⛵ Alphabet Beats on Cloud
Plus: Upwind Raises $400M at $3.8B, Anthropic Adds Legal Artifacts to Claude
Good Morning, Early Adopters!
Google Cloud more than doubled to $30.7 billion, but Alphabet missed on revenue and earnings and burned $9.1 billion in free cash flow, sending shares down more than 10% after hours.
Big Tech at the Close | Wed, Oct 28 |
Company | Price | 1 Day | Mkt Cap | |
 | Amazon AMZN | $254.60 | +0.59% | 2.75T |
 | Apple AAPL | $343.83 | −0.94% | 5.02T |
 | Google GOOGL | $324.89 | +1.34% | 3.97T |
 | Meta META | $612.49 | −1.24% | 1.59T |
 | Microsoft MSFT | $531.01 | −0.06% | 3.94T |
 | NVIDIA NVDA | $215.38 | −1.17% | 5.20T |
 | SpaceX SPCX | $145.23 | −2.25% | 1.97T |
 | Tesla TSLA | $404.22 | −0.80% | 1.60T |
Alphabet Beats on Cloud
TL;DR: Alphabet posted $127.6 billion in quarterly revenue, up 25% year over year, as Google Cloud more than doubled to $30.7 billion, ahead of the $28.7 billion analysts expected. Advertising came in at $82 billion, slightly light, while capital spending hit $51.4 billion, roughly 40% of revenue. Read more →
Google Ships Gemini 4 Carbon for Security
TL;DR: Google announced Gemini 4 Carbon, a frontier model it says delivers significant gains in coding, agentic tasks and cybersecurity, for now open only to a small group of cyber defenders. Carbon tops the Artificial Analysis Intelligence Index, ahead of Claude Opus 5.5 and GPT-6 Astra, two weeks after Argon launched. Read more →
Upwind Raises $400M at $3.8B
TL;DR: Cloud and AI security startup Upwind closed a $400 million round at a $3.8 billion valuation and said revenue has quadrupled so far in 2026. Reports in September put the round at $300 million; Upwind took in another $100 million before it closed. Read more →
Anthropic Adds Legal Artifacts to Claude
TL;DR: Anthropic added a gallery of ready-made artifacts to Claude for Legal, the product it launched in May, covering contract review, regulatory horizon scans and citation checks. The package pushes Claude deeper into law firm and in-house workflows, where document-heavy tasks are the core of billable work. Read more →
OpenAI Puts ChatGPT Dot in iMessage
TL;DR: OpenAI now lets U.S. Pro subscribers text their ChatGPT dot through iMessage or RCS in a preview, putting the assistant inside the default texting app instead of a separate download. It is the company's most aggressive move yet to meet consumers where they already type. Read more →
OpenAI's Berlin DevDay Is About Platform
TL;DR: At DevDay Exchange in Berlin, OpenAI said its Dots assistant will expand across Europe within weeks and that weekly Codex users in Germany are up twentyfold since January. Most announcements repeated earlier news, but the subtext was clear: distribution and platform, not model launches. Read more →
Prophecy Launches DataGPT Inside Chatbots
TL;DR: Data startup Prophecy released DataGPT, which lets business analysts run full data workflows inside ChatGPT, Claude and Copilot. Each answer ships with a visual map of the steps that produced it, aimed at teams that need auditable analysis rather than a black-box reply. Read more →
Nvidia Open-Sources Nemotron 3.5 Transcribe
TL;DR: Nvidia released Nemotron 3.5 Transcribe, an open speech model handling transcription, speaker recognition and translation from text prompts. It leads several benchmarks while using a sixth of the active parameters of its strongest open rival. Read more →
DOE Backs Nuclear Uprates With $5B
TL;DR: The Department of Energy offered a conditional loan of up to $5 billion to Constellation to raise output at 15 reactors across eight plants in Illinois, Maryland and Pennsylvania. The uprates are among the fastest ways to add firm capacity for AI data centers. Read more →
Formation Bio Launches $600M Drug Fund
TL;DR: AI-focused biotech Formation Bio launched a $600 million Drug Development Accelerator Fund to acquire and advance 10–15 clinical-stage drug programs over the next three to five years. Backed by institutional investors, the fund finances individual drug assets rather than the parent company, allowing Formation Bio to expand its pipeline without relying on another equity round. Read more →
FDA Charts Path for Bespoke Gene Editing
TL;DR: The FDA issued draft guidance allowing multiple variants of individualized gene-editing therapies to be covered under a single biologics license application. Developers could add new variants after approval, subject to safety, potency and manufacturing requirements. The proposal aims to streamline regulatory reviews for ultra-rare genetic diseases but remains open for public comment. Read more →
Warp Sciences Exits Stealth for Lab Robots
TL;DR: Warp Sciences emerged from stealth with co-founders from OpenAI and Meta and fresh funding to build infrastructure for automated drug discovery in the United States. The company applies robotics to lab work, betting that faster experiments, not bigger models, are the bottleneck. Read more →
Boston Dynamics Staff Protest ICE Robot Dogs
TL;DR: Boston Dynamics employees objected in a letter to executives after it emerged that Immigration and Customs Enforcement bought four modified Spot robot dogs for $1.3 million through a reseller. The dispute pushes the ethics of police and defense deployments back onto a company that sells itself as a research-friendly platform. Read more →
Avride Delivery Robots Expand to Four Cities
TL;DR: Wonder is widening its partnership with Avride to run autonomous robot delivery in Jersey City, Hoboken, Arlington County and Philadelphia, adding dozens of merchants. It is one of the larger United States rollouts of sidewalk delivery, a category still searching for unit economics. Read more →
PsiQuantum Shows 8x8 Optical Switch
TL;DR: PsiQuantum built an 8x8 optical circuit switch demonstrator on its silicon photonics platform, originally designed for quantum computing and now aimed at linking AI clusters. The switch offers low insertion loss and high channel isolation, and sampling it to AI customers gives the company a path to revenue before its quantum machine ships. Read more →
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