should price at $1.5 trillion to $1.6 trillion, not $2 trillion, the same day its amended S-1 showed $17 billion of third-quarter revenue, a $23.29 billion loss and $895.4 billion in compute commitments. The filing also says Anthropic may soon cross its own threshold for AI-accelerated research. Apple's first quarter under John Ternus beat on revenue, but inventory rose 154% as it stockpiled memory, and a 45% to 46% margin forecast pushed the stock down. Chip stocks shed another $400 billion as Intel fell 9%, even as Marvell agreed to pay $115 billion for Lumentum and Palantir's US commercial revenue passed its government business. Oracle raised $20 billion, Salesforce bought Cresta, and Goldman Sachs took AI coding tools away from its bankers.
Anthropic posts $17B Q3 revenue; IPO investors float $1.5T–$1.6T valuation
Anthropic's amended S-1 shows third-quarter revenue of about $17 billion, up roughly 1,127% from a year earlier, and a net loss of $23.29 billion; quarter-over-quarter growth slowed to about 47% from 144% in Q2. The filing lists $895.4 billion in purchase commitments and leases, 'substantially all' for compute and infrastructure, and The Register estimates the full compute tab could top $1 trillion. Institutional investors told Anthropic its IPO valuation should be around $1.5 trillion to $1.6 trillion, below earlier $2 trillion estimates, citing the tech selloff, the Wall Street Journal reported.
Apple's first quarter under Ternus: $114.5B revenue, iPhone up 17%, weak margin outlook
Apple reported fiscal fourth-quarter revenue of $114.5 billion, up 12% and above the $113.39 billion estimate, in John Ternus's first report since taking over as CEO on Sept. 1. iPhone revenue rose 17% to $57.58 billion and Mac 24% to $10.79 billion, while iPad fell 10% to $6.23 billion and China revenue of $17.5 billion missed the $18.9 billion estimate. Apple guided December-quarter revenue growth of 7% to 10% but gross margin of 45% to 46%, below the 46.3% consensus, and the stock slid 3% after hours.
Marvell agrees to buy Lumentum in an all-stock deal valued at $115B
Marvell will acquire optical-component maker Lumentum for 4.5 Marvell shares per Lumentum share, an enterprise value of $115 billion including debt. Nvidia invested $2 billion in each company in March, and Marvell CEO Matt Murphy called the deal 'a double down on supporting Nvidia.' Lumentum's CEO pointed to an 'enormous' opportunity in AI connectivity; closing is expected in the first half of 2028.
Apple's inventory jumps 154% as Ternus calls memory pricing 'unprecedented'
Apple's inventory rose to $14.54 billion, up 31.1% from the prior quarter and 154.3% from a year earlier, as it stockpiled memory. 'What we're seeing with memory pricing right now is unprecedented,' Ternus said, adding that costs will rise further in December and keep increasing after that; manufacturing purchase obligations grew by $33 billion from June to September. COO Sabih Khan said the $1,999 iPhone Duo is supply-constrained and that it is 'really hard to predict' when supply and demand will balance; online delivery estimates have slipped to late January 2027.
Anthropic's S-1 says it may 'imminently' hit its threshold for AI-driven acceleration
New risk-factor language in Anthropic's amended S-1 says internal estimates about future models indicate it 'may imminently meet' its Responsible Scaling Policy definition of 'dramatically accelerated progress attributable to AI.' The company says no current model has been designated as exceeding that threshold, and that in the past it did not identify a significant acceleration until after it happened. It adds that it does not expect to safely let Claude build successive frontier models without meaningful human supervision and is considering policy updates to keep humans in control.
Intel falls another 9% as chip stocks shed $400B in a day
Intel slid about 9% on Monday after a nearly 29% drop on Oct. 30, its worst day since 1974, which capped a 45% plunge in October. Yahoo Finance calculates chip stocks lost more than $400 billion in market value in one session even as about 70% of S&P 500 stocks rose, and about $3.7 trillion since Oct. 6, with Micron, Sandisk, Seagate and Western Digital down 6% to 8% on the day. Intel is shifting some Oregon capacity from its 18A process to Intel 3 to meet server CPU demand.
Palantir's US commercial revenue tops government for the first time
Palantir's third-quarter revenue rose about 96% to $2.31 billion, above the $2.18 billion estimate, and net income more than doubled to $1.13 billion. US commercial revenue jumped 148% to $984 million, passing US government revenue of $953 million for the first time. The company raised full-year guidance to about $8.53 billion; CEO Alex Karp repeated his call to nationalize AI labs, and shares dipped about 3% after hours.
New York Times sues Brave, calling it a supplier of scraped content to AI firms
The New York Times sued Brave Software in federal court in Manhattan, alleging it scraped copyrighted articles into an index of more than 30 billion pages and sold access to customers including Anthropic and Perplexity. The suit also targets a Brave feature that bypasses paywalls. The Daily News, Chicago Tribune and Orlando Sentinel filed a similar suit.
Salesforce to buy AI contact-center startup Cresta, reportedly for $2.7B
Salesforce announced plans to acquire Cresta, a nine-year-old provider of AI-powered contact center automation software. The Information reported that Salesforce agreed to pay $2.7 billion. The deal extends a recent run of acquisitions by Salesforce.
OpenAI launches Grid Protectors, pledging 1GW of flexible demand in Georgia
OpenAI launched the Grid Protectors Program, under which its future compute campuses will cut power draw when the grid is strained. The pilot is a planned campus in Effingham County, Georgia, where OpenAI says it can free up to 1,000 megawatts during extreme weather or emergencies, enough for air conditioning in about 700,000 homes. Tom's Hardware reports OpenAI expects AI to be a major 2028 presidential election issue and is promoting the term 'AI compute campuses' as local opposition to data centers grows.
Oracle files to raise $20B in stock and bonds a week after capping borrowing
Oracle is offering $10 billion of bonds and $10 billion of common stock to fund its AI buildout. A week earlier it told investors it would cap new borrowing at $20 billion through the end of fiscal 2030; CFO Hilary Maxson said it would raise that amount during the rest of fiscal 2027. Oracle spent $55.7 billion on capex in fiscal 2026 and plans $90 billion to $95 billion in fiscal 2027.
OpenAI hires former Army Secretary Dan Driscoll for national security
OpenAI hired former US Army Secretary Dan Driscoll as senior counselor for national security modernization, a newly created role. He will advise leadership on AI for national security and cybersecurity and help US allies adopt the technology. Driscoll stepped down as Army secretary earlier this year after reported tensions with Defense Secretary Pete Hegseth, CNBC noted.
Musk cuts Grok Bot quotas, saying serving costs were 'unsustainably high'
Some Grok Bot users found their weekly limits suddenly maxed out over the weekend. Musk replied on X that 'the cost of serving Grok Bot was unsustainably high relative to revenue.' Less than two weeks earlier he had called it the fastest-growing product he had ever seen; The Decoder notes OpenAI and Anthropic are also tightening flat-rate plans.
Trajectory raises $45M from Sequoia to let experts post-train their own models
Trajectory, a one-year-old, 18-person startup founded by three Stanford classmates, raised a $45 million Series A led by Sequoia at a $300 million valuation, with Nvidia, Bessemer and Bain Capital Ventures participating. Its platform collects feedback on how an open-source model performs inside an app and retrains it so lawyers, doctors and other specialists can improve it themselves. Harvey, Rogo, Decagon, Mercor and Nvidia are customers, and the platform is now publicly available.
SUSE cuts about 10% of staff citing AI; Squarespace lays off 19%
SUSE CEO Dirk-Peter van Leeuwen told staff the Linux vendor will cut about 10% of its workforce, writing that 'automation and AI are fundamentally shifting how software companies operate,' according to a memo seen by The Register. Squarespace is laying off 19% of its employees as part of a broader restructuring.
Goldman Sachs limits Claude Code and Copilot to engineers
Goldman Sachs is pulling AI coding tools such as Claude Code and GitHub Copilot from traders and bankers and limiting them to engineers, citing internal guidelines from October, according to Bloomberg. In July, CIO Marco Argenti had praised 'vibe coding' by non-technical staff. A spokesperson cited 'productivity and risk management' and said the experimentation phase is over.
DeepSeek open-sources dsh-superagent, a router-worker coding agent
DeepSeek's Harness team open-sourced dsh-superagent under the MIT license. The research prototype takes development requests from GitHub or Feishu, runs each in a separate worker session and returns results such as pull requests to the original thread. In DeepSeek's own simulation, p95 task completion time fell to 15.7 minutes from 29.5.
42AI raises a $62.5M seed for a model that predicts individual behavior
Israeli startup 42AI emerged from stealth with a $62.5 million seed round for what it calls a 'behavioral world model.' It is running the system at a handful of brokerages to predict how individual traders react to volatile markets, drawing on signals from onboarding and support calls, the founders told TechCrunch.
Meituan releases LongCat-2.5, a 1.6T-parameter model for long agentic coding
Meituan released LongCat-2.5, a native multimodal model with 1.6 trillion total parameters and about 48 billion active per token, trained with long-horizon reinforcement learning for agentic coding. Pandaily reports it is optimized for W4A4 inference on domestic Chinese compute.
Mercado Bitcoin halts withdrawals after a $46M-plus breach
Mercado Bitcoin, Brazil's largest crypto exchange, paused deposits and withdrawals after a breach involving more than $46 million in assets, according to Arkham data cited by The Block. Tether froze more than 4.5 million USDT linked to the attacker.
Northwood Space raises $375M at a $2B valuation
Northwood Space raised a $375 million Series C co-led by Andreessen Horowitz and DFJ Growth at a $2 billion valuation. The company, led by CEO Bridgit Mendler, builds antennas and software for satellite-to-ground links.
Garry Tan says he spends up to $200K a year on AI tokens
Y Combinator CEO Garry Tan told Walter Isaacson's podcast The Builders that he spends 'maybe $100[,000] to $200,000 a year on tokens' running AI agents. His agent has read his email, Dropbox and 20 years of notes, and YC runs an internal agent named Stray Light with context on every founder it has backed. Tan said personal agents will go mainstream only if costs fall: 'It's too expensive right now.'
Anthropic tells Claude Code not to clone existing video games
Anthropic updated Claude Code's system prompt to stop it from recreating specific existing video games while still allowing original games and games in a genre. The change surfaced after a user posted the new lines on X. Ars Technica argues the wave of AI-made decompilations and clones is far bigger than any one model maker can stop.
Judge refuses to dismiss NAACP suit over xAI's Mississippi gas turbines
A federal judge in Mississippi denied SpaceXAI's motion to dismiss an NAACP lawsuit alleging it ran 27 gas turbines in Southaven without an air permit between August and December 2025. The company had argued the turbines were mobile and exempt from permitting. The ruling comes about two weeks after the same court rejected a Justice Department request to end the case.
SpaceX reportedly wants to buy Boost Mobile to take on the big carriers
SpaceX has explored buying EchoStar's Boost Mobile or gaining access to its network, TechCrunch reports, citing The Washington Post. A deal would give Starlink terrestrial access to compete with AT&T, T-Mobile and Verizon.
Google dismantles a 1.3M-device botnet built into Android TV boxes
Google and industry partners dismantled a botnet of more than 1.3 million Android TV set-top boxes that shipped with software renting out owners' internet connections and committing ad fraud. Google says manufacturer Videostrong Technology of Shenzhen intentionally built the backdoor, and it has cut ties with the company. Experts told Krebs on Security the takedown will likely sever access to more than 10 million other compromised devices.
Apple's $1,000 home robot could arrive in 2027, Ars reports
Apple is developing a home robot for FaceTime calls and tasks such as switching on lights, with a price around $1,000 and a target of 2027, Ars Technica reports. CEO John Ternus is backing the project, though its uses remain limited.
Snap settles teen mental health suit before trial
Snap settled a lawsuit from plaintiffs who said social media design features such as autoplay and infinite scroll fueled their depression and eating disorders. The plaintiffs said they started using YouTube as young as age 3 and other platforms around age 9.
OpenAI raises bug bounties, with critical findings now worth up to $172,000
OpenAI said it is more than quadrupling, on average, the midpoint of its reward ranges for medium, high and critical bugs. A critical flaw in ChatGPT, Codex or the API Platform now pays up to $30,000, and exceptional findings up to $100,000, or $172,000 with new quality, loyalty and campaign bonuses. It is also preparing its next internal security sprint with Cathedral Systems to test its defenses using AI.
OpenAI built Pando, a Git backend for a monorepo flooded by agent commits
OpenAI detailed Pando, a Git-compatible backend for its monorepo. It says quarterly commits will be up more than 2,400% from early 2024 by year-end, and that its old backend's reliability had fallen below 90%. Pando cut push latency by nearly five times and serves close to a petabyte of Git data a day, The New Stack reports.
Match Group's paying users fall 5% as Hinge tests a cheaper plan; Roku grows 24%
Match Group's third-quarter revenue fell 3% to $891 million, below estimates, and paying users fell 5% to 13.8 million; its fourth-quarter adjusted EBITDA forecast also missed. Hinge is testing a cheaper subscription as users tire of paying for dating apps. Roku's revenue rose 24% to $1.5 billion, with platform revenue up 23% to $1.3 billion.
German lawmakers received Apple spyware warnings
German lawmakers and a filmmaker are among people who received Apple notifications warning that their iPhones may have been hacked with spyware, Germany said. Germany's cybersecurity office BSI advised recipients to assume their devices may be compromised.
Thrive, General Catalyst and a16z back startups trading GPU access
Startups are building trading markets for GPU capacity, Newcomer reports, with Thrive, General Catalyst, a16z and FirstMark backing them. Ornn, which resells neocloud capacity on short-term contracts, is raising at a valuation of up to about $1 billion, and Silicon Data publishes an hourly GPU rental index.
Attackers exploit a max-severity Node-RED flaw as supermarket fridge hacks recur
Attackers are exploiting CVE-2026-58115, a 10-out-of-10 flaw in Node-RED on Siemens SIMATIC IoT2050 devices that do not enforce authentication, to deploy a Linux bot; VulnCheck says a canary caught the first attack on Oct. 30. Separately, hackers again switched refrigeration units to defrost at dozens of European supermarkets, The Register reports, the second such wave in a month.
Trigger.dev breach and Mandiant's LLMjacking report show AI tooling under attack
AI workflow platform Trigger.dev said an attacker accessed environment variables belonging to some of its customers' organizations. Separately, Google's Mandiant reported that criminals hijacking corporate LLM access, known as LLMjacking, can run up more than $100,000 a day in charges.
OpenAI releases LifeVal, a benchmark built on everyday tasks
OpenAI published LifeVal, a benchmark measuring how well AI helps people complete everyday tasks such as finding childcare, managing finances and handling government paperwork. It built the task list from time-use studies and a new survey of 3,995 respondents.
Tutor Intelligence CEO: most robot customers are first-time buyers
On a16z's podcast, Tutor Intelligence CEO Josh Gruenstein described deploying robots in factories and warehouses, using human 'tutors' when needed and turning that work into training data. The episode covers the company's 100-robot data factory and robots starting at roughly $16 an hour. Gruenstein said most customers are buying a robot for the first time and that the company has helped ship more than a quarter billion products.
China lays out its plan for a crewed Moon landing before 2030
Chinese officials laid out the missions leading to a crewed lunar landing before 2030. The plan does not include a crewed lunar flyby like Apollo 8 or Artemis II.
Tachyum files for bankruptcy without ever shipping Prodigy
Tachyum, developer of the long-delayed Prodigy universal processor, voluntarily filed for bankruptcy, and a court in Bratislava has opened proceedings. The future of the Prodigy intellectual property is unknown.