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Tech / The Next Web ·

Anthropic’s amended IPO filing shows $17bn revenue, $895bn commitments

Anthropic generated nearly $17bn in revenue in the third quarter, around 12 times more than in the same period last year, according to an amended IPO prospectus filed with the SEC on Monday. Bloomberg reported the figures. The updated filing adds the latest quarterly results to the prospectus the AI…

Tech / The Next Web ·

Chip shortage disrupts Fiat production in Italy and may last to December

A shortage of electronic components is disrupting Fiat production in Italy, with the problems potentially continuing through December, Stellantis said on Monday, Reuters reported. The missing component is used in an engine control unit, the computer that manages a car’s engine. Stellantis, which…

Tech / The Next Web ·

OpenAI launches Grid Protectors to ease AI’s strain on power grids

OpenAI launched the Grid Protectors Program, promising that its future campuses will cut electricity use when grids are under strain. Its planned Georgia campus is the pilot, with up to 1,000MW of flexible demand. No other sites have been named. OpenAI has launched a national programme to make its…

Tech / The Next Web ·

Alphabet launches €6B bond sale in first test of AI debt since selloff

Google’s parent company Alphabet began selling €6bn ($6.7bn) of bonds on Monday. The sale is the first big test of demand for tech debt since worries about AI spending shook markets last week, Reuters reported. The sale is split into seven parts: one floating-rate note and six fixed-rate notes, with…

Tech / The Verge ·

Meta will end Quest 2 OS updates in 2027

Meta is planning to release the last OS update for its Quest 2 and Quest Pro VR headsets by March 2027, the company announced today. The last OS update for those devices is planned to be v213, and after that, Meta will continue to ship security patches and critical bug fixes through the end of […]

Tech / The Verge ·

BMW is taking on Tesla’s FSD with urban driver assist starting in 2027

BMW says that it will expand its navigation-guided, partially automated driving capabilities into urban environments starting in 2027, launching first in Germany with other markets to follow. The new system can help steer, speed up, and slow down the vehicle on both highways and city streets using…

Tech / The Next Web ·

Musk says Colossus 2 is expanding into sites called Spam and Gun Range

Elon Musk says SpaceX is adding two more sites to its Colossus 2 AI computing complex in Memphis. He calls them Gun Range and Spam. Musk gave the update on X on Sunday, as Lauren Edmonds reported for Business Insider. He said the Spam site once housed Hormel products, and that the local police…

Tech / The Next Web ·

Musk’s midterm donations hit a record $474M, The New York Times reports

Elon Musk has given $474 million to political groups during the 2026 midterm cycle, an analysis by The New York Times has found. No donor has given more in a single election cycle, apart from wealthy candidates who paid for their own campaigns. Theodore Schleifer built the total for The New York…

Tech / The Next Web ·

Musk says Grok Bot costs were unsustainably high as users ran out early

Elon Musk says Grok Bot was costing SpaceX too much to run for the money it brought in. He said so on X on Sunday. He was replying to subscribers whose weekly usage of the AI agent had run out days early. One user, posting as Doge Norway, asked him for a reset. Lots of […] This story continues at…

Tech / The Verge ·

The Apple Watch Ultra 4 is $100 off, matching its best price to date

The Apple Watch Ultra 4 is the company’s most capable smartwatch. Whether you intend to put its many tracking features to the test, or you simply want the longest battery life of any Apple Watch, it’s currently on sale for $699.99 ($100 off) in multiple colors at Amazon, matching its all-time low…

Tech / The Next Web ·

29 NHS trusts said to benefit from Palantir don’t use it, Guardian reports

NHS England lists 29 hospital trusts as “realising benefits” from Palantir’s data platform. Those trusts say the system is not live, or that they do not use any of its applications. Robert Booth reported the findings for the Guardian on Monday. The answers came from more than 100 freedom of…

Tech / The Verge ·

Ford promises not to sell your driving habits to data brokers

Ford vowed to never sell customer driving data to third-party data brokers as part of a new privacy promise aimed at setting the automaker apart from competitors that have faced legal and regulatory blowback for sharing telematics with data brokers without authorization. As part of its new…

Tech / The Next Web ·

Oracle launches $10B bond sale alongside $10B share offering

Oracle began marketing $10bn in investment-grade bonds on Monday, alongside a separate $10bn share offering, according to a filing with the US Securities and Exchange Commission. The bond sale is divided into six tranches. One carries a floating interest rate and matures in 2029. The other five have…

Tech / The Next Web ·

OpenAI’s Lehane likens backing a data centre ban to the 2002 Iraq vote

AI will be the number-one issue of the 2028 US presidential election, says Chris Lehane, OpenAI’s chief global affairs officer. His memo, titled “2028: The AI Election”, sets out five questions he says candidates must answer to build an AI agenda. Politico published the Chris Lehane memo in full…

Tech / The Next Web ·

Hypersonica raises €100M to build hypersonic missiles for Europe

British-German defence startup Hypersonica has raised €100m in a Series B round to accelerate development of its hypersonic missile system. The weapons travel at more than five times the speed of sound, making them difficult to intercept. US investors Lightspeed and General Catalyst co-led the…

Tech / The Next Web ·

Altman signs four Abu Dhabi deals, from permits to Mubadala investments

Abu Dhabi is using OpenAI’s models to help officials check permit and certificate applications against its rules. The pilot turns a set of government policies and regulations into a form that AI systems can read. It is already running on food imports. It is one of four OpenAI Abu Dhabi deals…

Tech / The Verge ·

Xbox’s former COO has ‘serious concerns’ about her abrupt departure

Xbox's former chief operating officer, Helen Chiang, suddenly left Microsoft less than two weeks ago after being promoted into the role in July. I wrote in my Notepad newsletter last week that it seemed very weird for Chiang to suddenly depart Microsoft after 21 years with a surprisingly short…