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  1. 1

    Anthropic's third-quarter revenue reportedly rises to $16.8 billion

    Anthropic told investors in a closed meeting that third-quarter revenue reached $16.8 billion, up from $11.5 billion in the second quarter, and that it is profitable on an adjusted basis, according to The Financial Times. The disclosure comes as Wall Street awaits Anthropic's public S-1 filing, ahead of an IPO projected for this fall. Anthropic is also contending with a pricing war as customers seek cheaper AI models, and says its new Claude Haiku 5.5 costs an average of 75% less than Haiku 4.5. Rival OpenAI is holding off its own IPO until early 2027, according to Bloomberg.

    Key facts

    • Anthropic privately filed IPO paperwork with the SEC on June 1.
    • Wall Street is eyeing a record $2 trillion valuation for Anthropic's IPO.
    • Investors revised OpenAI's annualized revenue estimate from $70 billion to $50 billion, the Financial Times reported.
    • Bloomberg reported OpenAI is seeking $30 billion at a $1.4 trillion valuation.
    • Claude Haiku 5.5 costs $0.10 per million input tokens and $0.50 per output token.

    Commentary

    The sharper signal is in the benchmark, not the top line: a $20 billion swing from a miscalculation shows how loosely run-rate comparisons are being used to gauge the two companies' worth. Anthropic's revenue claim will be easier to weigh once the public S-1 gives investors checkable figures.

    Sources: Yahoo Finance

  2. 2

    Tech sell-off deepens and drags Asian markets lower; Dell falls 11% on Barclays downgrade

    Technology shares sold off harder across much of Asia on Thursday after U.S. stocks fell on hotter-than-expected inflation data. Surging bond yields had also added pressure, and South Korea's Kospi and Japan's Nikkei led the regional losses, with Samsung Electronics and SK Hynix among the heaviest decliners. Taiwan's Taiex also fell, though AP and TradingView reported different sizes of the drop. Separately, Dell Technologies fell more than 11% on Wednesday after Barclays downgraded the PC and server maker, citing a stretched valuation and enterprise technology spending that has yet to see a significant AI boost. Chief executive Michael Dell told CNBC that AI infrastructure demand still exceeds supply, a trend he expects to persist through 2030.

    Key facts

    • U.S. consumer price index rose 3.7% year-on-year in September, up from 3.4% in August.
    • South Korea's Kospi lost 7.6% to 5,554.22, down more than 16% over the past month.
    • Japan's Nikkei 225 tumbled 4.9% to 64,425.95.
    • Barclays cut its Dell price forecast to $574 from $603.
    • AP reported Taiex fell 3.4%, while TradingView put its Thursday morning drop at 2.9%.

    Commentary

    What moved is expectations, not orders: Dell, up more than 300% this year, is being marked down while its AI demand story runs ahead of the spending that would confirm it, the same mismatch Morningstar's Lorraine Tan warns of in tech-heavy Asian markets. The most richly priced AI names carry the most risk if that gap widens.

    Sources: WGN Radio 720, Seeking Alpha, TradingView

  3. 3

    Ukraine says new Starlink restrictions disrupt its military operations

    Ukraine says SpaceX has restricted Starlink service its military relies on, disrupting drone operations and air defense as Russian ballistic missiles struck Kyiv. Musk placed responsibility on Trump, saying the military version, Starshield, is owned and controlled by the US government and that limits on it are decided by the US military and ultimately the president. Trump insisted the US was still sharing intelligence, but Ukrainian and European officials were scrambling to confirm its status after two Russian ballistic strikes on Kyiv came without an alert. Some Ukrainian officials said the timing could not be coincidental given Musk's close ties to Trump, though the cause remains unclear. Kyiv fears Washington could cut battlefield support to force concessions.

    Key facts

    • SpaceX imposed overnight speed limits on military-grade Starlink above 100 mph, Zelenskyy's defense tech adviser Serhii Beskrestnov said.
    • A Ukrainian official said SpaceX gave no warning and Ukraine's armed forces learned of the limits from customer support.
    • An army unit in Zaporizhzhia said it had to cancel some planned operations.
    • A Ukrainian official said units were already seeing drone performance problems at even lower speeds.
    • The White House, SpaceX and Starlink did not immediately respond to requests for comment.

    Commentary

    The real shift is who holds the switch, not the restriction itself. Musk's line between Starlink and Starshield looks thinner when Britain runs Starshield on the same satellite constellation and ground stations as Starlink. Whoever controls that switch now holds a lever over Ukraine's drone operations, which is why the timing questions carry weight beyond this dispute.

    Sources: NBC News, The Indian Express

  4. 4

    ASML posts record third-quarter sales on AI chip demand

    Dutch firm ASML, the only maker of machines capable of producing advanced chips for AI systems, said AI demand has powered strong sales and profits, and vowed to scale up production. Chief executive Christophe Fouquet said customers are raising forecasts, and some want to place orders for 2029 and even 2030. Demand outstrips supply, and ASML is seeking more capacity for 2028 beyond a 30-percent increase already announced. The company had previously warned its Chinese sales would 'decline significantly' this year, amid a US-China tech dispute. Beijing has called Washington's curbs 'technological terrorism', and ASML has denied US concerns that one of its advanced machines was in China, potentially violating the restrictions.

    Key facts

    • Third-quarter sales were a record 11.7 billion euros, up from 7.5 billion a year earlier.
    • Third-quarter net profit was 5.0 billion euros ($5.6 billion), up from 2.1 billion a year earlier.
    • Full-year sales forecast raised slightly to 44-45 billion euros, from 43-45 billion.
    • Fourth-quarter net sales expected at 14.2 billion to 15.2 billion euros.
    • China expected to represent around 20 percent of ASML's business this year.

    Commentary

    The telling shift is that ASML's constraint is now its own output rather than customer appetite, so the capacity build-out is the real test of this boom. The part it cannot control is the export fight, which means the gains ultimately rest on governments as much as on order books.

    Sources: Yahoo News Singapore

  5. 5

    Protesters challenge Flock Safety license plate readers at San Francisco tech conference

    Protesters gathered outside TechCrunch Disrupt at the Moscone Center in San Francisco to challenge the growing use of Flock Safety's license plate-reading cameras. The demonstration coincided with a talk by the company's chief executive. The cameras capture vehicle plates and location data that law enforcement can use to investigate crimes, but critics warn the information could be used to track immigrants and abuse survivors. Organizers say interconnected systems share data across agencies and want stronger oversight, while Flock says its safeguards are designed to prevent misuse. San Francisco has approved the cameras for public safety, setting up a debate over balancing investigative benefits with civil liberties.

    Key facts

    • Fight for the Future organizer Reem Suleiman says Flock leaves a back-door open to federal agencies.
    • Flock says ICE cannot directly access its cameras or customer data.
    • Garrett Langley has denied that Flock helps authorities target people seeking abortions.
    • NPR reports a hacker collective took down a Flock camera and copied its software for 404 Media and Wired journalists.
    • Flock Safety is valued at nearly $8.5 billion.

    Commentary

    The notable element is not the protest but the gap between the company's answer and the critics' charge: a denial framed around direct access does not address data passed between agencies. That narrow denial leaves the networked-sharing concern unrebutted, which is the strongest point organizers make and the one local lawmakers would have to answer.

    Sources: CBS News, NPR

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