⛵ Riot Leases 910 MW to Anthropic
Plus: OpenAI Agrees to Buy Pierre Computer, Starlink Taps Qualcomm for 5G
Good Morning, Early Adopters!
Power is the new moat: Google and Riot just committed tens of billions to keep AI's lights on.
Big Tech at the Close | Wed, Nov 4 |
Company | Price | 1 Day | Mkt Cap | |
 | Amazon AMZN | $266.03 | +6.12% | 2.88T |
 | Apple AAPL | $349.51 | +5.31% | 5.08T |
 | Google GOOGL | $288.93 | +3.18% | 3.55T |
 | Meta META | $630.00 | +1.44% | 1.61T |
 | Microsoft MSFT | $555.80 | +6.68% | 4.13T |
 | NVIDIA NVDA | $200.13 | −3.17% | 4.83T |
 | SpaceX SPCX | $135.92 | −3.81% | 1.85T |
 | Tesla TSLA | $385.19 | −3.34% | 1.52T |
Riot Leases 910 MW to Anthropic
TL;DR: Riot’s powered-land lease with Anthropic at its Corsicana, Texas, site became binding on November 4. Riot plans to deliver 910 MW of critical IT capacity in three phases from June 2027 to July 2028. Anthropic will pay rent as blocks are delivered and cover electricity and other site expenses. Read more →
OpenAI Agrees to Buy Pierre Computer
TL;DR: OpenAI agreed to acquire Pierre Computer, the startup behind open-source developer tools already used in Codex. Its libraries handle tasks including rendering code diffs and highlighting syntax. Terms were not disclosed. Read more →
Starlink Taps Qualcomm for 5G
TL;DR: SpaceX selected Qualcomm’s Dragonwing chips and software for Starlink Mobile’s planned nationwide terrestrial 5G network. The ground network would complement Starlink’s direct-to-phone satellite service and give SpaceX a path into the U.S. wireless market. Read more →
Google Backs Anthropic’s Kentucky Leases
TL;DR: Google signed three agreements to backstop certain Anthropic obligations at TeraWulf’s Kentucky campus. The agreements take effect as the last data hall under each lease starts service. TeraWulf previously estimated about $19 billion in contracted revenue over the initial 20-year lease term. Read more →
Qualcomm Slides on Weak Earnings Outlook
TL;DR: Qualcomm beat fiscal fourth-quarter estimates, but its earnings forecast fell short of Wall Street expectations at the midpoint. Shares fell about 7% in extended trading. Rising memory costs have pushed up handset prices and weighed on smartphone demand. Read more →
Toyota and Waymo Plan Japan Robotaxi Tests
TL;DR: Toyota and Waymo said on October 30 that they plan to begin testing and validating autonomous bZ4X electric SUVs in Japan in 2027. They plan to bring the vehicles to the U.K. and other Waymo markets in subsequent years. Read more →
Tesla Tests Cybercabs on Detroit Streets
TL;DR: About two dozen Tesla Cybercabs are testing on Detroit-area public roads out of a Southfield facility, The Detroit News reported. The vehicles use temporary steering wheels and human test drivers. Read more →
Big Tech Buybacks Fall to Multiyear Low
TL;DR: Combined third-quarter buybacks at Alphabet, Amazon, Microsoft, Meta and Oracle fell to $4.4 billion, the lowest since 2017, according to The Kobeissi Letter. Separately, Reuters found that the same companies returned 9.3% of operating cash flow to shareholders through dividends and buybacks in the first nine months, down from 27.4% a year earlier. Read more →
Nvidia May Fill 1% of China RTX Pro 5500 Orders
TL;DR: Nvidia is expected to fill about 1% of roughly six million RTX Pro 5500 orders placed by major Chinese cloud and AI companies, Bloomberg reported. The orders were estimated at about $70 billion. The figure applies to that chip and group of buyers. Read more →
Anthropic Uses Claude to Map a Viral Protein Shell
TL;DR: Anthropic researchers used Claude to help reconstruct a vault-like particle made from a bacteriophage protein. Claude assisted with DNA design, purification and microscopy analysis. The team says it obtained an initial 3D model 34 hours after microscopy data processing began. The biological function of vaults remains unknown. Read more →
IonQ Closes Acquisition of Elisity
TL;DR: IonQ completed its all-stock acquisition of zero-trust security company Elisity, issuing $1.15 billion in shares at closing. Sellers can earn up to another $150 million based on revenue milestones. The deal adds identity-based network security to IonQ’s quantum security portfolio. Read more →
Mistral Publishes Large 4 Weights
TL;DR: Mistral Large 4’s weights are available on Hugging Face. The coding and cybersecurity model has 1 trillion total parameters and 52 billion active parameters. Its custom license requires a separate commercial agreement for businesses that operate model-as-a-service offerings before commercial use. Read more →
Anthropic Releases FlashProve Research Code
TL;DR: Anthropic published code for FlashProve, a prototype that uses cryptographic proofs to check that model output came from committed weights. In a batched test with 4-bit Llama 4 Maverick, proof generation reached about 110 tokens per second and required 70–95 times the GPU time of inference alone. Read more →
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