Anthropic’s $80.7 Billion Loss Puts IPO Accounting and AI Costs in Focus
Anthropic’s reported first-half net loss includes $72 billion in financing-related accounting charges, as massive compute commitments put its IPO finances in focus.
Big Tech & Innovation - Page 4
Follow the breakthroughs and disruptions driving the technology industry. From artificial intelligence and advanced chips to new digital platforms and corporate strategies, this section covers how leading tech companies innovate and shape the future of business. We highlight major product launches, research advances and market moves to give readers a clear view of where technology and commerce intersect.
Latest Big Tech & Innovation News
Netflix Stock Falls Nearly 5% After Earnings Beat and Ad Outlook Cut
Netflix beats Q3 earnings estimates but cuts its annual advertising forecast to $2.7 billion, sending NFLX nearly 5% lower in early after-hours trading.
SpaceX Revenue Surges to $14.58 Billion, Beating Estimates as AI and Starlink Grow
SpaceX reports $14.58 billion in Q3 revenue and $4.4 billion in net income, beating sales estimates as AI becomes its largest business and Starlink expands.
CoreWeave Stock Drops Over 6% a Day After Goldman Upgrade
CoreWeave falls as much as 6.4% early Tuesday after Goldman’s Buy upgrade, as investors continue weighing AI infrastructure returns and financing costs.
Revolut Outage Hits App, Card Payments and Transfers
Revolut reports widespread disruption to its app, cards and transfers, while assuring customers their money and data are safe as Google Cloud recovers.
Amazon Plans Over €16 Billion Investment in Germany for 2027
Amazon plans over €16 billion in German investment in 2027, including €4.8 billion for AWS Frankfurt, alongside satellite internet, logistics and Prime Video.
Bank of America Added 1,000 Contractors to Patch AI-Exposed Software Flaws
Bank of America added 1,000 contractors after AI models including Mythos exposed software flaws; its disclosed remediation costs also include AML work.
ARK Invest Sees Tesla Stock at $4,400 by 2031 as Robotaxis Drive Valuation
Cathie Wood’s ARK Invest projects Tesla shares at $4,400 in 2031, nearly 12 times Monday’s close, with robotaxis driving most of its modeled valuation.
Elice Plunges on Kosdaq Debut After $150 Million AI IPO
Elice falls more than 30% from its IPO price as the Korean AI infrastructure company enters a market increasingly focused on funding costs and returns.
Merz Urges German Businesses to Embrace AI as Nvidia Plans Investments
Germany’s Friedrich Merz urges companies to use their industrial data for AI as Nvidia plans four startup investments and Siemens showcases factory applications.
Amazon Stock Jumps 5% as Morgan Stanley Names It a Top Pick
Amazon gains nearly 5% as Morgan Stanley raises its target to $350, citing stronger AWS growth and AI opportunities across cloud services and shopping.
Goldman Upgrades CoreWeave to Buy, but CRWV Rally Fades
Goldman upgrades CoreWeave to Buy but cuts its target to $106. CRWV gives up an early rally and closes down 0.44% as AI financing risks remain...