ANTHROPIC CLOUD DEAL
Bigger cheques, fewer winners in India’s AI boom
Indian AI startups raised $1.6 billion in funding during the first nine months of 2026. While AI infrastructure attracted significant investments, application startups faced declining funding and challenges in securing customers. Large transactions constituted most of the total funding, highlighting a disparity in investment distribution.
CoreWeave beats quarterly revenue estimates as AI demand defies growing doubts
CoreWeave reported revenue of $3.66 billion for the third quarter ended September, up from $1.37 billion a year earlier, compared with analysts' average estimate of $3.55 billion, according to data compiled by LSEG.
Anthropic IPO: Why are Nvidia, Google, Microsoft and AMD investing billions in their own AI competitor? What Big Tech stands to gain from the Claude maker
Anthropic IPO: Anthropic is set to receive a significant $26 billion investment through its upcoming IPO from several technology companies. Major contributors include Google, Nvidia, and AMD, each seeking commercial advantages. This financial backing will support Anthropic's expansion and operational needs, including increased computing infrastructure. The participating companies aim to benefit from Anthropic's growth while addressing their own strategic interests in the AI market.
Banks, investors grow wary of AI debt, spooked by market selloff
Some banks, which just a few weeks ago were lining up to fund AI deals, are now telling market participants they would be reluctant to finance additional deals even when they involve guarantees from the sector's marquee technology companies, according to several banking and credit sources.
AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge
AMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could let it buy as much as 10% of the chip firm if it meets certain milestones. The deal followed a similar agreement with OpenAI last year, giving the startup the option to buy up to roughly 10% of the chipmaker.
AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge
AMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could let it buy as much as 10% of the chip firm if it meets certain milestones. The deal followed a similar agreement with OpenAI last year, giving the startup the option to buy up to roughly 10% of the chipmaker.
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When my AI bargains with your AI: The next great bazaar may be where our agents haggle for milliseconds
AI agents are evolving from simple task execution to negotiating on behalf of users in commerce. These agents can analyze data efficiently, enabling faster negotiations and potentially better deals. Businesses are already preparing for AI-to-AI negotiations, which may reshape the landscape of commerce. While this could benefit consumers, it may also create disparities based on the sophistication of agents.
Besides the bubble, a big AI risk could be growing in the shadows
Investors are worried about potential financial risks linked to Big Tech's investments in AI infrastructure. The technology sector recently experienced a significant sell-off, indicating growing nervousness among shareholders. S&P Global predicts considerable expenses on data centres for major companies like Amazon and Microsoft through 2030.
Microsoft director took a voluntary exit offer in July. Now, he is a construction worker, plumber. What prompted his career change?
After 25 years at Microsoft, former director Shawn Mrzena accepted a voluntary exit offer in July and swapped corporate meetings for hands-on work and outdoor adventures. He has since explored construction, plumbing, product design and fly fishing. Sharing his 90-day experience on LinkedIn, Mrzena said leaving corporate life helped him rediscover the satisfaction of building and fixing things. He plans to decide his next career move in 2027.
Nvidia's web of AI bets: smart strategy or bubble risk?
Nvidia's $3 billion investment in Meta's share sale, announced Tuesday, is the latest addition to a portfolio of stakes, loans and guarantees that has made the chip giant what some analysts describe as the central bank of the artificial intelligence boom. Nvidia also has around $36 billion in cloud backstops and a guarantee of up to $105 billion linked to an OpenAI data center, according to US media.
Nvidia in talks to give credit support for Nscale's deal with Anthropic
Nvidia is in talks to offer AI cloud provider Nscale billions of dollars in credit guarantees to support debt funding for a data center earmarked for Anthropic, The Information reported on Thursday, citing people with knowledge of the talks.
Google's Nvidia chip challenge boosts cloud sales, crimps cash flow
The trade-off, outlined by finance chief Anat Ashkenazi on Alphabet's post-earnings call on Wednesday, offers an early look at the costs of a business that has emerged as one of the company's biggest growth areas as investors fret over AI's threat to its lucrative search advertising business.
US DOJ is inquiring about Nvidia's purchase of Hugging Face
The Justice Department's recent questioning covers Nvidia's acquisitions, investments, sales practices, and whether the chip designer has exerted pressure on its customers, the two people said.
Wall Street drifts as Broadcom and other AI-related stocks help support the market
The S&P 500 rose 0.3 per cent and pulled within 1.5 per cent of its all-time high set earlier this month. The Dow Jones Industrial Average was down 9 points, or less than 0.1 per cent, as of 9:35 am Eastern time, and the Nasdaq composite was 0.5 per cent higher.
Meta eyes record $95 billion equity raise to fund AI expansion
The Facebook parent has launched public offerings worth about $35 billion in common and preferred stock, and said it also plans to launch a separate at-the-market share sale program worth up to $60 billion.
Anthropic recorded net loss of over $80 billion in first half of this year
The company generated $16.3 billion in revenue during the six months ended June 30, compared with $1.1 billion in the corresponding period a year earlier, the newspaper reported. The loss largely reflected accounting adjustments related to financing agreements, including $72 billion in charges linked to changes in the value of convertible notes and other financial instruments.
Why L&T Technology shares jumped 11% to hit the Rs 4,000 level afterQ2 results
L&T Technology Services shares rose sharply past Rs 4,000 after Q2 results beat expectations, driven by margin expansion, AI-led deal wins and strong sustainability business growth. Management expects a stronger second half of FY27, while Motilal Oswal, Nuvama and Nomura raised their target prices but maintained cautious ratings.
OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say
OpenAI is working swiftly to secure funds before Anthropic's anticipated public market debut in mid-November. The fundraising effort could place OpenAI's valuation over $1.4 trillion and attract significant investment. It aims to capitalize on recent revenue growth following the introduction of new models in the marketplace. Investors are currently evaluating both companies as they compete for overlapping funds and attention.
SpaceX earnings to be released tomorrow, October 20: 10 points to know
SpaceX will release its third-quarter 2026 earnings after the US stock market closes on Tuesday, October 20. The report lands one day before Tesla shares its own results on Oct. 21. Because SpaceX is privately held, financial data usually circulates through private investor letters rather than public filings.
Microsoft pulls out of UK data center deal with Nscale: Telegraph
The US tech giant, one of Nscale's two largest customers, recently terminated its agreement for the data center in Loughton, Essex, according to the report.
Flipkart’s marketplace revenue falls; Wipro Q2 profit takes a hit
Flipkart’s marketplace business sees revenue decline as losses widen. This and more in today’s ETtech Top 5.
Sarvam plans big fundraise; HCLTech's Q2 profit jumps
Happy Tuesday! Sarvam is in talks for a big round that could double its valuation to $3 billion. This and more in today’s ETtech Morning Dispatch.
US stocks muted as tech weakness offsets energy gains; earnings in focus
The S&P 500 and Nasdaq saw slight declines on Monday, primarily due to weaker technology stocks. Strength in energy and communication services sectors provided some support to the markets. Oil prices reached two-week highs following significant geopolitical events in the Middle East. Major banks are set to report earnings this week, highlighting key economic indicators that will influence investor sentiment.
US Stock market on Columbus day predictions: S&P 500, Dow Jones, Nasdaq, Russell 2000 investors eye tricky Monday on Indigenous Peoples' Day. Nvidia, Apple, Micron, AMD, Tesla other stocks to watch out today
Stock market on Columbus day: Earnings season begins on Tuesday, with major US banks including Wells Fargo, Goldman Sachs, Citigroup and JPMorgan Chase scheduled to report first.
Four horsemen of economic trouble? RBI governor flags the risks spooking the world
The RBI raised the repo rate 25 bps to 5.50%, its first hike in nearly four years, and shifted its stance to calibrated tightening. Governor Sanjay Malhotra flagged four global risks: West Asia tensions and volatile oil prices, tariff uncertainty, elevated bond yields and stretched AI stock valuations. He said these risks are clouding global sentiment despite resilient growth.
DigiLocker seeks private partners, Slurrp Farm's fundraise plans
DigiLocker is set to bring more institutions onto its platform with the help of private AI integrators. This and more in today’s ETtech Top 5.
Anthropic IPO prospectus reveals deep reliance on Amazon, Google for sales and compute
Anthropic plans a highly anticipated IPO and seeks a valuation of approximately $2 trillion. The company reported a sharp increase in revenue alongside rising operational losses due to its aggressive expansion plans. Almost half of its 2025 sales came from Amazon and Google, highlighting its reliance on these tech giants. Anthropic's relationships with these cloud providers are both a competitive advantage and a risk factor.
Anthropic’s Road to IPO: Funding, valuation, Claude growth and legal battles
Anthropic is preparing for a closely watched U.S. IPO after rapid growth in funding, valuation and revenue. The Claude maker faces legal and regulatory challenges while expanding AI capabilities, cloud partnerships and commercial operations. Its potential listing could offer investors insight into frontier AI economics, governance, capital requirements and growth expectations.
Cerebras to supply AI systems to cloud computing startup Gimlet Labs
By Max A.- Cerebras Systems plans to supply AI chips and hardware with capacity to consume roughly 100 megawatts to startup Gimlet Labs to help run its cloud computing business, the companies said on Monday.
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