⛵ Anthropic Files S-1
Plus: Meta Sells $95B in Stock for AI, Microsoft Offers Buyouts to 60,000 Staff
Good Morning, Early Adopters!
OpenAI is trying to solve the universe, Anthropic is trying to pay for it, and Microsoft is trying to figure out how many humans it still needs.
Big Tech at the Close | Mon, Oct 26 |
Company | Price | 1 Day | Mkt Cap | |
 | Amazon AMZN | $249.09 | +0.44% | 2.69T |
 | Apple AAPL | $343.91 | −1.10% | 5.02T |
 | Google GOOGL | $316.80 | −1.06% | 3.87T |
 | Meta META | $630.56 | −1.88% | 1.61T |
 | Microsoft MSFT | $532.60 | +1.54% | 3.95T |
 | NVIDIA NVDA | $216.00 | +2.39% | 5.22T |
 | SpaceX SPCX | $146.90 | −0.40% | 2.00T |
 | Tesla TSLA | $391.62 | +5.21% | 1.55T |
Anthropic Files S-1, Posts First Profit
TL;DR: Anthropic publicly filed for a Nasdaq listing under the ticker ANT, with Goldman Sachs and Morgan Stanley leading. Q2 revenue hit $11.6 billion, up from $787 million a year earlier, with a first GAAP operating profit of $974 million. The catch: roughly $780 billion in locked-in compute commitments. Read more →
Anthropic Commits $120.5B to SpaceX Compute
TL;DR: Anthropic's IPO filing shows it has agreed to spend up to $120.5 billion on computing power from SpaceX's AI unit, giving it access to Nvidia chips. Once all capacity arrives, expected in December 2026, Anthropic will pay about $3.1 billion a month, with terms running into 2029. Read more →
Meta Sells $95B in Stock for AI
TL;DR: Meta plans to raise up to $95 billion for AI infrastructure and superintelligence, launching $35 billion in common and preferred stock offerings, with another $60 billion potentially coming through a future at-the-market program. Nvidia, AMD and Broadcom have expressed interest in buying up to $5 billion of shares. Meta stock fell about 1.9% on the news. Read more →
OpenAI Model Claims Math Breakthroughs
TL;DR: An internal OpenAI model has produced claimed proofs of the Kakeya conjecture in every dimension, a refutation of the Exponential Time Hypothesis, and a proof of Yang–Mills existence, part of a Millennium Prize problem. Several proofs were computer-checked, and leading complexity theorists are organizing an open, independent examination of the results before anyone pops champagne. Read more →
GPT-6.1 Terra Halves API Prices
TL;DR: OpenAI released GPT-6.1 Terra, its mid-tier model, at $1 per million input tokens and $5 per million output, half the price of Claude Sonnet 5.5. Cached inputs drop to $0.05. It targets everyday work and computer control, and is live in ChatGPT, Codex and the API. Read more →
Microsoft Offers Buyouts to 60,000 Staff
TL;DR: Microsoft opened a voluntary exit offer to employees at level 70 or below in the U.S., Canada, India and the U.K. About 60,000 people, roughly 27% of its 223,000-person workforce, are eligible. Quarterly capex is expected to top $50 billion as AI spending squeezes efficiency. Read more →
Bedrock Robotics Raises $600M at $4.1B
TL;DR: San Francisco's Bedrock Robotics raised a $600 million Series C co-led by CapitalG and Emergence Capital at a $4.1 billion valuation, bringing total funding near $1 billion. The company retrofits excavators for full autonomy and is expanding from Texas into the Midwest and South Atlantic, including data center sites. Read more →
Qualcomm Moves to Acquire PickNik
TL;DR: Qualcomm agreed to acquire PickNik, the longtime steward of MoveIt, one of the most widely used open-source robotics manipulation frameworks. Announced in September, the deal would keep MoveIt open source, preserve community roadmaps and third-party hardware support, while bringing its software closer to Qualcomm's robotics platforms. The acquisition remains subject to closing conditions. Read more →
Intel to Buy Classiq for Quantum
TL;DR: Intel agreed to acquire quantum software company Classiq, combining its automated algorithm synthesis platform with Intel's silicon spin-qubit hardware and software. Classiq helps developers design quantum circuits without deep hardware expertise, potentially giving Intel a stronger position in full-stack quantum computing. The deal is expected to close in the first half of 2027. Read more →
Gelsinger Bets on Nagare Memory Startup
TL;DR: Former Intel CEO Pat Gelsinger is betting on Nagare Labs, whose Z2RAM promises SRAM-like bandwidth, DRAM-like density and NAND-like manufacturing. It is a direct shot at the memory wall throttling AI accelerators. The road ahead is arduous and littered with failed memory vendors, which makes the bet worth watching. Read more →
China's AI Stock Bubble Pops
TL;DR: China's STAR50 index of top AI and chip companies has crashed 40% in under four months, erasing about $480 billion. Unitree has halved since its August listing, and chipmakers MetaX and Moore Threads have also lost half their value since July. A cautionary chart for anyone pricing Anthropic's IPO. Read more →
The RealReal Locks Out AI Shopping Agents
TL;DR: The RealReal upgraded its bot defenses after Meta's Muse agent was shown re-adding listings to carts every 20 minutes, effectively blocking other shoppers for hours. Agents can still surface listings, but logging in, carting and checkout are now much harder. Agentic commerce just met its first bouncers. Read more →
Tesla Stretches Houston Robotaxi to Downtown
TL;DR: Tesla expanded its Houston Robotaxi zone from a 25-square-mile pocket in the northwest suburbs to a rocket-shaped geofence reaching downtown and Bellaire, announced with "Houston, we have liftoff." Independent trackers count only about 34 driverless Model Ys covering the much larger area. Read more →
Cisco Puts AI Agents on Timed Access
TL;DR: Cisco launched Privileged Infrastructure Access, which gives administrators and AI agents network privileges that last only as long as the task at hand. It targets the standing credentials engineers leave on routers and switches, where single sign-on and multifactor checks often stay behind, just as agents start touching production networks. Read more →
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