Alphabet reports Q3 2026 revenue of $127.6 billion

Anthropic may offer up to 20% of its IPO to retail, Bloomberg says

Anthropic is weighing setting aside 15% to 20% of the shares in its IPO for retail investors, people familiar with the matter told Bloomberg on Wednesday, 28 October. JPMorgan will lead the US retail offering, they said. TNW has not independently verified the report.

SK Hynix profit jumps 632% as it says memory shortage will last to 2030

SK Hynix reported record third-quarter results on Wednesday, 28 October. Operating profit rose 632% from a year earlier to 83.3 trillion won (about $62bn). Revenue rose 328% to 104.6 trillion won, it said in its earnings release.

Physical Intelligence in talks at a $20bn valuation, Bloomberg reports

Robotics AI startup Physical Intelligence is in talks to raise money at a valuation of about $20bn. It builds AI software that lets robots handle real-world tasks. Rebecca Torrence and Natasha Mascarenhas reported the talks for Bloomberg on Tuesday, citing people familiar with the matter.

Machenta raises $40M to teach robots a task from a single demonstration

Machenta, a London robotics startup spun out of Imperial College London, has raised a $40M seed round. It is building an AI model that teaches robots a new task from a single demonstration. Creandum and Union Square Ventures co-led the round, Imperial said on 27 October.

Anthropic’s IPO filing leaves Ben Mann out of its founder voting group

Anthropic’s IPO filing leaves Ben Mann, who co-leads its Labs team, out of the founder group that will control the company after it lists. A footnote on page 248 of the S-1 prospectus, filed on 26 October, says Mann is “often referred to as a co-founder”.

The executive talent market is divided in two